NOT LISTED FOR SALE

Estimated Value: $880,000 - $963,813

2 Beds
2 Baths
1,697 Sq Ft
$2,150/mo HOA Fee

Last Sold December 20, 2024

Last sale price $873,000 $514 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,489/month

141 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Main Floor Primary Bedroom
  • Property Fronts a Bay or Harbor
  • Marble Flooring
  • Community Pool

About This Home

As of December 2024

VIEW, VIEW, VIEW!!!! Best corner unit in the Palace, 180 degree view of Biscayne Bay and Miami Skyline. Complete and beautiful designer remodel. New anti hurricane windows throughout the apartment, Italian porcelain floors, open kitchen that allows you to see the view of the Brickell skyline and Biscayne Bay while cooking. Furthermore, this unit has the West balcony built inside the unit giving an inside extra space. Iconic ARQUITECTONICA building with an excellent location. You can walk to your favorite restaurants, shopping malls and all the Brickell area has to offer.

Last Listed By

beatriz forero

BHHS EWM Realty License #0706501 Listed on: 08/01/2024

BHHS EWM Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,511

Year Built

  • Built in 1981

HOA Fees

  • $2,150 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Interior Spaces

  • 1,697 Sq Ft Home
  • Custom Mirrors
  • Marble Flooring

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Trash Compactor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Closet Cabinetry
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Laundry Tub

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-39-038-1660

Community Details

Overview

  • The Palace Condo
  • The Palace Condo Subdivision
  • 36-Story Property

Amenities

  • Doorman
  • Bike Room
  • Elevator

Recreation

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $2,740

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,511

Year Built

Built in 1981

Lot Details

0

HOA Fees

$2,150 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 30
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: THE PALACE CONDO
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Dryer, Microwave, Electric Range, Self Cleaning Oven
  • Interior Amenities: First Floor Entry, Closet Cabinetry, Cooking Island, Custom Mirrors, Elevator, Laundry Tub, Pantry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 1697
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Stories: 36
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Ground Level

Exterior Features

  • View: Bay
  • Exterior Features: Other
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: THE PALACE CONDO
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Assigned, Covered

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub
  • Security: Doorman

Condo/Co-op/Association

  • Association Fee: 2150
  • Amenities: Bike Storage, Elevator(s), Exercise Room, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-39-038-1660
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 2740

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 15511

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2024
Closed on
Dec 18, 2024
Sold by
Palace Investments 305 Incorporated
Bought by
Meza Andrea and Tejedor Nilda
Seller's Agent
beatriz forero
BHHS EWM Realty
Buyer's Agent
Nilda Tejedor
Beachfront Realty Inc
List Price
$1,180,000
Sold Price
$873,000
Premium/Discount to List
-$307,000
-26.02%
Total Days on Market
141
Views
14
Current Estimated Value
$904,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,203
Avg. Annual Appreciation
10.88%

Purchase Details

Closed on
Jan 15, 2008
Sold by
Boeger Ricardo
Bought by
The Palace Investments 305 Inc

Purchase Details

Closed on
Jan 13, 2004
Sold by
Hall Kevin and Hall Susan
Bought by
Boger Ricardo H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
4.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 16, 2000
Sold by
Pellegrini Corp
Bought by
Hall Kevin

Purchase Details

Closed on
Dec 18, 1995
Sold by
Marcuse Robert J and Marcuse Aida E
Bought by
Pellegrini Corporation

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Meza Andrea $873,000 Optima Title
Meza Andrea $873,000 Optima Title
The Palace Investments 305 Inc -- Global Title Group Inc
Boger Ricardo H $490,000 --
Hall Kevin $375,000 --
Pellegrini Corporation $315,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boger Ricardo H $332,000
Previous Owner Hall Kevin R $71,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2024 12/20/24 Sold $873,000 -6.1% $514 / Sq Ft
11/12/2024 11/12/24 Price Changed $930,000 -21.2% $548 / Sq Ft
08/01/2024 08/01/24 For Sale $1,180,000 -- $695 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,511 $726,335 -- --
2023 $15,511 $660,305 $0 $0
2022 $12,734 $600,278 $0 $0
2021 $11,594 $545,708 $0 $0
2020 $11,623 $545,708 $0 $0
2019 $11,649 $545,708 $0 $0
2018 $11,430 $545,708 $0 $0
2017 $12,298 $580,540 $0 $0
2016 $12,525 $538,828 $0 $0
2015 $11,614 $489,844 $0 $0
2014 $10,866 $445,313 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A11633968

MIAMI REALTORS® MLS

APN: 01-4139-038-1660