For those of you not familiar with Atlantis on Brickell, I’ve included a video tour below of the amenities and common areas. Atlantis on Brickell was completed in 1982 and is well recognized for its colorful and unique architecture. This iconic building is well remembered as being featured in the opening credits of the 1980s hit TV show, Miami Vice. The steps to the entrance of the lobby of Atlantis on Brickell was also featured in the 1980s cult classic Scarface. Welcome to Atlantis on Brickell:
Atlantis on Brickell 3 Bedroom Condo Foreclosure
A 3 bedroom/3 bath condo foreclosure at Atlantis on Brickell came onto the market last Thursday. It’s an 01 floor plan with 2,149 square feet of interior and a direct view of Biscayne Bay. The condo came onto the market at an initial list price of $544,500, or $253 per square foot. I visited the unit last Friday and had a chance to take several pictures. This is only one of two 01 units that are currently on the market at Atlantis on Brickell. The other, unit 1401, is listed for $599,000 and is located two floors lower than the one in the pictures below. Contact me at 305-428-3860 if you have an interest in viewing this 3 bedroom foreclosure at Atlantis on Brickell in person.
Maintenance fees are $1198 per month.
Living Room
Kitchen
Master Bedroom
Master Bathroom
Second Bedroom
Second Bathroom
Third Bedroom
Third Bathroom
Laundry Room
Atlantis on Brickell was completed in 1982 and is considered a landmark building located at 2025 Brickell Avenue, Miami, FL 33129.
The Mark on Brickell Granted Special Approval Designation by Fannie Mae
I was notified earlier this week that The Mark on Brickell was granted the Special Approval Designation by Fannie Mae. This news hasn’t been disclosed on the Fannie Mae website yet but the information has been confirmed. It should appear on the site this upcoming Monday when their next update is released. It will now be possible for qualified buyers to obtain a conventional loan for condos at The Mark on Brickell.
The Mark on Brickell recently completed the installation of a seawall between the building and the bay that cost nearly $500,000. This expense, however, is expected to save the association hundreds of thousands of dollars in insurance every year.
Currently, inventory at The Mark on Brickell is rather light. The 22 listings for sale in the MLS represent just slightly over 6 percent of the total number of units in the building. 11 total units have closed at The Mark on Brickell within the past six months. Furthermore, there are currently 10 pending sales in the MLS. These sales figures should only get better now that the building is Fannie Mae approved. For those who are curious, there are currently just 10 units available for rent at The Mark on Brickell in the MLS. That represents slightly less than 3 percent of the total number of units in the building.
I plan to release overall inventory figures for Miami-Dade County next week. I fully expect the data to show a significant improvement since the last time I provided an update in July 2009.
2 Bedroom Miami Foreclosure at Blue Condo – $197,000
A 2 bedroom/2.5 bath foreclosure at Blue Condo came onto the market Tuesday afternoon for $197,000. I had a few moments in between showing appointments yesterday so I decided to stop by to take a look. The unit has 1,158 square feet of interior, recessed lighting in the living room and both bedrooms, dark hard wood flooring throughout most of the condo and a balcony with a view of Biscayne Bay from the 16th floor. All of the appliances, however, are missing so they will need to be replaced by the new buyer. The condo comes with 1 assigned parking space. The maintenance fee is $850 per month.
As I mentioned in a previous post, Blue Condo is now Fannie Mae approved so financing is available to qualified buyers. If you have an interest in viewing this condo foreclosure at Blue Condo or have any questions, give me a call at 786-247-6332.
New Park Along Brickell Avenue Coming Soon
A few weeks ago, The Miami Herald reported that the city of Miami, along with the Hollo family, acquired a one-acre parcel along Brickell Avenue which will be converted into a park by the end of this year. There has been a dire need for more green space in the Brickell area over the past couple of years as an influx of people have moved into the area. I had a chance to take an aerial shot of the site yesterday afternoon while showing property at Santa Maria.
1 Bedroom Foreclosure at Brickell on the River North – $138,000
A 1 bedroom/1 bath condo foreclosure at Brickell on the River North became available yesterday for $138,000. The unit has 757 square feet of interior space, a balcony off the living room, a Jacuzzi tub in the bathroom, carpeting in the living room and bedroom, ceramic tile in the kitchen and marble flooring in the bathroom. Earlier this afternoon, I stopped by the condo to take a look at it for myself. The unit appeared to be in great condition with all appliances, including the washer/dryer, still present in the unit. The 24th floor condo faces west with a direct view of the Miami River and the sunset in the evening.
This is definitely one of the best priced 1 bedroom condo foreclosures that I’ve seen come onto the market within the past three months. $182 per square foot is a good deal for a condo in a quality building like Brickell on the River North. Amenities in the building include 24-hour concierge and valet parking, fitness center, yoga room, sauna, steam room, conference room, club room, swimming pool and hot tub. The previous owner paid $305,000 in February 2006 for this 1 bedroom condo. This unit will likely have multiple offers and be under contract by next Friday.
Call me at 305-428-3860 if you would like to view the condo in person.
Top 5 Distressed Condo Sales Closed in January 2010
Below, you will find what I believe to be the five best condo deals of the 66 distressed sales that closed in January 2010 in the MLS located in Brickell, Brickell Key, Downtown Miami and the Arts District.
Ten Museum Park #1905 – 1 bedroom/1.5 bath (791 square feet) – This unit sold for $137,000, or $173 per square foot, on January 11, 2010. Short Sale
Neo Vertika #PH226 – 1 bedroom/2 bath (1,155 square feet) – This unit sold for $158,000, or $137 per square foot, on January 11, 2010. Foreclosure
Parc Lofts #206 – 2 bedroom/1 bath (1,267 square feet) – This unit sold for $122,000, or $96 per square foot, on January 8, 2010. Foreclosure
The Club at Brickell Bay #1506 – 1 bedroom/1 bath (825 square feet) – This unit sold for $108,000, or $131 per square foot, on January 15, 2010. Foreclosure
Solaris at Brickell #806 – 1 bedroom/1 bath (754 square feet) – This unit sold for $120,000 or $159 per square foot, on January 29, 2010. Foreclosure
Miami Super Bowl Condo Rental
A friend of ours has a furnished 2 bedroom/2 bath condo that he would like to lease the week of Super Bowl XLIV. It’s an upgraded corner unit with 1,204 square feet of interior space plus a 164 square foot wraparound balcony located on the 16th floor. The building is located in Brickell within walking distance of the shops and restaurants at Mary Brickell Village. Starting and ending dates are flexible. Asking price for the entire week is $2,500.
Rentals Now Available at Icon Brickell II
I was notified yesterday that rentals are now available in tower 2 of Icon Brickell. Tower 2 is the southeast tower of the Icon Brickell development. The units are renting fast! 56 rentals were made available on Saturday and as of yesterday 15 had already been rented.
Below, you will find the floor plans that are available along with the starting prices. The rent price includes 800 channels of cable, high-speed Internet, one parking space, water and a health club membership. Pets are NOT allowed.
Call me at 305-428-3860 or email me at [email protected] if you would like to schedule a showing.
H floor plan – 1 bedroom/1 bath – 732 square feet – starting at $1690
G floor plan – 1 bedroom/1 bath – 984 square feet – starting at $2000
G-Rev floor plan – 1 bedroom/1 bath – 1035 square feet – starting at $2100
E floor plan – 2 bedroom/2 bath – 1327 square feet – starting at $2750
C floor plan – 2 bedroom/2 bath – 1500 square feet – starting at $2850
B floor plan – 2 bedroom/2 bath – 1503 square feet – starting at $2950
D floor plan – 2 bedroom/2 bath – 1600 square feet – starting at $2500
There currently aren’t any studio or 3 bedroom rentals available.
