$555,000
●
Condo -
Off Market
1541 Brickell Ave #C807
Miami, FL 33129
1 Bed
2 Baths,
1
Half Bath
1117 Sqft
$4,787
Est. Monthly
$1,397
HOA / Fees
2.37%
Cap Rate
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.
Unit Size
1,117Ft²
Days on Market
203 days
Land Size
-
Price per sqft
$515
Property Type
Condo
Property Taxes
$567
HOA Dues
$1,397
Year Built
-
Payment Calculator
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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 .
Last updated: 12 months ago (Miami MLS #A11418739)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 2, 2024 | Sold to Veronique Mcelvein | ||
| 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
Doorman
Elevator
Parking Available
Garage
Air Conditioning
With View
Parking Details
Has Garage
Parking Features: 1 Space, Parking-Under Building, Valet
Garage Spaces: 1
Covered Parking Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Master Bathroom Features: Bidet, Combination Tub & Shower, Dual Sinks
Bedrooms: 1
Bedroom Features: Entry Level
Interior Features: Fire Sprinklers, Entrance Foyer, Pantry
Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer
Flooring Type: Marble, Vinyl
Dining Room Features: Formal Dining
Exterior Details
Has Property Attached
Square Footage: 1117
Security Features: Fire Sprinklers, Smoke Detector, Doorman, TV Camera
Architectural Style: High Rise
Year Built: 1981
Building Name: THE PALACE CONDO
Building Area Total: 1117
Building Area Units: Square Feet
Building Area Total: 1117
Window Features: Partial Accordian Shutters, Hurricane Shutters, Blinds
Construction Materials: CBS Construction
Lot Size Units: Square Feet
Financial Details
Tax Legal Description: THE PALACE CONDO UNIT C807 UNDIV .26% INT IN COMMON ELEMENTS OFF REC 11275-1461 COC 21603-0518 08 2003 1
Tax Annual Amount: $6,799
Tax Year: 2022
Parcel Number: 01-41-39-038-2150
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Location Details
HOA/Condo/Coop Amenities: Bike Storage, Barbecue, Community Room, Elevator(s), Exercise Room, Heated Pool, Child Play Area, Pool, Tennis Court(s), Vehicle Wash Area
HOA Fee: $1,397
HOA Fee Frequency: Monthly
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
$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
2
Beds
2
Baths
1,030 ft²
$550/ft²
$566,000
May 17, 2023
$566,000
Dec 6, 2023
$1,249/mo
Condo
2
Beds
2
Baths
1,030 ft²
$529/ft²
$545,000
Aug 23, 2023
$545,000
Oct 17, 2023
$1,221/mo
Condo
1
Bed
1
Bath
830 ft²
$723/ft²
$600,000
Apr 17, 2023
$600,000
Aug 15, 2023
$1,188/mo
In Contract
Condo
1
Bed
2
Baths
1,064 ft²
$531/ft²
$565,000
Sep 25, 2024
-
$1,157/mo
Active
Condo
1
Bed
2
Baths
1,042 ft²
$614/ft²
$640,000
Apr 30, 2024
-
$1,840/mo
In Contract
Condo
1
Bed
2
Baths
868 ft²
$530/ft²
$460,000
Sep 23, 2024
-
$1,089/mo
Active
Condo
1
Bed
2
Baths
1,042 ft²
$615/ft²
$641,000
Oct 6, 2023
-
$1,835/mo
Condo
1
Bed
1
Bath
811 ft²
$678/ft²
$549,990
May 14, 2024
-
$1,356/mo
Condo
1
Bed
1
Bath
699 ft²
$930/ft²
$650,000
Jan 8, 2024
-
$1,555/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
08/01/2024
|
2 Bed
|
2 Bath
|
1697 ft²
|
$1,180,000
2 Bed
2 Bath
1697 ft²
|
$873,000
-26.02%
12/20/2024
|
-
|
Beatriz Forero
BHHS EWM Realty
| |
|
07/22/2024
|
2 Bed
|
2 Bath
|
1640 ft²
|
$799,000
2 Bed
2 Bath
1640 ft²
|
$630,000
-21.15%
10/15/2024
|
-
|
Nerida Deza
Keller Williams Capital Realty
| |
|
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
|