Asia On Brickell Key Condo Market Category

Which Building Commands The Highest “Price Per Square Foot” On Brickell?

November 10th, 2014 Written By

Brickell Condo Blog | The Riley Smith Group

When a buyer is looking for a luxury condo on Brickell, there are 3 buildings they are usually interested in: The Four Seasons Residences, Asia on Brickell Key, and The Santa Maria. Although each very different, they have many of the same luxury amenities that someone who is paying over $700/square foot is looking for.  So far in 2014, Asia on Brickell Key has the highest average "sale price / square foot" coming in at $849.00.  The second highest is...Continue Reading!

Brickell Key Quarterly Upate

April 3rd, 2014 Written By

Brickell Condo Blog | The Riley Smith Group

Real estate on Brickell Key has been moving along at a steady pace in 2014. There have been 40 condos sold so far in the first quarter of this year (compared to 43 condos sold during the same time period of 2013).  Although the number of sales are roughly the same, we have seen the average sale price jump from $670,000 to $800,000 this year as well as an increase in the average "sale price per square foot". Below is the...Continue Reading!

Most Expensive Condos On Brickell?

December 27th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

As 2013 quickly comes to a close, I thought it would be interesting to see what the most expensive condo on the market is at the moment and on the flip side, what the most expensive condo sale has been this year. At an asking price of $21,950,000, Unit 54DEF at The Four Seasons is the highest priced listing on Brickell.  This unit offers 8,911 square feet of living space with 5 bedrooms, 6 full baths and 4 half baths.  Some...Continue Reading!

Brickell Key Condo Market Is Breaking Records In 2013

December 17th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Much like the rest of the condo market in South Florida, Brickell Key is setting records in 2013.  A few sales just came in which helped push the number of condos sold on Brickell Key to the highest levels in the history of this private island.  We also saw the average sale price on Brickell Key jump to the highest figure on record.  Some of the top selling buildings were Asia and Carbonnell, we also saw an increase in value...Continue Reading!

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!

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!

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!

Brickell Key Condo July 2013 Market Update

August 5th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Prices and Sale Price per Square Foot continue to climb year over year, but the number of sales in July 2013 is much smaller than in 2012. Inventory of available condos on Brickell key is 110. Just one more than in June. It seems that the number of sales in July are a direct relation to the number in June. June was double the previous year, and July is almost half. This is why we look at trends, because there are so...Continue Reading!

Brickell Key Condo June 2013 Market Update

July 10th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

June sales on Brickell Key SOAR!  Units at Asia start to sell. Inventory of available condos on Brickell key is 109. Hovering around the same number May’s 111. While all of the numbers are impressive, the Total Value of Sales in 2013 is more than double what it was last June. Yes, sale prices are up. Yes, list prices are also up. Yes, Average Days on the Market is down, meaning quicker sales. The other trend is that some of the priciest condos on...Continue Reading!

Brickell Key Condo April 2013 Market Update

May 6th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Property values on Brickell Key continued to climb in April. As usual, even more than Brickell in general. Here are the actual numbers: Inventory is down in April from 112 to 108 condos actively for sale on Brickell Key. Pending Sales are also down from last month. 56 in April versus 60 in March. The most expensive condo for sale on Brickell Key is still a five bedroom unit at ASIA for $9,000,000. The least expensive is one bedroom at Brickell Key II for...Continue Reading!

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