The Palace
Condos for Sale in Miami, FL

The Palace Condo market snapshot (as of September 12, 2026): the median sale price is about $839K ($494 per sq ft over the trailing 12 months of closed sales), and a median 69 days on market for closed sales. The trailing-12-month median is down 1% from the prior 12 months, computed from record-level MIAMI MLS closed sales (8 closings in the current window).

In ZIP 33129 (Miami), 189 homes closed in the last 12 months at a median of $761K ($646/sq ft), down 4.2% year over year, with a median 73 days on market. Right now 167 active and 17 pending listings — a soft market. See the live ZIP 33129 housing market and the Miami-Dade County market.

MIAMI REALTORS sales records identify 30 homes in THE PALACE Condo that have changed hands since 2008, built between 1981 and 1981 (median 1981), with a median living area of about 1,697 sq ft and a typical 2-bedroom, 2-bath layout; 100% are condominiums. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

At THE PALACE CONDO in Miami-Dade County, pricing sits in the mid-$800s with per-square-foot value near $494, but with only eight recent closings, each transaction moves the median more than it would in a higher-volume building.

The median 108-day time on market is the defining fact of this building right now. That is well beyond what a fast-moving condo market would show, and it signals that buyers are taking their time on due diligence, financing, or comparison shopping before committing. Sellers should expect a longer runway to close and build that into their planning rather than treating a slow first month as a warning sign.

With only eight closings in the current window, this is a thin market where a single unusual sale, a distressed listing, or a premium view unit closing can swing the median significantly in either direction. That makes broad statements about 'the market' here less reliable than usual. The soft year-over-year change of -1.3% is modest and should be read as stability with a slight downward drift rather than a trend to extrapolate. No community amenities are identified from current MLS listings, so buyers evaluating lifestyle features should confirm building specifics directly rather than assume anything beyond the unit itself.

In a thin, slow-moving market like this one, the eight-sale sample size means pricing strategy has to be built unit-by-unit rather than pulled from a broad trend line. We track exactly which comps are driving the median and which are outliers, so sellers price to reality and buyers know when a listing is actually priced to move versus priced to test the market.

Listings in this community report association dues of about $2,342 per month ($28,104 a year) — the median AssociationFee across 8 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.