Santa Maria Unit 1103 SOLD, Now For Lease

September 11th, 2012 Written By

Unit 1103 at The Santa Maria closed recently for a sales price of $1,375,000.  This unit (listed by EWM) was on the market for 17 months (likely due to the fact that it was leased for 12 of those months).  It never had a price reduction.  With 2,180 sq. ft of living area*, the condo sold for $630/sq. ft of living space.  This is spot-on market value for a direct bayfront view 2 bed/2.5 bath condo in Brickell’s oft referred to “Premier Luxury” building.  It is now listed for lease for $7,500/mo unfurnished.

The most interesting fact here is that the buyer used conventional financing and is clearly an investor at this point, evidenced by the fact that the condo was immediately listed for lease.  It is also important to note that the sale price is exactly 95% of the listed price.

Only 15 units are currently for sale out of approx 174 in this 51 story luxury tower developed by Ugo Colombo and finished in 2007.  They range in price from $1,200,000 to $6,750,00.  There is also one private boat slip available for sale at $798,000.  This slip, #12, belonged to the developer and comes with a heavy duty boat lift which can accommodate a 90 foot boat.  The buyer must be a Santa Maria Homeowner and pays only for electricity at the slip, no taxes or maintenance fees.

View all condos for sale at the Santa Maria on Brickell by clicking here.

With strong sales this year and an abundance of buyers, Brickell is waiting for new listings.  If you are interested in placing your Brickell Condo on the market please give us a call.  We  have the experience and knowledge to get your condo sold in the quickest amount of time for the highest price possible.  We can be reached directly at 305-960-5317 anytime.

The Brickell Condo Blog is the most comprehensive online source for Brickell real estate information. Whether you are looking for the latest sales, trends or homes for sale in Miami’s Brickell neighborhood, Brickell Condo Blog has it all at your fingertips. Browse information regarding the upcoming new construction projects, luxury condos, waterfront condos, foreclosures plus much more.   If you would like to schedule a buyer or seller consultation, please feel free to contact us at 305-960-5317 or send us a note here.  We are waiting for your call.

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