Have you looked at 1050 & 1060 Brickell? You should…

July 17th, 2013 Written By


Categorized under 1050 Brickell Avenue Condo Market, 1060 Brickell Condo Market, Brickell Real Estate

1050 brickell

Lately we’ve been showing a lot of units at 1050 and 1060 Brickell Avenue (formerly known as Avenue). These twin towers located right in the heart of Brickell are often overlooked. Perhaps because they are fairly non-descript on the outside, or maybe because they were finished being built in 2008, one of the low points in the last market downturn. Even experienced Brickell Realtors like us wrote them off as mediocre.

Well, we’re not embarrassed to say that we were wrong. This development enjoys one of THE BEST locations in the heart of Brickell. With a WalkScore of 86, residents here can really take advantage of luxurious urban living. Walking distance to great dining, shopping and anything else one could want in a city neighborhood. Even a French bakery/cafe located in the lobby!

Here is a new listing at 1060 Brickell that is worth taking a look at:

  • 37th floor corner unit
  • Two bedrooms and two full bathrooms plus a guest powder room
  • 1,368 square feet/127 m2 of air conditioned living area
  • Nice balcony with city and water views
  • Floor to ceiling impact glass windows and doors
  • City and water views from almost every angle
  • Garage parking for one car
  • Terrific gym, golf room, pool and common areas
  • Concierge
  • Asking price of $620,000 ( $453/sq.ft.)

Contact us directly for a private showing.

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 or send us a note here. 

The Brickell Condo Blog is the most comprehensive online source for Brickell real estate information. Whether you are looking for the latest sales, trends or homes for sale in Miami’s Brickell neighborhood, Brickell Condo Blog has it all at your fingertips. Browse information regarding the upcoming new construction projects, luxury condos, waterfront condos, foreclosures plus much more.

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Written by Thomas Grimshaw | Discussion: Leave A Comment

Just SOLD by the Riley Smith Group – Imperial at Brickell Unit 2605

July 15th, 2013 Written By


Categorized under Brickell Real Estate, Brickell Waterfront Condos, Imperial At Brickell Condo Market

Imperial on Brickell

A new client of ours from Puerto Rico just closed on their second home in Miami. After a couple of months of looking for just the right combination of location, size and value they decided on a terrific unit at 1627 Brickell Avenue, The Imperial at Brickell. It wasn’t easy because this building is currently undergoing renovation and there was a Special Assessment that had just been passed. The best part is, They love it!

Here are the details:

  • Three bedrooms with two full baths and a guest powder room
  • 1,732 square feet of air conditioned living area
  • Two large balconies providing terrific bay and city views
  • One parking space
  • Listed for sale at $579,000 and SOLD for $555,000
  • On the market for 309 days

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 or send us a note here. 

The Brickell Condo Blog is the most comprehensive online source for Brickell real estate information. Whether you are looking for the latest sales, trends or homes for sale in Miami’s Brickell neighborhood, Brickell Condo Blog has it all at your fingertips. Browse information regarding the upcoming new construction projects, luxury condos, waterfront condos, foreclosures plus much more.

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Written by Thomas Grimshaw | Discussion: Leave A Comment

Brickell Key Condo June 2013 Market Update

July 10th, 2013 Written By


Categorized under Asia On Brickell Key Condo Market, Brickell Key Condo Market, Brickell Key One Condo Market, Brickell Key Two Condo Market, Brickell Luxury Condos, Brickell Real Estate, Carbonell On Brickell Key Condo Market, Courts On Brickell Key Condo Market, Couvoisier Courts On Brickell Key Condo Market

June sales on Brickell Key SOAR!  Units at Asia start to sell.

Brickell Key June

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 Brickell Key, which were slower to sell are now moving, In fact, Asia, the last building to be built on Brickell Key saw three out of the top five sales in June of 2013.

For Seller’s this type of information should be very helpful. Price your property correctly according to current market conditions. Work with a Broker who will market your property globally, aggressively and efficiently (hint – I’m not referring to Sunday newspaper ads). You should then expect to be able to achieve a sale in 4-6 months.

We have the analysis for all individual buildings and would be happy to share them with you at your request. Please let us know what you need.

*Data provided by the SEF MLS

 

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 or send us a note here. 

The Brickell Condo Blog is the most comprehensive online source for Brickell real estate information. Whether you are looking for the latest sales, trends or homes for sale in Miami’s Brickell neighborhood, Brickell Condo Blog has it all at your fingertips. Browse information regarding the upcoming new construction projects, luxury condos, waterfront condos, foreclosures plus much more.

To Receive Our Posts Directly To Your Inbox, Submit Your Email Address Here!

Don’t Miss Today’s News From Our Other Real Estate Blogs:

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Written by Thomas Grimshaw | Discussion: Leave A Comment

Brickell Condo Market Update for June 2013

July 8th, 2013 Written By


Categorized under Brickell Real Estate

The June 2013 numbers are in! Where possible we’ve compared them with June 2012 to show trends. As expected there weren’t as many sales of condos in Brickell as there were in May, but the gains that did happen in value are amazing. Have a look:

Brickell June Update

For the third month in a row, inventory is up slightly, 34 more condos for sale this month than in May. There are now 660 condos actively for sale in Brickell. They range from a one bedroom/one bath at the Four Ambassadors complex for $184,900 up to $27,000,000 for a 9,000 square foot residence in the sky at the Millenium Towers, also known at the Four Seasons.

The big news about the numbers is that while the actual number of sales is almost exactly the same year over year, the total value of those sales is up over $10 million dollars. That is an increase of 27%. Average Sale Price per Square foot is also up 26%. But, Average numer of Days on the Market is also up over 20%. This is new. And indicates that Sellers are very confident about their asking prices. They are waiting a little longer and getting higher prices. On average, sales prices in June were within 5% of asking prices. That does not leave much room for negotiation for buyers.

Of course, we believe the data is the most important news, but if you have been paying attention to the Celebrity Real Estate News then you already know that the asking price on Pharells Penthouse at the Bristol has been chopped to $10,900,000 from the original asking price of $16,800,000. If it sold at the current price he’d be taking a hit. He paid $13,950,000 in March of 2007. Not that he can’t handle the hit.

If you are thinking of selling now is the time to get your property on the market. If you are a buyer in the market and you see something you like, do not wait.

*Data provided by the SEF MLS

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 or send us a note here. 

The Brickell Condo Blog is the most comprehensive online source for Brickell real estate information. Whether you are looking for the latest sales, trends or homes for sale in Miami’s Brickell neighborhood, Brickell Condo Blog has it all at your fingertips. Browse information regarding the upcoming new construction projects, luxury condos, waterfront condos, foreclosures plus much more.

To Receive Our Posts Directly To Your Inbox, Submit Your Email Address Here!

Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://TheRealEstateCoconut.com

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Written by Thomas Grimshaw | Discussion: Leave A Comment

Unique Bay Loft Condo at the Jade For Sale

July 1st, 2013 Written By


Categorized under Brickell Real Estate, Jade at Brickell Bay Condo Market

Jade BL 23

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.

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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 parking space
  • Private entrance just for Bay Lofts

This particular unit has a modern Moroccan design, but is also easily customized to any taste.

The list price is $1,200,000. For comparison, the other Bay loft for sale is listed at $1,450,000 and while it is slightly larger, it has the same number of beds and baths.

Click here for details on all condos currently available at the Jade at Brickell Bay, 1331 Brickell Bay Drive.

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 or send us a note here. 

The Brickell Condo Blog is the most comprehensive online source for Brickell real estate information. Whether you are looking for the latest sales, trends or homes for sale in Miami’s Brickell neighborhood, Brickell Condo Blog has it all at your fingertips. Browse information regarding the upcoming new construction projects, luxury condos, waterfront condos, foreclosures plus much more.

To Receive Our Posts Directly To Your Inbox, Submit Your Email Address Here!

Don’t Miss Today’s News From Our Other Real Estate Blogs:

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Written by Thomas Grimshaw | Discussion: Leave A Comment

The Best One Bedroom Condo on the Market Now in Brickell

June 28th, 2013 Written By


Categorized under Brickell Real Estate, South Brickell Condo Market, Villa Regina Condo Market

Image unavailable

If I was personally in the market for a one bedroom condo in Brickell, I would have this unit at Villa Regina at the top of my list. Why?

The building – Villa Regina, is in an amazing bay front location at 1581 Brickell Avenue.

Villa Regina is finishing major renovations. The results of which are impressive and will be enjoyed for years by a new owner.

The condo – is on the 18th floor facing north with terrific downtown Miami and water views.

The layout is one that can only be found in buildings built in the 80’s. When design, footprint, position and spacious units were de rigeur on Brickell Avenue.

  • One Bedroom + Den
  • 1,042 square feet of air conditioned living area
  • One full bathroom + guest powder room
  • Italian porcelain floors
  • Closets custom fitted with Elfa systems
  • Wide and deep balcony that can actually hold furniture and people
  • Exclusive use marina
  • Asking price $375,000

Guests can stay very close at one of the many Brickell area Hotels.

Contact us directly for a private showing.

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 or send us a note here.

The Brickell Condo Blog is the most comprehensive online source for Brickell real estate information. Whether you are looking for the latest sales, trends or homes for sale in Miami’s Brickell neighborhood, Brickell Condo Blog has it all at your fingertips. Browse information regarding the upcoming new construction projects, luxury condos, waterfront condos, foreclosures plus much more.

To Receive Our Posts Directly To Your Inbox, Submit Your Email Address Here!

Don’t Miss Today’s News From Our Other Real Estate Blogs:

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Written by Thomas Grimshaw | Discussion: Leave A Comment

Short Sale on Brickell Bay Drive Sells Higher than List Price

June 26th, 2013 Written By


Categorized under Brickell Real Estate

But, the real story here is that even though most short sales have been cleared out of the system, this sale took almost five months to close after the offer was submitted and accepted by the owner in February. The lender still needed that long.

The buyer had patience. Recognized a great deal. Had the funds available in cash. And did not give up.

The end result is the buyer got a pretty good deal, in an older but well maintained waterfront building in Brickell. The building is named Costa Bella and it is located at 1450 Brickell Bay Drive, one of the only places in all of Miami with a Pedestrian walkway along the Bay.

Here are the details of this transaction:

  • Two bedrooms & two bathrooms
  • 1,030 square feet of air conditioned living area
  • Partially renovated interior – needs work
  • 16th Floor with balcony and Southeast views
  • One deeded parking space
  • Monthly maintenance fee of $563
  • Sale price of $290,000 (List price was $289,000)
  • Sale price per square foot = $282 (Brickell average in May was $397)

This unit was listed and sold by Coldwell Banker.

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 or send us a note here.

The Brickell Condo Blog is the most comprehensive online source for Brickell real estate information. Whether you are looking for the latest sales, trends or homes for sale in Miami’s Brickell neighborhood, Brickell Condo Blog has it all at your fingertips. Browse information regarding the upcoming new construction projects, luxury condos, waterfront condos, foreclosures plus much more.

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Don’t Miss Today’s News From Our Other Real Estate Blogs:

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Written by Thomas Grimshaw | Discussion: Leave A Comment

UPDATE – Now Pending Sale – Bank Owned 3 Bedroom at Imperial at Brickell – $479,900

June 25th, 2013 Written By


Categorized under Brickell Real Estate, Brickell Waterfront Condos, Imperial At Brickell Condo Market

sold

Actually, it was under contract after only three days of being on the market. And it’s not because the Listing Broker has any special knowledge of the building or the improvement work going on or anything that a regular market sale requires.

It went under contract in 3 days because it was priced under market value. When a foreclosure happens and the bank finally ends up owning a property, it becomes a bad asset and needs to get off the books ASAP. That is what happened here. And there is plenty of cash sitting on the sidelines ready to act quickly.

We received calls over the weekend from readers of the blog who were interested, but it was too late.

If you’d like to be subscribed to an automatic MLS update of new listings that match your criteria, please let us know. It is the only way to find out about newly listed property at the same time as Realtors. Websites like Realtor.com, Trulia, etc. are fine for research, but are at least 24 hours or more behind in their data feeds.

We’ve already signed up many people in the last few days. If you want to compete, you need fast access to good data.

If you are selling, we can help you maximize your sale price in a reasonable amount of time. Ask us how.

 

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 or send us a note here.

The Brickell Condo Blog is the most comprehensive online source for Brickell real estate information. Whether you are looking for the latest sales, trends or homes for sale in Miami’s Brickell neighborhood, Brickell Condo Blog has it all at your fingertips. Browse information regarding the upcoming new construction projects, luxury condos, waterfront condos, foreclosures plus much more.

To Receive Our Posts Directly To Your Inbox, Submit Your Email Address Here!

Don’t Miss Today’s News From Our Other Real Estate Blogs:

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Written by Thomas Grimshaw | Discussion: Leave A Comment

Bank Owned 3 Bedroom at Imperial at Brickell – $479,900

June 21st, 2013 Written By


Categorized under Brickell Real Estate, Brickell Waterfront Condos, Imperial At Brickell Condo Market

Image unavailable

A terrific opportunity just hit the market in one of my favorite buildings in South Brickell. A three bedroom on the 10th floor at 1627 Brickell Avenue, which is now bank owned and available. It’s going to sell very fast.

How do we know this? Because a unit on the 24th floor with the exact same square footage, layout and almost the same position in the building just sold for $680,000, and it needed renovations! I don’t need to do the math for you, do I?

This condo has a terrific layout. A very long balcony with access from all rooms on the South side of the apartment, and a nice sized balcony off the kitchen and dining room on the North side. This floorplan takes up the entire width of the building in some spots, so the views are fantastic.

Here are the details:

  • Three bedrooms
  • Two full baths and one powder room
  • Water and city views
  • Bayfront building designed by Arquitectonica with nice amenities
  • 1,732 square feet of air conditioned living area
  • 400+ square feet of covered balcony space – great outdoor living
  • $479,000 which represents $277/sq. ft.

I will be previewing this condo today and can then provide more details about the condition. Since it is bank owned, it is being offered in As-Is condition with no repairs or warranty. At this price, a new owner could afford to do major renovations and still have nice equity.

Message me ASAP if you are interested in this opportunity at The Imperial at Brickell.

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 or send us a note here.

The Brickell Condo Blog is the most comprehensive online source for Brickell real estate information. Whether you are looking for the latest sales, trends or homes for sale in Miami’s Brickell neighborhood, Brickell Condo Blog has it all at your fingertips. Browse information regarding the upcoming new construction projects, luxury condos, waterfront condos, foreclosures plus much more.

To Receive Our Posts Directly To Your Inbox, Submit Your Email Address Here!

Don’t Miss Today’s News From Our Other Real Estate Blogs:

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Written by Thomas Grimshaw | Discussion: Leave A Comment

Six Bedroom Duplex PH in Brickell at $292 per square foot?

June 19th, 2013 Written By


Categorized under Brickell East Condo Market, Brickell Real Estate

Balcony

Let’s do the math on this 4,438 sq. foot Penthouse at Brickell East, located at 151 SE 15th Road, just next to the Four Seasons Miami. It is currently the only condo for sale in Brickell with 6+ bedrooms.

Average Sale Price per square foot in Brickell in May 2013 = $397.

That differential of $105/sq.ft yields $466,000 for renovations, just to get to “average”.

Brickell East was built in 1983 as a small boutique condo building just at the intersection of the residential and the business areas of Brickell Avenue. It’s position straddling the entire block from SE 15th Road to SE 14th Road allows it residents to enjoy terrific city views and bay views that will remain protected by the wide tree lined median of SE 15th Road.

The only change that will affect some views to the West is the construction of Echo Brickell. If I had to choose a neighbor, this Carlos Ott designed building would definitely be on the list.

If you are looking for a large, two-story residence, with all of the amenities and privacy and security that a condo building provides, then you need to ask us to show you this residence.

Here are more details:

  • Six bedrooms, five full bathrooms, two powder rooms
  • Five balconies – one on every corner for unlimited views
  • Double height ceilings with upper and lower floor open galleries
  • Three kitchens
  • Two living rooms
  • Two dining rooms
  • Parking for two or more cars
  • Expansive Panoramic City and Ocean Views
  • Walking distance to all Brickell area hotels, business district and dining and entertainment
  • Asking price $1,295,000 (reduced from original $1,575,000)

This is an amazing opportunity for a large two-story condo, in Miami’s most sought after location.

Contact us directly for a private showing.

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 or send us a note here. 

The Brickell Condo Blog is the most comprehensive online source for Brickell real estate information. Whether you are looking for the latest sales, trends or homes for sale in Miami’s Brickell neighborhood, Brickell Condo Blog has it all at your fingertips. Browse information regarding the upcoming new construction projects, luxury condos, waterfront condos, foreclosures plus much more.

To Receive Our Posts Directly To Your Inbox, Submit Your Email Address Here!

Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://TheRealEstateCoconut.com

http://CoralGablesRealEstateVault.com

Written by Thomas Grimshaw | Discussion: Leave A Comment

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