Carbonell on Brickell Key – Market Update

May 20th, 2013 Written By

Built in 2006 and comprised of just 284 units, Carbonell on Brickell Key is one of my favorite buildings. Large enough to support great amenities and service staff, yet small enough to make it’s residents feel that they are living a wonderful lifestyle in a very special place.

Carbonell is located at 901 Brickell Key Boulevard and is positioned on the island so that many units have a direct water view and almost every unit has some water view. The building is very healthy financially and there are currently no short sales or foreclosures actively for sale, that we know of.

Here is an update on what is happening in the building:

Actively For Sale:

  • 14 condos
  • one to four bedrooms
  • list price range $430,000 – $2,200,000
  • average list price per square foot = $654

Accepting Back-up Offers (A contract has been accepted but with contingencies):

  • two condos
  • two bedrooms
  • list price range $697,000 – $999,000
  • average list price per square foot = $504

Pending Sale (a contract has been accepted but the transaction has not closed):

  • nine condos
  • one to four bedrooms
  • list price range $525,000 – $1,810,000
  • average list price per square foot = $561

Closed Sales (in the last 3 months):

  • seven condos
  • one to four bedrooms
  • list price range $455,000 – $1,900,000
  • average list price per square foot = $584
  • sale price range $435,000 – $1,700,000
  • average sale price per square foot = $552
  • average number of days on the market for sale = 98

It sounds like a cliche, but is a great time to consider selling, if it’s been on your mind. Less than 5% of the units in the building are for sale right now and we won’t see a new building on Brickell Key for quite some time, if ever.  The only land available is the park behind the Mandarin Oriental Hotel and surely it will be developed at some point.

Click here to view all condos for sale at Carbonell on Brickell Key

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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