Miami New Construction Spotlight – ECHO Brickell

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It’s no secret that Miami is undergoing a new condo boom; in fact, Cranespotters reports that more than 145 new condo towers with nearly 20,000 units have been proposed in the tricounty South Florida region of Miami-Dade, Broward, and Palm Beach as of July 31, 2013.  Since I am frequently asked about these new projects, I thought it would be helpful to highlight some of the new buildings.  This week, I’m kicking things off with one of my favorite new construction condominiums: ECHO Brickell.

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Echo Brickell, a boutique luxury development with 180 units and 57 stories, is truly a special project.  Located  at 1451 Brickell Ave. on the east-side of Brickell Avenue, many of the units will have unobstructed bay views.  Developed by New York-based Property Markets Group (PMG), Echo Brickell is the sister project to Echo Aventura, which broke ground last year.

Echo Brickell will feature conceptual design by world-renowned architect Carlos Ott and interior design by yoo Studio.  One of the most unique features of Echo is that all units will be delivered “furniture ready” – completely finished!  This is a major difference from the standard “designer ready” model of other buildings where units are delivered with kitchens, baths, and bathroom floors, but are otherwise raw and require finishing, from lighting to paint to baseboards and floors.

Units at Echo will be totally finished, complete with a contemporary lighting package, including recessed lighting, dimmers, and lighting control.  Buyers will have their choice of paint and gorgeous Italian marble finishings – even on the terraces.  And speaking of the terraces (which will be 6′ – 8′ deep), all units feature summer kitchens aka a built-in barbecue on your balcony.

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Other residence features include 9′ – 14′ ceilings, 8′ Italian entry doors, fully built-out his and hers walk-in closets in the master suites, semi-private elevators with biometrics technology (facial recognition cameras), custom PMG Smart Home technology, master suites feature Dornebracht and Duravit fixtures, side-by-side paneled Sub-Zero/Wolf appliances, built-in coffee and espresso machine and custom Italian cabinetry.

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Building amenities include a vanishing-edge pool and deck with panoramic views of Biscayne Bay, Downtown Miami, South Beach and the Atlantic Ocean, state of the art fitness center and spa overlooking pool, Biscayne Bay and Downtown Miami, resort-style poolside food and beverage service, four hot tubs with bathing deck overlooking the spectacular Brickell skyline, concierge services, and robotic parking.  Oh, and if you’re interested in one of the penthouses, your purchase comes with a brand-spankin’-new Tesla Model S.  Starting prices for penthouses are around $10 million.

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Out of the 180 units, roughly 55 remain available for purchase.  Floor plans consist of 1, 2, 3 and 4 bedroom units (you can see the actual floor plans on Echo’s website, here), and prices start around $900/sf and up.  Condo fees are priced at $0.99/sf.  Ground breaking is expected to take place in the next 30 – 60 days, with completion expected in 2017.

For an awesome virtual tour of Echo Brickell, check out the video below.

http://www.youtube.com/watch?v=ZZ5Uq83SW6U

For more information on Echo Brickell or any other new construction project, contact me at lindsayrubens@avatarflorida.com or 305.799.2124.

Featured: “Viewpoints” Q+A in Miami Agent Magazine

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Happy Monday, friends!  Tired of reading the same old commentary on the most boring Super Bowl ever?  No problem – head on over to Miami Agent Magazine and check out my “Viewpoints” feature!  You’ll hear my thoughts on the housing demand of the Miami market, my favorite social networks, and the real estate trends I’m watching in 2014.  Click here to read the full post.

Market Update: 1050/1060 Brickell – Year in Review


1060 Brickell

1060 Brickell

Since I live in 1060 Brickell, friends and neighbors often ask me about recent sales in the building.  I decided to review and compare the sales data from 2013 and 2012, and I wasn’t surprised to see just how much prices have gone up in such a short time.

In 2013, there were 37 closed sales in 1050/1060 Brickell.  The lowest priced sale was unit #2512, a studio that sold for $230,000 or about $383/square foot.  The highest priced sale was unit #4507, a penthouse unit with 3 bedrooms and 3.5 bathrooms that sold for $1,275,000 or about $497/square foot.

To get an idea of just how much values have gone up in the building, check out the data from 2012.  That year, there were 42 closed sales.  However, the lowest priced sale was unit #1509, a studio that sold for $175,000 or about $317/square foot.  The highest priced sale was unit #1820, a 2 bedroom/2 bathroom unit that sold for $425,000 or about $333/square foot.  What a difference a year makes!

Check out all of the sales data in detail below, and as always, contact me at lindsayrubens@avatarflorida.com or 305.799.2124 for more information.

Closed Sales in 2013

Address Sq Ft #Beds #Full Baths #Half Baths List Price Sale Price SP$/SqFt Closing Date
1060 BRICKELL AV # 2305 963 1 1 1 379,900 360,000 373.832 12/27/2013
1050 BRICKELL AV # PH3418 1019 1 1 1 375,000 355,000 348.381 12/3/2013
1060 BRICKELL AV # 2205 963 1 1 1 399,000 395,000 410.177 11/21/2013
1050 BRICKELL AV # 410 1000 1 2 0 349,000 335,000 335 11/7/2013
1060 BRICKELL AV # 3701 1368 2 2 1 599,000 585,000 427.632 11/7/2013
1050 BRICKELL AV # 2108 731 1 1 0 349,000 310,500 424.761 11/6/2013
1060 BRICKELL AV # 2411 1088 2 2 0 454,900 435,000 399.816 10/31/2013
1060 BRICKELL AV # 4507 2564 3 3 1 1,350,000 1,275,000 497.27 9/23/2013
1050 BRICKELL AV # 2018 1128 1 1 0 330,000 330,000 292.553 9/10/2013
1050 BRICKELL AV # 2522 604 0 1 0 259,900 255,000 422.185 8/26/2013
1060 BRICKELL AV # 3603 963 1 1 1 384,900 380,000 394.6 7/22/2013
1050 BRICKELL AV # 2714 1278 2 2 0 550,000 475,000 371.674 7/15/2013
1060 BRICKELL AV # 1403 929 1 1 0 360,000 350,000 376.749 6/27/2013
1060 BRICKELL AV # 3005 963 1 1 1 379,000 375,000 389.408 6/25/2013
1060 BRICKELL AV # 1911 1088 2 2 0 405,000 405,000 372.243 6/14/2013
1050 BRICKELL AV # 2622 604 0 1 0 255,000 242,000 400.662 6/10/2013
1050 BRICKELL AV # 1802 843 1 1 0 355,000 315,000 373.665 6/3/2013
1060 BRICKELL AV # 2505 963 1 1 1 370,000 352,000 365.524 5/24/2013
1060 BRICKELL AV # 2803 843 1 1 1 370,000 345,000 409.253 5/3/2013
1060 BRICKELL AV # 1907 1407 2 2 0 450,000 420,000 298.507 5/3/2013
1060 BRICKELL AV # 2105 963 1 1 1 370,000 340,000 353.063 5/2/2013
1060 BRICKELL AV # 4303 1765 3 2 1 1,100,000 925,000 524.079 5/1/2013
1060 BRICKELL AV # 4009 551 0 1 0 279,000 261,900 475.318 4/18/2013
1060 BRICKELL AV # 4105 963 1 1 1 382,000 359,000 372.793 3/29/2013
1060 BRICKELL AV # 4203 1765 3 2 1 960,000 885,000 501.416 3/27/2013
1050 BRICKELL AV # 2512 601 0 1 0 230,000 230,000 382.696 3/1/2013
1050 Brickell Avenue # PH3402 2499 3 3 0 999,999 900,000 360.144 3/1/2013
1050 BRICKELL AV # 2014 1278 2 2 1 445,000 415,000 324.726 2/21/2013
1050 BRICKELL AV # 2910 843 1 1 0 345,000 300,000 355.872 2/8/2013
1050 Brickell Ave # 3504 2252 3 3 1 1,225,000 1,125,000 499.556 2/1/2013
1060 BRICKELL AV # 3002 843 1 1 0 349,000 322,000 381.969 1/31/2013
1050 BRICKELL AV # 1414 1278 2 2 1 399,900 399,900 312.911 1/31/2013
1060 BRICKELL AV # 3411 1407 2 2 0 415,000 400,000 284.293 1/31/2013
1050 BRICKELL AV # 3022 604 0 1 0 240,000 230,000 380.795 1/22/2013
1050 BRICKELL AV # 2302 843 1 1 0 322,900 309,000 366.548 1/22/2013
1060 BRICKELL AV # 3515 945 1 1 0 330,000 300,000 317.46 1/9/2013
1050 BRICKELL AV # 2304 731 1 1 0 297,000 290,000 396.717 1/7/2013

Closed Sales in 2012

Address Sq Ft #Beds #Full Baths #Half Baths List Price Sale Price SP$/SqFt Closing Date
1050 BRICKELL AV # 2106 613 0 1 0 223,440 220,000 358.891 12/21/2012
1050 BRICKELL AVE # 3302 842 1 1 0 230,000 254,500 302.257 12/11/2012
1050 BRICKELL AV # 2520 1288 2 2 1 450,000 420,000 326.087 12/11/2012
1050 BRICKELL AV # 1406 613 0 1 0 235,000 225,000 367.047 12/7/2012
1060 BRICKELL AVENUE # 3909 536 0 1 0 259,000 239,500 446.828 12/7/2012
1050 BRICKELL AV # 606 1040 1 1 0 319,000 320,000 307.692 12/3/2012
1050 BRICKELL AV # 1820 1278 2 2 1 440,000 425,000 332.551 11/27/2012
1050 BRICKELL AV # 814 1000 1 2 0 310,000 305,000 305 11/19/2012
1060 BRICKELL AVE # 1015 1053 1 1 1 299,000 280,000 265.907 11/15/2012
1050 BRICKELL AV # 802 968 1 1 1 299,000 273,208 282.24 11/14/2012
1060 BRICKELL AV # 3013 945 1 1 0 290,000 290,000 306.878 11/12/2012
1060 BRICKELL AV # 3407 1407 2 2 0 449,000 420,000 298.507 10/31/2012
1050 BRICKELL AV # 2114 1278 2 2 1 425,000 413,000 323.161 10/22/2012
1050 BRICKELL AV # 1906 613 0 1 0 235,000 213,000 347.471 10/10/2012
1050 BRICKELL AV # 2502 843 1 1 0 324,900 315,000 373.665 10/8/2012
1050 BRICKELL AV # 1704 731 1 1 0 278,000 270,000 369.357 9/24/2012
1060 BRICKELL AV # 3405 963 1 1 1 379,000 376,000 390.447 8/31/2012
1060 BRICKELL AVE # 615 1053 1 1 1 285,000 265,000 251.662 8/29/2012
1050 BRICKELL AVENUE # 2202 843 1 1 0 319,000 300,000 355.872 8/29/2012
1050 Brickell Ave. # 1514 1278 2 2 1 438,000 410,000 320.814 8/24/2012
1050 BRICKELL AVENUE # 2204 731 1 1 0 295,000 280,000 383.037 8/23/2012
1060 BRICKELL AV # 815 1053 1 1 1 265,000 250,000 237.417 8/9/2012
1060 BRICKELL AV # 2911 1103 2 2 0 399,000 375,000 339.982 8/8/2012
1060 BRICKELL AV # 3003 963 1 1 1 199,999 210,000 218.069 7/25/2012
1060 BRICKELL AV # 1603 963 1 1 1 388,000 359,000 372.793 6/26/2012
1060 BRICKELL AV # 2915 945 1 1 0 297,000 290,000 306.878 6/25/2012
1050 BRICKELL AV # 2208 731 1 1 0 289,000 250,000 341.997 6/14/2012
1060 BRICKELL AV # 1411 1407 2 2 0 359,500 345,000 245.203 5/31/2012
1050 BRICKELL AV # 1010 1028 1 2 0 280,000 275,000 267.51 5/29/2012
1060 BRICKELL AV # 3707 1088 2 2 0 420,000 400,000 367.647 5/23/2012
1050 BRICKELL AV # 3014 1278 2 2 1 449,000 416,000 325.509 5/18/2012
1050 Brickell Av # 1020 1000 1 2 0 275,000 260,000 260 5/15/2012
1050 BRICKELL AV # 1016 1000 1 2 0 275,000 260,000 260 5/15/2012
1060 BRICKELL AVENUE # 2307 1218 2 2 0 420,000 400,000 328.407 5/15/2012
1050 BRICKELL AVENUE # 402 968 1 1 0 260,000 250,000 258.264 5/14/2012
1060 BRICKELL AVE # 2102 843 1 1 0 320,000 307,500 364.769 5/9/2012
1060 BRICKELL AV # 2013 945 1 1 0 290,000 280,000 296.296 4/30/2012
1060 BRICKELL AV # 1509 551 0 1 0 214,500 175,000 317.604 4/25/2012
1050 BRICKELL AV # 2720 1288 2 2 1 430,000 380,000 295.031 4/5/2012
1050 BRICKELL AV # 816 1000 1 2 0 265,000 250,000 250 3/21/2012
1050 BRICKELL AV # 1506 613 0 1 0 199,000 195,000 318.108 3/20/2012
1060 BRICKELL AV # 1501 1377 2 2 0 290,000 305,000 221.496 3/19/2012

Brickell Three Bedroom Condos Under $1,000,000

A1856428_501_12Skyline on Brickell
2101 Brickell Avenue #3304
3 bedrooms/3 bathrooms | 1,762 sf living space | 1,954 total sf | built in 2004 | offered at $899,900
Listed by Felipe Quintero of Nexxos Realty, LLC

We can all agree that condo living in Brickell is great: you’re in the center of all the action, just steps away from bars, restaurants and shops, and only a few miles from Downtown Miami, South Beach, Coconut Grove, Midtown – you name it.  But there are those moments when we look at all of our stuff and scream: “I NEED MORE SPACE!!”  Well if three bedrooms sounds like music to your ears, you might be happy to hear that there are a number of  units currently listed in Brickell under $1,000,000 (and even a few under $500,000)!   Check out the inventory below:

Address Sq Ft #Beds #Full Baths #Half Baths List Price
2101 BRICKELL AV # 3001 1762 3 3 0 790,000
2475 BRICKELL AV # PH9 2065 3 3 0 895,000
801 BRICKELL KEY BLVD # 2704 1493 3 3 0 800,000
2333 BRICKELL AV # TSE 2380 3 3 0 890,000
79 SW 12 ST # 3706-S 1908 3 3 0 900,000
60 SW 13 ST # 3626 1568 3 3 0 699,000
31 SE 5 ST # 3718 1419 3 2 1 639,000
701 BRICKELL KEY BL # 612 1655 3 2 1 820,000
1901 BRICKELL AV # B903-4 1930 3 4 0 649,000
60 SW 13 ST # 3826 1568 3 3 0 680,000
1200 BRICKELL BAY DR # PH4324 1232 3 2 0 489,000
1865 BRICKELL AV # TH-IV 1837 3 2 1 715,000
1155 BRICKELL BAY DR # 1504 1510 3 2 0 670,000
1901 BRICKELL AV # 2309B 2133 3 2 1 799,000
1627 BRICKELL AV # 901 1792 3 2 1 619,000
31 SE 5 ST # 4212 1419 3 2 1 750,000
520 BRICKELL KEY DR # A1721 1890 3 3 0 899,000
31 SE 5 ST # 4318 1419 3 2 1 700,000
500 BRICKELL AV # 1701 1494 3 3 0 750,000
1627 BRICKELL AV # 2305 1732 3 2 0 740,000
1200 BRICKELL BAY DR # 2202 1232 3 2 0 450,000
1420 BRICKELL BAY DR # 303-A 1433 3 2 0 615,000
1155 BRICKELL BAY DR # 704 1510 3 2 0 590,000
1627 BRICKELL AV # 2504 1732 3 2 1 620,000
520 BRICKELL KEY DR # A804 2001 3 3 0 750,000
2101 BRICKELL AV # 3304 1762 3 3 0 899,900
1915 BRICKELL AV # CPH7 2048 3 3 0 844,000
60 SW 13 ST # 5018 1568 3 3 0 665,000
520 BRICKELL KEY DR # A1116 2315 3 3 0 899,000
1627 BRICKELL AV # 1005 1732 3 2 1 550,000
31 SE 5 ST # 3812 1419 3 2 1 690,000
500 BRICKELL AV # 2601 1494 3 3 0 775,000
185 SW 7 ST # 3211 1486 3 3 0 550,000
888 BRICKELL KEY DR # 2508 1640 3 2 1 899,900
1627 BRICKELL AV # 1107 1792 3 2 1 775,000
1200 BRICKELL BAY DR # 2402 1232 3 2 0 404,000
801 BRICKELL KEY BL # 502 2336 3 3 1 885,000

 

In the top photo and slideshow below, I’ve featured a gorgeous listing at the Skyline on Brickell (unit #3304) for $899,900.  The Skyline is a great building located at the southern end of Brickell Avenue and was completed in 2004.  Although this particular unit is technically a 3 bedroom, the owner converted into a 2 bedroom to create more living space (but it could be converted back into 3).  It has 3 full bathrooms, 1,762 sf of living space and a total of nearly 2,000 sf including the balconies.  The unit has expansive direct ocean views, high ceilings with Venetian stucco finish, floor-to-ceiling windows, custom closets, stone texture accents, modern vanities/sinks,  and 24×48 porcelain tile flooring throughout. The master suite features motorized shades, a Bose surround-sound system, and a spa-like master bath.  Additionally, the unit comes with 2 parking spaces, additional storage, and a boat slip is available for an additional $35,000.  The listing also indicates that the unit can be purchased furnished.

Check out all the photos below and contact me at 305.799.2124 or lindsay.rubens@floridamoves.com for more info!

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Unique Townhouses at EPIC Residences in Downtown Miami

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200 Biscayne Blvd. Way #507 | 2 bedrooms/2.5 bathrooms | 1,574 sf | asking $5,900/month
Listed by Miriam Poggio with One Sotheby’s International Realty

If you love city living but prefer a dwelling that feels like more of a “home” than a condo, you might want to consider the townhouses at the EPIC Residences in Downtown Miami.  These units have large floor plans consisting of 1-3 bedrooms, two levels, soaring ceilings, and multiple balconies.  Best yet, you have all the perks that come with living in a 5-star hotel, including 24 hour room service, separate pools for residents and hotel guests, a concierge, housekeeping, a state-of-the-art fitness center and spa, and the award-winning restaurant, Zuma, just to name a few.

The building was completed in 2008 and is located just over the bridge connecting Brickell and Downtown Miami, at 200 Biscayne Boulevard Way.  It’s situated right on the water, and you can often find a few very impressive yachts docked directly out front.  The building is pet-friendly for both owners and renters, and standard unit features include:

  • “EPIC-Link,” a system allowing interactive communication to the hotel amenities and services, via an in-residence touch panel or PC from anywhere in the world
  • State-of-the-art media panel, pre-wired for telephone system, HDTV, cable television, and internet
  • Glasswall impact resistant floor to ceiling windows and sliding glass doors
  • Dark oak wood Snaidero kitchen cabinets with stainless steel inserts
  • Recessed lighting
  • Bosch front loading washer and dryer
  • Sub-Zero refrigerator/freezer and ice maker
  • Stainless steel Miele kitchen appliances

Of course, such luxury comes with a price…these townhouses are currently renting for close to $6,000 per month and selling for $1,000,000 and up.  As an example, the unit I’ve featured in this post’s photos is #507, a 2 bedroom/2.5 bathroom townhouse rental listed with Miriam Poggio of One Sotheby’s International Realty for $5,900 per month.  The unit has 1,574 square feet, includes 1 garage parking space, and comes furnished, as pictured.  I recently had a chance to see this unit in person and it is gorgeous!  Due to its location on the fifth floor and its view of the water, you almost feel like you’re on a cruise ship.  It is truly the epitome of urban tranquility, a “home” in the middle of a bustling city.

There are only a couple of these units currently available to rent or buy, and they tend to go fast – contact me today for more information or to set up a private showing.

Check out some more photos of #507 below, as well as the full slideshow at the bottom of the post.

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Living/dining room at Epic #507

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Master bathroom at Epic #507 featuring double sinks and an oversized jacuzzi tub with rain showerhead.

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View from Epic #507 looking out onto the bay, Icon Brickell and Brickell Key.

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