Another Three Bedroom Condo Sold Icon Brickell Tower Two

April 2nd, 2013 Written By

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The inventory of three bedroom condos in shrinking steadily. Especially at Icon Brickell. Yesterday, unit 3101 closed for $1,200,000. With 1,870 square feet of living area, this represents $642 per square foot. The condo was sold decorated and furnished. It has never been lived in.

The only three bedroom line in this building at 495 Brickell Avenue is the “01 Line. It is located in the Southeast corner of the building and the floor to ceiling glass offers amazing views. On a high enough floor you can see the ocean out over Key Biscayne.

In the past six months there have been four sales in the ‘01 line. Average number of days on the market was 90 and they sold for approximately 92% of asking price. This shows a tight market inventory:

  • Unit 5201 | Sale Price: $1,230,000
  • Unit 3101 | Sale Price: $1,200,000
  • Unit 2301 | Sale Price: $1,175,000
  • Unit 1501 | Sale Price: $935,000

Of course there are variations like finishes, furnished vs. unfurnished and the number of parking spaces. But the prices are really dictated by the position in the building and the view.

Currently there are five ‘01 line condos for sale and one the is pending sale:

  • Unit 2701 | Asking Price: $1,380,000
  • Unit 1101 | Asking Price: $1,350,000
  • Unit 2801 | Asking Price: $1,330,000 (2 Parking Spaces)
  • Unit 2501 | Asking Price: $1,300,000
  • Unit 1701 | Asking Price: $1,180,000
  • Unit 4001 (Pending Sale) | Asking Price: $1,450,000

It’s a great time to be a seller. We can help you find a ready, willing and able buyer with our Global Marketing Plan.

Unit 3101 was listed by Ameritrust Real Estate Company.

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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