Santa Maria Condo Market Category

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 Santa Maria On Brickell – 5 Year Trends

December 11th, 2012 Written By

Brickell Condo Blog | The Riley Smith Group

Even the extreme high end of condo buildings was not completely immune to market fluctuations over the past five years. Here is a look at the past five years of sales at The Santa Maria on Brickell. Developed and built in 1997 by Ugo Columbo and still considered to be one of the finest addresses in Miami, The Santa Maria is located on the bayfront at 1643 Brickell Avenue. Year # Closed Sales Average Sale Price/Square Foot Average Days on Market 2008 9 $640 123 2009 11 $587 216 2010 14 $660 217 2011 18 $649 293 2012* 12 $649 297 We always tell...Continue Reading!

Just Sold On Brickell By The Riley Smith Group! Unit 904 At The Santa Maria

October 1st, 2012 Written By

Brickell Condo Blog | The Riley Smith Group

Sold is our favorite four letter word.  Especially when it is associated with one of our own customers.  Dominique Duque, a member of The Riley Smith Group, just helped her customers close on this beautiful two bedroom, three and a half bath condominium at The Santa Maria on Brickell.  The Santa Maria is consistently referred to as the most prestigious condominium building in Miami.  This customer just loved the fact that the water view from the 9th floor gave them the feeling...Continue Reading!

Santa Maria Unit 1103 SOLD, Now For Lease

September 11th, 2012 Written By

Brickell Condo Blog | The Riley Smith Group

Unit 1103 at The Santa Maria closed recently for a sales price of $1,375,000.  This unit (listed by EWM) was on the market for 17 months (likely due to the fact that it was leased for 12 of those months).  It never had a price reduction.  With 2,180 sq. ft of living area*, the condo sold for $630/sq. ft of living space.  This is spot-on market value for a direct bayfront view 2 bed/2.5 bath condo in Brickell’s oft referred to...Continue Reading!

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