The Palace Condos For Sale & Rent

The Palace Condo Overview

The Palace is a Bal Harbour condo building at 10101 Collins Ave in Bal Harbour. Built in 1994, the 20-story building has 105 residences in a beachfront market where ocean exposure, service level, building condition, and monthly ownership costs drive most comparisons.

The Palace Condos for Sale

The Palace condos for sale should be compared by ocean or city exposure, floor height, balcony position, renovation level, parking, and monthly fees. Buyers should look closely at the specific line and condition of each residence because older luxury buildings can vary widely by update level.

The Palace Rentals and Rental Policy

Rental policy currently shows a long-term rental setup, a 12-month minimum rental term, and up to 1 rental per year. Buyers should verify association rules, lease approvals, fees, and current restrictions before planning around rental income.

Amenities and Building Details

Architectural and ownership notes point to Clement DiFillippo. The building is pet-friendly. Buyers should review amenities, beach access, parking, security, reserves, insurance considerations, building condition, and monthly fees together with the unit's view and condition. The condominium offers a heated pool with deluxe cabanas, towel and chair service, and an expansive sundeck for leisure and relaxation. The full-service spa and state-of-the-art fitness center cater to wellness needs, while the well-lit tennis courts provide space for active recreation. Additional amenities include direct beach access, an on-site restaurant and café, a party room, and 24-hour complimentary valet parking, ensuring comfort and convenience for all residents. The residential units at The Palace boast tiled marble floors and open floorplans with high ceilings, creating an aura of spaciousness and luxury.

What to Compare Before Buying at The Palace

Compare active condos for sale, active rentals, recent sales, view quality, unit condition, monthly fees, parking, rental rules, pet policy, beach access, and Bal Harbour walkability. It is also useful to compare The Palace At Bal Harbour with nearby buildings and area pages such as Bal Harbour and Bal Harbour 101.

Market Context

The Palace At Bal Harbour has completed-year closed-sale history from 2017 through 2025 in the market statistics, with 33 recorded condo sales, or about 4 sales per year. That is a thinner resale sample, so each closed sale should be reviewed closely for condition, view, size, and unusual terms before using it as a benchmark. The busiest year in the series was 2021 with 9 sales, while the quietest was 2020 with 2. Recent completed-year sales volume is below the long-term average. The gap between the busiest and quietest years also shows why buyers should separate building demand from broader market-cycle timing.

The completed-year price-per-square-foot history for The Palace At Bal Harbour ranges from about $448/sqft to $1,185/sqft, with an average near $841/sqft across the years shown. That wide valuation band means unit-specific factors can materially change the right price range. The last completed year in the series is higher than the first, moving from $787/sqft in 2017 to $1,185/sqft in 2025. The recent completed-year price-per-square-foot average is above the long-term average. Average closed price over the same completed-year period was about $2,529,468, but that number should be read by bedroom count, size, view, and renovation level.

Bedroom-level statistics also help explain value at The Palace At Bal Harbour: 2 Beds and 3 Beds units have the broadest historical comparison set, while 4 Beds+ around $3,725,000 and 3 Beds around $3,341,111 represent the higher average closed-price tiers in the chart data. Because the higher-tier segment has limited observations, it should be treated as directional rather than a standalone pricing rule. Buyers should compare units within the same bedroom count before deciding whether a listing is expensive or well positioned. The Palace At Bal Harbour also has long-term rental positioning with a 12-month minimum lease and up to 1 rental per year, which should be read together with the long-term sales data. That points to a more traditional ownership profile, so long-term tenant quality, association approvals, and carrying costs matter more than short-stay turnover.