1541 Brickell Ave · Miami, FL 33129 · Brickell

The Palace

40-story tower, completed 1981, 288 residences in Brickell. 5 for sale and 2 for rent on Nov 2, 2026.

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At a glance The Palace (1541 Brickell Ave, Brickell) is a 40-story, 288-unit building completed in 1981. As of Nov 2, 2026, 5 units are for sale and 2 are for rent; the median closed price was $494 per square foot over 8 sales in the last 12 months. FEMA flood zone VE. Source: Miami Assoc. of REALTORS® MLS via Bridge IDX, Miami-Dade Property Appraiser records and the FEMA flood map.

6 photos from my condo archive

For sale
5
For rent
2
Median $/SF
$4948 sales · 12 mo
Sold
8last 12 months
Built
1981
Floors
40
Residences
288county
Flood zone
VEFEMA
Owner-occupied
46%
Avg. unit
1,470sq ft

MLS via Bridge IDX · as of Nov 2, 2026 · How these numbers are made

On the market at The Palace.

The weekly MLS snapshot, newest asks first. Each unit opens its full listing: photos, taxes, history. Or check the live feed for today's inventory.

Snapshot as of Nov 2, 2026.

Listings matched to this building's recorded addresses. I don't have to be the listing agent to show you any unit or to negotiate for you. Search condos in 33129

The read on The Palace.

Activity as of Nov 2, 2026
  • Resale +35%. The median closed price moved from $367/SF in 2020 (12 sales) to $494/SF in 2026 (8 sales), the first and last years with three or more recorded sales.
  • Gross rental yield 8.4%. A year of rent at the median $3.48/SF/mo (8 leases) against the median $494/SF sale (8 sales), both over 12 months, before HOA, taxes and vacancy.
  • Asks run +25% against closings. Sellers ask a median $619/SF (5 listings) against $494/SF closed (8 sales, 12 months). That gap is negotiation room. Bring the comps.
  • Sells in a median 69 days. Days on market across the 8 sales closed in the last 12 months.

Where it ranks citywide, condo buildings in 17 Miami neighborhoods

  • #43 of 360 · fastest median days on market56 days median on market · n 21 · Oct 2024 to Sep 2026

See the full rankings · How rankings are made

Read the full record 4 paragraphs and 15 facts, every figure from the MLS and county record

Completed in 1981, The Palace stands 40 stories at 1541 Brickell Ave in Brickell. County folio records count 288 residences, averaging 1,470 SF of living area. Harry B. Helmsley developed it; the architect is Arquitectonica. Interiors are by ArquitectonicaINTERIORS. The condo archive records it as waterfront (bay).

Five units were for sale on November 2, 2026, asking $50K to $1.4M (median ask $619/SF across 5 listings). One more was under contract. Eight sales closed between November 2, 2025 and November 2, 2026, from $601K to $1.3M, a median $494/SF, after a median 69 days on the market. In the 12 months before that, 12 sales closed at a median $517/SF, so the median fell 4%. Across 76 recorded sales since 2019, the best year by median price per square foot was 2023, at $542 over 7 sales. That 12-month median ranks 49th of the 66 Brickell buildings with at least three sales in the same window. Two-bedrooms made up 18 of the 20 sales in the last 24 months, at a median $850,000.

Two units were offered for rent at $3,700 to $6,100 a month. Eight leases were signed over the same 12 months, at a median $5,800 a month (range $3,600 to $7,800).

County records show 46% of residences as owner-occupied.

Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records and my condo archive. Blanks mean the record doesn't state it; nothing here is estimated.

The record

Address
1541 Brickell Ave, Miami 33129
Neighborhood
Brickell
Developer
Harry B. Helmsley
Architect
Arquitectonica
Interior design
ArquitectonicaINTERIORS
Front desk / mgmt
(305) 858-8400
Year built
1981
Floors
40
Residences (county-verified)
288
Owner-occupied
46% of residences
Avg. unit size
1,470 sq ft
Total living area
423,456 sq ft
County condo folios
288
Waterfront
Yes / Bay
Recorded MLS listings
151

The numbers at The Palace.

Every sale and lease the MLS has recorded at this address, sales first.

MLS via Bridge IDX · as of Nov 2, 2026

Median $/SF by year closed

Every recorded sale at this address, 2019 to 2026. Count in the tooltip.

$271$542$3932019$3672020$4132021$5302022$5422023$4972024$5182025$4942026$271$542$393'19'20$413'21'22$542'23'24'25$494'26

Pale bars: fewer than three sales that year, so the bar is the sale itself or the average of two, too few for a median.

Year by year, every recorded closing
YearSalesMedian $/SFLeasesMedian rent
2026 (to date)8$4948$5,800/mo
202511$51810$5,100/mo
20247$49713$5,350/mo
20237$5427$5,290/mo
20229$5309$6,500/mo
202120$41313$4,500/mo
202012$3679$3,690/mo
20192$393*1$3,750/mo*

* Fewer than three closings that year: the figure is the closing itself or the average of two, too few for a median.

Own here? See how the building moved since you bought.

Median closed $/SF in 2020: $367 (12 sales). In the last 12 months: $494 (8 sales). Change: +35%.

This is the building's movement, not your unit's value. Floor, view, line and condition move a unit's price more than the building does. Only years with three or more recorded sales are listed.

Get your unit's value →
Show all closings 76 sales · 70 leases on record since 2019

Closed sales Nov 2, 2024 to Nov 2, 2026 · 20

UnitBDBASFAskedClosed$/SFClose dateDOM
C1505221,697$725,000$601,000$354Aug 17, 202610
B3804221,640$765,000$740,000$451Jul 15, 202618
B2904221,640$1,015,000$1,015,000$619Jun 2, 202625
C60832.51,869$1,025,000$975,000$522Apr 30, 2026134
A2301221,697$895,000$852,500$502Apr 17, 202682
A2102221,640$775,000$750,000$457Apr 8, 2026273
C2705221,697$849,000$825,000$486Mar 31, 202656
C1507432,412$1,490,000$1,250,000$518Jan 7, 2026593
A1202221,640$849,000$765,000$466Sep 5, 20254
B404221,640$580,000$530,000$323Jul 31, 2025384
A801221,697$970,000$875,000$516Jun 2, 20250
T10722.51,630$1,395,000$1,250,000$767May 8, 202513
T30122.51,495$1,295,000$1,247,500$834May 5, 202516
A1901221,697$849,900$849,900$501Apr 30, 2025126
B2604221,640$925,000$850,000$518Apr 1, 20254
T10822.51,420$990,000$895,000$630Mar 4, 202576
A3402221,640$790,000$800,000$488Feb 28, 20255
C3206221,640$895,000$850,000$518Feb 7, 202559
A3202221,640$925,000$910,000$555Jan 28, 202565
C3005221,697$930,000$873,000$514Dec 20, 2024141

Leases signed Nov 2, 2025 to Nov 2, 2026 · 8

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
B3804221,640$6,000/mo$5,750/mo$3.51Oct 15, 202657
A3101221,697$6,600/mo$6,475/mo$3.82Sep 15, 2026127
B403221,640$5,500/mo$5,450/mo$3.32Aug 27, 2026147
A1801221,697$6,100/mo$5,850/mo$3.45Jul 9, 202629
C406121,117$3,700/mo$3,700/mo$3.31Jun 1, 2026169
B350332.51,640$8,500/mo$7,800/mo$4.76Apr 7, 202658
B1504221,640$7,000/mo$6,800/mo$4.15Mar 30, 202619
A1201221,697$4,000/mo$3,600/mo$2.12Feb 2, 202642

Data: Miami Assoc. of REALTORS® MLS via Bridge IDX, as of Nov 2, 2026. Listings matched to this building's recorded addresses; pending includes under-contract. Closed listings shown as records only, no photos. Blanks mean the record doesn't state it. How these numbers are made

The file on The Palace.

The rules on record, the documents in my files, the two Florida checks every buyer should run, and the buildings around it. Each card opens.

FEMA flood zone

VE

Inside FEMA's Special Flood Hazard Area. A federally backed mortgage requires flood insurance here.

What the zone means
  • Coastal high-hazard area: the 1% annual chance flood, with waves.
  • Base flood elevation 14 ft (NGVD29).
  • The zone is a map line, not a premium. Ask the association for its master flood policy, and get a flood quote for the specific unit before you commit.

FEMA National Flood Hazard Layer, checked at the building's mapped location on Oct 12, 2026. Open the official map ↗

Milestone structural inspection

Turned 30 in 2011

The statute's first deadline for a building this age was December 31, 2024, then every 10 years.

What the deadline means
  • Based on year built 1981 (county record). The statute counts from the certificate of occupancy date, which can differ.
  • The association must give every owner the inspector's summary. Ask for it, and for the structural integrity reserve study, before you commit.

Fla. Stat. § 553.899(3) ↗ and Miami-Dade recertification ↗, read Oct 9, 2026. What the deadline means for buyers

Nearby

Around The Palace

5 more nearby

Smaller buildings close by: Brickell Courts Townhouse (770 m)

Compare with the two nearest →Every Brickell building →Distances are straight-line. Building data from Miami Assoc. of REALTORS® MLS records via Bridge IDX.

Own here, or looking here

Owners: tell me your unit and I'll prepare its value myself. Buyers and renters: I'll tell you when a unit here lists or sells. Either way it starts a conversation with me, not a mailing list.

Own here?

Get your unit's value

Tell me your unit and I'll prepare its value myself, from The Palace's closed sales and what is listed now. Then we talk it through.

Phone or email. One is enough.

Thinking about

Goes to Enrique only. No mailing list.

Looking here?

Get alerts when a unit lists or sells

When a unit at The Palace lists or sells, I'll let you know. I send these myself, not a robot.

Phone or email. One is enough.

Alerts for

Goes to Enrique only. No mailing list.

Enrique Ponte Ojeda on a balcony overlooking the water in Miami
I read the building before you buy or sell a unit in it.Closed history, the association's rules, what is really for sale and what it should trade at. Then we talk.
Enrique Ponte Ojeda
Licensed Florida Real Estate Agent · Carmona Realty Group

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