ARE WE SEEING THE BEST 1 BEDROOM SALE PRICES IN BRICKELL?
Brickell is an urban neighborhood of Miami, the second largest U.S financial district, and a financial gateway to Latin-America. Brickell makes for the best urban living as the place is full of shopping centers, restaurants and booming businesses. This is the reason people love to move to Brickell and as a result, its real estate market always sees an upward trend, but these times may be the exception. You can live and have all the fun while staying close to your workplace. There are Brickell Condos for sale that fit ever budget and taste. They are spread out through the new section of Brickell and the older parts of Brickell and the prices have been on the decline rapidly since 2015.
Learn about Brickell condos for sale - Price Range
Today sale prices of 1 bedroom condos are in the range of $200,000 - $300,000. The prices are slightly higher in newer and luxury buildings, but still on the decline or riding flat.
The prices depend on a number of factors such as:
- The year of construction
- The exact location of the condo
- The brand
- The interiors
- Area of the condo
- Number of baths
- Materials used
- Amenities provided by the building or complex
While you need to shell out some extra dollars for a newly constructed condo, there might be some room for negotiation if it is an older building. But don’t fret, older is not bad as it will put you in a mature building that is only 5-10 years old in some cases and will give you a good value. If the property is in the heart of Brickell, being in or around Mary Brickell Village where the action is, you might find some excellent buys. Moreover the available amenities in the building and the view from the condo, for instance, river front, ocean, or skyline might push up the prices slightly. But you know what they say “you get what you pay for.”
Brickell Insider Tip
“If the property is in the heart of Brickell, being in or around Mary Brickell Village where the action is, you might find some excellent buys.”
So if you have made up your mind to buy a 1 bedroom condo in Brickell, it is highly recommended to look at multiple factors before you buy one. The median price is in the range of $230,000 for a 600 sqft - 800 sqft condo. The prices decline as you get close to Downtown Miami. Condos in the Bay area will cost you a bit more than in the other areas.
Check for the following parameters when you are looking at Brickell condos for sale:
- How close is the property to Miami?
- How is the neighborhood? Are there shopping centers, schools and other facilities nearby to live comfortably?
- Construction year and quality.
- Is it a new condo or a resale?
- Prices of other condos of the same area in the neighborhood.
- The layout of the condo.
Brickell is a paradise and the hidden gem of the United States. The bars, theaters, offices and retail shopping have made the place the most sought-after. Moreover the world famous and soothing white sandy beaches of Miami Beach are only a short drive away. There are varied reasons to choose Brickell for purchasing a condo, only a few of them have been mentioned here.
So if you feel those state income tax states like New York are just out-of -reach for investing in real estate, Brickell is be the best choice for you. You can find an affordable 1 bedroom condo here at a time when prices are historically low and stay close to all the great cities and activities surrounding Brickell. Heck! If you want ditch the car and Uber, rent a scooter, rent a bicycle, and be a part of the greatest revolution in the United States.
For more information give our Brickell experts a call to get you started with your search 305-968-8397.