Short-Sale at One Miami – 1 Bedroom/1Bath for $275K !!!

July 25, 2007

by: Lucas Lechuga

One Miami

There’s a 1 bedroom/1 bath short-sale at One Miami that was reduced $44,900 today. It is now listed at $275,000 and has 846 square feet of living space. That’s a great deal! The unit is now listed at $325 per square foot. The Brickell condo index for July revealed that the average price per square foot of units sold at One Miami over the last six months is $453.66. There have been 8 one bedroom/one bath units that have closed at One Miami in the past six months. They have sold in the range of $349,000 to $430,000. Like I said, this is a great deal! Prices for one bedroom units at One Miami have come in significantly in recent months but this short-sale unit is the best priced of them all.

The unit comes with one assigned parking space and one complimentary valet space. Amenities at One Miami include: two swimming pools and hot tub, two clubs rooms, two fitness centers, business center, 24-hour security/concierge and valet parking. The maintenance fee is $389 per month. High-speed Internet, basic cable TV, water, sewer and garbage are included in the maintenance fee as well.

Take a look at the MLS listing for more information.

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9 responses to “Short-Sale at One Miami – 1 Bedroom/1Bath for $275K !!!”

  1. Guido says:
    July 27, 2007 at 12:50 pm

    Yes you are right. This is a deal you cannot pass, and because is in short sale you might be able to throw a low ball in this one and get it for less than the asked price.

  2. Sbki says:
    September 18, 2007 at 3:35 pm

    Did this sell? if so what for.

  3. Lucas Lechuga says:
    September 19, 2007 at 1:24 pm

    Yes, it is still available but it is now listed at $309,000. I’m guessing that the bank wouldn’t accept an offer below $300,000.

  4. Anwer Ali Perbtani says:
    September 22, 2007 at 12:52 pm

    The 1 Bed unit at Miami one. Do you know what floor is on. Thanks. Anwer

  5. Lucas Lechuga says:
    September 22, 2007 at 3:52 pm

    Yes, the 18th floor facing north.

  6. D says:
    September 23, 2007 at 8:38 pm

    Today you might get $250 a foot, if you are lucky!! My offer all cash would be less than $200k….
    D

  7. D says:
    September 23, 2007 at 8:42 pm

    PS. this happened already in the early 80… the bank will not get rid off it!

  8. Giancarlo Delgado says:
    September 25, 2007 at 9:25 am

    D is right, something similar did happen here in the 80s. Now you should be able to pick up properties 10% to 40% below peak values. At 300k thats 30% off 430k. So it seems to be a good deal if your a baller.

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  9. soflodoug says:
    April 14, 2008 at 1:44 am

    stay out of the one miami,the walls are thin and cheap,people party and make noise all the time.
    garbage place.

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