Bristol Tower Market Update

November 15th, 2013 Written By

Bristol Tower was built in 1993 and is located in the southern end of Brickell Avenue.  Condos at the Bristol Tower don’t turn over as often as other condos on Brickell which is why you will find just 5 listed on the market for sale right now.

You may remember our post last year which reported that Pharrell Williams had listed his Penthouse at the Bristol for $16,800,000 (later reduced to $10,900,000).  Just last week he temporarily took this unit off the market.  Perhaps after his recent marriage which he celebrated here in South Florida, he decided to keep a residence here.

So far in 2013, there have been 10 closed sales which have ranged in price from $650,000 to $1,749,000.    The average sale price per square foot is hovering around $500.00 for  condos sold at The Bristol.  This figure is about where we saw values come in during 2012, and as you can see from the chart below they are up significantly from 2010.  With little turnover and increasing values, the building is very stable and would be a sound investment for any buyer.

Bristol Market Update

To view all units on the market in the Bristol Tower click here.

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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