Author Archive

Brickell Key Condos For Sale

March 28th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

There is a perception that living on Brickell Key is unattainable for many because of price. We've had many customers tell us as they are beginning their search for a condo in Brickell, “Well I’d love to live on Brickell Key, but I’m sure its not in my budget.” Nonsense. Brickell Key is a 44 acre, man made island located just east of Miami’s financial center, Brickell. It’s a gated, self contained paradise for many with eleven condominium buildings, Miami’s Mandarin...Continue Reading!

$508 Per Square Foot Avg. Two Bedroom Sale Price At Jade At Brickell

March 22nd, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Unit 1508 at 1331 Brickell Bay Drive, aka, the Jade Residences at Brickell, just closed for $765,000. This is a wonderful Southeast facing two bedroom corner unit with two baths, marble floors, stainless steel appliances in the kitchen and all of the high tech features that the Jade is known for. This unit was purchased by an investor who paid cash. It has a tenant in place until June 2013. Unit 1508 has approx 1,529 square feet of living area under...Continue Reading!

Chic Studio at Viceroy at Icon Brickell Sold for $290,000

March 20th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

If you travel to Miami regularly and are sick and tired of staying in an impersonal hotel room, why not buy a studio just like this one? Unit 4305 just closed for $290,000. It was an all cash deal, with no financing involved. This condo is located in the Icon Tower three which also houses the Viceroy Hotel. It is not a hotel room. It is a 495 square foot studio with white ceramic floors, nice balcony, luxurious bathroom and...Continue Reading!

Brickell Real Estate Talk, Coming Soon!

March 19th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Our Real Estate Talks in Coconut Grove have proven to be hugely successful.  Last evening Riley gave a comprehensive analysis of the Coconut Grove real estate market to a packed house and soon we will be launching our Brickell Real Estate Talks. Based on your response to our Blog, we know there is a need for it.  To be certain that we are prepared to answer all of your questions and have a lively discussion, please tell us: What night of the...Continue Reading!

Under Contract In Less Than 60 Days – Imperial at Brickell Unit 2507

March 15th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

You know your system is working well when both buyer and seller are thrilled.  In the case of Unit 2507 at the Imperial, the Seller was only interested in selling if the price included some future value as he is very bullish on the Miami Real Estate Market.  To add some complexity to the sale, he decided to refinance just as we listed his property for sale and so it could not be in the MLS. One week later the...Continue Reading!

Townhouses at The Palace at Brickell

March 14th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

One of the most unique residential options in Brickell are the Townhouses at The Palace, they were built on the bay side of the building and seem like they are attached to the side of the garage. They are each two stories and offer the feeling of a townhouse, but all of the amenities of a luxury building in Brickell. Better, actually, because access to the townhouses is directly through the garage. As a resident, you park your car and...Continue Reading!

Four Bedroom Short Sale at The Jade at Brickell Bay

March 12th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Proof that there is still a shadow inventory of short sales in Brickell, a four bedroom condo at the Jade at Brickell Bay just hit the market as a short sale. Unit 3611 last sold in 2006 for $2,300,000. Since July of 2010, this condo has been for sale at various prices ranging from $2,499,000 to $2,700,000 and never sold. The listing expired in January of 2013 when it was listed at $2,450,000 and just came back on as an...Continue Reading!

February 2013 Brickell Key Condo Market Update

March 8th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Yesterday we published the February numbers for all of Brickell and we know many of our readers want to see Brickell Key broken out on it’s own. In so many ways Brickell Key really is it’s own Island and economy.   Where possible we’ve compared them with February 2012 to show trends.  Everything is up.  Really up!  Except Inventory and Average Days on the market with are both down.  The squeeze is on.  Have a look: The numbers speak for themselves.  The...Continue Reading!

February 2013 Shows Strong Growth in Brickell Condo Market

March 6th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

The February 2013 numbers are in!   Where possible we’ve compared them with February 2012 to show trends.  A short month with very strong growth.  Have a look for yourself: The number of sales this February vs. last February is exactly the same.  Our initial reaction was skeptical until we started crunching the numbers.  Then things started to get very interesting. Average List Price being up only indicates a Seller’s confidence in the market.  But when Average Sale Price is up 16% and...Continue Reading!

What Will $1,000,000 Buy in Brickell?

March 1st, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

This morning we were looking at everything available for sale in Brickell and Brickell Key for between $975,000 and $1,125,000.  Even though the market is busy, we were a little shocked to find only 16 condos for sale.  13 of them are two bedroom units, two are three bedroom units and there is one four bedroom for sale in this price range. It's not surprising that seven of the available condos are in the Icon Brickell Complex, since there are over 1800...Continue Reading!

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