500 Brickell, Update on Two Bedroom Condos

February 25th, 2013 Written By

500 brickell building circle

We always have clients looking and ready to buy.  The challenge right now, is a lack of inventory.  Looking at 500 Brickell, a two tower development located in North Brickell very close to the Miami River and the Brickell bridge, there are only five (5) two bedroom condos currently for sale.  They range in price from $399,000 to $485,000.  Two are owner occupied and three are currently rented.  Not much to choose from especially considering that there are 633 units in the 500 Brickell complex.  The complex consists of two towers connected be a 10 story base and a circular crown at the top which is designed to direct sunlight into the pool and amenities.  It was designed in by Arquitectonica and developed by the Related Group.  It was completed in 2008.

Here are some statistics from sales of two bedroom condos from the past six months:

  • 4 condos have sold
  • 1,193 square feet of air conditioned living space is average size
  • $431,250 has been the average sale price
  • $362 has been the average price per spare foot
  • Days On Market has been approx 72
  • Monthly HOA fees are approx $750-$850 depending upon unit square footage
  • most condos come with one covered parking space

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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