REO at Courvoisier Courts on Brickell Key

March 29th, 2013 Written By

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Unit 2404 at 701 Brickell Key Drive, also known as Courvoisier Courts, on Brickell Key, just came on the market as an REO listing. In case you are not familiar, REO stands for Real Estate Owned, and it means that it is now owned by corporate entity, because of a foreclosure.

It’s a two bedroom, two and one half bath condo with 1,230 square feet of living area under air conditioning. It also has a nice balcony with view across Brickell Key to the ocean beyond. It’s a nice unit, though for today’s buyer, it will need some upgrades. It is freshly painted white, with ceramic tile in the kitchen and baths and new carpet in the living room and bedrooms. It has in unit laundry and does include one covered parking space.

Maintenance on this unit is reported as $813/mo. Buyer’s must be buying as owner occupants, so this is not one for investors, at least not at purchase time. Although the building does allow one lease per year. The asking price of $419,900 represents $341 per square foot. The last “04 line that sold was unit 1004. It sold for $421,500 after only 40 days on the market. However, it was totally and very nicely renovated. I think the asking price for Unit 2404 is definitely market value, Over time, the new owner can add renovations, but the view from the corner on the 24th floor, is much better than the view from the same unit on the 10th floor.

If you are interested in making an offer on this unit please contact us ASAP. The offers will be reviewed by the seller every 16 days.

This unit is listed by The Keyes Co and is one of only 3 two bedroom units currently for sale.

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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