$850,000
SOLD FEB 7, 2025
2 Beds
2 Baths
1,640 Sq Ft
$2,515/mo HOA Fee

Recently Sold

$518 Per Sq Ft

16% Below List Price

59 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Clubhouse
  • Furnished
  • Fitness Center
  • Marble Flooring
  • Heated Community Pool

About This Home

As of February 2025

Iconic building on Brickell by renowned Arquitectonica. Elevator leads to foyer shared by only 2 units. Flow-thru floor plan; views of Biscayne Bay, the Ocean and the Rickenbacker Causeway from the east and City Views from the west. 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 city views. Ceramic floors throughout. Building offers recently renovated amenities, 24 hours security, management on-site.

Last Agent to Sell the Property

Sofia Pagano

Cervera Real Estate Inc. License #3213595 Listed on: 11/15/2024

Cervera Real Estate Inc.

Co-Listed By

Alexandra Goeseke Cervera

Cervera Real Estate Inc. License #3197194

Last Buyer's Agent

Mateo Andresen

Brickell Brokers LLC License #3583499

Brickell Brokers LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,268

Year Built

  • Built in 1981

Lot Details

  • East Facing Home

HOA Fees

  • $2,515 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

Home Design

  • Concrete Block With Brick

Interior Spaces

  • 1,640 Sq Ft Home
  • Furnished
  • Built-In Features
  • Blinds
  • Entrance Foyer
  • Combination Dining and Living Room

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Shower Only

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

Additional Features

  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-39-038-2030

Community Details

Overview

  • High-Rise Condominium
  • The Palace Condos
  • The Palace Condo Subdivision
  • 40-Story Property

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Secure Lobby
  • Elevator

Recreation

  • Community Playground

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Secure Elevator
  • Complete Electric Power Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,268

Year Built

Built in 1981

Lot Details

0

HOA Fees

$2,515 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: CERN01
  • Co List Office Phone: 305-374-3434
  • Entry Level: 32
  • 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
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Lobby, First Floor Entry, Built-in Features, Entrance Foyer, Utility Room/Laundry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Foyer
  • Flooring: Ceramic Floor, Marble
  • Furnished: Furnished, Unfurnished
  • Living Area: 1640
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Stories: 40
  • Window Features: Complete Electric Power Shutters, Blinds
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Utility Room/Laundry
  • Master Bathroom Features: Bidet, Dual Sinks, Shower Only

Exterior Features

  • View: Bay, Skyline, Water View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: Concrete Block With Brick
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: The Palace
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Elevator Secure, Guard At Site, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 2515
  • Amenities: Barbecue, Child Play Area, Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Other, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-39-038-2030
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8268

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2024
Closed on
Feb 7, 2025
Sold by
Halpert David
Bought by
Franck Paul
Seller's Agent
Sofia Pagano
Cervera Real Estate Inc.
Buyer's Agent
Mateo Andresen
Brickell Brokers LLC
List Price
$1,010,000
Sold Price
$850,000
Premium/Discount to List
-$160,000
-15.84%
Total Days on Market
59
Views
31
Current Estimated Value
$867,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,660
Avg. Annual Appreciation
5.88%

Purchase Details

Listed on
Oct 31, 2022
Closed on
Apr 14, 2023
Sold by
Sansores Rottenberg and Sansores Estefania
Bought by
Halpert David
Seller's Agent
Alexandra Goeseke Cervera
Cervera Real Estate Inc.
Buyer's Agent
Alexandra Goeseke Cervera
Cervera Real Estate Inc.
List Price
$1,299,000
Sold Price
$1,125,000
Premium/Discount to List
-$174,000
-13.39%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.35%

Purchase Details

Closed on
Oct 4, 2011
Sold by
Torroella Georgina H
Bought by
Rottenberg Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,750
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2004
Sold by
Torroella Georgina H and Torroella Juan A
Bought by
Torroella Juan A and Torroella Georgina H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 1999
Sold by
Westmark Mortgage Corp
Bought by
Torroella Georgina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
7.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 1999
Sold by
Arvanitopoulos Nikolas L
Bought by
Westmark Mortgage Corp

Purchase Details

Closed on
Aug 19, 1994
Sold by
Nosti Luis Jose
Bought by
Arvanitopoulos Nikolas L
Source: Public Records

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Range of Values:

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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 $850,000 None Listed On Document
Warranty Deed $850,000 None Listed On Document
Warranty Deed $1,125,000 None Listed On Document
Warranty Deed $385,000 Attorney
Interfamily Deed Transfer $209,600 Union Title Services Inc
Warranty Deed $265,000 --
Deed $289,000 --
Warranty Deed $275,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $417,000 New Conventional
Previous Owner $288,750 New Conventional
Previous Owner $220,000 New Conventional
Previous Owner $238,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2025 02/07/25 Sold $850,000 -5.0% $518 / Sq Ft
01/13/2025 01/13/25 Pending -- -- --
12/30/2024 12/30/24 Price Changed $895,000 -8.7% $546 / Sq Ft
12/05/2024 12/05/24 Price Changed $980,000 -3.0% $598 / Sq Ft
11/15/2024 11/15/24 For Sale $1,010,000 -10.2% $616 / Sq Ft
04/19/2023 04/19/23 Sold $1,125,000 -9.9% $686 / Sq Ft
04/04/2023 04/04/23 Pending -- -- --
12/29/2022 12/29/22 Price Changed $1,249,000 -3.8% $762 / Sq Ft
10/31/2022 10/31/22 For Sale $1,299,000 -- $792 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

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
2024 $8,612 $852,144 -- --
2023 $8,612 $460,823 $0 $0
2022 $8,357 $447,401 $0 $0
2021 $8,342 $434,370 $0 $0
2020 $8,237 $428,373 $0 $0
2019 $8,050 $418,742 $0 $0
2018 $7,728 $410,935 $0 $0
2017 $7,642 $402,483 $0 $0
2016 $7,696 $394,205 $0 $0
2015 $7,783 $391,465 $0 $0
2014 $7,873 $388,359 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11666343

MIAMI REALTORS® MLS

APN: 01-4139-038-2030