1541 Brickell Ave C406, Miami, FL 33129 — MLS photo

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1541 Brickell Ave C406, Miami, FL 33129

Active · Condominium

$575,000

1541 Brickell Ave C406, Miami, FL 33129

Beds
1
Baths
2
Living area
1,117 sq ft
$ / sq ft
$515/sq ft
Year built
1981
Lot size
—
HOA fee
$1,600 Monthly
Annual tax
$4,977

About this property

Enjoy modern city living in this beautifully renovated 1-bedroom + den residence, featuring a versatile den (8.1 ft x 7.5 ft) and an additional room adjacent to the primary bedroom (7 ft x 7.1 ft), ideal as a walk-in closet, office, or nursery. This 2 full bath waterfront home is perfectly suited for a young family or those expecting. The thoughtfully designed layout offers an open kitchen with stainless steel appliances, ample storage, and an in-unit washer and dryer. Step onto a spacious balcony and take in serene views of palm trees and Biscayne Bay. Residents enjoy a full suite of amenities including a fully equipped gym, two lighted tennis courts, jacuzzi, lounge areas, gazebo, kids’ playroom, and BBQ area. A great opportunity, currently reduced to $575,000 due to upcoming pool renovations (June 2026–June 2027). Once completed, values are expected to increase. During this time, residents will have complimentary access to the pool at the nearby Marriott Hotel Arch, just a short 5-minute walk from The Palace. Located in the heart of Brickell, just steps from top dining, shopping, and entertainment, this residence offers the ideal blend of convenience, lifestyle, and premier Miami living. The unit is currently occupied by tenants. Showings can only be scheduled Tuesdays and Wednesdays from 6:15-7pm. Please give us at least 24 hours notice for any showing requests.

Property location

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1541 Brickell Ave C406, Miami, FL 33129

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
1,117 sq ft
Flooring
Vinyl
Appliances
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Closet Cabinetry, Eat In Kitchen, Elevator, Family Dining Room, First Floor Entry, Other, Pantry, Shower Only, Walk In Closets

Exterior & Structure

Property type
Condominium
Year built
1981
Stories
39
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Barbecue, Tennis Courts, Storm Security Shutters
Pool
Association
Waterfront
Bayfront, Riprap
View
Bay

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Garage, One Space, Valet

HOA, Community & Financials

Association fee
$1,600 Monthly
Fee inclusions
Amenities, Cable Tv, Maintenance Structure, Security, Trash
Amenities
Fitness Center, Playground, Pool, Sauna, Spa Hot Tub, Tennis Courts, Elevators
Security
Lobby Secured, Security Guard
Pets allowed
No, Yes
Annual tax
$4,977
Subdivision
THE PALACE CONDO
County
Miami-Dade
Days on market
319
MLS listing ID
A11916568
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,843

Cap rate
1.8%
Net yield
1.8%
Cash-on-cash return
-13.7%
Gross yield
7.5%
Mortgage payment
$2,726/mo
Down payment
$143,750
Loan amount
$431,250
Annual NOI
$10,592

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.