Buying & Selling Real Estate in Brickell, Miami17 Jul Giulietta Ulloa
Whether you’re looking to sell a Brickell condo or maybe you’re in the market for the perfect Brickell Key condo for your family, we’ve prepared a quick guide that details the Brickell neighborhood as well as a host of other useful tips to help you with your various real estate transactions in this fast-developing neighborhood of Miami.
Brickell: The Neighborhood at a Glance
The fast-developing neighborhood of Miami is referred to as ‘’Manhattan of the South’’ by lots of people who’ve come to appreciate the pace at which the area is developing. It is the financial hub of the city and is at the moment witnessing rapid developments with new destinations, skyscrapers, top-notch hotels and restaurants springing up each day.
Spiraling Skyscrapers fit for the Urban Life
The neighborhood boasts some of the tallest buildings in Miami and the 15-minute drive from Brickell to the Miami International Airport offers easy access routes to South Beach as well as some of the other hip and popular spots such as the Design District and Wynwood. Along with the lavish distribution of some of the best hotels and restaurants in Miami, the Brickell neighborhood is home to a diverse range of professionals, old and young who have taken up the modern live/work/play concept. It’s also home to celebrities as well as some of the wealthiest families in Miami.
Navigating through the city is easy as it is pedestrian-friendly. It has a free trolley system with a Metrorail/Metromover station making it one of the most user-friendly locations in the Miami area. The neighborhood boasts a lot of attractions to entice both locals and tourists. The Mary Brickell Village in the heart of the neighborhood provides residents with boutiques, top-class restaurants, and entertainment to keep both locals and tourists always well-served.
Brickell City Centre
There is the magnificent Brickell City Center that cost over a billion dollars and four years to build offering the best of entertainment, shopping, hospitality and much more. Historic sites such as the Miami’s first physician office in 1904, the Brickell Mausoleum at the Brickell Park, as well as the sacred Tequesta Indian burial grounds among others are available for people looking as well as to explore history. Brickell lies south of the Miami River and among the other benefits is its close proximity to some of Miami’s happening centers such as Key Biscayne, Coconut Grove, and Little Havana among others.
Even though the Brickell neighborhood has been traditionally known as a majorly financial district housing some of the largest banking and financial corporations in the nation, it has witnessed a surge in its residential population aided by the construction of several new condominiums and apartment towers in Brickell. This development is not to be confined to the residential neighborhood of lower Brickell and has reached into Upper Brickell as well. As of 2014, the neighborhood is estimated to contain some 32,000 residents with an average household income of about $125,000.
Schools in the Brickell Neighborhood
The Brickell neighborhood is home to some of the best public schools in the nation among which are Southside Elementary School as well as Ada Merritt Elementary School. It’s also home to the Florida International University’s downtown campus, the Miami Main Library as well as lots of worship places for different faiths.
Brickell Real Estate: Market Overview
Median Prices of Brickell Apartments for Sale
The median price for a home in the Brickell neighborhood is around $400,000.  Well below the infamous million dollar listings you’ll find in other places such as Miami Beach. It is common to find penthouses listed well below a million dollars even though Miami-Dade County is known for its seemingly pricey listings.
Best-selling Brickell Condos
From our market research and study of the Brickell condo market, we’ve come to discover that certain condos with certain features and attributes seem to sell better than others. Some of these features as discovered in our findings include ocean views as well as other unique features:
• Brickell condos with waterfronts and ocean views are among the best-selling categories of Brickell apartments on sale.
• Brickell condos with special features such as corner units, high ceilings, oversized balconies and terraces, refined finishes, as well as private elevators among others are likely to sell faster than those lacking some of these features.
New Brickell Condos for Sale
Coupled with the current oversupply and price correction happening in the Brickell real estate market, the Panorama and Solitair have also entered the markets to further put pressure on the markets. Both of these brand new projects would add a whopping new 1200 units to the inventory.
The 858-foot tower is poised to deliver rental properties starting at $2500 for a one-bedroom apartment of about 1,100 to 1,200sq ft. It would rent out 2 and 3 bedroom apartments at $2800 to $3000 and $6000+ respectively.
Solitair, on the other hand, is billed to open its doors later on at the end of the year 2018, and its rental prices seem more affordable compared to the Panorama. Studios would start at $1600 to $1900 per month, one-bedroom apartments at $1850 to $2755 per month and then two-bedrooms would start at $2500 and max out at $3000.
Getting familiar with the neighborhood
The Brickell neighborhood may seem small in size but it is quite diverse and it would be a lifelong process to learn all about the ever-evolving community. Just like with anywhere else, taking out some time to learn about your to-be community’s history, culture, and people would also help you unlock the hidden beauty of the community. Beyond the confines of your home, you’ll definitely find more beautiful and ideal places to make your Brickell living a great and fantastic one.
Brickell Key Condos
The 44-acre Brickell Key community is a triangular-shaped artificial island. It is secluded and sought out by many families due to its tranquility and excellent landscape. The walkability and convenience of this Brickell area is superb. The safety and lush landscape have made it a highly sought-after community among families with young kids in need of the perfect environment to raise a family.
Brickell Key is situated a bridge away from the Brickell busy core and offers 11 excellent waterfront condos such as Isole, Brickell Key One, and Two, along with newer and luxurious models such as Asia, Carbonell, as well as the Tequesta Condos. These condos have stunning waterfront views and seem to be in high demand and so prices have slightly increased in recent years. There is an empty lot next to the Mandarin Oriental and it is even rumored that it will soon be occupied by a new luxury condo.
Brickell Condos: Best Brickell Apartments for Sale
The Brickell real estate market has a lot to offer and has over 100 different condominiums from which buyers can easily choose to buy. We’ll briefly outline some of the more popularly sought-after Brickell condos.
Jade at Brickell Bay
The Jade at Brickell Bay was built in 2004 and has since remained one of the best condos, and is popular among luxury property owners in the Brickell area of Miami. The building is home to 338 different units and is furnished and equipped with the best amenities to make life comfortable and fun. The luxury amenities are of the highest standards and the homes come fitted with high-end kitchen appliances, walk-in closets as well as jacuzzi bathtubs for luxe-living. It’s got stunning views of the bay and the city with waterfronts and convenient close proximity to many amenities.
Though it was constructed about two decades ago, the Santa Maria still retains those qualities that have made it a popular choice among locals right from inception. This Brickell condo is situated along the waterfront and so it’s got much in stock for its affluent occupants. Its long list of amenities includes a state-of-the-art gym, a spa, a clubhouse as well as 24-hour security. The building has a total of 174 units that range from single bedroom apartments to larger 7-bedroom units. There is a boat dock, tennis court, as well as tropical gardens to complement the opulence and grandeur. The units are equipped with glass railings for the balconies, floor-to-ceiling windows as well as walk-in closets. Santa Maria is considered by many to be the best luxury condo in Brickell.
Four Season Residences
The name Four Seasons would normally come across to most people as the definition of luxury and opulence. Along with the Bristol Tower, the Santa Maria, Asia, and Carbonell, the Four Seasons Residences Brickell condos are considered one of the best condominiums in Brickell. It’s fully equipped with all the luxury and amenities you’d want and has 270 apartment units ranging from studio units to three bedroom apartments.
The Bristol Tower was built in 1993. It has a total of 147 units and has one of the best resale values of condos in the Brickell area. The 40-story building has different unit sizes and configurations and is equipped with state-of-the-art amenities along with a majestic view of the bay and city.
Brickell City Centre Reach
The Brickell City Centre Reach was constructed in 2016 and is one of the few new condos in the Brickell real estate market. The building has 43 stories as well as 380 units of one to four bedroom apartments. The Reach building is equipped with the best amenities of modern day to make living a comfortable and fun experience. These include amenities such as heated lap pools, porte-cochere entrance, as well as a library. There is a 24/7 valet and concierge service, a lobby with Wi-Fi connectivity, tennis courts, a spa, as well as a fitness center.
This 120-unit condo in Brickell offers exclusive and private services making it one of the most boutique and exclusive condos in the Brickell area. There is a guard gate as well as front desk security with key access to private unit elevators, making it one of the best choices for people who are serious about privacy and security.
The Carbonell is often regarded as the best Brickell condo for families. It’s a family-friendly condo and is one of the best Brickell condos if you’re looking for the perfect family home. It’s also one of the best-run buildings in Brickell with lower maintenance fees in relation to sq ft.
Other equally excellent options include the Icon Brickell I & II, the Skyline on Brickell, the Icon Brickell III (Viceroy), among others. Some other newer condos being advertised as luxury condos include Brickell Flatiron, The Bond at Brickell, Echo Brickell, and the SLS Hotel and Residences Brickell.
Remember, only an experienced realtor with proper knowledge and experience of the market dynamics in your area of interest can help you achieve the best value from your real estate transactions. Regardless of whether you’d be buying or selling, you can always consult us today to get the best of both worlds in the exclusive real estate markets of Brickell, Key Biscayne as well as the Sunny Isles areas of Miami, Florida.