$508 Per Square Foot Avg. Two Bedroom Sale Price At Jade At Brickell

March 22nd, 2013 Written By

Jade Balcony

Unit 1508 at 1331 Brickell Bay Drive, aka, the Jade Residences at Brickell, just closed for $765,000. This is a wonderful Southeast facing two bedroom corner unit with two baths, marble floors, stainless steel appliances in the kitchen and all of the high tech features that the Jade is known for.

This unit was purchased by an investor who paid cash. It has a tenant in place until June 2013. Unit 1508 has approx 1,529 square feet of living area under a/c and astonishing views out over Key Biscayne. It has been on the market for almost one year, probably because of the tenant being in place and the building still undergoing concrete work renovation. The sale price represents exactly $500 per square foot which is just on the mark for the current average price per square foot of two bedroom unit sales in the past six months.

The concrete renovation is due to a defect in construction and the cost is being mostly covered by the developer. It hasn’t seemed to hinder sales or sale prices at all.

Unit 1508 was listed for sale by EWM Realty International.. List price was $775,000.

 Click here to view all condos in sale for The Jade at Brickell Bay.

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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