One-bedroom properties in Brickell are very popular with
first-time home buyers and professionals not to mention investors in search of
some of the most sought after rental property.
The area has tons of opportunities for Miami real estate investments – some
better than others.
When comparing the value of a selection of properties, the
price per square foot is very important in looking at the value and what kind
of “deal” the list price presents. Let’s
face it – most everyone is always looking for a good deal when buying real
estate. So, with that in mind, following
are the best one-bedroom deals in Brickell:
905 Brickell Bay Drive, #424,
Four Ambassadors, List Price: $220,000
With 990 square feet, this is probably the best deal in
Brickell at just $222/square foot. Even
though it features one bedroom and two baths, there is a second room that is
perfect as a den or second bedroom. With
hardwood floors and tons of windows showcasing beautiful garden views, this is
a fantastic unit in a great building.
Its location is ideal on Biscayne Bay and within walking distance to
Mary Brickell Village and the core of the financial district. On top
of all of this, there are currently tenants in place on a month to month basis
paying $1,400/month. Common amenities
include a very nice pool with sun deck, 24-hour concierge, valet, and more. Monthly maintenance fees include
utilities. As this is an estate sale,
the accepted offer is subject to Probate Court approval prior to closing.
With 774 square feet of living space, this one bedroom is
listed at only $245 per square foot.
This unit is an end unit and has an L-shaped floor plan that creates a
lot of space and room to move. The main
area combines the great room and kitchen making it perfect for entertaining. The kitchen has granite counter tops and
stainless steel appliances. Because of
the layout, this unit offers privacy with the bedroom being away from the main
living areas. Flagler First Condominium
is located in the center of Brickell within walking distance to most anything
in Brickell. Residents enjoy the use of
a state of the art fitness center and a great rec room. This condominium, built in 2008, is a
premiere Brickell condominium and one that is on the radar for many home
buyers.
999 Brickell Bay
Drive, #1209, Four Ambassadors, List Price:
$150,000
Not the largest unit available in Brickell, it is in one of
the most sought after buildings in Brickell.
With 580 square feet and only $259 per square foot, this is a studio
that has the potential to be converted to a one-bedroom unit. It is situated in Tower 1 and gets tons of
natural light from windows that line that entire wall in the main living
area. This is an excellent investment
opportunity as rental rates for studios can range from about $1,200 to about
$1,700 per month. For residents, there
is a wonderful pool and sun deck as well as 24-hour concierge and valet. The location of the Four Ambassadors is ideal
along Biscayne Bay and within walking distance to many of the most popular
Brickell venues.
101 East Flagler Street, #202, Flagler
First Condominium, List Price: $224,500
This 857-square foot is listed at $262 per square foot in
one of Brickell’s most popular condominiums.
With an open floor plan and lots of room to move, this is a fantastic one
bedroom unit. Situated in the perfect location that is close to everything in
Brickell and Downtown Miami, the kitchen has stainless steel appliances,
granite counter tops, and sleek custom cabinetry. Similar properties in Flagler First have
tenants in place with rental rates falling between $1,400 and $1,600 or
more. With a state of the art fitness
center and rec room, this is the perfect opportunity to live in the middle of
the excitement and within walking distance to everything in the area.
1200 Brickell Bay Dr #2212, The Club at
Brickell Bay, List Price: $239,000
At only $292 per square foot, this 818-square foot unit at
the Club at Brickell Bay sits high in the air and has beautiful ocean, Bay and
city views. In fact, this unit has some
of the nicest views in the entire building. Unlike many of the one-bedroom units in
Brickell, the main living areas are separated with a self-contained kitchen
that has granite counter tops and European cabinetry. The
master bedroom is huge and features a walk-in closet and marble bath with lots
of detail. Residents also enjoy the use
of two pools, a spa, a fully equipped fitness center, steam room and so much
more. Like other Brickell condominiums,
the Club at Brickell Bay is within walking distance to many Brickell hot spots.
Value in Brickell Real Estate
There is still value in Brickell real estate with affordable
properties available as the area grows by leaps and bounds. With its popularity increasing, there are new
condominiums under construction and more in the planning stages. First time buyers and investors alike can
look at these one-bedroom units along with the others as a solid investment
that will grow in worth. Now is the time
to consider buying Brickell real estate.
I just read this study from the Bergstrom Center for Real Estate Studies at the University of Florida that reported more international investors have been showing interest in condo-conversions at least in the Orlando housing market. Just given the layout in Brickell, I'm assuming you saw some similar trends in the third quarter of this year.
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