The Palace Condos For Sale & Rent

The Palace Condo Overview

The Palace is a Brickell condo tower at 1541 Brickell Ave in Brickell, Miami. Built in 1981, the 40-story building has 249 residences in a bayfront Brickell Avenue setting where view quality, unit size, renovation level, parking, and monthly costs shape value.

The Palace Condos for Sale

The Palace condos for sale should be reviewed by bay or skyline exposure, floor height, balcony position, layout, interior condition, parking, and monthly fees. Buyers should compare recent southern Brickell sales, reserves, insurance considerations, and building condition before judging a listing.

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 confirm association rules, lease approvals, fees, and current restrictions before treating a unit as an investment property.

Amenities and Building Details

Architectural and ownership notes point to Arquitectonica. The building is pet-friendly. Tennis access is part of the amenity review. Buyers should review amenities, parking, security, reserves, insurance considerations, and monthly fees with the individual residence. Sizes range from an intimate 130 to a spacious 1,640 interior square footage, each complemented by a balcony that presents residents with breathtaking views of the water and cityscape. Residents enjoy a luxurious resort-style swimming pool, a rejuvenating hot tub, sauna, and spa, alongside a state-of-the-art fitness center equipped for every fitness regimen. The building also offers meeting rooms with conference spaces, high-speed internet access, a manned gatehouse ensuring 24-hour security, full-service concierge services, a secured parking lot with complimentary valet parking, and well-lighted tennis courts. A recent large-scale renovation has further elevated the elegance of its lobby, pool deck, and driveway.

What to Compare Before Buying at The Palace

Compare active condos for sale, active rentals, recent sales, bay exposure, unit condition, monthly fees, parking, rental rules, pet policy, and Brickell Avenue access. It is also useful to compare The Palace Miami Fl with nearby buildings and area pages such as Brickell neighborhood and Villa Regina.

Market Context

The Palace Miami Fl has completed-year closed-sale history from 2017 through 2025 in the market statistics, with 301 recorded condo sales, or about 33 sales per year. That is a deep resale sample for a single building, so buyers can usually find stronger comparable-sale context by bedroom count, line, view, and condition. The busiest year in the series was 2021 with 68 sales, while the quietest was 2017 with 13. 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 Miami Fl ranges from about $333/sqft to $647/sqft, with an average near $494/sqft across the years shown. That range gives buyers room to separate stronger lines and renovated units from more ordinary comparisons. The last completed year in the series is higher than the first, moving from $508/sqft in 2017 to $647/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 $719,243, but that number should be read by bedroom count, size, view, and renovation level.

Bedroom-level statistics also help explain value at The Palace Miami Fl: 2 Beds and 3 Beds units have the broadest historical comparison set, while 3 Beds around $1,913,784 and 4 Beds+ around $1,721,389 represent the higher average closed-price tiers in the chart data. Because that segment appears across several years, it is more useful as a comparison base than a one-off sale. Buyers should compare units within the same bedroom count before deciding whether a listing is expensive or well positioned. The Palace Miami Fl 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.