NOT LISTED FOR SALE

The Palace on Brickell Condo 1541 Brickell Ave Unit C506 Miami, FL 33129

Brickell Neighborhood

Estimated Value: $510,000 - $555,000

1 Bed
1.5 Baths
1,117 Sq Ft
$1,781/mo HOA Fee

Last Sold July 31, 2024

Last sale price $485,000 $434 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,906/month

159 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Tennis Courts
  • Ocean View
  • Heated Community Pool
  • Formal Dining Room

About This Home

As of July 2024

Nice oversized bay front unit 1117 SQFT( 1/1/1.5). Gorgeous views of Biscayne Bay 24/7.
Experience luxury living in this iconic Brickell building designed by the renowned Architectonica. Abundant closets space throughout the unit. En-suite bathroom & vanity, walk-in closet, high impact glass door formal dining area, living space ( 1117 SQFT) there is room for a den. Granite counter top in the kitchen, washer & dryer inside the unit. Enjoy watching gorgeous sunsets from balcony.
The Palace offers 5 stars amenities, include new pool, BBQ area, deck, tennis courts, children's play area, free valet parking, concierge, bike storage, shipping & receiving department, 24 hrs security state of the art gym and more. Don't miss this opportunity. Special Assessments for this unit are paid off

Last Agent to Sell the Property

Elizabeth Lima

BHHS EWM Realty License #3125096 Listed on: 02/22/2024

BHHS EWM Realty

Last Buyer's Agent

Arny Leckie

Fortune Christie's Intl R.E. License #3103751

Fortune Christie's Intl R.E.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,877

Year Built

  • Built in 1981

HOA Fees

  • $1,781 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Secured Garage or Parking

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,117 Sq Ft Home
  • Entrance Foyer
  • Formal Dining Room
  • Ceramic Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

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 01-41-39-038-1770

Community Details

Overview

  • 254 Units
  • High-Rise Condominium
  • The Palace Condo
  • The Palace Condo,The Palace Condo Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • Car Wash Area
  • 39-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Community Barbecue Grill
  • Secure Lobby
  • Bike Room

Recreation

  • Community Playground
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Secure Elevator
  • Impact Glass
  • High Impact Door
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,877

Year Built

Built in 1981

Lot Details

0

HOA Fees

$1,781 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: The Palace Condo,THe Palace Condo
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Fire Sprinklers, Entrance Foyer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1117
  • Possible Use: Unknown/Withheld
  • Stories: 39
  • Window Features: Impact Glass
  • Bedroom Features: Entry Level
  • Dining Room Features: Formal Dining
  • Master Bathroom Features: Shower Only

Exterior Features

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

Garage/Parking

  • Park Building Name: The Palace Condo
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Covered, Valet, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Washer/Dryer Hook-Up
  • Security: Fire Sprinklers, Doorman, Elevator Secure, Secured Garage/Parking, Guard At Site, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 1781
  • Amenities: Barbecue, Bike Storage, Child Play Area, Elevator(s), Exercise Room, Heated Pool, Pool, Spa/Hot Tub, Tennis Court(s), Vehicle Wash Area
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

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: 01-41-39-038-1770
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

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

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2877

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2024
Closed on
Jul 23, 2024
Sold by
Sabina Reyna
Bought by
Rafael Barcia Revocable Trust and Nelly Barcia Revocable Trust
Seller's Agent
Elizabeth Lima
BHHS EWM Realty
Buyer's Agent
Arny Leckie
Fortune Christie's Intl R.E.
List Price
$560,000
Sold Price
$485,000
Premium/Discount to List
-$75,000
-13.39%
Views
29
Current Estimated Value
$526,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,440
Avg. Annual Appreciation
8.37%

Purchase Details

Closed on
Sep 27, 2021
Sold by
Sabina Reyna
Bought by
Sabina Reyna and Sabina Jose L
Source: Public Records

Range of Values:

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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
Rafael Barcia Revocable Trust $485,000 None Listed On Document
Sabina Reyna -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sabina Reyna $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $485,000 -3.0% $434 / Sq Ft
05/10/2024 05/10/24 Price Changed $499,999 -9.1% $448 / Sq Ft
03/27/2024 03/27/24 Price Changed $550,000 -1.8% $492 / Sq Ft
02/22/2024 02/22/24 For Sale $560,000 -- $501 / 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
2025 $2,915 $383,940 -- --
2024 $2,877 $187,265 -- --
2023 $2,877 $181,811 $0 $0
2022 $2,773 $176,516 $0 $0
2021 $2,754 $171,375 $0 $0
2020 $2,713 $169,009 $0 $0
2019 $2,638 $165,210 $0 $0
2018 $2,517 $162,130 $0 $0
2017 $2,480 $158,796 $0 $0
2016 $2,486 $155,530 $0 $0
2015 $2,513 $154,449 $0 $0
2014 $2,540 $153,224 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Lima

    Seller's Agent in 2024

    Elizabeth Lima

    BHHS EWM Realty

    (786) 326-6324

    3 in this area

    11 Total Sales

    Section Image
  • Arny Leckie

    Buyer's Agent in 2024

    Arny Leckie

    Fortune Christie's Intl R.E.

    (305) 801-7989

    2 in this area

    8 Total Sales

    Section Image
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About The Palace on Brickell Condo

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11533662

MIAMI REALTORS® MLS

APN: 01-4139-038-1770

Florida Miami/Dade County Miami 33129 Brickell

1541 Brickell Ave Unit C506, Miami, FL

This home is located at 1541 Brickell Ave Unit C506, Miami, FL 33129 since 22 February 2024 and is currently estimated at $526,440, approximately $471 per square foot. This property was built in 1981. 1541 Brickell Ave Unit C506 is a home located in Miami-Dade County with nearby schools including Coral Way K-8 Center, Ponce de Leon Middle School, and Miami Senior High School.

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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