Brickell is one of Miami’s most vibrant and coveted neighborhoods. Brickell, located south of Downtown Miami, offers luxurious high-rise condos, fine dining, shopping, arts, and culture, making it an attractive lifestyle for homebuyers. Brickell FL real estate agent David Freed suggests these key factors for homebuyers considering investing in Brickell:
Assess your budget
Before falling in love with living in an amenity-rich Brickell high-rise, you need to assess your budget carefully. Condos and apartments in Brickell are costly. Prepare for high HOA fees on top of your mortgage payment. Factor in taxes, insurance, parking fees (if applicable), and utilities costs. You’ll also want to budget for enjoying Brickell’s walkable amenities and dining out.
Research condo rules and restrictions
Homebuyers must research the rules and restrictions for any Brickell condo building they are considering. Most buildings have specific guidelines around pets, leasing, renovations, noise levels, and more. Get all governing documents from the condo association and read them thoroughly so there are no surprises after move-in. You want to select a building that fits your lifestyle.
Value views and accessibility
One of the major appeals of living in Brickell is enjoying spectacular views of Biscayne Bay or the Downtown Miami skyline. When visiting buildings, note which direction units face to maximize water or city views. Pay attention to accessibility factors like proximity to public transportation, highways, amenities, restaurants, and cafes. The most walkable buildings command premium prices.
Assess amenities and services
Nearly all Brickell properties provide luxury amenities like a pool, hot tub, fitness center, resident lounge, and 24/7 concierge. But offerings can vary widely, so compare amenities across several buildings. Inquire about services like dry cleaning pick-up/drop-off, dog walking, package handling, and delivery coordination. The level of service influences the livability and convenience of the building.
Consider future resale value
If you ever plan to sell your Brickell residence, carefully weigh the future resale value of any property you purchase today. Well-located buildings with extensive amenities and services, financial stability, and reasonable HOA fees will hold their value best over time. Pay attention to new builds coming onto the market since units in older buildings sell for less.
Buying a home in Brickell
Brickell is one of Miami’s most desirable and expensive neighborhoods for buying real estate. Brickell, a centrally located area with easy access to downtown and South Beach, offers luxurious condos, 5-star hotels, and restaurants. Prepare for a competitive market with all-cash buyers and bidding wars. HOA fees here are also steep. Brickell’s residential properties offer a worthwhile investment due to their location and lifestyle. Newly constructed single-family homes and townhouses are available for added privacy, conveniently located steps from Brickell’s boutiques, restaurants, and nightlife.
Homes for sale in Brickell
Brickell is known for its high-rise condos. Homes for sale in Brickell showcase luxury living, with amenities like spas and gyms. Most units have floor-to-ceiling windows and balconies showcasing stunning views. This international hotspot has high demand, where penthouses can list for over $10 million. Brickell caters to the ultra-wealthy looking for a cosmopolitan South Florida lifestyle.
