# Palace

As of 2026-10-27, Palace in Brickell has 5 units for sale at a median asking price of $997K ($619/sqft); 8 units sold in the last 12 months.

The Palace is a luxury waterfront condominium in the heart of Brickell designed by the firm Arquitectonica.

## Key facts

| | |
|---|---|
| Address | 1541 Brickell Ave |
| Neighborhood | Brickell |
| Year built | 1981 |
| Floors | 42 |
| Units | 289 |
| Waterfront | yes |
| Developer | Helmsley Enterprises |
| For sale | 5 |
| Pending | 1 |
| Median asking price | $997,000 |
| Median asking $/sqft | $619/sqft |
| Sold, last 12 months | 8 |
| Median sold $/sqft, 12 months | $494/sqft |
| Months of inventory | 7.5 |
| Median HOA | $2,342/mo |
| Parking | The building offers valet parking and assigned parking spaces, with some units featuring multiple assigned spaces located near the elevators. |

## Own Miami measures

- **own.miami Building Score: 55 (B)**
  - Value: 36 — $619/sqft — vs. Brickell condos, then all of Miami
  - Momentum: 44 — -1.6% $/sqft over 6 months
  - Liquidity: 70 — 7.5 months of supply · 37 days on market
  - Health: 68 — 2 verified records: Recertification not approved (2021 cycle)
  - Waterfront: 90 — Waterfront building
  - Age: 16 — Built 1981 — vs. Brickell buildings
- **Own Miami Condo Index: 83** (value; 100 = the market-median building, 200 = twice its $/sqft; rank 492 of 698 tracked Miami condos)
- **Financeability Index: 55** (good; 12-month window, 5 recorded mortgages, 30% of sales bank-financed, lowest down payment 15%, as of 2026-10-31)
- Special-assessment outlook: elevated (next structural milestone inspection due 2026)

## Building health (verified public records)

- Public records checked 2026-10-30
- positive: Bank financing — 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. (2026-10-31)
- elevated: Recertification not approved (2021 cycle) — The 2021 40-year recertification is still pending with the City of Miami (plan status: applicant corrections). (2023-12-08)
- Legal & regulatory: 0 material cases active, 0 disputes active, 5 DBPR complaints (36 months) (2026-09-26)

## Frequently asked questions

**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.

## Sources

- City of Miami building recertification records: https://datahub-miamigis.opendata.arcgis.com/datasets/40-year-recertification

## Related pages

- [Brickell — neighborhood guide](https://own.miami/brickell)
- [All units for sale at Palace](https://own.miami/buildings/palace/for-sale)
- [Brickell Key I](https://own.miami/buildings/brickell-key-one)
- [Brickell Key II](https://own.miami/buildings/brickell-key-ii)
- [Brickell Place Tower A](https://own.miami/buildings/brickell-place-tower-a)
- [Brickell Bay Club](https://own.miami/buildings/brickell-bay-club)

---

Source: Own.Miami — https://own.miami · data as of 2026-10-27
Canonical page: https://own.miami/buildings/palace
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
Methodology: https://own.miami/methodology · For AI assistants: https://own.miami/for-ai