Brickell Waterfront Condos Category

Townhouses On Brickell Offer Buyers A Unique Option

November 6th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

There are only a few townhouse properties located on Brickell and they rarely become available for sale.  Townhouses on Brickell are typically 2 story villas on the ground floor, detached from the main condo building, and have direct water views.  Townhouses are popular for buyers who want some of the benefits of a single family home as well as the amenities and the  "lock and go" lifestyle that a condo has to offer. Today I wanted to highlight a townhouse located...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!

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!

Can You Still Buy A Foreclosure On Brickell?

October 9th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

A few years ago it seemed that many of our buyers were interested in buying a foreclosure because they knew that they would be buying it for a good price.  Fast forward to today and I can't even remember the last client who asked me about buying a foreclosure property.  Most buyers understand that any well priced foreclosure will turn into a bidding war and they are simply not interested in entering into a situation like that.  Also, you can't assume anymore that all REO's are undervalued.  Banks have become much smarter and have hired local agents who know the...Continue Reading!

Townhouse Sells At The Santa Maria For $4,650,000 | Highest Sale Price All Year

October 2nd, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

I recently wrote about the Townhouse residences at The Santa Maria.  These spectacular units offer 2 story views of Biscayne Bay and 5,370 square feet of living space.  I wanted to update you with Unit 2901 which just closed for a sale price of $4,650,000 or $865.00 per square foot.  It is the highest sale price, as well as the highest sale price/sq. ft. we have seen at The Santa Maria all year.   It is the second highest sale in...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!

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!

Market Update – Icon Brickell Tower II

September 24th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

The condo market at Icon Brickell Tower II is booming.  With 26 condos sold this year and 6 already under contract, the number of closed sales will certainly exceed last year's total of 32 sales. If you purchased a 2 bedroom unit at Icon Brickell a few years ago, you have seen your investment increase from an average of $395.00 psf in 2011, to $510.00 in today's market.  The 3 bedroom units have seen a similar increase from $500.00 psf in...Continue Reading!

“Miami Is The Condo Comeback Kid”

September 18th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

If you follow the BrickellCondoBlog.com you know that condo prices are on the rise all over Brickell.  We have seen appreciating values and higher sales in all segments of the market here.  Yesterday, The Real Deal published an article about South Florida's condo market which reinforces what we have been telling you for months.  The headline reads: "93 percent of last boom’s condos have sold…median prices appreciated 33 percent in a year…and more".  Brickell condo sales make up a majority...Continue Reading!

Unique Brickell Condos: The Townhouses At The Santa Maria

September 9th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

The Santa Maria is one of our favorite buildings on Brickell.  Most of the 174 residences at The Santa Maria range from 2,000 to 4,000 square feet.  However, there are a handful of units known as "The Townhouses" which offer 5,730 square feet of interior living space and 2 story views of the ocean.   There are currently 2 Townhouses on the market at The Santa Maria and they range in price from $5,550,000 to $5,900,000.  These unique properties are perfect...Continue Reading!

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