$895,000
SOLD MAR 4, 2025
2 Beds
2.5 Baths
1,420 Sq Ft
$2,540/mo HOA Fee

Recently Sold

$630 Per Sq Ft

15% Below List Price

79 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Marble Flooring
  • Ocean Front
  • Private Guards
  • Community Pool

About This Home

As of March 2025

Rare to market Townhouse at The Palace. This unique unit sits on the podium portion of the building along the waterfront and has 2 bedroom / 2 bathroom + a den on the upper floor and half bathroom, kitchen, living, and dining area on the lower floor. Perfect for entertaining. Feels like a house situated in Brickell. Amazing ocean views from all rooms. Enjoys a private terrace just steps away from the Biscayne Bay.

The Palace residents enjoy first class amenities that includes a fitness center, heated pool, 2 tennis courts, gatehouse security, reception security, valet parking, children’s playroom, BBQ area and lots of open spaces to relax. (Pool currently undergoing renovation). Design by world renowned ARQUITECTONICA.

All assessments have been paid out by owner.

Last Agent to Sell the Property

Carlos Chavarro

AG Real Estate Advisors, LLC License #3268120

Last Buyer's Agent

Liliana Restrepo

Coldwell Banker Realty License #3084742

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $9,654

Year Built

  • Built in 1981

Lot Details

  • East Facing Home

HOA Fees

  • $2,540 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Assigned Parking

Home Design

  • Garden Apartment

Interior Spaces

  • 1,420 Sq Ft Home
  • Elevator
  • Combination Dining and Living Room
  • Den

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Trash Compactor

Flooring

  • Marble
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Upstairs
  • Jetted Tub and Shower Combination in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Courtyard
  • Patio
  • Porch

Schools

  • Southside Elementary School
  • Ponce De Leon Middle School
  • Miami Senior High School

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 01-41-39-038-2490

Community Details

Overview

  • The Palace Condos
  • The Palace Condo Subdivision
  • 24-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Community Center
  • Party Room

Recreation

  • Community Playground

Pet Policy

  • Pets Allowed

Security

  • Private Guards
  • Security Guard
  • Complete Impact Glass
  • High Impact Door

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$9,654

Year Built

Built in 1981

Lot Details

0

HOA Fees

$2,540 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Condominium
  • Architectural Style: Garden Apartment
  • Entry Level: 1
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Townhouse, Condo
  • Subdivision Name: THE PALACE CONDO
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Den/Library/Office
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Marble, Vinyl
  • Furnished: Unfurnished
  • Living Area: 1420
  • Other Equipment: Elevator
  • Possible Use: Primary
  • Stories: 24
  • Window Features: Complete Impact Glass
  • Bedroom Features: Primary Bath Shower, Primary Bedroom Upstairs
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Den/Library/Office
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • View: Ocean View, Direct Ocean, Water View
  • Exterior Features: None, Other, Courtyard, Tennis Court(s)
  • Construction Type: Other
  • Direction Faces: East
  • Patio And Porch Features: Open Porch, Patio
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: THE PALACE
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned, Valet

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Doorman, Guard At Site, Private Guards

Condo/Co-op/Association

  • Association Fee: 2540
  • Amenities: Child Play Area, Community Room, Exercise Room, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Southside
  • High School: Miami Senior
  • Middle Or Junior School: Ponce De Leon

Lot Info

  • Parcel Number: 01-41-39-038-2490
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9654

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2025 03/04/25 Sold $895,000 -9.6% $630 / Sq Ft
12/13/2024 12/13/24 Pending -- -- --
10/24/2024 10/24/24 Price Changed $990,000 -5.7% $697 / Sq Ft
09/25/2024 09/25/24 For Sale $1,050,000 +60.3% $739 / Sq Ft
05/03/2019 05/03/19 Sold $655,000 -5.8% $461 / Sq Ft
12/17/2018 12/17/18 For Sale $695,000 -- $489 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $10,056 $546,989 -- --
2023 $10,056 $531,058 $0 $0
2022 $9,763 $515,591 $0 $0
2021 $9,748 $500,574 $0 $0
2020 $9,775 $500,574 $0 $0
2019 $6,350 $339,105 $0 $0
2018 $6,091 $332,783 $0 $0
2017 $6,020 $325,939 $0 $0
2016 $6,059 $319,236 $0 $0
2015 $6,127 $317,017 $0 $0
2014 $6,198 $314,501 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $800,000 Balloon
Previous Owner $301,164 New Conventional
Previous Owner $327,000 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $232,400 New Conventional
Previous Owner $319,700 Stand Alone First
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $875,000 None Listed On Document
Warranty Deed $655,000 Florida Secured Title Llc
Warranty Deed $366,000 --
Warranty Deed $285,000 --
Warranty Deed $190,000 --
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11664588

MIAMI REALTORS® MLS

APN: 01-4139-038-2490