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Waterfront · Condominium
$575,000$515 / sqft
1541 Brickell Ave # C406, Miami FL 33129
Listed
1
Bedrooms
2
Bathrooms
1,117 sqft
Interior
1981
Year built
$1,600 / mo
HOA
Condominium
Type
About this home
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.
Features
- First Floor Entry
- Closet Cabinetry
- Elevator
- Pantry
- Walk-In Closet(s)
- Barbeque
- Open Balcony
- Tennis Court(s)
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 1-bed rentals in Brickell, from 200 active listings; the middle half ask $3,000–$4,200.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.