Author Archive

Record Setting Sale At Asia Is Back On The Market

November 7th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Real estate in Miami is always interesting!  When Unit 3401 closed last month for $6,633,000 it was the highest recorded sale at Asia on Brickell Key.  This penthouse offered a private elevator, incredible views of Biscayne Bay, walls of glass, dramatic white marble floors, dipping pool and over 1,602 square feet of terraces.  This spectacular unit has just come back on the market (less than 2 months later) at a list price of $9,000,000.   That might be the biggest case...Continue Reading!

Townhouses On Brickell Offer Buyers A Unique Option

November 6th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

There are only a few townhouse properties located on Brickell and they rarely become available for sale.  Townhouses on Brickell are typically 2 story villas on the ground floor, detached from the main condo building, and have direct water views.  Townhouses are popular for buyers who want some of the benefits of a single family home as well as the amenities and the  "lock and go" lifestyle that a condo has to offer. Today I wanted to highlight a townhouse located...Continue Reading!

Brickell Key Condo Market Update

November 5th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

We received an email recently from a buyer who is interested in purchasing a condo as an investment on Brickell Key.   He is from out of town and could not believe how much prices had risen from 2 years ago when he last looked at investing on Brickell, particularly for 3 bedroom units.    Now he is ready to act quickly before prices go up any further. Take a look at the chart below which gives you a quick snapshot of...Continue Reading!

Our Clients Love Brickell Condo Data!

October 31st, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

We have access to all of the best charts and statistics for the Brickell real estate market.  Within a few minutes, we can generate the latest facts and trends for any condo building that you are interested in buying or selling in.  Although the true value of a condo unit varies depending on condition, view, line etc., these charts help give our clients an overall glimpse of the market in each individual building. Check out a few of the trends for...Continue Reading!

Full Price, Cash Offer! Investor Buys Unit 3709 In Jade At Brickell Bay

October 23rd, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

When Unit 3709 in The Jade At Brickell Bay (1331 Brickell Bay Drive) hit the market in August, I knew it would get snapped up fast.  At $1,149,000, it was priced below recent closed sales in the building.  Not surprisingly, an investor bought it for full asking price with cash in less than a week.  The condo closed last week and has already come back on the market for rent at $4,500 per month.   Broker was AG Real Estate Advisors. Here at The Riley Smith...Continue Reading!

Private Elevator Access To Mary Brickell Village And Publix? YES PLEASE!

October 21st, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Nine at Mary Brickell is slated for completion in the next year and sales have already began to stack up.  With all of the competition in the Brickell area, Nine at Mary Brickell has something unique to offer its residents....Mary Brickell Village is located just downstairs!  For the person who is looking for a true urban lifestyle, you have private elevator access to The Shops at Mary Brickell, LA Fitness Club, and Publix Supermarket.   You also have Brickell Metromover and...Continue Reading!

Rumor Has It….Brickell’s Flatiron Park SOLD To Ugo Columbo For $21 Million

October 17th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Although Brickell has plenty of blue space (as in spectacular views of Biscayne Bay) the amount of green space on Brickell leaves a little to be desired.  That is why Brickell residents are up in arms about the rumors that developer Ugo Columbo has purchased the Flatiron Park in the heart of downtown Brickell.  ExMiami has reported that Ugo Columbo purchased the land for $21 Million and already has a $12.6 Million mortgage on the land. The southern portion of the property is reportedly protected under...Continue Reading!

Change Of Heart? Millenium Tower Unit 3609 Is Back On The Market

October 10th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Unit 3609 at The Millenium Tower/Four Seasons Residences closed on September 30, 2013 for $413,000.  It has come back on the market just 10 days later for $519,000.   Although they raised the price by $100,000, it appears that the seller is simply trying to get out of the property without taking a loss.   When you factor in some room for negotiation and the 7%  that they will pay in closing costs (this includes real estate fees), it puts them slightly...Continue Reading!

Can You Still Buy A Foreclosure On Brickell?

October 9th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

A few years ago it seemed that many of our buyers were interested in buying a foreclosure because they knew that they would be buying it for a good price.  Fast forward to today and I can't even remember the last client who asked me about buying a foreclosure property.  Most buyers understand that any well priced foreclosure will turn into a bidding war and they are simply not interested in entering into a situation like that.  Also, you can't assume anymore that all REO's are undervalued.  Banks have become much smarter and have hired local agents who know the...Continue Reading!

Townhouse Sells At The Santa Maria For $4,650,000 | Highest Sale Price All Year

October 2nd, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

I recently wrote about the Townhouse residences at The Santa Maria.  These spectacular units offer 2 story views of Biscayne Bay and 5,370 square feet of living space.  I wanted to update you with Unit 2901 which just closed for a sale price of $4,650,000 or $865.00 per square foot.  It is the highest sale price, as well as the highest sale price/sq. ft. we have seen at The Santa Maria all year.   It is the second highest sale in...Continue Reading!

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