NOT LISTED FOR SALE

The Palace on Brickell Condo 1541 Brickell Ave Unit A701 Miami, FL 33129

Brickell Neighborhood

Estimated Value: $852,000 - $914,000

2 Beds
2 Baths
1,697 Sq Ft
1981 Built

Sale Details

Date Sold: September 16, 2022

Last sale price $900,000 $530 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $7,361 / mo

26 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • End Unit
  • Ocean Front
  • Sauna
  • Community Pool

About This Home

As of September 2022

ENJOY THIS FABULOUS/DIRECT WATERFRONT CORNER DELUXE, BEAUTIFULLY REMODELED 2BED & 2BATH. NEW FLOORS, GORGEOUS CHEFS KITCHEN, 2 BALCONIES, FLOW THROUGH VIEWS. TENNIS, GYM, POOL, SPA, KIDS' PLAYROOM, WATERFRONT WALK. ELEVATOR TAKES YOU UP DIRECTLY FROM THE GARAGE PARKING SPACE TO THE UNIT. THE PALACE IS ONE OF MIAMI'S MOST ICONIC WATERFRONT BUILDINGS BY THE FAMED ARCHITECTURAL FIRM, ARQUITECTONICA. STEPS FROM MARY BRICKELL VILLAGE SHOPS, CITI-CENTER MALL, RESTAURANTS, BANKS, PUBLIX SUPERMARKET, 5 MINS DRIVE TO WHOLEFOODS AND MUCH MORE. EASY TO SHOW! BRING YOUR BUYER NOW! THERE IS A MONTHLY ASSESSMENT OF $223.75 UNTIL 2028.

Last Agent to Sell the Property

Diana Tello

Envirotek Realty License #3277908 Listed on: 07/13/2022

Last Buyer's Agent

Derek Varona

Sea Grove Realty License #3245277

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,315

Year Built

  • Built in 1981

Lot Details

  • End Unit

HOA Fees

  • $1,569 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Property Views

Home Design

  • Entry on the 7th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,697 Sq Ft Home
  • Built-In Features
  • Vinyl Flooring

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-39-038-0040

Community Details

Overview

  • High-Rise Community
  • The Palace Condo
  • The Palace Condo Subdivision
  • 40-Story Property

Amenities

  • Doorman
  • Community Barbecue Grill
  • Sauna
  • Business Center

Recreation

  • Community Playground
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,315

Year Built

Built in 1981

Lot Details

0 Sq Ft Lot

HOA Fees

$1,569 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Entry Level: 7
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: THE PALACE CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Other Equipment/Appliances, Refrigerator, Washer
  • Interior Amenities: Built-in Features, Fire Sprinklers, Other, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Vinyl
  • Furnished: Unfurnished
  • Living Area: 1697
  • Possible Use: Primary
  • Stories: 40
  • Bedroom Features: Other

Exterior Features

  • View: Bay, Direct Ocean, Pool Area View
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Intracoastal Front, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: THE PALACE CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned, Covered

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Doorman, Other

Condo/Co-op/Association

  • Association Fee: 1569
  • Amenities: Barbecue, Business Center, Exercise Room, Other, Child Play Area, Pool, Sauna, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-39-038-0040
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 9315

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2022
Closed on
Sep 13, 2022
Sold by
Bought by
Seller's Agent
Diana Tello
Envirotek Realty
Buyer's Agent
Derek Varona
Sea Grove Realty
List Price
$950,000
Sold Price
$900,000
Premium/Discount to List
-$50,000
-5.26%
Views
11
Current Estimated Value
$878,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,562
Avg. Annual Appreciation
-0.63%
Original Mortgage
$675,000
Outstanding Balance
$632,593
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$245,845

Purchase Details

Listed on
Mar 20, 2015
Closed on
Aug 11, 2015
Sold by
Bought by
Seller's Agent
Kari Madera
Fortune Christie's International Real Estate
Buyer's Agent
Alfredo Ferro
Envirotek Realty
List Price
$669,000
Sold Price
$650,000
Premium/Discount to List
-$19,000
-2.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.69%

Purchase Details

Closed on
Aug 15, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 5, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$900,000 Alliance Title
$900,000 Alliance Title
$650,000 --
$450,000 Key Intl Title & Esrow Corp
$420,000 Sunshine Title Services Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $675,000
Closed $675,000
Previous Owner $360,000
Previous Owner $210,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/16/2022 09/16/22 Sold $900,000 0.0% $530 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
08/01/2022 08/01/22 Price Changed $900,000 -5.3% $530 / Sq Ft
07/13/2022 07/13/22 For Sale $950,000 0.0% $560 / Sq Ft
11/01/2020 11/01/20 Rented $3,700 0.0% --
09/28/2020 09/28/20 Under Contract -- -- --
07/28/2020 07/28/20 For Rent $3,700 -7.5% --
06/27/2017 06/27/17 Rented $4,000 0.0% --
06/15/2017 06/15/17 Under Contract -- -- --
07/18/2016 07/18/16 Price Changed $4,000 -4.8% --
01/19/2016 01/19/16 For Rent $4,200 0.0% --
08/11/2015 08/11/15 Sold $650,000 -2.8% $383 / Sq Ft View Prior Sale
07/23/2015 07/23/15 Pending -- -- --
07/16/2015 07/16/15 For Sale $669,000 0.0% $394 / Sq Ft
06/09/2015 06/09/15 Pending -- -- --
05/01/2015 05/01/15 Price Changed $669,000 -4.3% $394 / Sq Ft
03/20/2015 03/20/15 For Sale $699,000 -- $412 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,903 $582,962 -- --
2024 $15,358 $685,838 -- --
2023 $15,358 $747,100 $0 $0
2022 $10,231 $482,251 $0 $0
2021 $9,315 $438,410 $0 $0
2020 $9,337 $438,410 $0 $0
2019 $9,358 $438,410 $0 $0
2018 $9,183 $438,410 $0 $0
2017 $9,880 $466,394 $0 $0
2016 $11,279 $516,780 $0 $0
2015 $6,214 $320,888 $0 $0
2014 $6,285 $318,342 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Diana Tello

    Seller's Agent in 2022

    Diana Tello

    Envirotek Realty

    (919) 200-5027

    8 in this area

    54 Total Sales

    Diana Tello
    Section Image
  • Derek Varona

    Buyer's Agent in 2022

    Derek Varona

    Sea Grove Realty

    (305) 726-5818

    5 in this area

    106 Total Sales

    Derek Varona
    Section Image

  • N

    Buyer Co-Listing Agent in 2022

    Natalia Figueroa

    Compass Florida, LLC

    (305) 851-2820

    2 in this area

    54 Total Sales

    Natalia Figueroa
    Section Image

  • N

    Buyer's Agent in 2020

    Nicole Rodriguez

    The Agency Florida LLC

    (305) 915-3061

    1 in this area

    9 Total Sales

    Nicole Rodriguez
    Section Image
  • Alfredo Ferro

    Seller's Agent in 2017

    Alfredo Ferro

    Envirotek Realty

    (786) 280-4175

    30 in this area

    127 Total Sales

    Alfredo Ferro
    Section Image

  • K

    Seller Co-Listing Agent in 2017

    Karen Ramos

    DK Global Investments LLC

    (786) 233-6931

    2 in this area

    9 Total Sales

    Karen Ramos
    Section Image
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About The Palace on Brickell Condo

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11238998

MIAMI REALTORS® MLS

APN: 01-4139-038-0040

Florida Miami/Dade County Miami 33129 Brickell

1541 Brickell Ave Unit A701, Miami, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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