Jade at Brickell Bay Condo Market Category

The Luxury Condo Market On Brickell

November 21st, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

The South Florida luxury condo market has performed extremely well this year.  In fact, during 2013 Miami-Dade County has averaged 87 $1,000,000+ condos sold every month.  The Brickell market makes up approximately 10 of those sales. With 18 sales over $1,000,000, The Jade Residences has been the most active luxury condo building on Brickell this year. 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...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!

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!

Unique Bay Loft Condo at the Jade For Sale

July 1st, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

In addition to being one of the premier waterfront buildings in Brickell, The Jade Brickell has a few very unique units. The Bay Lofts are on the East side of the building and face the open Biscayne Bay directly. There are only two of these special units currently for sale. The one that just came for sale features:: One Bedroom + Den Two full bathrooms 1,246 square feet of air conditioned living area Multi-level design HUGE and private bayfront terrace Italian Snaidero kitchen Custom media and surround sound One...Continue Reading!

OPPORTUNITY ALERT! Foreclosure at the Jade Brickell at Brickell Bay

June 14th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Just when it seemed like all of the short sales and foreclosures in the Brickell area had been cleared out and snapped up, we are starting to see a few show up on the market. The backlog of cases in the court system would suggest that we may continue to see this for quite some time, though not en masse. A one bedroom condo with one bathroom is on the market now for $369,000 or $412 per square foot (83m2). This...Continue Reading!

Jade Brickell Reaches New High Sale Price per Square Foot

May 2nd, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Unit 2311 at the Jade Residences at Brickell closed yesterday after just 26 days on the market. The sale price of $1,275,000 is 98% of the list price which was $1,300,000. Of course this condo was beautifully furnished and finished, which contributed to the quick sale and record price. Unit 2311 stats: Two bedrooms Two and one half bathrooms 1,878 square feet of air-conditioned living area Corner unit facing East with direct Bay and Ocean Views Wrap-around balcony Marble and wood flooring throughout The most important news here...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!

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!

What Will $500,000 Buy In Brickell?

December 14th, 2012 Written By

Brickell Condo Blog | The Riley Smith Group

Somebody looking for a place to live approaches the market with their wants and needs as the driving force and trying to maximize what their budget will allow. An investor approaches it slightly differently. The budget is the priority and then maximizing their potential ROI from the purchase. An investor customer asked me this week, “What will $500,000 get me in Brickell?” My answer was the same as it always is. “The answer is dependent upon the building” A perfect example...Continue Reading!

The Jade Residences at Brickell Bay – 5 Year Trends

December 7th, 2012 Written By

Brickell Condo Blog | The Riley Smith Group

Anyone buying property right now has to look at their purchase as an investment, even if it is the home of their dreams that they never plan to leave.  Here is a look at the past five years of sales at 1331 Brickell Bay Drive also known as the Jade Residences at Brickell Bay: There are many conclusions that can be drawn from the data.  The Jade, like many buildings in Miami, went through a period of turmoil with units going...Continue Reading!

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