Waterfront Community · Miami, FL
The Palace Miami, FL Homes For Sale & Real Estate
The Palace, Miami, FL, is a waterfront community in Miami-Dade County with 6 homes for sale right now. The Palace Condo is a waterfront community in Miami, Miami-Dade County, Florida.
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Market Overview
The Palace real estate market
There are 6 active listings for sale in The Palace right now. The median list price is $1,006,000, or about $619 per square foot. Listings span $75,000 to $1,399,000, so there is inventory across most budgets. Homes are averaging 90 days on market. These figures update from the MLS as the market moves.
The Palace Market Stats
MLS data updated October 2, 2026- Active Listings
- 6
- Median List Price
- $1,006,000
- Median $/Sq Ft
- $619
- Avg Days on Market
- 90
- Price Range
- $75,000 to $1,399,000
Frequently Asked Questions
- How many homes are for sale in The Palace?
- There are 6 active listings for sale in The Palace right now, and these counts update from the MLS as homes come on the market and go under contract. The top of the market here asks many times the entry level, so The Palace covers very different kinds of buyer under one name. Ask us to set up a search alert and you will see new The Palace listings the day they reach the market.
- What is the median home price in The Palace?
- The median list price in The Palace is $1,006,000, or roughly $619 per square foot. The median is the midpoint of what is currently listed, so about half of The Palace homes ask more and half ask less, within a broader range of $75,000 to $1,399,000. The median sits near the middle of that range, so The Palace inventory is spread fairly evenly rather than bunched at one end. We can pull recent comparable sales to price a specific home more precisely.
- What price range do homes in The Palace cover?
- Homes for sale in The Palace currently range from about $75,000 at the entry level to $1,399,000 at the top of the market. That spread reflects unit size, floor, and finish level across the condos and townhomes here, with the median list price around $1,006,000. That is a wide spread, so The Palace genuinely holds homes at very different budgets rather than one price point. Tell us your budget and must-haves and we will send the The Palace listings that actually fit.
- How long do homes take to sell in The Palace?
- Homes in The Palace are averaging 90 days on market, measured from the day a listing goes live to the day it goes under contract. That is a measured pace, which usually leaves buyers room to negotiate and makes pricing at the outset matter more for sellers. Days on market in The Palace also shift with the season and with how a home is priced, so a sharply priced listing can still sell well ahead of the average.
- Are there waterfront homes in The Palace?
- Yes. The Palace includes waterfront homes with canal, lake, or Intracoastal frontage.
About The Palace
The Palace, Miami, FL, is a waterfront community in Miami-Dade County with 6 homes for sale right now. The Palace Condo is a waterfront community in Miami, Miami-Dade County, Florida. Active listings are priced from $575,000 to $1,400,000. Homes were built starting 1981. Pure Equity lists homes in The Palace and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
Homes & Architecture
Homes for sale in The Palace
Homes for sale in The Palace offer 1 to 3 bedrooms and 2 to 2.5 baths. Floor plans span roughly 65 to 2,089 square feet. The mix here includes condo homes. Current prices run from $75,000 to $1,399,000.
Schools
Schools near The Palace
Homes for sale in The Palace are typically zoned for the Miami public schools below, based on current MLS listings. Confirm the exact attendance zone for any specific address with the Miami-Dade County school district before you buy.
- Elementary School
- Coral Way K-8
- High School
- Miami
HOA
The Palace HOA fees
- Median HOA fee
- $2,342/mo
- Typical range
- $2,342 to $2,465
- Lowest to highest
- $1,600 to $3,017
- Listings with a fee
- 5 of 6
Across the 5 homes for sale in The Palace that list an HOA fee, the median is $2,342 a month. Half of them fall between $2,342 and $2,465. Fees quoted quarterly or yearly are converted to a monthly figure so they compare directly.
The fee most often covers trash pickup, common areas, internet, grounds maintenance, cable TV and building insurance. Coverage differs from one building or section to the next, so read what a specific listing includes before comparing it with another.
Listings here most often mention elevators, fitness center, playground, pool, tennis courts and clubhouse.
5 of the 6 listings that state a pet policy allow pets, often with limits.
From current MLS listings in The Palace; the figures change as homes come and go. Confirm the fee, any special assessments and the association's rules with the HOA before you buy.
Recent Sales
Recently sold homes in The Palace
These are the last 6 recorded closings in The Palace, with the price each home actually sold for rather than what it was listed at. They closed at a median of $502 per square foot. The most recent closed on August 17, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$601,000
Sold · August 17, 2026
1541 Brickell Avenue C1505
2 bed · 2 bath · 1,697 sqft · $354/sqft
$124,000 under the asking price
Sold$740,000
Sold · July 15, 2026
1541 Brickell Avenue B3804
2 bed · 2 bath · 1,640 sqft · $451/sqft
$25,000 under the asking price
Sold$1,015,000
Sold · June 2, 2026
1541 Brickell Avenue B2904
2 bed · 2 bath · 1,640 sqft · $619/sqft
Sold$975,000
Sold · April 30, 2026
1541 Brickell Avenue C608
3 bed · 2.5 bath · 1,869 sqft · $522/sqft
$50,000 under the asking price
Sold$852,500
Sold · April 17, 2026
1541 Brickell Avenue A2301
2 bed · 2 bath · 1,697 sqft · $502/sqft
$42,500 under the asking price
Sold$750,000
Sold · April 8, 2026
1541 Brickell Avenue A2102
2 bed · 2 bath · 1,640 sqft · $457/sqft
$25,000 under the asking price
See every recorded sale in The Palace or find out what your The Palace home is worth.
Market & Value
The Palace market and home values
The The Palace real estate market reads best through the community's own recent activity, not a county-wide average. The median list price in The Palace is around $1,006,000, or roughly $619 per square foot. That sits about 68% above the Miami-Dade County median, which shows where The Palace lands in the local market. Recent asking prices have run from $75,000 to $1,399,000, so the home you choose within The Palace matters as much as the community average. Homes here have recently taken about 90 days to go under contract, a useful gauge of how quickly the The Palace market is moving. For pricing an offer or a listing, comparable sales within The Palace carry more weight than any headline number, since homes of the same type and size set the real range. Pure Equity can pull the active and recently sold homes in The Palace so you work from real numbers, not an estimate.
How It Compares
The Palace compared to nearby Miami communities
The Palace sits 3 of 7 on median price among these Miami communities. Price per square foot is the fairer comparison between communities, because it adjusts for the fact that one neighborhood builds bigger homes than another. Days on market shows how quickly each one is actually selling.
| Community | Homes | Median | $/Sq Ft | Days |
|---|---|---|---|---|
| Rise | 52 | $1,100,000 | $856 | 130 |
| Paramount Miami Worldcent | 83 | $1,035,000 | $673 | 258 |
| The Palace this page | 6 | $1,006,000 | $619 | 90 |
| Icon Brickell | 57 | $829,000 | $813 | 164 |
| Icon Brickell | 65 | $770,000 | $761 | 196 |
| Golf Park | 55 | $535,000 | $323 | 148 |
| Opera Tower | 55 | $345,000 | $479 | 180 |
Medians come from active listings in each community and move as inventory turns over. They describe the homes currently for sale, not what any one home is worth.
Who It Suits
Is The Palace right for you?
It helps to know who The Palace tends to suit before you tour. The Palace appeals to boaters and buyers who want to be on the water, whether a canal, lake, or the Intracoastal. Waterfront homes carry their own insurance and maintenance considerations, so factor wind and flood coverage into the budget from the start. On price, The Palace sits in the upper tier, drawing buyers who want more space, newer construction, or a stronger location. Whether The Palace is right for you depends on how you plan to use the home, full time or seasonally, and Pure Equity can walk you through the tradeoffs before you commit.
Amenities & Lifestyle
Living in The Palace
Waterfront homes here offer canal, lake, or Intracoastal frontage, and some sites include private dockage.
Location
The Palace location
The Palace is located in Miami, part of Miami-Dade County, Florida. The Miami area's shopping, dining, schools, and parks are all nearby, and the region's job centers, beaches, and airports are within driving distance.
Buying in The Palace
Buying a home in The Palace
The buying process in The Palace is the one used across Miami-Dade County. Getting a mortgage pre-approval first tells you your real budget and lets you move quickly when the right home comes up. Property taxes factor into the monthly payment: the median annual property tax in Miami-Dade County is about $3,516. Florida's homestead exemption lowers the taxable value of a primary residence, and the Save Our Homes cap limits how fast that assessed value can rise from year to year. Budget for homeowners insurance as well. Rates in Florida reflect wind and flood exposure, so gather quotes early and check whether a specific address sits in a FEMA flood zone. Once you are under contract, plan for a home inspection and, if you are financing, a lender appraisal, both of which fall inside the inspection period. Working with an agent who knows Miami means you see new listings in The Palace the day they reach the market.
Selling in The Palace
Selling a home in The Palace
Selling a home in The Palace starts with pricing it correctly for current conditions. List prices in The Palace currently center around $1,006,000, which is a starting reference for where a comparable home might be positioned. Homes that are decluttered, professionally photographed, and priced to recent comparable sales tend to draw the most interest in the first two weeks, when a listing is newest and gets the most views. Florida sellers usually pay the documentary stamp tax on the deed, currently $0.70 per $100 of the sale price in most counties, along with prorated property taxes and, by local custom in many areas, the owner's title insurance policy. We provide a no-obligation home valuation for The Palace owners in Miami, so you can see what your property could sell for before you commit to listing.
Thinking of Selling?
What is your The Palace home worth?
Online estimates miss what makes a home different. Tell us about yours and a licensed listing agent will send you a pricing opinion based on what has actually closed near you in The Palace.
Listing agents and seller representation in The Palace
Thinking about selling in The Palace? The agent you pick shapes two numbers: what your home closes for, and how long it takes. A listing agent, also called a seller's agent, prices the property against what has actually closed nearby. They also prepare and market it, screen the offers that arrive, and negotiate the terms rather than just the price.
Conditions in The Palace sit close to balanced, which rewards sellers who price against real closed sales instead of neighboring asking prices. Homes here are averaging about 90 days from listing to accepted offer, so build that into your moving timeline.
Community-level detail matters most here. Association rules, what the fees cover, and which buildings sell fastest all affect your outcome. So does whether a buyer needs board approval before closing. None of it appears in a listing description. All of it decides whether a sale closes on time.
Pure Equity is a licensed Florida brokerage serving The Palace. Onias Derilus is the broker of record, Florida Real Estate Broker license BK3276618. A broker holds a higher license than an agent working under one. In practice that means the person advising you on price is also the one legally responsible for the file. That matters most when a deal gets complicated.
More on this: listing agents in Miami · what does a listing agent actually do? · selling a house with an HOA violation
Realtors and real estate agents serving The Palace
People search for realtors, real estate agents, and real estate brokers more or less interchangeably. For most purposes the job title matters less than licensing and representation. Every licensed agent in Florida works under a broker. That broker carries final responsibility for the transaction.
What separates real estate professionals in The Palace is specificity. Can they answer questions about your street, not just your city? Ask what they have closed nearby and how they arrived at a price. A grounded answer cites particular recent sales. It also explains why those homes compare to yours. Vague reassurance is the warning sign.
More on this: how South Florida condos are valued · how an HOA affects your home value · taxes and money when you sell
Buyer's agents in The Palace
A buyer's agent represents the purchaser rather than the owner. They identify properties that actually fit and research what comparable homes sold for, not what they asked. They also advise on offer strategy. Finally, they manage inspection and financing deadlines through to closing.
Where buyers have room to negotiate, as they do in The Palace, the leverage is only worth something if you know where it exists and what to ask for. If you are buying and selling at the same time, which is common for people moving within Miami-Dade County, sequencing the two is its own skill: contingencies, timing, and what happens if one closing slips all need planning before either home goes on the market.
What representation costs
Real estate commissions are negotiable. No law, multiple listing service, or association sets them. If an agent tells you there is a standard rate, they are misinforming you. What you pay is agreed between you and the brokerage you hire. Get it in writing before the work begins.
Industry rules changed in 2024. Now a buyer and their agent must put compensation in a written buyer agreement before touring homes together. Sellers may still offer to contribute toward the buyer's side. However, that is negotiated rather than assumed. It is worth thinking through with your listing agent before you go live.
More on this: how commission is actually structured · seller concessions, and when to offer them · repair before listing, or sell as it stands?
Buying Instead?
Search The Palace with someone local
We will tell you which listings are worth your time, what comparable homes actually closed for, and how to structure an offer that holds up through inspection and financing.
Frequently asked questions
How do I find a listing agent in The Palace?
Ask any listing agent you interview two questions. Which homes have they closed near The Palace, and how did they arrive at their suggested price? A grounded answer names recent closed sales. It also explains why those homes compare to yours. With a median around $1,006,000 here, the gap between realistic pricing guidance and optimistic guidance is real money. Verify the license too. Florida licenses are public and searchable through the state's DBPR portal. Pure Equity is a licensed brokerage serving Miami-Dade County. You can reach the broker directly at (561) 835-5400.
What does a seller's agent actually do?
A seller's agent prices the home against comparable closed sales. Before it goes live, they advise on repairs and presentation. Then they handle photography and marketing, and put the home in front of buyers and other agents. When offers arrive, they screen them and negotiate both price and terms. Terms matter as much as the number, because inspection windows, financing contingencies, and closing dates all affect whether an offer reaches the closing table.
How much does a real estate agent cost in The Palace?
Commissions are fully negotiable. No law or real estate board sets them. What you pay is whatever you and your brokerage agree to in writing before work begins. Since the 2024 rule changes, buyers and their agents must agree compensation in a written buyer agreement before touring homes. Any seller contribution toward the buyer's side is negotiated rather than automatic. Ask any agent you interview to put their fee in writing.
What is the difference between a realtor, a real estate agent, and a broker?
A real estate agent holds a state license to represent buyers and sellers. A broker holds a higher-level license and can operate a brokerage. That broker also carries final legal responsibility for the office's transactions. Realtor is a membership term for agents belonging to the National Association of Realtors. For someone buying or selling in The Palace, three practical questions matter. Is the person licensed, who do they represent in your transaction, and what can they actually tell you about your local market?
Do I need an agent to buy a home in The Palace?
You are not legally required to use one, but most buyers in The Palace do. A buyer's agent handles the parts that are easy to get wrong. That means identifying what comparable homes actually closed for, spotting condition or association issues early, and managing inspection and financing deadlines. Even in a slower market, negotiating room is only useful if you know where it exists.
Can one agent help me sell my current home and buy the next one?
Yes. For people moving within Miami-Dade County it is often the more practical route, because one person coordinates both timelines. Sequencing is the hard part. Should your purchase be contingent on your sale? How would you cover a gap if the closings do not line up? What happens if one side is delayed? Plan all of that before either home is listed, rather than after an offer arrives.
Public Records
Look up The Palace property records
Anything on this page that affects what a home costs to own, assessed value, exemptions, flood zone, is published by a public agency. These are the official sources, not our summaries of them.
Miami-Dade County Property Appraiser
Assessed value, homestead exemption status, and recorded sales history for any parcel.
FEMA Flood Map Service Center
Look up the official flood zone for an address before you budget for insurance.
Florida Department of Revenue, property taxes
How Florida assesses property, and which exemptions you can claim.
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