THE PALACE CONDO
Homes for Sale in Miami, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via miami
The number that matters most here is the 108-day median time on market against a small eight-sale closing window. That combination says this is a building where the right unit sells on its own timeline, and sellers who price against last year's numbers are the ones still sitting at day 100-plus. The median price of $838,750 and a $494.25 per-square-foot figure point to a building where condition and view carry more weight than any broad market trend.
A market heat score of 38 alongside a slight -1.3% year-over-year move tells you this is not a market to chase or to panic about. It is a market to negotiate in. Buyers have room to ask for concessions or price adjustments given the extended timeline sellers are already absorbing. Sellers who understand that 108 days is closer to normal than an outlier here will price to that reality rather than fight it.
THE PALACE CONDO right now
🟡 Off the recent peak. The trailing-12-month median ($839K) is down 1.3% from the prior 12 months ($850K). With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level miami closed sales, 12-month windows ending July 20. Confidence: Medium (8 and 12 sales in the two windows).
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Updated July 20, 2026 · Live data: miami, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
THE PALACE CONDO market snapshot (as of July 20, 2026): the median sale price is about $839K ($494 per sq ft over the trailing 12 months of closed sales), and a median 108 days on market for closed sales. The trailing-12-month median is down 1% from the prior 12 months, computed from record-level miami closed sales (8 closings in the current window).
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 setting & the homes.
Aerial and on-site photos of THE PALACE CONDO. Swipe to explore the community.
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THE PALACE CONDO
THE PALACE CONDO
THE PALACE CONDOPhotos from miami listings in THE PALACE CONDO; content deemed reliable but not guaranteed.
Who THE PALACE CONDO is best for.
Best for
- Buyers with flexible timelines who can wait out a market averaging over 100 days to close
- Buyers comfortable doing their own building-specific research since amenities are not documented in current listings
- Buyers targeting a mid-$800s price point who want negotiating leverage in a soft-heat market
Probably not for
- Buyers who need a fast, predictable closing timeline
- Buyers relying on broad market comps rather than unit-specific evaluation given the small closing sample
- Buyers expecting documented building amenities without direct confirmation
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 20 of each year, from record-level miami closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($839K) IS the median in the snapshot above, and the move from 2025 ($850K) IS the -1.3% one-year change.
Windows contain 0 to 20 sales each (8 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Deemed reliable but not guaranteed.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Miami-Dade County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Miami-Dade County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
9% of homes for sale in ZIP 33129 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-08-18).
THE PALACE CONDO Market Scorecard
THE PALACE CONDO is currently a balanced market., and homes go under contract in about 83 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: miami, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in THE PALACE CONDO
Live MLS inventory for THE PALACE CONDO. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending THE PALACE CONDO listings as of 2026-08-18, priced high to low. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Tap any home to ask about it.
The THE PALACE CONDO buying strategy.
If we were buying in THE PALACE CONDO today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in THE PALACE CONDO.
A Slow, Thin Market
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.
The location and the amenities are priced into every listing in THE PALACE CONDO. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
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.
THE PALACE CONDO in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a THE PALACE CONDO buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed THE PALACE CONDO sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in THE PALACE CONDO, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your THE PALACE CONDO home worth?
Get a no-obligation home value based on real comparable sales in THE PALACE CONDO, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in THE PALACE CONDO on the map →
Frequently Asked Questions
What is the median home price in THE PALACE CONDO?
How long do homes in THE PALACE CONDO take to sell?
Do cash buyers compete in THE PALACE CONDO?
Who is the best real estate agent for THE PALACE CONDO?
How do I find a top Miami real estate agent who knows THE PALACE CONDO?
Can Momentum Realty connect me with an agent for THE PALACE CONDO?
Should you buy in THE PALACE CONDO?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | miami closed sales, 12-month windows ending July 20, 2026 |
| Under-contract shares | miami records, as of 2026-07-18 |
| Historical depth | Closed-sale records back to 2012 (87 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of miami records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the miami member average and 8 days faster, and we’ll price yours against live your area comps.
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See how THE PALACE CONDO fits the bigger picture — live prices, inventory, and Momentum Scores: