Low Floor = Higher Price for Icon Brickell Tower One Unit 701

February 21st, 2013 Written By

Icon Brickell Pool


Unit 701, a three bedroom two and one half bath condo at 465 Brickell Avenue just sold for $1,125,000.  In the building also known as Icon Brickell Tower One, this sale sets new records for the “01” line.  At 2,044 square feet of living space this price represents approx $550/sq. ft.  It is the highest resale price so far in this new building.

Interestingly enough, unit 2201 sold just one month ago in January for $1,070,000 with obviously much better views.  The ’01 line in Icon Brickell Tower One, is the NE corner of the building and has direct River and Bay views.  One of the reasons that unit 701 sold for a higher price than unit 2201 is specifically because it is on a lower floor.  In this building the pool and amenity floor is the 15th floor.  Unit 701 is below this and does not have any noise associated with the huge pool area.  Another benefit to unit 701 is that the private parking space that comes with the condo is on the same level as the unit and the owner can walk directly from their car, into their residence.  Another reason why knowing the layouts of buildings is crucial to finding the best condo for a particular customer.  A lower floor, can actually be more attractive than the same unit on a higher floor, depending upon the building.

As of today there are five ’01 line condos for sale at Icon Brickell Tower One.  They range in price from $1,299,000 for the 11th floor to $2,595,000 for the 21st floor.  The best deal at the moment is the 11th floor which is also positioned below the pool level.  Contact us for a private showing.

Unit 701 was listed by Weichert Realtors Best Beach.

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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