Four Bedroom Short Sale at The Jade at Brickell Bay

March 12th, 2013 Written By

Jade new

Proof that there is still a shadow inventory of short sales in Brickell, a four bedroom condo at the Jade at Brickell Bay just hit the market as a short sale. Unit 3611 last sold in 2006 for $2,300,000. Since July of 2010, this condo has been for sale at various prices ranging from $2,499,000 to $2,700,000 and never sold. The listing expired in January of 2013 when it was listed at $2,450,000 and just came back on as an unapproved short sale.

The current list price is $1,950,000 which represents approx. $556/ square foot. Recent sales of four bedroom condos at the The Jade at Brickell have brought approx. $571 per square foot, particularly units 3501 and 3701 which both sold for $1,950,000. So the list price of this short sale should definitely create some interest although one could hardly call it a deal, especially since it is currently “unapproved”. Although unit # 3211 is currently for sale for $2,790,000. So only time will tell.

Only pre-qualified buyers will be allowed to view the condo. This means either a prequalification letter from a lender or a proof of funds statement. The current lender requires the ability to consider multiple offers and to have 120 days to respond to an offer.

Unit 3611 has four bedrooms and approx. 3,415 sq. feet of living area. An open floor plan, panoramic ocean & city views and over 1000 sf of outdoor living! Upscale fixtures and materials in all rooms, including Italian Slate tiles. The kitchen is high-tech and there are plenty of walls for art. Also includes a.private elevator and staff entrance.

Let us know if you’re interested. We can get you in the mix.

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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