$518,000 - $632,000
●
Condo -
Off Market
1541 Brickell Ave #C807
Miami, FL 33129
1 Bed
1.5 Baths,
1
Half Bath
1117 Sqft
About This Property
In the entire MLS history only 9 one bedrooms have ever sold at THE
PALACE. #C807 offers a rare opportunity indeed to own in a coveted
building built by Arquitectonica where the average residence is
valued over a million. This oversized, bayfront unit boasts
gorgeous views 24/7 of Biscayne Bay, abundant living space with
1117 sf and room for a den/guest bedroom & sublime primary suite
new walnut like floors, walk-in closet, en-suite bathroom & vanity.
Features include marble floors, washer/dryer, 5 extra closets, new
A/C,inviting balcony, parking space & EV station. The Palace offers
luxurious amenities include new pool & deck, BBQ pavilion, tennis,
play area, gym,concierge, free valet and premium location in the
original residential area of Brickell just 5 min to the Grove. SEE
THE VIDEO.
The manager has listed the unit size as 1117 square feet.
The manager has listed the unit size as 1117 square feet.
Unit Size
1,117Ft²
Days on Market
-
Land Size
-
Price per sqft
$515
Property Type
Condo
Property Taxes
$567
HOA Dues
$1,397
Year Built
-
Payment Calculator
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%
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Cap Rate Calculator
Purchase Price
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Income
Per Year
Expenses
Per Year
Operating Profit
Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier)
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 2, 2024 | Sold to Veronique Mcelvein | $555,000 | |
| Sold to Veronique Mcelvein | |||
| Dec 29, 2023 | In contract | - | |
| In contract | |||
| Dec 2, 2023 | Price Decreased |
$575,000
↓ $24K
(4%)
|
|
| Price Decreased | |||
| Oct 11, 2023 | Price Decreased |
$599,000
↓ $21K
(3.4%)
|
|
| Price Decreased | |||
| Sep 24, 2023 | Price Decreased |
$620,000
↓ $29K
(4.5%)
|
|
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Interior Details
Security System
Exterior Details
Block
1541 Brickell Ave #C807, Miami, FL, 33129
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
1
Bed
2
Baths
1,117 ft²
$497/ft²
$555,000
Jul 11, 2023
$555,000
Jan 30, 2024
$1,964/mo
Condo
1
Bed
2
Baths
1,117 ft²
$434/ft²
$485,000
Feb 22, 2024
$485,000
Jul 31, 2024
$2,021/mo
Condo
1
Bed
2
Baths
900 ft²
$589/ft²
$530,000
May 15, 2024
$530,000
Aug 7, 2024
$1,398/mo
Condo
1
Bed
1
Bath
811 ft²
$604/ft²
$490,000
Jul 8, 2024
$490,000
Aug 15, 2024
$1,610/mo
Condo
1
Bed
1
Bath
830 ft²
$723/ft²
$600,000
Apr 17, 2023
$600,000
Aug 15, 2023
$1,188/mo
Condo
1
Bed
1
Bath
829 ft²
$766/ft²
$635,000
Sep 22, 2023
$635,000
Feb 28, 2024
$1,108/mo
In Contract
Condo
1
Bed
2
Baths
1,040 ft²
$572/ft²
$595,000
Aug 21, 2024
-
$1,183/mo
In Contract
Condo
1
Bed
2
Baths
1,064 ft²
$516/ft²
$549,000
Jan 19, 2024
-
$1,245/mo
Active
Condo
1
Bed
2
Baths
1,042 ft²
$614/ft²
$640,000
Apr 30, 2024
-
$1,840/mo
Active
Condo
1
Bed
2
Baths
1,042 ft²
$616/ft²
$641,400
Oct 6, 2023
-
$1,835/mo
Condo
1
Bed
1
Bath
811 ft²
$678/ft²
$549,990
May 14, 2024
-
$1,356/mo
Active
Condo
1
Bed
2
Baths
868 ft²
$530/ft²
$460,000
Sep 23, 2024
-
$1,089/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
05/14/2024
|
2 Bed
|
2 Bath
|
1697 ft²
|
$945,000
2 Bed
2 Bath
1697 ft²
|
$888,000
-6.03%
07/03/2024
|
-
|
Nancy Fuentes-Diaz
Abitare International Realty
|
|
|
02/22/2024
|
1 Bed
|
2 Bath
|
1117 ft²
|
$560,000
1 Bed
2 Bath
1117 ft²
|
$485,000
-13.39%
07/31/2024
|
-
|
Elizabeth Lima
Berkshire Hathaway HomeServices Florida Realty
|
|
|
08/14/2023
|
2 Bed
|
2 Bath
|
1640 ft²
|
$825,000
2 Bed
2 Bath
1640 ft²
|
$770,000
-6.67%
12/20/2023
|
-
|
Hellen Adler
Guardian Real Estate Co.
|
|
|
07/18/2023
|
2 Bed
|
2 Bath
|
1640 ft²
|
$989,000
2 Bed
2 Bath
1640 ft²
|
$720,000
-27.20%
04/17/2024
|
-
|
Raymond Bolduc
One Sotheby's International Re
|
|
|
07/11/2023
|
1 Bed
|
2 Bath
|
1117 ft²
|
$649,000
1 Bed
2 Bath
1117 ft²
|
$555,000
-14.48%
02/02/2024
|
Brigid Prio
BHHS EWM Realty
|
||
|
04/12/2023
|
2 Bed
|
2 Bath
|
1640 ft²
|
$875,000
2 Bed
2 Bath
1640 ft²
|
$780,000
-10.86%
01/10/2024
|
-
|
Maria Patch
Realty Solutions Group of Miami, LLC.
|
|
|
06/01/2023
|
2 Bed
|
2 Bath
|
1697 ft²
|
$1,074,000
2 Bed
2 Bath
1697 ft²
|
$920,000
-14.34%
11/07/2023
|
-
|
Giulietta Ulloa
BHHS EWM Realty
|
|
|
05/30/2023
|
2 Bed
|
2 Bath
|
1475 ft²
|
$1,199,000
2 Bed
2 Bath
1475 ft²
|
$1,015,000
-15.35%
02/21/2024
|
Julian Johnston
The Corcoran Group
|
||
|
05/10/2023
|
2 Bed
|
2 Bath
|
1960 ft²
|
$1,100,000
2 Bed
2 Bath
1960 ft²
|
$1,000,000
-9.09%
10/17/2023
|
-
|
Julia Roman
Julia Roman Lic. R.E. Broker
|
|
|
03/17/2023
|
3 Bed
|
2.5 Bath
|
1869 ft²
|
$1,600,000
3 Bed
2.5 Bath
1869 ft²
|
$1,250,000
-21.88%
06/16/2023
|
Solveig Del Valle PA
Edge 1 Realty
|
||
|
11/18/2022
|
2 Bed
|
2 Bath
|
1640 ft²
|
$915,000
2 Bed
2 Bath
1640 ft²
|
-
-
|
-
|
Nicholas Ramirez
Edge 1 Realty
|
|
|
09/01/2022
|
1 Bed
|
1.5 Bath
|
1117 ft²
|
$620,000
1 Bed
1.5 Bath
1117 ft²
|
-
-
|
-
|
Solveig Del Valle PA
One Sotheby's International Re
|
|
|
07/20/2022
|
Studio
|
-
|
130 ft²
|
$30,000
Studio
-
130 ft²
|
-
-
|
-
|
Juan Suarez Yero
Luxe Properties
|
|
|
07/12/2022
|
2 Bed
|
2 Bath
|
1697 ft²
|
$950,000
2 Bed
2 Bath
1697 ft²
|
-
-
|
-
|
Diana Tello
Envirotek Realty
|
|
|
02/09/2022
|
2 Bed
|
2 Bath
|
1640 ft²
|
$1,200,000
2 Bed
2 Bath
1640 ft²
|
-
-
|
-
|
Blake Burstyn
Compass Florida, LLC.
|
|
|
03/17/2022
|
2 Bed
|
2 Bath
|
1697 ft²
|
$924,900
2 Bed
2 Bath
1697 ft²
|
-
-
|
-
|
DOUGLAS ADDEO
COMMUNITY REALTY ASSOCIATES
|
|
|
11/27/2021
|
3 Bed
|
3 Bath
|
2273 ft²
|
$999,000
3 Bed
3 Bath
2273 ft²
|
-
-
|
-
|
Alex Gonzalez
Coldwell Banker Coast Realty
|
|
|
11/08/2021
|
3 Bed
|
2 Bath
|
1697 ft²
|
$949,000
3 Bed
2 Bath
1697 ft²
|
-
-
|
-
|
Gilberto Ocampo
JMK Real Estate Agents LLC
|
|
|
10/09/2021
|
Studio
|
-
|
169 ft²
|
$50,000
Studio
-
169 ft²
|
-
-
|
-
|
Pamela Suarez
Abner Realty, Inc
|
|
|
09/01/2021
|
2 Bed
|
2 Bath
|
1640 ft²
|
$950,000
2 Bed
2 Bath
1640 ft²
|
-
-
|
-
|
Ricardo Gross
GRG Intl. Properties LLC
|
|
|
07/23/2021
|
2 Bed
|
2 Bath
|
1697 ft²
|
$850,000
2 Bed
2 Bath
1697 ft²
|
-
-
|
-
|
Maria Laviosa
Concept International Realty Inc
|
|
|
04/21/2021
|
6 Bed
|
5 Bath
|
5801 ft²
|
$2,895,000
6 Bed
5 Bath
5801 ft²
|
-
-
|
-
|
Anthony Disano
Parkvue Realty Florida, LLC
|
|
|
06/22/2021
|
3 Bed
|
4 Bath
|
2377 ft²
|
$1,349,000
3 Bed
4 Bath
2377 ft²
|
-
-
|
-
|
Brigitte De Langeron
DLS International Realty
|
|
|
02/10/2021
|
3 Bed
|
2 Bath
|
1624 ft²
|
$690,000
3 Bed
2 Bath
1624 ft²
|
$670,000
-2.90%
07/02/2021
|
Delphine Jullien
Condoideas Realty Group LLC
|
||
|
02/25/2021
|
2 Bed
|
2 Bath
|
1697 ft²
|
$895,000
2 Bed
2 Bath
1697 ft²
|
$840,000
-6.15%
05/06/2021
|
Riley Smith
BHHS EWM Realty
|
||
|
01/11/2021
|
3 Bed
|
3 Bath
|
1842 ft²
|
$840,000
3 Bed
3 Bath
1842 ft²
|
-
-
|
-
|
Diana Dutriz Bustamante
BHHS EWM Realty
|
|
|
01/01/2021
|
2 Bed
|
2 Bath
|
1640 ft²
|
$730,000
2 Bed
2 Bath
1640 ft²
|
$712,500
-2.40%
03/19/2021
|
Howard Townsend Jr
Beachfront Realty Inc
|
||
|
12/18/2020
|
4 Bed
|
4 Bath
|
3280 ft²
|
$2,100,000
4 Bed
4 Bath
3280 ft²
|
-
-
|
-
|
Sandra Osorio
PFS Realty LLC
|
|
|
12/11/2020
|
1 Bed
|
2 Bath
|
1117 ft²
|
$379,000
1 Bed
2 Bath
1117 ft²
|
$335,000
-11.61%
04/30/2021
|
Elizabeth Palacio
Oceanaire Realty, Inc.
|
||
|
12/10/2020
|
2 Bed
|
2 Bath
|
1640 ft²
|
$574,000
2 Bed
2 Bath
1640 ft²
|
$545,000
-5.05%
05/21/2021
|
Brigid Prio
BHHS EWM Realty
|
||
|
11/17/2020
|
Studio
|
-
|
154 ft²
|
$50,000
Studio
-
154 ft²
|
-
-
|
-
|
Ofelia Perera
Florida Capital Realty
|
|
|
10/27/2020
|
2 Bed
|
2 Bath
|
1697 ft²
|
$619,000
2 Bed
2 Bath
1697 ft²
|
-
-
|
-
|
Olga Monson
Fortune International Realty
|
|
|
10/12/2020
|
2 Bed
|
2 Bath
|
1640 ft²
|
$575,000
2 Bed
2 Bath
1640 ft²
|
-
-
|
-
|
Solveig Del Valle PA
One Sotheby's International Re
|
|
|
09/21/2020
|
2 Bed
|
2 Bath
|
1640 ft²
|
$699,999
2 Bed
2 Bath
1640 ft²
|
$650,000
-7.14%
12/10/2020
|
Malika Rigaud
Compass Florida, LLC
|
||
|
08/04/2020
|
2 Bed
|
2 Bath
|
1697 ft²
|
$599,000
2 Bed
2 Bath
1697 ft²
|
$540,000
-9.85%
01/06/2021
|
Jose Luis Pere
Compass Florida, LLC
|
||
|
07/20/2020
|
2 Bed
|
2 Bath
|
1640 ft²
|
$598,000
2 Bed
2 Bath
1640 ft²
|
$495,000
-17.22%
03/05/2021
|
Lucas Lechuga
Luxe Living Realty
|
||
|
07/13/2020
|
3 Bed
|
2 Bath
|
1712 ft²
|
$515,000
3 Bed
2 Bath
1712 ft²
|
$510,000
-0.97%
05/17/2021
|
Sandra Shea
United Realty Group, Inc
|
||
|
06/03/2020
|
2 Bed
|
2 Bath
|
1475 ft²
|
$850,000
2 Bed
2 Bath
1475 ft²
|
-
-
|
-
|
Alex Tupacyupanqui
Brickell Global Consultants Corp
|
|
|
06/01/2020
|
2 Bed
|
2 Bath
|
1697 ft²
|
$665,000
2 Bed
2 Bath
1697 ft²
|
-
-
|
-
|
Maria Cristi Valencia
RES Real Estate Solutions, LLC
|
|
|
04/17/2020
|
2 Bed
|
2 Bath
|
1697 ft²
|
$708,000
2 Bed
2 Bath
1697 ft²
|
-
-
|
-
|
Ana Maria Alexander
Berkshire Hathaway HomeServices Florida Realty
|
|
|
03/06/2020
|
2 Bed
|
2 Bath
|
1697 ft²
|
$675,000
2 Bed
2 Bath
1697 ft²
|
$520,000
-22.96%
01/20/2021
|
Teresita DeBlank
Berkshire Hathaway HomeServices Florida Realty
|
||
|
11/07/2019
|
2 Bed
|
2 Bath
|
1640 ft²
|
$610,000
2 Bed
2 Bath
1640 ft²
|
-
-
|
-
|
Jose Luis Pere
Compass Florida, LLC
|
|
|
10/01/2019
|
2 Bed
|
2 Bath
|
1640 ft²
|
$685,000
2 Bed
2 Bath
1640 ft²
|
$613,000
-10.51%
03/13/2020
|
Ivan Marzoa
Florida Capital Realty
|
||
|
09/23/2019
|
2 Bed
|
2 Bath
|
1640 ft²
|
$795,000
2 Bed
2 Bath
1640 ft²
|
-
-
|
-
|
Ronald Rigaud
Xcellence Realty
|
|
|
08/07/2019
|
3 Bed
|
3 Bath
|
1842 ft²
|
$580,000
3 Bed
3 Bath
1842 ft²
|
$500,000
-13.79%
01/31/2020
|
-
|
Romulo Ferrero
Lauderdale Beach Properties
|
|
|
08/05/2019
|
1 Bed
|
2 Bath
|
974 ft²
|
$329,000
1 Bed
2 Bath
974 ft²
|
-
-
|
-
|
Marianna Perez
Lowell International Rlty LLC
|
|
|
06/13/2019
|
6 Bed
|
5 Bath
|
5801 ft²
|
$3,100,000
6 Bed
5 Bath
5801 ft²
|
-
-
|
-
|
Anthony Disano
Parkvue Realty Florida, LLC
|
|
|
05/16/2019
|
4 Bed
|
4 Bath
|
3280 ft²
|
$1,750,000
4 Bed
4 Bath
3280 ft²
|
-
-
|
-
|
Martin Mas
Fortune International Realty Brickell Inc
|
|
|
01/09/2019
|
2 Bed
|
2 Bath
|
1640 ft²
|
$849,900
2 Bed
2 Bath
1640 ft²
|
-
-
|
-
|
Elizabeth Palacio
Oceanaire Realty, Inc.
|
|
|
12/17/2018
|
2 Bed
|
3 Bath
|
1420 ft²
|
$695,000
2 Bed
3 Bath
1420 ft²
|
$655,000
-5.76%
05/22/2019
|
Teresita DeBlank
Berkshire Hathaway HomeServices Florida Realty
|
||
|
12/13/2018
|
2 Bed
|
2 Bath
|
1697 ft²
|
$850,000
2 Bed
2 Bath
1697 ft²
|
-
-
|
-
|
Elizabeth Lima
Berkshire Hathaway HomeServices Florida Realty
|
|
|
10/08/2018
|
2 Bed
|
2 Bath
|
1640 ft²
|
$655,000
2 Bed
2 Bath
1640 ft²
|
$560,000
-14.50%
07/15/2019
|
Romel Beiner
DORAL RICHES
|
||
|
09/27/2018
|
2 Bed
|
2 Bath
|
1640 ft²
|
-
2 Bed
2 Bath
1640 ft²
|
-
-
|
-
|
Elizabeth Lima
Berkshire Hathaway HomeServices Florida Realty
|
|
|
06/14/2018
|
3 Bed
|
3 Bath
|
1842 ft²
|
-
3 Bed
3 Bath
1842 ft²
|
-
-
|
-
|
Romulo Ferrero
Lauderdale Beach Properties
|
|
|
07/30/2017
|
|
2 Bed
|
2 Bath
|
1640 ft²
|
$599,000
2 Bed
2 Bath
1640 ft²
|
$595,000
-0.67%
05/25/2018
|
Angela Stroll
|
|
|
02/07/2012
|
2 Bed
|
3 Bath
|
1495 ft²
|
$475,000
2 Bed
3 Bath
1495 ft²
|
$425,000
-10.53%
03/30/2012
|
-
|
Kent McIntyre
LoKation
|
Building Info
1541 Brickell Avenue
1541 Brickell Avenue, Miami, FL 33129
- 3 Units for Sale
