Imperial at Brickell Penthouse Update

February 15, 2011

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: