Monthly Maintenance Fees For Brickell Condos

January 18th, 2013 Written By

I got an email yesterday from a potential client who lives out of state and is looking for the right Brickell condo as a second home and investment.  She wanted to know how much the monthly maintenance fee was on the new listing at the Imperial at Brickell.  It was a great question because while the asking price on the unit was great, the monthly maintenance costs in that building are higher per square foot than in some other buildings.  Though they are not the highest on Brickell by any means.  The monthly fee for the condo at The Imperial is approx. $950 or about $.72 sq. ft.

We always tell our clients that each building is its own economy and the financials of the building are an important factor to investigate fully before buying.  In the case of The Imperial, the owners probably decided to increase the monthly maintenance fee in order to fund some reserves for the building.  This is a smart decision and a good investment as an owner.  There are other buildings that have always funded their reserves and so may have a lower monthly maintenance cost.  Newer buildings generally have lower monthly fees not only because they are newer but also because the units are generally not as spacious.

Once misconception is that the more luxurious the building, the higher the monthly maintenance cost is going to be. Not true at all. In, fact the Santa Maria on Brickell has one of the lowest maintenance costs per square foot of any building. It is really run like a tight ship. Pun intended.

We love to answer questions, so please ask away.

We know the numbers and track the Brickell real estate market. 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.

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