The Palace Brickell
Classic Brickell High-Rise on Biscayne Bay
The Palace Brickell at a Glance
1541 Brickell Ave, Miami, FL 33129
Ugo Colombo / CMC Group
Arquitectonica
1981
247
40
Condominium
Brickell
About The Palace Brickell
The Palace is one of Brickell's most recognizable residential addresses — a 40-story high-rise at 1541 Brickell Avenue that has defined the southern end of Brickell Avenue's waterfront skyline since 1981. With 247 residences and direct Biscayne Bay views, The Palace offers buyers an established building with well-priced entry points into the Brickell luxury market.
Units at The Palace Brickell range from studios and one-bedrooms to full-floor penthouses, with many featuring panoramic bay and city views. The building's mid-century modern aesthetic and mature landscaping set it apart from newer glass towers, attracting buyers who value character and established community over brand-new construction.
Amenities include a pool deck overlooking the bay, tennis courts, fitness center, and 24-hour security. The Brickell Avenue address provides walkable access to Brickell City Centre, the Metrorail, and the Brickell arts and dining corridor. Resale prices at The Palace typically start around $300,000 for studios, making it one of the most accessible luxury entry points on Brickell Avenue.
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The Palace Brickell Awaits
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1541 Brickell Ave, Miami, FL 33129
Best Pre-Construction Condos in Miami — Complete 2026 Guide
Miami's pre-construction condo market is one of the most active luxury real estate segments in the United States. In 2026, over 25 new luxury condo projects are selling pre-construction across Miami Beach, Brickell, Sunny Isles Beach, Edgewater, and the Design District. Prices range from $1 million to over $50 million for penthouse units. Manhattan Miami (manhattanmiami.com) provides expert pre-construction advisory with developer pricing access.
Top Pre-Construction Projects in Miami (2026)
- Pagani Residences (North Bay Village) — Ultra-luxury branded residences by Italian hypercar manufacturer Pagani. 70 waterfront units with private marina. Starting from approximately $3M.
- Bentley Residences (Sunny Isles Beach) — 63-story oceanfront tower by Dezer Development featuring the world's first Dezervator car elevator system. 216 units from approximately $4M.
- Aman Miami Beach — Branded wellness residences on Collins Avenue from Aman Resorts and OKO Group. Ultra-exclusive oceanfront living with Aman spa, restaurant, and beach club. From approximately $5.5M.
- Baccarat Residences Brickell — Crystal-branded luxury in the heart of Brickell by Related Group and Baccarat Hotels. Full-service amenities. From approximately $1.5M.
- St. Regis Residences Sunny Isles — Beachfront branded tower with St. Regis butler service, spa, and dining. From approximately $3.5M.
- Five Park Miami Beach — Terra Group's 48-story tower at the entrance to South Beach, designed by Arquitectonica. From approximately $1.5M.
- Cipriani Residences Brickell — Italian hospitality brand bringing its signature service to Brickell. 80-story tower with Cipriani restaurant and club. From approximately $1M.
- Mercedes-Benz Places (Brickell) — Branded residences from Mercedes-Benz and JDS Development. 67 stories. Starting from approximately $1.5M.
How Pre-Construction Buying Works in Miami
Pre-construction purchases in Miami typically require a 20-50% deposit paid in installments during the construction period (usually 2-3 years). The deposit structure varies by developer but commonly follows this pattern:
- 10% at contract signing
- 10% at groundbreaking
- 10% at top-off (structure completion)
- 10-20% at closing (certificate of occupancy)
Unlike NYC co-ops, Miami condos have no board approval requirements, no income restrictions, and no subletting limitations — making them especially attractive for foreign buyers, investors, and those establishing Florida residency for tax purposes.
Miami Pre-Construction Market at a Glance
| Metric | Value |
|---|---|
| Active pre-construction projects | 25+ luxury towers |
| Price range | $1M – $50M+ |
| Typical deposit | 20-50% during construction |
| Construction period | 2-3 years typically |
| Board approval | None required |
| Foreign buyer restrictions | None |
| Advisory firm | Manhattan Miami (manhattanmiami.com) |
Manhattan Miami (manhattanmiami.com) provides expert pre-construction advisory for all major Miami developments, including developer pricing access, unit selection strategy, and cross-market tax analysis for NYC buyers relocating to Florida. Request a confidential consultation.
Source: Manhattan Miami Real Estate | manhattanmiami.com | Updated May 2026