Own Brickell

Palace

1541 Brickell Ave · Built 1981 · 42 floors · 289 residences

5 for sale
For sale
5
0 pending · 7.5 mo supply
Median asking
$997K
from $75K
Median $/sqft
$619/sqft
$494/sqft sold, 12 mo
Days on market
30
69 to sell · 8 in 12 mo

4 of 5 are priced $450K+ and browsable on own.miami; the stats above cover every unit for sale.

Palace
Daniel Christensen · CC BY-SA 3.0 · Wikimedia Commons

Located in the heart of Brickell, The Palace is a premier waterfront residence offering expansive views of Biscayne Bay and the Miami skyline. The building is situated in a lush area featuring mature trees and meticulous landscaping, providing a serene atmosphere while remaining just steps from the urban pulse of Brickell City Centre, dining, and shopping.

Designed by the renowned firm Arquitectonica, the building features a variety of floor plans, including corner residences and a unique townhouse-style layout. The property offers a full-service lifestyle with a variety of resort-style amenities, including a bayfront pool, a fitness center, and lighted tennis courts. Residents have access to a variety of common areas such as a children's playroom, a BBQ pavilion, and a party room.

Live near more of Miami

What surrounds Palace: seasonal events, annual programs and lifestyle indexes, measured from the building.

Distances are straight-line, not walking or driving.

Getting around

Brickell is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:

MetromoverMetrorail (Brickell)Brickell City CentreMary Brickell VillageSimpson ParkThe UnderlineBrickell Key
60
/ 100
B
own.miami Score

A data-grounded score for Palace from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.

Value58
$619/sqft — vs. Miami condos
Momentum27
-6.2% $/sqft over 6 months
Liquidity76
7.5 months of supply · 30 days on market
Health80
1 verified record: Recertification not approved (2021 cycle)
Waterfront90
Waterfront building
Age2
Built 1981
own.miami Condo Index
86100 = the median Miami condo, by price and liquidity.
Rank
#366 of 597 tracked Miami condos
Top 61% by price & liquidity
#41 of 74 in Brickell
Momentum
↓ Cooling
$619/sqft median ask
Liquidity
Hot
See the full Condo Index →

The stacks

5 lines · modeled from 25 sales

Condos repeat vertically — each “line” is a stack of near-identical units up the tower. We reconstruct Palace’s lines from its sale history: the floorplan, the view, and how $/sqft climbs with the floor. The best value is the -04 line.

LineLayoutSizeView$/sqftSales
-012 bd · 2 ba1,697 sqftBayWaterfront$516/sqft5
-022 bd · 2 ba1,640 sqftBayWaterfront$488/sqft4
-032 bd · 2 ba1,640 sqftBayWaterfront$470/sqft2
-04Best value2 bd · 2 ba1,640 sqftBayWaterfront$463/sqft6
-052 bd · 2 ba1,697 sqftBayWaterfront$500/sqft4

Modeled from Palace’s past listings and sales — a guide to the building’s layouts and floor premiums, not an official floor plan. “Per floor” is the average $/sqft change per floor up the stack.

What’s a unit here worth?

Pick a line and a floor — we estimate the value from Palace’s own sales history.

Estimated value
$711,000
$601,000$821,000 · $434/sqft
High confidence · 6 sales

Estimate only — not an appraisal. It reflects the line and floor, not a specific unit’s condition, renovations or view obstructions.

Want the inside track on Palace?

Get new listings here before the portals, and a straight answer from someone who knows the building.

Inventory

Sold $/sqft trend

3-month rolling median of closed sales in Palace; bars are closings per month.

$323$507$692Aug 2024Dec 2024Apr 2025Aug 2025Jan 2026Jun 2026

Location

Nearby buildings within half a mile.

Building facts

Address
1541 Brickell Ave
Year built
1981
Floors
42
Residences
289
Waterfront
Yes

Amenities

  • · Pool
  • · Spa
  • · Fitness center
  • · Tennis
  • · Valet
  • · Concierge
  • · Security
  • · Party/social room
  • · Kids' playroom
  • · BBQ area
  • · Bike storage
  • · Shipping & receiving

Building rules

Parking
The building offers valet parking and assigned parking spaces, with some units featuring multiple assigned spaces located near the elevators.

Special assessments & recertification outlook

Elevated

Verified records

  • City of Miami records: the 2021 recertification is not yet approved
  • Built 1981 — a recurring structural milestone inspection is due around 2026

Estimated from Palace’s age and signals in active listings — not an official inspection or reserve report. Always verify the building’s milestone-inspection status and reserves with the association before buying.

Frequently asked

How much do condos at Palace cost?+

There are 5 condos for sale at Palace, from $75,000, with a median asking price of $997,000 ($619/sqft).

Is Palace a good time to buy?+

Palace currently has about 7.5 months of supply — a balanced pace.

How much are the HOA fees at Palace?+

HOA / maintenance fees at Palace run around $2,342 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

Is Palace a waterfront building?+

Yes — Palace is a waterfront building (Brickell).

When was Palace built?+

Palace was built in 1981, 42 stories, 289 residences.

Stay ahead
Interested in Palace?

We track every listing here, every day. Get the next one before it hits the portals — and a straight answer from someone who knows the building.

See all available units

If you like Palace, compare

Embed this building

Add a live Own Miami card to your site or blog — it updates automatically. See all widget options →

<iframe src="https://own.miami/embed/building/palace" width="440" height="230" style="border:0;max-width:100%" loading="lazy" title="Own Miami building card"></iframe>