There are eleven buildings on Brickell Key, several have become great buying opportunities for the serious investor. These include the Courts Brickell Key, Courvoisier Courts and the Isola. These Miami Condo buildings are struggling, they have a very large percentage of their units for sale (see chart below). They have many short sale offerings which will become bank owned foreclosures and they are probably not collecting all the maintenance fees which are due monthly. These buildings are very risky!
If you are an investor, with cash and a long time horizon for holding, now is the time to start buying. The banks are selling at record low prices and they will have more and more inventory as the short sales foreclose.
This tables shows all eleven Brickell Key buildings. To visit our pages for each building just click on the building name.
| Building Name | Total Units |
Units For Sale |
Percent | Closed Sales |
Short Sales |
Avg List $ per SqFt |
Avg Sold $ per SqFt |
Year Built |
|---|---|---|---|---|---|---|---|---|
| Asia | 123 | 17 | 13.8% | 0 | 0 | $973 | TBD | 2008 |
| Brickell Key One | 316 | 28 | 8.9% | 7 | 1 | $341 | $294 | 1982 |
| Brickell Key Two | 397 | 33 | 8.3% | 9 | 6 | $399 | $353 | 1991 |
| Carbonell | 284 | 51 | 18.0% | 9 | 3 | $485 | $442 | 2005 |
| Courts at Brickell Key | 318 | 46 | 14.5% | 10 | 15 | $388 | $356 | 2002 |
| Courvoisier Courts | 272 | 44 | 16.2% | 5 | 15 | $281 | $260 | 1997 |
| Isola | 300 | 50 | 16.7% | 8 | 20 | $271 | $261 | 1990 |
| One Tequesta Point | 288 | 23 | 8.0% | 8 | 3 | $420 | $383 | 1995 |
| St Louis | 134 | 12 | 9.0% | 0 | 3 | $430 | TBD | 1995 |
| Three Tequesta Point | 237 | 22 | 9.3% | 8 | 2 | $498 | $462 | 2001 |
| Two Tequesta Point | 268 | 18 | 6.7% | 10 | 0 | $526 | $453 | 1998 |
As you can see from the chart below the months of inventory has been dropping for the last several month in these buildings. This is because investors have been buying.
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Brickell Key Condos Months of Inventory
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Brickell Key Condos Average Sales Price (000’s)
