$1,250,000
SOLD MAY 8, 2025
2 Beds
2.5 Baths
1,630 Sq Ft
$2,780/mo HOA Fee

Recently Sold

$767 Per Sq Ft

10% Below List Price

70 Days on Market

Highlights

  • Property has ocean access
  • Gated with Attendant
  • Waterfront
  • Fitness Center
  • Bay View
  • Clubhouse

About This Home

As of May 2025

Panoramic water views greet you from the moment you step inside this elegant waterfront retreat. Floor-to-ceiling sliders and windows spanning the entire width of the property make the views fully immersive. Featuring 2 bedrooms, 2.5 baths and located in The Palace; a landmark building in Brickell. Each bedroom has floor-to-ceiling sliders extending to a second patio providing tranquil water views. Garage parking is mere steps from the unit front door. You walk straight from the parking garage to your front door. No elevator or long hallways. This is one of those truly unique properties where photographs don't do the property justice. Must see in person to fully appreciate the serene experience.

Last Agent to Sell the Property

Scott Jester

United Realty Consultants License #3338993 Listed on: 02/27/2025

Co-Listed By

Torey Burke

United Realty Consultants License #3440174

Last Buyer's Agent

Maria Parra Loughlin

Compass Florida, LLC License #3292810

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,559

Year Built

  • Built in 1981

Lot Details

HOA Fees

  • $2,780 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit
  • Assigned Parking

Interior Spaces

  • 1,630 Sq Ft Home
  • Combination Dining and Living Room
  • Tile Flooring

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $2,000
  • Assessor Parcel Number 01-41-39-038-2480
  • Seller Considering Concessions

Community Details

Overview

  • Association fees include management, cable TV, insurance, legal/accounting, maintenance structure, parking, pest control, reserve fund, security, water
  • 272 Units
  • The Palace Subdivision
  • 42-Story Property

Amenities

  • Clubhouse
  • Elevator
  • Bike Room

Recreation

  • Park

Security

  • Gated with Attendant
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,559

Year Built

Built in 1981

Lot Details

0

HOA Fees

$2,780 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Brickell Ave, just south of SE 15th Rd.
  • Year Built: 1981
  • Entry Level: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Closet Cabinetry, Living/Dining Room
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Tile
  • Living Area: 1630.0
  • Dining Room Type: Laundry
  • Stories: 42

Exterior Features

  • Exterior Features: Patio
  • View: Bay
  • Pool Features: None
  • View: Yes
  • Waterfront Features: Bayfront, No Fixed Bridges, Ocean Access
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Garage, Two or More Spaces

Utilities

  • Security: Gated with Guard
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 2780.0
  • Community Features: Gated, Park, Property Manager On-Site, Tennis Court(s)
  • Senior Community: No
  • Amenities: Bike Storage, Clubhouse, Fitness Center, Management, Tennis Court(s), Elevator(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Insurance, Legal/Accounting, Maintenance Structure, Parking, Pest Control, Reserve Fund, Security, Water

Lot Info

  • Parcel #: 01-41-39-038-2480
  • Lot Size: 5 to <10 Acres,East of U
  • Zoning Description: 4603-Mul

Rental Info

  • Security Deposit: 2000.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8559.0

Multi Family

  • Number Of Units In Community: 272

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2025
Closed on
May 6, 2025
Sold by
Imber Family Trust and Imber Sally Hess
Bought by
Cosentino Richard and Sorkowitz Ann
Seller's Agent
Scott Jester
United Realty Consultants
Buyer's Agent
Maria Parra Loughlin
Compass Florida, LLC
List Price
$1,395,000
Sold Price
$1,250,000
Premium/Discount to List
-$145,000
-10.39%
Views
9
Current Estimated Value
$1,260,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,901
Avg. Annual Appreciation
2.59%
Original Mortgage
$1,000,000
Outstanding Balance
$998,236
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$262,665

Purchase Details

Closed on
Jul 25, 2016
Sold by
Imber Lawrence R and Hess Imber Sally
Bought by
Imber Lawrence R and Hess Imber Sally

Purchase Details

Closed on
Jul 8, 2003
Sold by
Imber Lawrence R and Hess Imber Sally
Bought by
Imber Lawrence R and Hess Imber Sally

Purchase Details

Closed on
Mar 11, 2003
Sold by
Steinfurth Paul R
Bought by
Imber Lawrence R

Purchase Details

Closed on
Jul 17, 2000
Sold by
Munoz Michelle
Bought by
Steinfurth Paul R
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 $1,250,000 Producers Title
Warranty Deed $1,250,000 Producers Title
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- --
Warranty Deed $415,000 --
Warranty Deed $270,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,000,000 New Conventional
Closed $1,000,000 New Conventional
Previous Owner $306,000 New Conventional
Previous Owner $150,000 Credit Line Revolving
Previous Owner $260,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2025 05/08/25 Sold $1,250,000 -10.4% $767 / Sq Ft
02/27/2025 02/27/25 For Sale $1,395,000 -- $856 / Sq Ft
Source: BeachesMLS

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 $8,559 $482,599 -- --
2024 $8,500 $468,999 -- --
2023 $8,500 $455,339 $0 $0
2022 $8,247 $442,077 $0 $0
2021 $8,232 $429,201 $0 $0
2020 $8,128 $423,276 $0 $0
2019 $7,944 $413,760 $0 $0
2018 $7,626 $406,046 $0 $0
2017 $7,541 $397,695 $0 $0
2016 $7,593 $389,516 $0 $0
2015 $7,679 $386,809 $0 $0
2014 $7,768 $383,740 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R11066407

BeachesMLS

APN: 01-4139-038-2480