NOT LISTED FOR SALE

The Palace on Brickell Condo 1541 Brickell Ave Unit A702 Floor 7 Miami, FL 33129

Brickell Neighborhood

Estimated Value: $799,103 - $880,000

2 Beds
2 Baths
1,640 Sq Ft
$2,042/ mo HOA Fee

Last Sold April 26, 2023

Last sale price $825,000 $503 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,466/month

2 Days on Market

Highlights

  • Ocean Front
  • Gated with Attendant
  • Clubhouse
  • Fitness Center
  • In Ground Spa
  • Marble Flooring

About This Home

As of April 2023

**$$ Million Dollar Bayview $$** Elevator leads to foyer shared by only 2 units per floor. Flow-thru floor plan with views of Biscayne Bay, the Ocean and the Rickenbacker Causeway from the east and City Views from the west. Two Spacious balconies on both sides and open kitchen overlooking the city. Bright living/dining area with, access to both panoramic terraces. Master bedroom with full bay view, ensuite bath and 2 closets. Large second bedroom with ensuite bath and beautiful city views! This 2 bedroom 2 Bathroom features spectacular Ocean and Bay views from the living room, main bedroom and balcony. Panoramic view where you can practically see forever! Spacious rooms with beautiful tile flooring throughout. Washer and Dryer inside unit. .. see More.. Built in Wine Fridge, disposal, New Bosch Air Conditioner 2021. Both Balconies have Accordion Hurricane shutters. The palace is one of Miami's most iconic waterfront buildings by the famed architectural firm, Arquitectonica!! strategically located in brickell avenue with an easy walk to the financial district, brickell city center mary brickell village shops, citi-center mall, restaurants, banks, publix supermarket, 5 mins drive to wholefoods and much more. The building offers complimentary valet parking for your guests, 24 hrs. lobby concierge and gatehouse security, tennis courts, children's play room, exercise room, party room, large outdoor BBQ area and a relaxing pool area overlooking the bay.

Last Agent to Sell the Property

Michael Johnston

The Keyes Company Brokerage Phone: 561-577-0398 License #3342965 Listed on: 03/21/2023

The Keyes Company

Co-Listed By

Anthony Castelli

MMLS Assoc.-Inactive Member Brokerage Phone: 561-577-0398 License #3548674

Last Buyer's Agent

Beatriz Dangond

Compass Florida, LLC License #3320756

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,760

Year Built

  • Built in 1981

Lot Details

  • Northwest Facing Home

HOA Fees

  • $2,042 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Attached Carport
  • Assigned Parking

Property Views

Interior Spaces

  • 1,640 Sq Ft Home
  • Wet Bar
  • Furnished or left unfurnished upon request
  • Bar
  • Blinds
  • Combination Dining and Living Room
  • Marble Flooring

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bidet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Spa
  • Patio

Utilities

  • Central Heating and Cooling System
  • Municipal Trash
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 0141390380390

Community Details

Overview

  • Association fees include insurance, pest control, sewer, security, trash, water
  • The Palace Condo Subdivision
  • 40-Story Property

Amenities

  • Picnic Area
  • Clubhouse
  • Bike Room

Recreation

  • Tennis Courts

Security

  • Gated with Attendant
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,760

Year Built

Built in 1981

Lot Details

0 Sq Ft Lot

HOA Fees

$2,042 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Take exit 1A from I-95 S Use any lane to turn left onto SW 26th Rd Turn left onto Brickell Ave
  • Year Built: 1981
  • Carport Y N: Yes
  • New Construction: No
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Bidet, Breakfast Area, Living/Dining Room, Multiple Primary Suites, Split Bedrooms, Bar, Walk-In Closet(s)
  • Main Level Bedrooms: 2
  • Private Spa: Yes
  • Furnished: Negotiable
  • Spa Features: In Ground
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Marble
  • Living Area: 1640.0
  • Stories: 40
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Built-in Barbecue, Balcony, Barbecue, Lighting, Outdoor Living Area, Tennis Court(s)
  • View: Bay, City, Marina, Ocean, Pool
  • Pool Features: In Ground, Association
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Bayfront, Intracoastal Access, Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: Northwest
  • Other Structures: Cabana
  • Patio And Porch Features: Covered, Patio, Balcony
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Attached Carport, Assigned, Covered, Garage

Utilities

  • Laundry Features: Inside
  • Security: Gated with Guard, Gated Community, Lobby Secured
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank

Condo/Co-op/Association

  • Association Fee: 2042.0
  • Pets Allowed: No
  • Community Features: Gated, Property Manager On-Site
  • Senior Community: No
  • Amenities: Bike Storage, Clubhouse, Fitness Center, Picnic Area, Playground, Park, Pool, Trash
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Insurance, Pest Control, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 0141390380390
  • Mobile Dim Units: Feet
  • Zoning: 4603

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7759.8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2023
Closed on
Apr 26, 2023
Sold by
Castelli Anthony and Castelli Lea V
Bought by
Lopez Maria L and Donado Maria Cristina
Seller's Agent
Michael Johnston
The Keyes Company
Buyer's Agent
Beatriz Dangond
Compass Florida, LLC
List Price
$875,000
Sold Price
$825,000
Premium/Discount to List
-$50,000
-5.71%
Current Estimated Value
$840,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,526
Avg. Annual Appreciation
0.65%

Purchase Details

Listed on
Oct 1, 2012
Closed on
Mar 13, 2013
Sold by
Smalley Lizbeth
Bought by
Castelli Anthony and Castelli Lea
Seller's Agent
Melanie Hyer
Pro Estate Realty LLC
Buyer's Agent
Iman Ajlani
305 Luxe Realty, Inc.
List Price
$565,000
Sold Price
$470,000
Premium/Discount to List
-$95,000
-16.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.72%
Original Mortgage
$350,000
Interest Rate
2.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 9, 2002
Sold by
Eleanore H Gerhart I
Bought by
Gerhart Eleanore H Trust

Purchase Details

Closed on
Apr 28, 1995
Sold by
Gerhart Franklin W and Gerhart Eleanore H
Bought by
Gerhart Eleanore H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Date Buyer Sale Price Title Company
Lopez Maria L $825,000 None Listed On Document
Castelli Anthony $470,000 Attorney
Gerhart Eleanore H Trust -- --
Gerhart Eleanore H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castelli Anthony $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/26/2023 04/26/23 Sold $825,000 -5.7% $503 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
03/21/2023 03/21/23 For Sale $875,000 +86.2% $534 / Sq Ft
03/15/2013 03/15/13 Sold $470,000 -4.1% $287 / Sq Ft View Prior Sale
01/31/2013 01/31/13 Pending -- -- --
01/15/2013 01/15/13 Price Changed $490,000 -4.9% $299 / Sq Ft
12/10/2012 12/10/12 Price Changed $515,000 -2.8% $314 / Sq Ft
11/16/2012 11/16/12 Price Changed $529,900 -6.2% $323 / Sq Ft
10/04/2012 10/04/12 For Sale $565,000 -- $345 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

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 $12,615 $395,407 -- --
2024 $7,999 $671,460 -- --
2023 $7,999 $430,973 $0 $0
2022 $7,760 $418,421 $0 $0
2021 $7,744 $406,234 $0 $0
2020 $7,765 $406,234 $0 $0
2019 $7,783 $406,234 $0 $0
2018 $7,630 $406,234 $0 $0
2017 $8,271 $432,164 $0 $0
2016 $8,659 $438,367 $0 $0
2015 $8,758 $435,320 $0 $0
2014 $9,141 $403,070 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Johnston

    Seller's Agent in 2023

    Michael Johnston

    The Keyes Company

    (561) 577-0398

    1 in this area

    144 Total Sales

    Michael Johnston
    Section Image

  • A

    Seller Co-Listing Agent in 2023

    Anthony Castelli

    MMLS Assoc.-Inactive Member

    Section Image
  • Beatriz Dangond

    Buyer's Agent in 2023

    Beatriz Dangond

    Compass Florida, LLC

    (305) 764-8205

    3 in this area

    19 Total Sales

    Beatriz Dangond
    Section Image
  • Melanie Hyer

    Seller's Agent in 2013

    Melanie Hyer

    Pro Estate Realty LLC

    (305) 450-8882

    9 in this area

    140 Total Sales

    Melanie Hyer
    Section Image
  • Iman Ajlani

    Buyer's Agent in 2013

    Iman Ajlani

    305 Luxe Realty, Inc.

    (786) 554-9334

    12 in this area

    34 Total Sales

    Iman Ajlani
    Section Image
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About The Palace on Brickell Condo

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10875329

BeachesMLS (Greater Fort Lauderdale)

APN: 01-4139-038-0390

Florida Miami/Dade County Miami 33129 Brickell

1541 Brickell Ave Unit A702, Miami, FL

Not Listed for Sale

Condos

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