Back in August, I posted a market update showcasing all of the 3 bedroom listings available in Brickell. At that time, there were about 70 or 80 units on the market. Flash forward to today and that number has almost doubled. Currently, there are a whopping 125 units with 3 bedrooms on the market in Brickell! In an effort to streamline the information in this post, I am only looking at 3 bedroom units that are priced below $1,000,000 (there are currently 57), and I will be focusing on price per square foot (opposed to list price).
Of the 57 active listings, the average list price per square foot is $438.33. Your best value is unit 3024 at The Club at Brickell Bay (a short sale), which is asking $264/sf ($325,000). This is a slight decline from August when the lowest price per square foot was $308 (that unit was also located at The Club).
The priciest listing is unit 1403 at the Icon Brickell, which is asking $655/sf ($995,000). Again, this is a decline from August when the priciest listing (under $1,000,000) was asking $761/sf (that unit was also located at the Icon Brickell).
This slight drop in price comes as no surprise, as Brickell’s bevy of new construction buildings has tapered the demand for resales. Take a look at all the inventory, below:
Brickell 3 Bedroom Units: Active Listings
| Address | Building Name | Sq Ft | #Beds | #FB | #HB | List Price | LP$/SqFt | YR |
| 520 BRICKELL KEY DR # ABH44 | BRICKELL KEY ONE | 2292 | 3 | 3 | 0 | 995,000 | 434.119 | 1982 |
| 495 BRICKELL AV # 1403 | Icon Brickell | 1518 | 3 | 2 | 0 | 995,000 | 655.468 | 2009 |
| 2333 BRICKELL AV # TSE | BRICKELL BAY CLUB | 2380 | 3 | 3 | 0 | 995,000 | 418.067 | 1974 |
| 801 BRICKELL AV # 1003 | COURTS BRICKELL KEY | 1659 | 3 | 3 | 0 | 980,000 | 590.717 | 2002 |
| 2101 BRICKELL AV # 3305 | SKYLINE ON BRICKELL | 1762 | 3 | 2 | 0 | 965,000 | 547.673 | 2004 |
| 701 BRICKELL KEY BL # 1003 | COURVOISIER COURTS | 1719 | 3 | 2 | 1 | 955,000 | 555.556 | 1997 |
| 701 BRICKELL KEY BL # 1812 | Courvoisier Courts | 1655 | 3 | 2 | 0 | 948,000 | 572.81 | 1997 |
| 1111 SW 1 AV # 3719-N | Axis on Brickell | 1908 | 3 | 3 | 0 | 934,500 | 489.78 | 2008 |
| 999 SW 1st AVENUE # PH10 | NINE AT MARY BRICKELL | 1434 | 3 | 3 | 0 | 927,335 | 646.677 | 2014 |
| 701 BRICKELL KEY BL # 1703 | Courvoisier Courts | 1719 | 3 | 2 | 1 | 925,000 | 538.104 | 1997 |
| 1901 BRICKELL AV # B2409 | BRICKELL PLACE | 3197 | 3 | 3 | 0 | 900,000 | 281.514 | 1975 |
| 1915 BRICKELL AV # CPH-10 | BRICKELL PLACE | 2100 | 3 | 3 | 0 | 877,000 | 417.619 | 1980 |
| 1627 BRICKELL AV # 1007 | IMPERIAL AT BRICKELL | 1792 | 3 | 2 | 1 | 859,000 | 479.353 | 1983 |
| 801 BRICKELL KEY BL # 3004 | COURTS BRICKELL KEY CONDO | 1493 | 3 | 3 | 0 | 835,000 | 559.277 | 2002 |
| 801 BRICKELL KEY BL # 2609 | COURTS | 1488 | 3 | 3 | 0 | 830,000 | 557.796 | 2002 |
| 1541 Brickell Av # B2803 | The Palace Condo | 1640 | 3 | 2 | 0 | 829,000 | 505.487 | 1981 |
| 801 BRICKELL KEY BL # 1704 | COURTS Brickell Key | 1493 | 3 | 3 | 0 | 825,000 | 552.579 | 2002 |
| 1915 BRICKELL AV # CPH7 | BRICKELL PLACE-PHASE 2 | 2048 | 3 | 3 | 0 | 825,000 | 402.832 | 1980 |
| 500 BRICKELL AV # 1901 | 500 BRICKELL EAST | 1494 | 3 | 3 | 0 | 825,000 | 552.209 | 2008 |
| 1901 BRICKELL AV # 2309B | BRICKELL PLACE | 2133 | 3 | 2 | 1 | 799,999 | 375.058 | 1975 |
| 520 BRICKELL KEY DR # A1421 | Brickell Key One | 1890 | 3 | 3 | 0 | 799,000 | 422.751 | 1982 |
| 1627 BRICKELL AV # 2505 | IMPERIAL AT BRICKELL COND | 1732 | 3 | 2 | 1 | 795,000 | 459.007 | 1983 |
| 500 BRICKELL AV # 2301 | 500 BRICKELL EAST TOWER | 1494 | 3 | 3 | 0 | 780,000 | 522.088 | 2008 |
| 1111 SW 1 AV # TH721 | Axis on Brickell | 2095 | 3 | 3 | 0 | 765,000 | 365.155 | 2008 |
| 500 BRICKELL AV # 2201 | 500 Brickell | 1494 | 3 | 3 | 0 | 759,000 | 508.032 | 2008 |
| 1155 BRICKELL BAY DR # 2904 | THE MARK | 1510 | 3 | 2 | 0 | 750,000 | 496.689 | 2001 |
| 31 SE 5 ST # 4012 | BRICKELL ON THE RIVER | 1419 | 3 | 2 | 1 | 750,000 | 528.541 | 2006 |
| 1450 BRICKELL BAY DR # 1507 | COSTA BELLA CONDO | 2059 | 3 | 3 | 0 | 749,999 | 364.254 | 1977 |
| 1627 BRICKELL AV # 1204 | IMPERIAL AT BRICKELL | 1732 | 3 | 2 | 1 | 749,900 | 432.968 | 1983 |
| 1627 BRICKELL AV # 1104 | IMPERIAL AT BRICKELL | 1732 | 3 | 2 | 1 | 739,900 | 427.194 | 1983 |
| 500 BRICKELL AV # 1801 | 500 Brickell | 1494 | 3 | 3 | 0 | 739,000 | 494.645 | 2008 |
| 1627 BRICKELL AV # 2905 | Imperial at Brickell | 1732 | 3 | 2 | 0 | 729,000 | 420.901 | 1983 |
| 1155 BRICKELL BAY DR # 3104 | THE MARK ON BRICKELL | 1510 | 3 | 2 | 0 | 725,000 | 480.132 | 2001 |
| 218 SE 14 ST # 804 | The Emerald At Brickell | 1654 | 3 | 2 | 0 | 710,000 | 429.262 | 2006 |
| 1010 SW 2 AVE # LP2106 | BRICKELL TEN | 1579 | 3 | 3 | 1 | 699,000 | 442.685 | 2016 |
| 1627 BRICKELL AV # 901 | IMPERIAL AT BRICKELL | 1792 | 3 | 2 | 1 | 695,000 | 387.835 | 1983 |
| 905 BRICKELL BAY DR # 1927 | FOUR AMBASADORS | 2080 | 3 | 3 | 0 | 690,000 | 331.731 | 1968 |
| 2025 BRICKELL AV # 2004 | ATLANTIS ON BRICKELL | 1666 | 3 | 2 | 1 | 665,000 | 399.16 | 1982 |
| 1111 SW 1 AV # 719-N | Axis on Brickell | 1799 | 3 | 3 | 649,900 | 361.256 | 2008 | |
| 905 BRICKELL BAY DR # 1530 | FOUR AMBASSADORS | 2010 | 3 | 3 | 0 | 649,000 | 322.886 | 1968 |
| 1010 SW 2 AVE # 505 | BRICKELL TEN | 1540 | 3 | 3 | 1 | 639,000 | 414.935 | 2016 |
| 31 SE 5 ST # 3721 | BRICKELL ON THE RIVER | 1513 | 3 | 2 | 1 | 630,000 | 416.391 | 2006 |
| 60 SW 13 ST # 3826 | INFINITY AT BRICKELL COND | 1568 | 3 | 3 | 0 | 625,000 | 398.597 | 2008 |
| 520 BRICKELL KEY DR # A604 | BRICKELL KEY ONE | 1624 | 3 | 3 | 0 | 625,000 | 384.852 | 1982 |
| 60 SW 13 ST # 2626 | Infinity at Brickell | 1568 | 3 | 3 | 0 | 599,000 | 382.015 | 2008 |
| 1420 BRICKELL BAY DR # 303-A | Bayshore Place Condo | 1433 | 3 | 2 | 0 | 595,000 | 415.213 | 1973 |
| 1420 BRICKELL BAY DR # 403A | BAYSHORE PLACE CONDO | 1433 | 3 | 2 | 0 | 595,000 | 415.213 | 1973 |
| 175 SE 25 RD # A10 | 25 Bay Tower Condo | 1645 | 3 | 2 | 0 | 589,000 | 358.055 | 1971 |
| 185 SW 7 ST # 3211 | LATITUDE ON THE RIVER | 1486 | 3 | 3 | 0 | 535,000 | 360.027 | 2007 |
| 1010 SW 2 AVE # 703 | BRICKELL TEN | 1394 | 3 | 2 | 1 | 532,000 | 381.636 | 2016 |
| 1200 BRICKELL BAY DR # 2802 | THE CLUB AT BRICKELL BAY | 1232 | 3 | 2 | 0 | 480,000 | 389.61 | 2005 |
| 1200 BRICKELL BAY DR # 2002 | the club at brickell bay | 1232 | 3 | 2 | 0 | 450,000 | 365.26 | 2004 |
| 690 SW 1 CT # 3122 | NEO VERTIKA | 1255 | 3 | 2 | 0 | 449,000 | 357.769 | 2006 |
| 175 SE 25 RD # F4 | 25 Bay Tower | 1367 | 3 | 2 | 0 | 439,000 | 321.141 | 1971 |
| 2201 BRICKELL AV # 25 | Brickell Mar | 1348 | 3 | 2 | 0 | 419,000 | 310.831 | 1969 |
| 690 SW 1 CT # 2921 | NEO VERTIKA | 1155 | 3 | 2 | 0 | 369,000 | 319.481 | 2006 |
| 1200 BRICKELL BAY DR # 3024 | The Club @ Brickell Bay | 1232 | 3 | 2 | 0 | 325,000 | 263.799 | 2005 |
As for closed sales, I took a look back at all of the 3 bedroom sales in the last 6 months (including listings above $1,00,000), and the average sales price per square foot was $562. Again, this is a slight decline from August when the average sales price per square foot was $585. If you exclude the properties priced above $1,000,000, the average sales price per square foot was $433.14.
The lowest priced sale was #2506 at The Vue, which sold for $227/sf ($352,800). The priciest sale was #2401 at Asia on Brickell Key, which sold for $944/sf ($1,950,000).
Check out all of the closed sales below, and as always, contact me directly at 305-799-2124 or lindsayrubens@avatarflorida.com for more information about buying or selling a condo in Brickell or the surrounding neighborhoods.
Brickell 3 Bedroom Units: Closed Sales (Last 6 Months)
| Address | Building Name | Sq Ft | #Beds | #FB | #HB | List Price | LP$/SqFt | Sale Price | SP$/SqFt | List Date | Closed Date | Year |
| 901 BRICKELL KEY BL # PH3807 | Carbonell | 3403 | 3 | 3 | 1 | 3,300,000 | 969.733 | 2,700,000 | 793.418 | 4/4/2014 | 12/18/2014 | 2005 |
| 900 BRICKELL KEY BL # 2401 | Asia Condo | 2065 | 3 | 3 | 1 | 2,099,000 | 1016.465 | 1,950,000 | 944.31 | 5/7/2014 | 10/9/2014 | 2008 |
| 900 BRICKELL KEY BL # 901 | ASIA | 2065 | 3 | 3 | 1 | 1,975,000 | 956.416 | 1,850,000 | 895.884 | 5/9/2014 | 8/5/2014 | 2008 |
| 901 BRICKELL KEY BL # 2304 | Carbonell | 2591 | 3 | 3 | 1 | 1,895,000 | 731.378 | 1,845,000 | 712.08 | 6/24/2014 | 8/4/2014 | 2005 |
| 1581 BRICKELL AV # 801 | Villa Regina | 3060 | 3 | 4 | 1 | 1,683,000 | 550 | 1,530,000 | 500 | 4/12/2014 | 9/15/2014 | 1982 |
| 2127 BRICKELL AV # 3305 | Bristol Tower | 2310 | 3 | 3 | 0 | 1,650,000 | 714.286 | 1,530,000 | 662.338 | 8/12/2014 | 9/19/2014 | 1993 |
| 848 BRICKELL KEY DR # 4106 | Three Tequesta Point | 2293 | 3 | 3 | 1 | 1,625,000 | 708.679 | 1,575,000 | 686.873 | 7/23/2014 | 10/6/2014 | 2001 |
| 1331 BRICKELL BAY DR # 3407 | JADE | 2130 | 3 | 3 | 0 | 1,625,000 | 762.911 | 1,585,000 | 744.131 | 8/16/2014 | 12/19/2014 | 2004 |
| 808 BRICKELL KEY DR # 3604 | Tequesta Two | 2510 | 3 | 3 | 1 | 1,599,999 | 637.45 | 1,540,000 | 613.546 | 8/2/2014 | 11/6/2014 | 1999 |
| 495 BRICKELL AV # 4201 | Icon Brickell Condo | 1870 | 3 | 2 | 0 | 1,475,000 | 788.77 | 1,400,000 | 748.663 | 7/23/2014 | 10/14/2014 | 2009 |
| 2127 BRICKELL AV # 501 | BRISTOL TOWER | 2600 | 3 | 4 | 0 | 1,450,000 | 557.692 | 1,400,000 | 538.462 | 6/5/2014 | 8/22/2014 | 1993 |
| 465 BRICKELL AV # 4301 | ICON BRICKELL | 1825 | 3 | 2 | 1 | 1,400,000 | 767.123 | 1,400,000 | 767.123 | 7/12/2014 | 9/11/2014 | 2008 |
| 495 BRICKELL AV # 1001 | ICON BRICKELL | 1870 | 3 | 2 | 0 | 1,350,000 | 721.925 | 1,220,000 | 652.406 | 7/9/2014 | 10/21/2014 | 2009 |
| 1395 BRICKELL AV # PH3404 | Mayfield Condo | 2082 | 3 | 3 | 0 | 1,325,000 | 636.407 | 1,312,000 | 630.163 | 6/9/2014 | 10/30/2014 | 2003 |
| 901 BRICKELL KEY BL # 1406 | CARBONELL CONDO | 1944 | 3 | 2 | 1 | 1,290,000 | 663.58 | 1,175,000 | 604.424 | 11/16/2014 | 12/30/2014 | 2005 |
| 800 CLAUGHTON ISLAND DR # 1901 | ST LOUIS CONDO | 1960 | 3 | 3 | 0 | 1,199,000 | 611.735 | 1,080,000 | 551.02 | 10/9/2014 | 12/29/2014 | 1995 |
| 701 BRICKELL KEY BL # 203 | Courvoisier Courts | 1724 | 3 | 2 | 1 | 995,000 | 577.146 | 920,000 | 533.643 | 5/12/2014 | 9/15/2014 | 1997 |
| 801 BRICKELL KEY BLVD # 3103 | THE COURTS | 1659 | 3 | 3 | 0 | 990,000 | 596.745 | 930,000 | 560.579 | 1/7/2014 | 12/4/2014 | 2002 |
| 1395 BRICKELL AV # 2602 | Mayfield | 1892 | 3 | 3 | 1 | 959,000 | 506.871 | 860,000 | 454.545 | 9/11/2013 | 8/29/2014 | 2003 |
| 1111 SW 1 AV # PH3819 | Axis on Brickell | 1908 | 3 | 3 | 0 | 945,000 | 495.283 | 880,000 | 461.216 | 3/4/2014 | 10/30/2014 | 2008 |
| 701 BRICKELL KEY BL # 2012 | COURVOISIER COURTS | 1655 | 3 | 2 | 1 | 885,000 | 534.743 | 845,000 | 510.574 | 7/28/2014 | 12/3/2014 | 1997 |
| 801 BRICKELL KEY BL # 2904 | COURTS BRICKELL KEY | 1493 | 3 | 3 | 0 | 870,000 | 582.719 | 854,000 | 572.003 | 6/27/2014 | 8/26/2014 | 2002 |
| 1925 BRICKELL AV # DPH10 | BRICKELL PLACE | 2080 | 3 | 3 | 0 | 820,000 | 394.231 | 780,000 | 375 | 5/1/2014 | 10/30/2014 | 1980 |
| 2101 BRICKELL AV # 3108 | SKYLINE ON BRICKELL | 1762 | 3 | 3 | 0 | 768,000 | 435.868 | 768,000 | 435.868 | 1/15/2014 | 8/5/2014 | 2004 |
| 520 BRICKELL KEY DR # A721 | BRICKELL KEY ONE | 1890 | 3 | 3 | 0 | 750,000 | 396.825 | 740,000 | 391.534 | 10/14/2014 | 1/15/2015 | 1982 |
| 701 BRICKELL KEY BL # 512 | Courvoisier Courts | 1725 | 3 | 2 | 1 | 749,888 | 434.718 | 749,888 | 434.718 | 5/15/2014 | 8/11/2014 | 1997 |
| 1627 BRICKELL AV # 1601 | IMPERIAL AT BRICKELL COND | 1792 | 3 | 2 | 1 | 699,000 | 390.067 | 670,000 | 373.884 | 7/21/2014 | 9/30/2014 | 1983 |
| 31 SE 5 ST # 4212 | BRICKELL ON THE RIVER | 1419 | 3 | 2 | 1 | 685,000 | 482.734 | 660,000 | 465.116 | 7/21/2014 | 12/10/2014 | 2006 |
| 31 SE 5 ST # 4115 | BRICKELL ON THE RIVER | 1513 | 3 | 2 | 1 | 645,000 | 426.305 | 625,000 | 413.087 | 7/23/2014 | 11/21/2014 | 2006 |
| 31 SE 5 ST # 3418 | BRICKELL ON THE RIVER | 1419 | 3 | 2 | 1 | 619,000 | 436.223 | 590,000 | 415.786 | 5/15/2014 | 10/15/2014 | 2006 |
| 175 SE 25 RD # A-9 | 25 BAY TOWER | 1645 | 3 | 2 | 0 | 535,000 | 325.228 | 502,000 | 305.167 | 8/1/2014 | 10/1/2014 | 1971 |
| 1250 S MIAMI AV # 2506 | Vue at Brickell Condo | 1551 | 3 | 2 | 0 | 330,300 | 212.959 | 352,800 | 227.466 | 8/27/2014 | 12/4/2014 | 2004 |
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