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Waterfront · Condominium
$1,399,000$670 / sqft
1541 Brickell Ave # C1607, Miami FL 33129
Listed
3
Bedrooms
3
Bathrooms
2,089 sqft
Interior
1981
Year built
$3,017 / mo
HOA
Condominium
Type
About this home
Incredible opportunity to own a 3-bedroom, 2.5-bath corner residence in the coveted “step” section of The Palace Condominium, one of only a few of its kind in the building. This spacious and private home offers a highly desirable floor plan, porcelain floors throughout, and a large terrace with breathtaking Biscayne Bay views, perfect for enjoying morning coffee at sunrise or dinners under the moonlight. The residence includes two assigned parking spaces and is ideally located in the residential section of Brickell Avenue, just a short walk to top restaurants, entertainment, and the Financial District. The Palace offers excellent amenities, including newly redesigned summer kitchen areas, fitness center, tennis courts, kids’ playroom, and valet for guests.
Features
- Lobby
- First Floor Entry
- Elevator
- Utility Room/Laundry
- Barbeque
- Open Balcony
- Tennis Court(s)
- Bay
- Garden View
- Ocean View
- Water View
Leasing
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 3-bed rentals in Brickell, from 102 active listings; the middle half ask $7,200–$14,700.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.