Just Listed – Spacious 1 Bedroom Condo at Two Tequesta Point on Brickell Key – Asking $435,000

I am pleased to announce our newest listing – a beautiful 1 bedroom, 1.5 bathroom condo at the luxurious Two Tequesta Point. The 22nd-floor residence has a spacious floor plan with 907 interior square feet; deep balcony to accommodate outdoor dining; large, open kitchen with tons of cabinet space; walk-in closet in the bedroom; porcelain tiled floors; and lovely view of the intracoastal, bay, and cruise ships. With an asking price of $435,000, unit 2207 is priced to sell!  Just last month, unit 2007 (two floors lower) at Two Tequesta Point sold for $432,000.

Two Tequesta Point is an upscale condo development with 285 residential units. The 38-story tower is located on the east side of the exclusive, gated island known as Brickell Key.  Amenities at Two Tequesta Point include: bayfront pool, tennis courts, racquetball courts, 2-story fitness center, BBQ area, children’s playrooms, 24-hour security and concierge, billiard room, valet parking, and more.

For showing requests or any questions that you may have, I can be reached on my cell phone at 786-247-6332 or via email at lucas@miamicondoinvestments.com.

Two Tequesta Point #2207 – Asking $435,000

Who Is Going To Buy Trey Songz’ Brickell Key Condo So He Can Move To Brickell Heights?

Photo Courtesy Miami MLS

Now that he has a new apartment under construction at Brickell Heights, R&B superstar Trey Songz is more motivated to sell his first Brickell condo. He has owned this 1,626 square foot 2 bedroom 2 bath residence at Courts on Brickell Key since 2010, when he purchased it for $437,000. Initially he was seeking just over $1M for the water-view apartment, but wasn’t able to find a buyer. As of today, the price has been lowered to $795,000.

With the new price, he is just slightly over the average closed sales price per foot in the building for the last 3 months. At $795,000, he is asking $488/square foot and over the last 3 months, two bedroom apartments in the building have been trading at an average of $472/square foot. It seems we have a realistic and eager seller. Hopefully the market will give him more love than other celebrities recently. Pharrell Williams had a wretched time getting rid of his Bristol Tower penthouse, ultimately selling at a loss. Just over the last few weeks, we have seen Andy Murray’s apartment at Jade Residences on Brickell Bay and Mario Chalmers enormous pad in Marquis Residences. Lil Wayne is having an impossible time as well. He can’t sell his house on Miami Beach but also can’t peacefully live there thanks to the trolls who keep swatting him (calling the cops so that the place gets swarmed, only to realize it was a prank). Even just today Calvin Klein reduced the price on his house by a full million dollars to $15 million.

Let’s take a look at Mr. Songz’ MLS listing photos and see what we think:

The living room looks nice, not overly decorated, but not completely bare either. The tile floors are pretty and you can see some upgraded tile on the kitchen counter.

The bedroom is also furnished just enough to appeal to buyers, but without being too cluttered and personal.

It looks like the second bedroom has been turned into a home office. Not a full recording studio, but maybe a spot where a singer on the come-up could edit and practice some tracks. You can see a controller on the wall next to the breaker box (that I think should be hidden), possibly for motorized shades?

I’m not rightly sure what this is. It’s sort of dark, so maybe he turned the second room into a den of iniquity where he can entertain guests and get the inspiration for his next hit track? It could also be a trophy closet for all of his awards and platinum records, or maybe there is nothing in the room at all. Not sure, we’ll just call it an upgrade and leave it at that.

Here are three shots of the kitchen, which has been fully renovated. It’s nice and doesn’t seem overdone. I would say it is an appropriate upgrade with the new cabinets, appliances and backsplash. You can also see a little of the home office that we spoke about above, so he traded his dining area for the office area instead of trading the second bedroom as I initially believed.

Here is a panorama of the view. It is a really beautiful view. You can see the bay as well as the river, and also the Brickell Key jogging trail, IconBrickell pool, etc. There’s plenty to look at even if the photo is awkward.

All in all, I would say that Mr. Songz is a sincere seller. We know he is getting ready to move as soon as Brickell Heights is completed, he has his price set accordingly with the market, the apartment is more-or-less staged and tastefully upgraded, he could use some better photos to entice more potential buyers but I anticipate he will sell his apartment before his Brickell Heights move-in day and even come away with a handsome profit. What do you think?

Stephen Owens, Builder of Brickell Key and Brickell City Centre, is Retiring

Photo courtesy Swire Properties.

Stephen Owens, President of Swire Properties, builder of Brickell City Centre and Brickell Key, as well as JADE at Brickell Bay (through a joint venture), and just a really nice guy, has had more of an impact on the development of Brickell than just about anybody, with the possible exceptions of the Related Group and Mary Brickell herself. Upon completion of City Centre in 2017, Mr. Owens will be retiring from his role as President, while remaining on the board of the company and providing council on U.S. projects. He’s being replaced as President in January of 2017 by one of the Swire bigwigs in Hong Kong named Kieren Bowers who is the General Manager of a Swire megaproject there. If and when Swire decides to build yet another urban megaproject in Miami, it sounds like the new guy will know what he’s doing too.

Miami Condo Investments Free Mobile App Available for Download on iTunes and Google Play

For those new to the website, or those who might be unaware, Miami Condo Investments has its own mobile app.  It is free and available for download on iTunes, for the iPhone and iPad, and on Google Play, for all Android mobile devices.  I released the iPhone version back in December 2009 and followed it up with the Android version about two and a half years later in May 2012.  I may be a bit biased, but it truly is an amazing app.  In many ways, the real estate app was ahead of its time when I released it in 2009.  It still remains as powerful as ever though and I personally use on it on a daily basis.  In fact, I recently made the jump from using an iPhone to an Android phone and it was the first app I downloaded.

I would love to hear your thoughts and feedback on the app.  I am hoping to release an updated version sometime in 2014 and welcome any ideas for it that you might have.

A Look Inside Penthouse 3401 at Asia

I had the opportunity earlier this afternoon to tour one of the most amazing penthouses that Miami has to offer – Penthouse 3401 at Asia.  The 5 bedroom/6.5 bath, tri-level penthouse has 4,954 square feet of interior with 12-foot ceilings on each floor, a maids quarters off the laundry room and white marble floors throughout.  All together, the Asia Brickell Key penthouse has 1,602 exterior square feet which includes an outdoor wet kitchen and a roof-top pool offering breathtaking water and city views.  The unit also includes an in-unit elevator for those who find the walk to the third floor master bedroom too grueling after a long day at work.  To top it all off, the penthouse comes fully furnished and decorated courtesy of Artefacto.  The price to live the high life on Brickell Key – $8.8M.

2 Bedroom Condo at Two Tequesta Point – $674,900

Last week, our client agreed to reduce the price of his condo at Two Tequesta Point from $696,000 to $674,000.  This is a level that we are confident that it will sell quickly.  The 2 bedroom/2.5 bath condo is located on the 29th floor and has 1,540 square feet interior, a large terrace off the bedroom and living room, marble flooring in the main living areas and carpeting in both bedrooms.  The unit also has crown molding, an eat-in kitchen with separate dining room, custom built-in closets in both bedrooms and full side-by-side washer and dryer.

For those not familiar with Two Tequesta Point, it is a luxury high-rise located at 808 Brickell Key Drive in a privately gated neighborhood of Miami called Brickell Key.  Two Tequesta Point is the building on the left in the above picture.  The building offers spectacular amenities such as tennis, racquetball,  basketball, 24-hour concierge and security, 24-hour valet parking, a bi-level fitness center and a beautiful bayfront swimming pool.

View All Two Tequesta Point condos for sale
View All Two Tequesta Point condos for rent

Brickell & Brickell Key Closed Condo Sales – November 2009

Click on the links below to view the condo sales in Brickell and Brickell Key closed  in November 2009:

Brickell Closed Condo Sales – November 2009 – There were 30 closed condo sales in Brickell last month.  The average sales price of these condos was $243 per square foot.  I was surprised to see that a one bedroom condo at Skyline on Brickell sold for $334 per square foot.

Brickell Key Closed Condo Sales – November 2009 – 10 condos in Brickell Key closed last month.  These sold at an average sales price per square foot of $258.  Here I was shocked to see that someone would be willing to pay $294 per square foot for a unit at Isola, especially one with carpeting.

Recently Listed Condo REOs in Miami – August 2009

Earlier this evening, I did a search for condo foreclosures in Miami for a client.  There were 9 condos that were recently listed that caught my attention.

• Santa Maria  #2506 – 2 bedroom/2.5 bath (2,100 square feet of interior) – Asking $899,900, or $429 per square foot – 24 days on the market
• Jade Brickell #1201 – 2 bedroom/2.5 bath (1,878 square feet of interior) – Asking $667,900, or $356 per square foot – less than 2 hours on the market
• Carbonell #1805 – 2 bedroom/2.5 bath (1,505 square feet of interior) – Asking $525,000, or $349 per square foot – 8 days on the market
• Four Seasons Hotel #3203 – 1 bedroom/1.5 bath (983 square feet of interior) – Asking $460,000, or $468 per square foot – 7 days on the market
• Emerald at Brickell #1101 – 2 bedroom/2.5 bath (1,594 square feet of interior) – Asking $364,900, or $229 per square foot – 3 days on the market
• Blue Condo #1701 – 2 bedroom/2.5 bath (1,449 square feet of interior) – Asking $208,395, or $144 per square foot – 7 days on the market
• 50 Biscayne #4705 – 1 bedroom/1 bath (845 square feet of interior) – Asking $179,900, or $213 per square foot – 3 days on the market
• The Club at Brickell Bay #4304 – 1 bedroom/1 bath (825 square feet of interior) – Asking $119,900, or $145 per square foot – 8 days on the market
• 1800 Biscayne Plaza #1203 – 2 bedroom/2 bath (1,040 square feet of interior) – Asking $117,590, or $113 per square foot – 8 days on the market

Top 5 Distressed Condo Sales Closed in May 2009

Below, you will find what I believe to be the five best condo deals of the 46 distressed sales that closed in the month of May in the MLS located in Brickell, Brickell Key, Downtown Miami and the Arts District.  I think the distressed condos that closed in the month of May were better deals than what we have seen in previous months.

1. Jade Brickell – unit 1002 – 2 bedroom/2 bath (1,529 square feet) – This unit sold for $375,000, or $245 per square foot, on May 15, 2009.  Short Sale
2. Courts Brickell Key – unit 1909 – 3 bedroom/3 bath (1,488 square feet) – This unit sold for $350,000, or $235 per square foot, on May 20, 2009.  Short Sale
3. Skyline on Brickell – unit 306 – 2 bedroom/2 bath (1,367 square feet) – This unit sold for $349,000, or $255 per square foot, on May 8, 2009.  Foreclosure
4. Skyline on Brickell – unit 1512 – 2 bedroom/2 bath (1,367 square feet) – This unit sold for $305,000, or $223 per square foot, on May 18, 2009. Short Sale
5. One Miami – unit 3916 – 1 bedroom/1 bath (846 square feet) – This unit sold for $150,000 or $177 per square foot, on May 27, 2009.  Foreclosure

Runner-ups:

• The Mark on Brickell – unit 1001 – 2 bedroom/2 bath (1,200 square feet) – This unit sold for $205,000, or $171 per square foot, on May 22, 2009.  Foreclosure
• 1800 Biscayne Plaza – unit 203 – 2 bedroom/2 bath (1,057 square feet) – This unit sold for $120,000, or $114 per square foot, on May 01, 2009.  Short Sale
• Cite on the Bay – unit 2213 – 1 bedroom/1 bath (795 square feet) – This unit sold for $100,000, or $126 per square foot, on May 13, 2009.  Foreclosure

New & Improved South Florida MLS Property Search for Condos

Many of you have already noticed that a much improved Miami condos search has now taken the place of the old property search.  New search parameters have been added to allow your search experience to be more powerful and effective.  For example, you can now search by year built, number of parking spaces and distressed sales (foreclosures and short sales), as well as many other parameters.  Additionally, you can now draw a shape onto the map to restrict the search to condos located within that shape.  For example, in the picture above, I drew a shape around Brickell Key to restrict the search to only condos located in Brickell Key.  Enjoy!