$1,247,500
SOLD MAY 5, 2025
2 Beds
2.5 Baths
1,495 Sq Ft
$2,648/mo HOA Fee

Recently Sold

$834 Per Sq Ft

4% Below List Price

68 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Community Pool
  • Ocean Front
  • Marble Flooring
  • Business Center

About This Home

As of May 2025

Spectacular water views from this one of a kind unit literally on the water. 2/2.5 fully remodeled, in the fabulous The Place at Brickell located in the quiet side of Brickell within steps of the dynamic urban Brickell. This very special unit has unprecedented scenic water views & an expansive terrace with no immediate neighbors. A magnificent place to enjoy Miami’s amazing waterfront world class lifestyle at its best. Marble floors, lots of built-in storage, oversized open kitchen & remodeled bathrooms. Full amenities bldg. Guard gated with 24 hour front desk attendance, spacious bayfront sparkling pool & jacuzzi, BBQ-recreational area, fitness center, lighted tennis courts, on site management, valet. Parking is near the elevator to unit’s entrance, no lengthy hallways. Easy to show.

Last Agent to Sell the Property

Maria Amancia Vial-Ducaud

BHHS EWM Realty License #3021081 Listed on: 02/26/2025

BHHS EWM Realty

Last Buyer's Agent

Monica Defortuna

Fortune Christie's International Real Estate License #3630357

Fortune Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,419

Year Built

  • Built in 1981 | Remodeled

Lot Details

  • East Facing Home

HOA Fees

  • $2,648 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Assigned Parking

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,495 Sq Ft Home
  • Built-In Features
  • Drapes & Rods
  • Blinds
  • Sliding Windows
  • Entrance Foyer
  • Combination Dining and Living Room
  • Marble Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Snack Bar or Counter
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Upstairs
  • Dual Sinks

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Seawall
  • Outdoor Grill

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 01-41-39-038-2540

Community Details

Overview

  • 254 Units
  • High-Rise Condominium
  • The Palace Condo
  • The Palace Condo Subdivision
  • 42-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Community Barbecue Grill
  • Trash Chute
  • Business Center
  • Community Center
  • Party Room
  • Elevator
  • Secure Lobby

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,419

Year Built

Built in 1981 | Remodeled

Lot Details

0

HOA Fees

$2,648 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Entry Level: 1
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Co-Op 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

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Fire Sprinklers, Entrance Foyer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: Foyer
  • Flooring: Marble
  • Furnished: Unfurnished, Furniture Negotiable
  • Living Area: 1495
  • Possible Use: Primary
  • Stories: 42
  • Window Features: Blinds, Drapes, Sliding
  • Bedroom Features: Primary Bedroom Upstairs
  • Dining Room Features: Dining/Living Room, Snack Bar/Counter
  • Master Bathroom Features: Dual Sinks

Exterior Features

  • View: Bay, Direct Ocean, Water View
  • Exterior Features: Barbeque, Open Balcony, Tennis Court(s)
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront Features: Ocean Front, Seawall
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: THE PALACE CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Doorman, Guard At Site, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 2648
  • Amenities: Barbecue, Business Center, Community Room, Elevator(s), Exercise Room, Exterior Lighting, Pool, Spa/Hot Tub, Tennis Court(s), Trash Chute
  • 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: 01-41-39-038-2540
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 254

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8419

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2025
Closed on
Apr 22, 2025
Sold by
Powell Collins and Powell Elizabeth
Bought by
Cuervo Ana M
Seller's Agent
Maria Amancia Vial-Ducaud
BHHS EWM Realty
Buyer's Agent
Monica Defortuna
Fortune Christie's International Real Estate
List Price
$1,295,000
Sold Price
$1,247,500
Premium/Discount to List
-$47,500
-3.67%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.66%
Original Mortgage
$747,500
Outstanding Balance
$746,184
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$512,112

Purchase Details

Closed on
Mar 30, 2012
Sold by
Great Florida Bank
Bought by
Powell Collins and Powell Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 2011
Sold by
Chawla Sundeep Baliram
Bought by
Great Florida Bank

Purchase Details

Closed on
Dec 6, 2010
Sold by
Chawla Sundeep Baliram
Bought by
The Palace Condominium Association Inc

Purchase Details

Closed on
Feb 3, 2005
Sold by
Topa Pedro Juvenal and Topa Dianne Maria
Bought by
Chawla Baliram and Chawla Swati

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,200
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
May 5, 1999
Sold by
Dewitte Kris De
Bought by
Rita Dianne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7%
Mortgage Type
New Conventional
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 $1,247,500 Real Property Title Group
Special Warranty Deed $425,000 Attorney
Trustee Deed $250,300 None Available
Trustee Deed -- None Available
Warranty Deed $481,000 Attorney
Warranty Deed $255,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $747,500 New Conventional
Previous Owner $250,000 New Conventional
Previous Owner $176,500 Credit Line Revolving
Previous Owner $176,500 Credit Line Revolving
Previous Owner $10,000 Credit Line Revolving
Previous Owner $363,200 Unknown
Previous Owner $250,000 Credit Line Revolving
Previous Owner $11,000 New Conventional
Previous Owner $155,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 Sold $1,247,500 -3.7% $834 / Sq Ft
02/26/2025 02/26/25 For Sale $1,295,000 -- $866 / 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 $8,419 $475,415 -- --
2024 $8,360 $462,017 -- --
2023 $8,360 $448,561 $0 $0
2022 $8,112 $435,497 $0 $0
2021 $8,096 $422,813 $0 $0
2020 $7,994 $416,976 $0 $0
2019 $7,812 $407,602 $0 $0
2018 $7,499 $400,002 $0 $0
2017 $7,415 $391,775 $0 $0
2016 $7,467 $383,717 $0 $0
2015 $7,551 $381,050 $0 $0
2014 $7,639 $378,026 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11751837

MIAMI REALTORS® MLS

APN: 01-4139-038-2540