Brickell Luxury Condos Category

Brickell Key One Unit A1715 – Great All Around

February 26th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Sometimes a condo is a great buy because of the price.  Unfortunately that usually means it will require some renovations and work.  Sometimes a condo is beautifully designed and decorated.  When this is true, it's never just how a buyer would like it and so then it seems overpriced because some of the work has to be "undone".  Sometimes it just the location that makes a property a must have.  It's rare that a condo comes on the market that...Continue Reading!

500 Brickell, Update on Two Bedroom Condos

February 25th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

We always have clients looking and ready to buy.  The challenge right now, is a lack of inventory.  Looking at 500 Brickell, a two tower development located in North Brickell very close to the Miami River and the Brickell bridge, there are only five (5) two bedroom condos currently for sale.  They range in price from $399,000 to $485,000.  Two are owner occupied and three are currently rented.  Not much to choose from especially considering that there are 633 units...Continue Reading!

Miami On the World Stage and The TODAY Show

February 23rd, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Of course we were watching the TODAY show this morning.  We knew that they were going to be live from Miami as they are every year at this time in February.  The Winter Season is in full swing and it seems like the whole world wants to be here.  Click on the link to watch the short video below and see for yourself, as a good friend and client Francisco Cerezo talks about how Miami has become one of the...Continue Reading!

Low Floor = Higher Price for Icon Brickell Tower One Unit 701

February 21st, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

  Unit 701, a three bedroom two and one half bath condo at 465 Brickell Avenue just sold for $1,125,000.  In the building also known as Icon Brickell Tower One, this sale sets new records for the "01" line.  At 2,044 square feet of living space this price represents approx $550/sq. ft.  It is the highest resale price so far in this new building. Interestingly enough, unit 2201 sold just one month ago in January for $1,070,000 with obviously much better views. ...Continue Reading!

Elegant and Sophisticated PHT 105 at Villa Regina on Brickell

February 19th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Elegant and sophisticated are two words that it could be said are very overused by Realtors.  However, there aren't any better to describe the condo that just went under contract at Villa Regina on Brickell.  The building and this unit are really one of my favorites right now.  From the pictures below, you can see why this condo was only on the market for 41 days.  It was priced well at $799,000 and stunningly designed and renovated.  I wouldn't change...Continue Reading!

We Need a Two Bedroom/Two Bath Condo in Brickell for under $500,000

February 18th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

  This morning I had a breakfast meeting with a client who is here for the long weekend.  He and his family come to Miami often and may even relocate here in the future.  They love Brickell and all it has to offer and are now ready to buy, even thinking that they should have bought two years ago.  While everyone want to time the exact botom of the market and many try to, I assured him that all indications are...Continue Reading!

Santa Maria Brickell Condo 4205 is a Posh Mix of Palm Beach With a Miami Vibe

February 15th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Lush Life, the jazz standard sung by the likes of  Sarah Vaughn, Ella Fitzgerald and recently Queen Latifa, is the song that comes to mind immediately as you enter the private elevator foyer of unit 4205.  The first thing you notice as you step into the apartment is that the ceiling have been raised to 11 feet.  The effect is powerful as you take in the commanding views of Biscayne Bay and the Atlantic Ocean to the East and Brickell...Continue Reading!

Price Reduction on Unit 2001 at the Santa Maria Brickell

February 11th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Monday mornings are often overwhelming with the amount of information regarding what happened in the Brickell Condo market over the weekend.  We try and find the most valuable piece of information and share it here. This week it’s about unit 2001 at the Santa Maria Brickell.  The price has been reduced $125,000 to $2,125,000.  This follows a similar reduction in October.  Clearly the sellers have a plan with the reductions happening almost every 60 days.  At $670/ sq. ft. unit 2001...Continue Reading!

Great Time To Buy In The Santa Maria

January 22nd, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Sometimes by chance or by luck, buyers get the possibility of leverage because it just so happens that there are similar condos for sale in the same building at the same time. This condition exists right now in the Santa Maria. One of our colleagues, Nicolas Boucher, just listed unit 3505 for sale.  It’s a gorgeous flow through unit with four bedrooms and five and one half baths. Interior space is 4,030 square feet and there are over 1,000 square...Continue Reading!

UPDATE $2.8M Price Chop on Pharrell’s Brickell Penthouse

January 16th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

I guess the answer to my question is no.  If you remember, in November we wrote about whether or not a price premium would be paid by a buyer just because a property was owned by a celebrity.  You can read that post here.  That was the day that PH4000 at The Bristol Tower on Brickell went on the market for $16,800,000.  Less than two months later the price has been chopped to $13,999,000.  That means that he will be...Continue Reading!

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