$825,000
SOLD MAR 31, 2026
2 Beds
2 Baths
1,697 Sq Ft
1981 Built

Sale Details

Date Sold: March 31, 2026

$486 Per Sq Ft

6% Below List Price

113 Days on Market

Highlights

  • Doorman
  • Property has ocean access
  • Fitness Center
  • Ocean View
  • Property fronts an intracoastal waterway
  • Clubhouse

About This Home

As of March 2026

Comes with two Assigned Parkings, Private Elevator, Only two Apartments per floor! Rare corner residence at The Palace, designed by Arquitectonica, offering unobstructed Bay, Ocean, and Brickell skyline views from every major room. This 1,697 SF home lives larger than recorded thanks to an enclosed balcony that expands the interior footprint. Features include double storm- and sound-proof balcony doors, a bright flow-through layout, and a private two-units-per-floor elevator hall. Enjoy 270 exposures with sunrise and sunset views and a well-proportioned primary suite overlooking the water. The Palace is a full-service Brickell waterfront building with 24-hour concierge, valet, tennis courts, a fitness center, pool, and direct bayfront access. Prime Brickell Avenue location - minutes to Brickell City Centre, Mary Brickell Village, Key Biscayne, and Coconut Grove. A rare opportunity to own one of the best view lines in the building.

Last Agent to Sell the Property

Alexandru Borovic

Compass Florida, LLC License #3546349 Listed on: 12/08/2025

Compass Florida, LLC

Co-Listed By

Milton Andrade

Compass Florida, LLC License #3031564

Last Buyer's Agent

Jo Ann Mathison

Charles Rutenberg Realty FTL License #3053455

Charles Rutenberg Realty FTL

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,076

Year Built

  • Built in 1981

Lot Details

  • End Unit

HOA Fees

  • $2,327 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Secured Garage or Parking

Property Views

Home Design

  • Entry on the 27th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,697 Sq Ft Home
  • Family Room
  • Combination Dining and Living Room
  • Den
  • Security Fence, Lighting or Alarms

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Parquet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry in Utility Room
  • Dryer

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Entrance

Outdoor Features

  • Property has ocean access

Location

  • East of U.S. Route 1

Schools

  • Coral Way Elementary School
  • Ponce De Leon Middle School
  • Miami Senior High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 01-41-39-038-1630

Community Details

Overview

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

Amenities

  • Doorman
  • Clubhouse
  • Business Center
  • Secure Lobby

Recreation

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • Secure Elevator
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,076

Year Built

Built in 1981

Lot Details

0 Sq Ft Lot

HOA Fees

$2,327 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Co List Office Mls Id: COMP01
  • Co List Office Phone: 305-851-2820
  • Entry Level: 27
  • 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: Effective Year Built
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • LastStatus: Active With Contract
  • CurrentPrice: 825000
  • InternetRemarks: Corner unit, panoramic views, Has two assigned Parkings, Private Elevator, Only two Apartments per floor!
  • ShowingTimeFlag: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave
  • Interior Amenities: Closet Cabinetry, Elevator, Walk-In Closet(s), Den/Library/Office, Family Room, Utility Room/Laundry
  • Accessibility Features: Accessible Elevator Installed, Accessible Entrance
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor, Marble, Parquet, Tile
  • Furnished: Unfurnished
  • Living Area: 1697
  • Other Equipment: Elevator
  • Possible Use: Primary
  • Stories: 40
  • Bedroom Features: Primary Bath Shower
  • Dining Room Features: Breakfast Area, Dining/Living Room, Eat-In Kitchen
  • Living Room Features: Den/Library/Office, Family Room, Utility Room/Laundry

Exterior Features

  • View: Bay, Intracoastal View, Ocean View, Tennis Court View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Intracoastal Front, Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: THE PALACE
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Doorman, Elevator Secure, Card Entry, Secured Garage/Parking, Grillwork, Lobby Secured, Unit Alarm

Condo/Co-op/Association

  • Association Fee: 2327
  • Amenities: Business Center, Clubhouse-Clubroom, Exercise Room, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Coral Way
  • High School: Miami Senior
  • Middle Or Junior School: Ponce De Leon

Lot Info

  • Parcel Number: 01-41-39-038-1630

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 14076

Multi Family

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

Matterport 3D Tour

Floorplan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2025
Closed on
Mar 31, 2026
Sold by
Alvarado Jorge
Bought by
Malave Ana
Seller's Agent
Alexandru Borovic
Compass Florida, LLC
Buyer's Agent
Jo Ann Mathison
Charles Rutenberg Realty FTL
List Price
$875,000
Sold Price
$825,000
Premium/Discount to List
-$50,000
-5.71%
Views
93

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.35%
Original Mortgage
$701,250
Outstanding Balance
$700,549
Interest Rate
5.98%
Mortgage Type
New Conventional
Estimated Equity
$152,894

Purchase Details

Closed on
Nov 28, 2012
Sold by
Alvarado Jorge
Bought by
Alvarado Jorge E

Purchase Details

Closed on
Mar 25, 1997
Sold by
Golden 27 Inc
Bought by
Kybal Dalimil and Kybal Elisa A
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $825,000 Lg Title & Escrow Llc
Interfamily Deed Transfer -- Attorney
Warranty Deed $290,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $701,250 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2026 03/31/26 Sold $825,000 -2.8% $486 / Sq Ft
01/16/2026 01/16/26 Price Changed $849,000 -3.0% $500 / Sq Ft
12/08/2025 12/08/25 For Sale $875,000 -- $516 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $14,938 $704,240 -- --
2024 $15,054 $704,947 -- --
2023 $15,054 $640,861 $0 $0
2022 $12,359 $582,601 $0 $0
2021 $11,253 $529,638 $0 $0
2020 $11,280 $529,638 $0 $0
2019 $11,306 $529,638 $0 $0
2018 $11,093 $529,638 $0 $0
2017 $11,936 $563,445 $0 $0
2016 $12,156 $522,963 $0 $0
2015 $11,272 $475,421 $0 $0
2014 $10,546 $432,201 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11923202

MIAMI REALTORS® MLS

APN: 01-4139-038-1630

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