Short Sale on Brickell Bay Drive Sells Higher than List Price

June 26th, 2013 Written By

But, the real story here is that even though most short sales have been cleared out of the system, this sale took almost five months to close after the offer was submitted and accepted by the owner in February. The lender still needed that long.

The buyer had patience. Recognized a great deal. Had the funds available in cash. And did not give up.

The end result is the buyer got a pretty good deal, in an older but well maintained waterfront building in Brickell. The building is named Costa Bella and it is located at 1450 Brickell Bay Drive, one of the only places in all of Miami with a Pedestrian walkway along the Bay.

Here are the details of this transaction:

  • Two bedrooms & two bathrooms
  • 1,030 square feet of air conditioned living area
  • Partially renovated interior – needs work
  • 16th Floor with balcony and Southeast views
  • One deeded parking space
  • Monthly maintenance fee of $563
  • Sale price of $290,000 (List price was $289,000)
  • Sale price per square foot = $282 (Brickell average in May was $397)

This unit was listed and sold by Coldwell Banker.

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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