Author Archive

Why Is The Jade At Brickell Bay So Popular?

October 1st, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

One of the buildings that clients always ask us about is The Jade at Brickell Bay.  Completed in 2004, it is one of the newer construction condos in the North Brickell neighborhood.   This 48 story high rise is home to 326 residences which range in size from 895 square feet to 1,863 square feet.  The amenities at The Jade include a European spa, fitness center, infinity edge lap pool overlooking Biscayne Bay plus much more.  Some of the special features that help The Jade stand...Continue Reading!

Brickell Key, Did You Know?

September 25th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Brickell Key is a private island located at the mouth of the Miami River and is home to more than 2,000 condo units.  Many people don't know that the history of Brickell Key began more than 100 years ago. In 1896 Henry Flagler, a key figure in the development of the east coast of Florida had a 9 foot channel dug out at the entrance of the Miami River.  In doing so, he created two small islands.   These islands were purchased...Continue Reading!

Market Update – Icon Brickell Tower II

September 24th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

The condo market at Icon Brickell Tower II is booming.  With 26 condos sold this year and 6 already under contract, the number of closed sales will certainly exceed last year's total of 32 sales. If you purchased a 2 bedroom unit at Icon Brickell a few years ago, you have seen your investment increase from an average of $395.00 psf in 2011, to $510.00 in today's market.  The 3 bedroom units have seen a similar increase from $500.00 psf in...Continue Reading!

“Miami Is The Condo Comeback Kid”

September 18th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

If you follow the BrickellCondoBlog.com you know that condo prices are on the rise all over Brickell.  We have seen appreciating values and higher sales in all segments of the market here.  Yesterday, The Real Deal published an article about South Florida's condo market which reinforces what we have been telling you for months.  The headline reads: "93 percent of last boom’s condos have sold…median prices appreciated 33 percent in a year…and more".  Brickell condo sales make up a majority...Continue Reading!

40 Year Inspections Causing Problems For Buyers

September 12th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Brickell has a nice combination of newer buildings mixed with older ones.  Some buyers prefer the contemporary aesthetic, amenities and services offered by some of the newer construction condos, while other buyers go with a renovated unit on an older building because you can get more bang for your buck.  It all comes down to the buyer's personal preferences. One issue we are seeing right now with the older condo buildings on Brickell is that many are undergoing their 40 Year...Continue Reading!

Unique Brickell Condos: The Townhouses At The Santa Maria

September 9th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

The Santa Maria is one of our favorite buildings on Brickell.  Most of the 174 residences at The Santa Maria range from 2,000 to 4,000 square feet.  However, there are a handful of units known as "The Townhouses" which offer 5,730 square feet of interior living space and 2 story views of the ocean.   There are currently 2 Townhouses on the market at The Santa Maria and they range in price from $5,550,000 to $5,900,000.  These unique properties are perfect...Continue Reading!

Not Much Room For Negotiation On Brickell

September 7th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Buyers are very educated about the market these days and they know a well priced condo when they see one.  A serious buyer makes a solid offer that is in line with the recent comparables.  This week, we saw 5 condos on Brickell that were priced perfectly and sold within 96% (on average) of their list price. It is important to work with Realtors such as The Riley Smith Group who know the market and track the numbers.  If you are interested in buying or...Continue Reading!

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