Affordable Brickell Condominiums

Brickell real estate is on fire with closings taking place almost every day. Whether property in a new construction condominium or one that is established and may have buyers chomping at the bit to buy property, Brickell combines the best of a top metro area with a tropical atmosphere and landscape.  And, yes, other major metro areas feature waterfront property but no other offers panoramic views of crystal blue waters paired with the feeling of the Florida sunshine and balmy breezes.

An article in yesterday’s South Florida Business Journal stated that “Miami's Brickell financial district is among the 10 most expensive markets in the Americas to lease an office.” The article went on to state that even though it is one the most expensive, it is still substantially less than the equivalent in New York’s Midtown (about $50 per square foot compared to $130).  Because of this, companies from New York to Sao Paulo are coming to Brickell to open offices.

Real estate listings in Brickell range from about $100K to about $1.5 million making it possible for most any buyer to afford property. To provide insight as what you get for you money, here are a few affordable Brickell condominiums:

500 Brickell, 500 Brickell Avenue

Situated in the heart of Brickell, 500 Brickell Condo features two 43-story buildings with over (600) one, two and three-bedroom residences.  Its eclectically modern façade makes it very evident that it is a Related Group/Arquitectonica development that was completed in 2008.  Residents enjoy many amenities including the interactive touch panel located in each residence giving them a smart-home advantage. It exudes a metropolitan feel due to its location within walking distance to Mary Brickell Village, excellent restaurants, the Miami River Walk and more. One of the biggest attributes is that 500 Brickell appeals to all home buyers including first-time buyers.  Real estate list prices start in the low-$300s and top $2 million. Over the last six months, nine units have sold with the average number of days on the market at 218 days.  Three one-bedrooms sold from the upper-$200s to mid-$300s while six two-bedrooms sold with sale prices in the mid-$400s.  Sale prices sold at about 95 percent of list price for both levels. 

For Sale at 500 Brickell

1060 Brickell, 1060 Brickell Avenue

1060 Brickell condo features two towers with a total of 570 residences in two towers located on 1050 and 1060 Brickell Avenue. Built in 2008, this grand condo features unbelievable views, a 12-story parking garage and 24,000 square feet of retail space.  The two towers, 34 stories and 45 stories, offer a variety of floor plans ranging from studios to lofts and penthouses with oversized floor-to-ceiling windows and large terraces to enjoy the Bay breezes and beautiful views, roomy kitchens with stainless steel appliances and more.  For those who work in the center of Brickell, 1060 Brickell is the ideal location as it is close to everything in the area including consulates, Mary Brickell Village, grocery, and more. List prices fall between the high-$200s and the upper-$600s with larger residences topping $1 million making it affordable for many potential buyers.  In the last six months, there have been a total of 10 closings at 1060 Brickell.  Three studios sold in the mid to upper-$200s and averaged about 105 days on the market to sell; six one-bedrooms had sale prices from the low to upper-$300s and averaged about 155 days on the market; and, finally, only one two-bedroom unit sold at $420K but took over 430 days to sell, however, four other two-bedroom properties sold in 2014 with an average number of days on the market at only 74 days.

1060 Brickell Listings

My Brickell, 30 SE 6^th Street

Designed by Karim Rashid and developed by The Related Group, My Brickell is one of the most distinctive condominiums in Brickell.  With 192 units on 28 floors, there are a range of floor plans for studios, one and two-bedroom units with square footages ranging from 550 to almost 1,300 square feet and modern fixtures and finishes throughout each unit.  The building offers magnificent water and city views as well as unique open and lofty design, modern kitchens with stainless steel appliances and a slew of amenities that make residents feel like they are on vacation – think resort-style pool, large state-of-the-art fitness center and more.  As a new condominium completed just last year, there have already been six sales since November 2014 with sale prices between the mid-$200 and mid-$400s and the average number of days on the market at about 132 days.    List prices start in the mid-$200s and climb to about $600K.   My Brickell is a top pick for buyers who want a very metropolitan lifestyle combined with the eclectic feel that only Miami can convey.  It is centrally located within walking distance to everything in Brickell and only a short trip to the beaches.

Available Properties at My Brickell

Lots of Options in Brickell

Brickell is in a major growth mode. There are lots of options in Brickell for all buyers from buildings that have been around for years to those that have just been completed to even more in the works.  The best way to find what you want is to explore the area, select a location in this widely, sought after neighborhood, then begin the process of buying in Brickell. 

The Best One-Bedroom Deals in Brickell

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.  

For Sale at the Four Ambassadors 

101 East Flagler Street, #610, Flagler First Condominium, List Price:  $190,000

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.

For Sale at Flagler First

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. 

For Sale at the Club at Brickell

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.