This Brickell Bay Club Apartment is Like an Invitation to a Fab Party

May 29th, 2013 Written By


Categorized under Brickell Bay Club Condo Market, Brickell Life, Brickell Luxury Condos, South Brickell Condo Market

Image unavailable

Right now at Brickell Bay Club there are only three condos for sale out of a total of 452 in the building. Even if most of them were for sale we think we’d want to buy this one. It was designed and renovated to maximize the space and the views and as the award winning architect and designer Rene Gonzales says himself, “I wanted the materials to reflect the light, the sky and the water.” And do they ever, which is why this condo was recently featured in CondoLiving Magazine. It is ready for you and your guests.

Brickell Bay Club

There are three bedrooms and three full baths. A customized floor plan opens and connects all public areas and the gourmet kitchen. The bay views are very impressive from every room, especially the corner wrap around balcony. Interior air conditioned space is approximately 1,890 square feet. This condo is being sold with two assigned covered parking spaces and the building has every amenity one could want, including a mini market in the building with the best empanadas and cortaditos in Brickell. Brickell Bay Club also features a bay front resort style pool and more tennis courts than any other Building in Brickell.

This apartment on the 28th floor is listed at $799,000. I know the listing agent very well and would be happy to get you in before its gone.

Brickell Bay Club is located at 2333 Brickell Avenue, part of the residential South Brickell neighborhood. The new complimentary Brickell Trolley Service provides frequent air conditioned service too all of the Brickell Area shops, restaurants and entertainment.

To view all condos for sale at Brickell Bay Club, click here.

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

Large Condos In Brickell Are In Very Short Supply

May 28th, 2013 Written By


Categorized under Brickell Key Condo Market, Brickell Luxury Condos, Brickell Real Estate, Carbonell On Brickell Key Condo Market

Carbonell 4 bedroom

For the past few months we have been writing about the shrinking inventory levels of all condos for sale in the Brickell neighborhood, including Brickell Key. Of the 629 condos that are available for sale, only 25 have four or more bedrooms. That is less than 4%. More and more families are choosing condo living, especially foreign buyers. Condos appeal to them because of the conveniences, the superior amenities and most of all, the security.

A new four bedroom condo just came on the market at Carbonell, 901 Brickell Key Boulevard, on Brickell Key. This unit is located on the 35th floor and is priced well at $2,199,000 or $769 per square foot. Here are the stats:

  • Four bedrooms with three full baths and a powder room
  • Huge Balcony with 270 degree views, including the Port of Miami, Key Biscayne and the Downtown Miami Skyline. Water views all around.
  • The layout has been customized and features a large open kitchen and great room for entertaining, a custom media room and bar.
  • The sellers have also upgraded this condo with custom wood walls and doors, an indoor waterfall and 36”x36” stunning white glass floors and a state of the art sound system
  • 2,860 square feet of air conditioned living space
  • Two assigned garage parking spaces

Contact us directly for a private showing of this condo and all of the luxurious amenities that Carbonell on Brickell Key offers its residents.

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

Knowing Trends In Brickell Helps Our Customers Make Confident Decisions

May 23rd, 2013 Written By


Categorized under Brickell Real Estate, Brickell Waterfront Condos

One of the ways that we find we are most helpful to our customers is giving them data. As much data as possible. Information is power and it helps to take the guess work out of decisions regarding:

  • Is now a good time to sell? Why?
  • Is now a good time to buy? Why?
  • What are the market trends?

This infographic was generated today using the most up to date data available. It shows clearly that in Brickell the trends over the past 12 months include:

(Click On Chart To View Larger)

Brickell Chart

  • Steadily shrinking inventory of condos for sale in Brickell
  • Steadily increasing number of condos that are Pending Sale
  • A healthy, but small number of new listings every month

So……

Its a very good time to sell, because of limited inventory and a window of time of about 12-18 months before we see a lot of resales from the buildings going up in Brickell right now.

Our buyers who are considering Brickell are buying now because of limited inventory, and increasing values. Especially in the older buildings which typically offer larger floor plans.

The trends and the numbers speak for themselves. We just help you interpret them to best meet your goals.

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!

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Written by Thomas Grimshaw | Discussion: Leave A Comment

Best Value At Carbonell At Brickell Key

May 22nd, 2013 Written By


Categorized under Brickell Real Estate, Carbonell On Brickell Key Condo Market

Carbonnell Unit

As you can probably tell, we are always analyzing. Buildings, condos, different part of Brickell, new developments etc. When we come across something that really stands out from the norm, it’s usually worth writing about.

Carbonell 2

There is a unit for sale right now at Carbonell that is really worth taking a look at. It is being offered for sale at $417 per square foot. If you read yesterday’s post, you would know that on average, condos at Carbonell have been selling for $552 per square foot. All of the other condos currently for sale are listed at over $600 per square foot. So why is this one so cheap? There are many factors that could contribute to this being such a deal. None of them affect the actual value of the unit:

  • this condo has been on and off the market for the last 4 years for-sale and for-lease at the same time
  • the for-lease price has always been a better deal than the for-sale price (until now) and so it always rented right away
  • maybe it has not been easy to show because it always has a tenant.
  • maybe it’s been for sale for so long that Realtors assume something is wrong and don’t want to bother with it

If you are interested in this large and nicely finished one bedroom with one and one half baths condo let me know. It does have a tenant on a lease until April of 2014. This condo is an excellent investment opportunity for a smart buyer who wants to take advantage of the value, the upward trending market and does not need to move in right away or even at all. It has terrific water and city views, large balcony, open kitchen, parking, marble floors and all of the exceptional Carbonell amenities.

Click here to view all condos for sale at Carbonell on Brickell Key

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

Carbonell on Brickell Key – Market Update

May 20th, 2013 Written By


Categorized under Brickell Key Condo Market, Brickell Real Estate, Brickell Waterfront Condos, Carbonell On Brickell Key Condo Market

Built in 2006 and comprised of just 284 units, Carbonell on Brickell Key is one of my favorite buildings. Large enough to support great amenities and service staff, yet small enough to make it’s residents feel that they are living a wonderful lifestyle in a very special place.

Carbonell is located at 901 Brickell Key Boulevard and is positioned on the island so that many units have a direct water view and almost every unit has some water view. The building is very healthy financially and there are currently no short sales or foreclosures actively for sale, that we know of.

Here is an update on what is happening in the building:

Actively For Sale:

  • 14 condos
  • one to four bedrooms
  • list price range $430,000 – $2,200,000
  • average list price per square foot = $654

Accepting Back-up Offers (A contract has been accepted but with contingencies):

  • two condos
  • two bedrooms
  • list price range $697,000 – $999,000
  • average list price per square foot = $504

Pending Sale (a contract has been accepted but the transaction has not closed):

  • nine condos
  • one to four bedrooms
  • list price range $525,000 – $1,810,000
  • average list price per square foot = $561

Closed Sales (in the last 3 months):

  • seven condos
  • one to four bedrooms
  • list price range $455,000 – $1,900,000
  • average list price per square foot = $584
  • sale price range $435,000 – $1,700,000
  • average sale price per square foot = $552
  • average number of days on the market for sale = 98

It sounds like a cliche, but is a great time to consider selling, if it’s been on your mind. Less than 5% of the units in the building are for sale right now and we won’t see a new building on Brickell Key for quite some time, if ever.  The only land available is the park behind the Mandarin Oriental Hotel and surely it will be developed at some point.

Click here to view all condos for sale at Carbonell on Brickell Key

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!

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Written by Thomas Grimshaw | Discussion: Leave A Comment

UPDATE on the Disclosure Surprise

May 16th, 2013 Written By


Categorized under Brickell Real Estate, Uncategorized

Brickell,_Miami

“Looks like we have a deal!” – was the text that I received late last night from the Listing Agent of the condo that my buyers had an executed contract on when we were all surprised by a Seller’s Disclosure that threatened to derail the deal.

“WOW, Great work Tom, I thought the deal had gone up in smoke!” was the text from the buyer even later last night, when I told him that the Seller had agreed to credit him at closing for the estimated cost of repairs resulting from the renovation work being undertaken by the Condo Association.

Sounds great, and it is. What nobody really knows though, is that the outcome is a result of numerous conference calls, texts and emails with the Listing Agent, Attorneys and the Condo Association. Everybody really pulled out all stops to try and keep this purchase together and it worked.

Today’s moral: If you work with responsible people who care about the outcome and are willing to go the extra mile, you can generally achieve a fair resolution.

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

Nobody Likes A Disclosure Surprise

May 14th, 2013 Written By


Categorized under Brickell Luxury Condos, Brickell Real Estate

Shock

We always tell our clients to expect the unexpected during the time from when they have an executed contract up to the actual ink on the closing documents. Invariably, there is always something that comes up, and sometimes it is important information that is best dealt with at the beginning of the contract negotiations, not after the contract is executed.

A condo deal that we are working on right now is one of these cases. All parties agreed to a fair price. The property inspection went very well. The buyer is already in the process of getting a mortgage and getting approved by the Condo Association. Lot’s of time and some money has been invested by all parties. Closing is scheduled for the end of June. Sounds nice and smooth right? What could go wrong?

The building has just begun extensive renovation work that was funded from a Special Assessment of all units and paid for by the Seller in this case. The issue that has arisen is that the work being done by the Association necessitates the removal of tiles and the hurricane shutters from the balconies of this property, and then it is the “owners” responsibility to replace the tiles and put back the hurricane shutters if they so desire. Which owner? the current owner or the possible new owner? The buyer is asking for a credit from the seller at closing to pay for this work to return the unit to the same condition that it was in when the contract was executed.

There moral of this story is that whether you are selling or buying, if you work with an experienced Realtor who has been through many potential issues, the likelihood of a surprise can be minimized. We advise all of our Sellers to Disclose, Disclose, Disclose as early as possible. We also advise all of our Buyers to ask as many questions as they need to, until they are comfortable. This is one of the reasons we have been so successful and have many repeat clients.

Let us know how we can help you.

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 Cipriani Effect at Icon Brickell Miami

May 13th, 2013 Written By


Categorized under Brickell Life, Brickell Luxury Condos, Brickell Real Estate, Brickell Waterfront Condos, Icon Brickell Tower One Condo Market, Icon Brickell Tower Three Condo Market, Icon Brickell Tower Two Condo Market

If you are a real estate fanatic, then you’ve no doubt heard about the Whole Foods Effect on a neighborhood and real estate prices. Whether or not Whole Foods has a scientific formula for the way they choose new locations in cities, or it’s just a coincidence that they open right at the inflection point when real estate values are about to go up, is up for debate. One thing that is for sure is that when the upscale retailer opens, it only adds to the desirability of living in the area.

The Cipriani family has chosen Miami and specifically Brickell for its 20th location. According to the fourth generation of the family that now runs the business, their international clientele spend a lot of time in Miami and the Brickell location will serve a lunch and dinner crowd that is much less seasonal than would be true if they decided on Miami Beach.

Cipriani Miami at Icon Brickell has been rumored about for years, and was confirmed just about a year ago. Condo owners and real estate brokers have been touting the restaurant as one of the “benefits” of living at Icon Brickell. I had lunch on opening day with a client who lives at Icon Brickell.  It was wonderful and she and her husband were thrilled that they could dine here without leaving the building.

Will the Cipriani Effect be similar to the Whole Foods Effect and help to drive increases in property values for owners at Icon Brickell? It remains to be seen. You can be sure that we will follow it and let you know. In case it does not pan out, there is no need to worry. Whole Foods is still going to open just a stones throw away, across the Miami River at Metropolitan Miami.

Click the following links to see all available condos in the three Icon Brickell Towers:

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

A Villa Regina Condo With Plenty of Room for all of Your Toys

May 10th, 2013 Written By


Categorized under Brickell Luxury Condos, Brickell Real Estate, Villa Regina Condo Market

Image unavailable

At Villa Regina, 1581 Brickell Avenue, a very unique condo is available for sale. What makes it unique is not that it has a great view, or that it is very spacious. Not even that is is nicely renovated and has just had a significant price reduction.

What makes it unique is that it comes with three assigned parking spaces and a boat slip in the building’s private marina that can accommodate up to a 46 foot vessel. Based on the inventory of condos available in Brickell today, there is nothing else like it, no matter what a buyer would be willing to pay.

Here are the stats on this particular unit:

  • Two bedrooms & two full bathrooms
  • 2,005 square feet of air conditioned living area
  • Miami city views from bedrooms
  • Nice bay views from living areas and balcony
  • 14th floor
  • Three assigned parking spaces
  • Boat slip in private building marina accommodates 46 foot boat
  • Monthly maintenance fee approx. $1,531
  • List Price: please inquire

If you have a unique condo to sell, please contact us directly. We have had great success finding unique buyers for unique properties.

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 Carlos Ott Penthouse on the 61st floor of Echo Brickell

May 9th, 2013 Written By


Categorized under Brickell Luxury Condos, Brickell New Construction Condos, Brickell Penthouses, Brickell Real Estate, Brickell Waterfront Condos, Echo Brickell Condo Market, Uncategorized

Echo Penthouse

Although not by design, the theme of the week is clearly Penthouses in Brickell.

In an article on Forbes.com today, Echo Brickell was included in a short list of the world’s tallest and most luxurious residential towers, Rise Of The Super Towers: The Next Big Thing In Luxury Housing, written by Morgan Brennan. There are many things that stand out about Echo Brickell, but in our opinion, the Carlos Ott Penthouse is one of the most unique offerings we’ve ever seen. Here is why:

  • 4 Bedrooms / 4.5 Baths + Den + Maids Room
  • Approx. 4,000 Square feet of air conditioned interior space with an additional 1,330 square feet of balconies plus 1,500 square feet of private rooftop garden space
  • Designed One-on-One with Carlos Ott
  • The Carlos Ott Penthouse at Echo Brickell truly is 1 of a kind – never before has an Echo residence been designed to fit the exact specifications desired by the residing homeowner.
  • Perched atop the Echo Brickell tower on the 61st floor (occupying the entire floor), the Carlos Ott Penthouse will offer stunning views of Biscayne Bay, the Atlantic Ocean, and Downtown Miami. Here, amongst spacious 16-foot-high ceilings, famed architect, Carlos Ott will meet with the owner to design the ultimate “residence of dreams.”
  • Specification will include everything from the layout of the walls to the overall floorplan, the surface material selections, and even the very last fixtures and window treatments.
  • 1 breathtaking top floor residence.
  • 1 private rooftop garden.
  • 1 full floor.
  • 1-on-1 personalized design creation with famed architect Carlos Ott.
  • 1 of a kind.
  • 1 available.
  • 1 home above it all
  • WalkScore of 80

The price for being #1 in so many ways? Approx. $8M at this time, subject to increase at any time prior to contract.

Contact us directly for a private and discreet discussion of options.

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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