Miami Art Week 2026Upcoming
0 exhibitions within 1 mile
Art Week Score 12 · #66 in Brickell
#66 in Brickell · #404 in Miami
Nearest: Beyond Time: Antonia Eiriz, Juan Sánchez, and Pedro Vizcaíno, 1.6 mi away
For sale
5
1 pending · 7.5 mo supply
Median asking
$997K
from $50K
Median $/sqft
$619/sqft
$494/sqft sold, 12 mo
Days on market
37
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.
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.
Flanigan's IndexLive now21 / 100
Nearest Flanigan's: Flanigan's Seafood Bar and Grill (Coconut Grove), 3.2 mi
#32 in Brickell · #411 in Miami
Room for improvement.
1 Flanigan's locations nearby
Publix IndexLive now
67 / 100
Nearest Publix: Publix at Publix at Brickell Village, 0.4 mi
#53 in Brickell · #174 in Miami
A five-minute walk to the deli counter.
3 Publix stores nearby
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
55
/ 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.
Value36
$619/sqft — vs. Brickell condos, then all of Miami
Momentum44
-1.6% $/sqft over 6 months
Liquidity70
7.5 months of supply · 37 days on market
Health68
2 verified records: Recertification not approved (2021 cycle)
Waterfront90
Waterfront building
Age16
Built 1981 — vs. Brickell buildings
own.miami Condo Index
83Value100 = the median Miami condo building's price per sq ft; 200 = twice it.
Rank
#492 of 698 tracked Miami condos
Top 70% by price per sq ft
#55 of 79 in Brickell
Momentum
→ Steady
$619/sqft median ask
Liquidity
Warm
The stacks
7 lines · modeled from 31 salesCondos 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 -03 line.
| Line | Layout | Size | View | $/sqft | Per floor | Low→high floor | Sales |
|---|---|---|---|---|---|---|---|
| -01 | 2 bd · 2 ba | 1,697 sqft | BayWaterfront | $530/sqft | $-5 | $645/sqft → $474/sqft | 6 |
| -02 | 2 bd · 2 ba | 1,640 sqft | BayWaterfront | $495/sqft | +$1 | $501/sqft → $524/sqft | 5 |
| -03Best value | 2 bd · 2 ba | 1,640 sqft | BayWaterfront | $470/sqft | — | — | 2 |
| -04 | 2 bd · 2 ba | 1,640 sqft | BayWaterfront | $476/sqft | +$5 | $418/sqft → $587/sqft | 7 |
| -05 | 2 bd · 2 ba | 1,697 sqft | BayWaterfront | $500/sqft | +$7 | $419/sqft → $520/sqft | 4 |
| -06 | 2 bd · 2 ba | 1,640 sqft | BayWaterfront | $550/sqft | — | — | 3 |
| -08 | 3 bd · 2.5 ba | 1,869 sqft | BayWaterfront | $669/sqft | — | — | 3 |
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
$770,000
$601,000–$939,000 · $470/sqft
Rough estimate · 2 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
$1,015,000$619/sqft
2 bd · 2 ba · 1,640 sqft
1541 Brickell Ave #B3403
Listing courtesy of The Elaine Group, Inc., Yenysis Perez (Lic. #3443838) · MLS #A12083232
$997,000$608/sqft
2 bd · 2 ba · 1,640 sqft
1541 Brickell Ave #A-1902
Listing courtesy of The Elaine Group, Inc., Yenysis Perez (Lic. #3443838) · MLS #A12058449
$1,399,000$670/sqft
3 bd · 2.5 ba · 2,089 sqft
1541 Brickell Ave #C1607
Listing courtesy of Coldwell Banker Realty, Mariana Garber (Lic. #3254959) · MLS #A12023744
$575,000$515/sqft
1 bd · 2 ba · 1,117 sqft
1541 Brickell Ave #C406
Listing courtesy of Barnes International Realty, LLC, Lisandra Martinez (Lic. #3427711) · MLS #A11916568
Sold $/sqft trend
3-month rolling median of closed sales in Palace; bars are closings per month.
Location
Nearby buildings within half a mile.
Building facts
- Address
- 1541 Brickell Ave
- Year built
- 1981
- Floors
- 42
- Residences
- 289
- Developer
- Helmsley Enterprises
- 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
ElevatedPublic records checked Oct 30, 2026 (Miami-Dade Clerk, civil docket, Florida DBPR).
Verified records
- PositiveBank financingOct 31, 2026
Regulated lenders recorded 5 purchase or refinance loans on this building in the last 12 months, financing 30% of its recorded sales, and accepted a down payment as low as 15%. A bank writing a condominium loan has just checked the building's reserves, insurance, litigation and owner-occupancy against its own standards — verified due diligence, read from the public record. Financeability Index 55/100.
Source: Miami-Dade Clerk official records
- ElevatedRecertification not approved (2021 cycle)Dec 8, 2023
The 2021 40-year recertification is still pending with the City of Miami (plan status: applicant corrections).
- 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.
Financeability
What the banks say about Palace: recorded purchase mortgages, the down payments they accepted, and the programmes in use.
Regulated lenders are writing purchase loans here at ordinary down payments — their due diligence on reserves, insurance and litigation, verified by the public record.
- Mortgages recorded, 12 months
- 5
- 5 from banks and credit unions · purchases and refinances
- Sales bank-financed
- 30%
- 10 recorded sales, 12 months · Resales only
- Average down payment
- 31.5%
- Lowest down payment accepted
- 15%
Loan programmes, 24 months:Conventional 4Other 1
High confidence · As of 2026-10-31
Source: Miami-Dade County official records and the FHA/VA approval lists. Aggregates only; individual instruments are never shown. Compare with Brickell
Flooding and storm surge
Public flood data at this building’s location, read Oct 22, 2026.
- FEMA flood zone
- Zone VE: coastal high-hazard area. FEMA maps a 1% yearly chance of flooding with storm waves here.
- Base flood elevation on the map: 14.0 ft (NGVD29).
- Hurricane evacuation zone
- Zone B
- Miami-Dade storm surge planning zones run from A (called first) to E. The county decides which zones evacuate in a storm.
- Ground at the building
- 6.8 ft
- Lowest nearby street
- 2.8 ft
- Highest predicted tide, 2026
- 1.0 ft
Elevations in feet above the NAVD88 datum.
The lowest street next to this building sits 1.8 ft above this year’s highest predicted tide (Oct 27, 2026).
Estimated from public data, not a flood determination. Check the FEMA flood map and an elevation certificate for this building.
Legal & Regulatory
No material litigation foundCivil court cases involving the condominium association, classified by what they are about. Routine collections against individual owners are counted separately and do not affect the building’s standing.
- Active material lawsuits
- 0
- Owner / association disputes
- 0
- Routine collection cases
- 2
- DBPR complaints
- 5
- Open DBPR complaints
- 0
DBPR registration PR1S006352 · Approved,Recorded. Public complaints on record with the Florida Division of Condominiums; investigations are confidential and not counted.
Court records are matched to the association by name and summarized by us; a case is a claim, not a finding. Ask the association for its litigation disclosure before buying.
Frequently asked
How much do condos at Palace cost?+
There are 5 condos for sale at Palace, from $50,000, with a median asking price of $997,000 ($619/sqft).
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.
Who developed Palace?+
Palace was developed by Helmsley Enterprises.
Stay ahead
Interested in Palace?
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If you like Palace, compare
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Brickell Bay Club
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