Imperial at Brickell Penthouse Update

February 15, 2011 by Lucas Lechuga

Imperial at Brickell exterior

Last summer, as you may recall, I wrote a few blog posts regarding the penthouse at Imperial at Brickell.  At the time, the penthouse was a bank-owned foreclosure.  I felt that it was very well priced and, with the right amount of work, had a ton of potential.  The 5,034 square foot penthouse ultimately sold for $1.05M, or $209 per square foot, on August 13, 2010.  Amazing price!

Well, the penthouse at Imperial at Brickell is back on the market…the rental market to be exact.  The asking price is $18,000 per month.  No, that’s not a typo, just EXTREMELY high expectations.  Judging by the pictures, only minor changes were made to the unit.  I was expecting to see a complete rebuild of the penthouse.  Regardless, the price had made me doing several triple-takes earlier this afternoon before I even took a look at the pictures.

Below is a video of the unit as I saw it last May:

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4 Comments on "Imperial at Brickell Penthouse Update"


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Anonymous
MiamiCondoFan
5 years 7 months ago

This is the problem with miami real estate — they would be lucky to rent that hole out for 7k– below any real carry, assuming 100% equity

Anonymous
Wild Bill
5 years 7 months ago

Real estate is such a burden. Glad most people don’t know how to use a calculator yet.

Anonymous
Jaime
5 years 7 months ago

In the Imperial the value apartments are the 2 bedrooms, 2 and 1/2 bath. They are very undervalued at 240$/foot

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