NOT LISTED FOR SALE

The Palace on Brickell Condo 1541 Brickell Ave Unit C1108 Miami, FL 33129

Brickell Neighborhood

Estimated Value: $1,139,020

3 Beds
2.5 Baths
1,869 Sq Ft
1981 Built

Sale Details

Date Sold: June 1, 2023

Last sale price $1,250,000 $669 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $9,944 / mo

70 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Community Pool
  • Property Fronts a Bay or Harbor
  • Marble Flooring
  • Tennis Courts

About This Home

As of June 2023

Rarely available 3 bedrooms, 2 .5 baths with an expansive terrace facing directly to the bay at The Palace Condominium. New impact windows and impact sliding doors already installed.
The Palace Condo is professionally managed and strategically located in Brickell Avenue with an easy walk to the Financial District, Brickell City Center and all area restaurants and entertainment venues.
Complimentary valet parking for your guests, 24 hrs lobby concierge and gatehouse security, tennis courts, children's play room, exercise room, party room, barbecue area and a relaxing pool area by the bay. Sale includes (2) assigned parking spaces # 1007 & # 1070

Last Agent to Sell the Property

Solveig Ingrid del Valle

Edge 1 Realty License #0603879 Listed on: 03/16/2023

Co-Listed By

Nicholas Ramirez

Edge 1 Realty License #3331957

Last Buyer's Agent

Justen Alias

Compass Florida, LLC License #3406678

Compass Florida, LLC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,783

Year Built

  • Built in 1981

HOA Fees

  • $2,364 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Assigned Parking

Property Views

Home Design

  • Entry on the 11th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,869 Sq Ft Home
  • Built-In Features
  • Sliding Windows
  • Entrance Foyer
  • Combination Dining and Living Room
  • Marble Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms

Home Security

Additional Features

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-39-038-2320

Community Details

Overview

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

Amenities

  • Doorman
  • Community Barbecue Grill
  • Trash Chute
  • Community Center
  • Party Room
  • Elevator
  • Secure Lobby
  • Bike Room

Recreation

  • Community Playground
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,783

Year Built

Built in 1981

Lot Details

0 Sq Ft Lot

HOA Fees

$2,364 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: EDGY01
  • Co List Office Phone: 305-915-5836
  • Entry Level: 11
  • 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

  • Interior Amenities: Built-in Features, Entrance Foyer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 1869
  • Possible Use: Primary
  • Stories: 40
  • Window Features: Complete Impact Glass, High Impact Windows, Impact Glass, Sliding
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room

Exterior Features

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

Garage/Parking

  • Park Building Name: The Palace Condo
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Covered

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Doorman, Guard At Site, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 2364
  • Amenities: Bike Storage, Barbecue, Community Room, Elevator(s), Exercise Room, Child Play Area, Pool, Spa/Hot Tub, Tennis Court(s), Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-39-038-2320
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 11783

Multi Family

  • Number Of Units In Community: 254
  • Number Of Units Total: 254

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
Mar 16, 2023
Closed on
Jun 1, 2023
Sold by
Bought by
Seller's Agent
Solveig Ingrid del Valle
Edge 1 Realty
Buyer's Agent
Justen Alias
Compass Florida, LLC
List Price
$1,600,000
Sold Price
$1,250,000
Premium/Discount to List
-$350,000
-21.88%
Views
32
Current Estimated Value
$1,139,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$110,980
Avg. Annual Appreciation
-2.88%

Purchase Details

Listed on
Jul 4, 2018
Closed on
Feb 10, 2020
Sold by
Bought by
Seller's Agent
Alex Tupacyupanqui
MMLS Assoc.-Inactive Member
Buyer's Agent
Solveig Ingrid del Valle
Edge 1 Realty
List Price
$895,000
Sold Price
$800,000
Premium/Discount to List
-$95,000
-10.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.43%
Original Mortgage
$532,000
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 11, 2016
Closed on
Oct 28, 2016
Sold by
Bought by
Seller's Agent
Manuel Iraola
Homekeys
Buyer's Agent
Alex Tupacyupanqui
MMLS Assoc.-Inactive Member
List Price
$834,900
Sold Price
$680,000
Premium/Discount to List
-$154,900
-18.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.06%
Original Mortgage
$408,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 29, 2003
Sold by
Bought by

Purchase Details

Closed on
Jul 6, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Brickell, FL

  • Ana Ordaz Real Estate Agent - One Sotheby's International Realty

    Ana Ordaz

    Responds Quickly

    One Sotheby's International Realty

    (786) 526-0831

    68 Total Sales

    1 in Brickell

    $282,000 Price

    Ana Ordaz
     Section Image
  • Liliana Reeves, P.A Real Estate Agent - Coldwell Banker Realty

    Liliana Reeves, P.A

    Coldwell Banker Realty

    (786) 422-5390

    27 Total Sales

    1 in Brickell

    $340,000 Price

    Liliana Reeves, P.A
     Section Image
  • Carlo Ortiz Real Estate Agent - Xcellence

    Carlo Ortiz

    Xcellence

    (877) 840-4740

    40 Total Sales

    23 in Brickell

    $345K - $1.9M Price Range

    Carlo Ortiz
     Section Image
  • Daniel Oquendo Real Estate Agent - Oquendo Level Realty LLC

    Daniel Oquendo

    Oquendo Level Realty LLC

    (786) 882-7137

    38 Total Sales

    3 in Brickell

    $405K - $550K Price Range

    Daniel Oquendo
     Section Image
  • Ulvi Mammadov Real Estate Agent - Big Wave Realty LLC

    Ulvi Mammadov

    Big Wave Realty LLC

    (754) 354-4524

    79 Total Sales

    1 in Brickell

    $435,000 Price

    Ulvi Mammadov
     Section Image
  • Alexandra Sierra Real Estate Agent - Compass Florida, LLC

    Alexandra Sierra

    Compass Florida, LLC

    (786) 418-3917

    112 Total Sales

    17 in Brickell

    $300K - $1.8M Price Range

    Alexandra Sierra
     Section Image
See All Agents

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
$1,250,000 None Listed On Document
$800,000 Attorney
$680,000 Attorney
$440,000 --
$325,000 --
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
Previous Owner $532,000
Previous Owner $408,000
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
06/01/2023 06/01/23 Sold $1,250,000 -21.9% $669 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
03/16/2023 03/16/23 For Sale $1,600,000 +100.0% $856 / Sq Ft
02/10/2020 02/10/20 Sold $800,000 -3.0% $428 / Sq Ft View Prior Sale
01/13/2020 01/13/20 Pending -- -- --
10/17/2019 10/17/19 Price Changed $825,000 -2.9% $441 / Sq Ft
10/09/2019 10/09/19 Price Changed $850,000 -2.9% $455 / Sq Ft
10/03/2019 10/03/19 Price Changed $875,000 -2.2% $468 / Sq Ft
07/05/2019 07/05/19 For Sale $895,000 +11.9% $479 / Sq Ft
07/03/2019 07/03/19 Off Market $800,000 -- --
05/16/2019 05/16/19 Price Changed $895,000 -10.1% $479 / Sq Ft
07/23/2018 07/23/18 Price Changed $995,000 -13.5% $532 / Sq Ft
07/03/2018 07/03/18 For Sale $1,150,000 +69.1% $615 / Sq Ft
10/28/2016 10/28/16 Sold $680,000 -14.9% $364 / Sq Ft View Prior Sale
08/14/2016 08/14/16 Pending -- -- --
04/07/2016 04/07/16 Price Changed $799,000 -4.3% $428 / Sq Ft
03/22/2016 03/22/16 Price Changed $834,900 0.0% $447 / Sq Ft
03/22/2016 03/22/16 For Sale $834,900 0.0% $447 / Sq Ft
03/04/2016 03/04/16 Pending -- -- --
01/11/2016 01/11/16 For Sale $835,000 -- $447 / 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 $15,832 $834,250
2024 $14,028 $834,250
2023 $14,028 $610,996 $0 $0
2022 $11,783 $555,451 $0 $0
2021 $10,729 $504,956 $0 $0
2020 $10,755 $504,956 $0 $0
2019 $10,779 $504,956 $0 $0
2018 $10,577 $504,956 $0 $0
2017 $11,380 $537,187 $0 $0
2016 $12,953 $557,249 $0 $0
2015 $12,011 $506,590 $0 $0
2014 $11,237 $460,537 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Ramirez Real Estate Agent - Edge 1 Realty

    Seller Co-Listing Agent in 2023

    Nicholas Ramirez

    Edge 1 Realty

    (305) 915-5836

    6 in this area

    52 Total Sales

    Nicholas Ramirez
    Section Image
  • Justen Alias Real Estate Agent - Compass Florida, LLC

    Buyer's Agent in 2023

    Justen Alias

    Compass Florida, LLC

    (248) 730-5411

    5 in this area

    27 Total Sales

    Justen Alias
    Section Image

  • A

    Seller's Agent in 2020

    Alex Tupacyupanqui

    MMLS Assoc.-Inactive Member

    Section Image

  • M

    Seller's Agent in 2016

    Manuel Iraola

    Homekeys

    (305) 282-5000

    Manuel Iraola
    Section Image
See All Agents

About The Palace on Brickell Condo

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11357978

MIAMI REALTORS® MLS

APN: 01-4139-038-2320

Florida Miami/Dade County Miami 33129 Brickell

1541 Brickell Ave Unit C1108, 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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.