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Built in 1981 - 249 units - 43 floors

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Building Information

Palace

Number of units: 249
Active listings for rent: 4
Active listings for sale: 7
Building inventory for sale: 2%
Number of sales over the last 12 months: 9
Number of sales over the last 6 months: 6
Number of sales over the last 3 months: 3
Avg. time to close over last 12 months: 127 days

Address

1541 Brickell Ave, Miami, Miami-Dade, FL, 33129

The Palace Condominium
Address: 1541 Brickell Ave,
Miami, FL 33129
Phone: +1 305-858-8400

Recent Sales

Unit # Size Closing Date Sale Price PPSF
B1504 1,640 sq ft Apr 2024 $720,000 $439
C1408 1,475 sq ft Feb 2024 $1,015,000 $688
C807 1,117 sq ft Jan 2024 $555,000 $497
B2704 1,640 sq ft Dec 2023 $780,000 $476
B403 1,640 sq ft Dec 2023 $770,000 $470

Market Information

Building vs Area

Palace: $615/sq. ft.
Miami: $665/sq. ft.

Area vs City

Miami $665/sq. ft.
Miami-Dade $703/sq. ft.

Inventory for sale

Miami: 4%
Miami-Dade: 3%

Avg. time to close over last 12 months

Palace 127 days
Miami: 84 days
Miami-Dade: 81 days