Brickell Real Estate
Want to know why Brickell is called the “Manhattan of the South”? Well, Brickell is considered to be one of the trendiest and fast-growing urban areas in Miami, Florida. It is located just south of downtown Miami and the Miami River, and east of Biscayne Bay. Occupying a total land area of 761.6 acres or 1.19 square miles, this well-developed metropolitan is also considered as the central financial district of Miami due to the presence of many financial establishments and international banks operating in the area.
Foreign consulates are also concentrated in this primary district, which includes the consulate of Switzerland, France, Great Britain, Netherlands, Japan, Brazil, Peru, Chile, and many more.
Brickell's famed, high-rise condominiums are a staple of South Florida, and have been a symbol of the Downtown Miami skyline for decades. Here, universal architectural integrity and elegant designs make the residences some of the most attractive in the city. Just South of Downtown Miami's financial district and entertainment hot spots, Brickell merges stunning views of the Atlantic Ocean with unheralded comfort and luxury to create the ultimate living experience on Florida's East Coast.
Developments in Brickell started when people settled in this region in the early 1800s and was incorporated into the city in 1896. Before Brickell became the major financial district of Miami-Dade County, it was first recognized as the “Millionaire’s Row” of Miami in the 1900s because of the establishment of large, luxurious mansions in Brickel Avenue. One of Brickell’s major real estate developers initiated the construction during that time, Mary Brickell, wife of William Brickell who is also one of the co-founders of the City of Miami, Florida.
Lifestyle In Brickell
As one of the most prestigious neighborhoods in Miami-Dade County, Brickell does not only offer an upscale and exciting life for its residents but it is also known as a place for entertainment and convenience. With the easy access to various public transportations, employees working in this urban district can easily reach their workplaces and the Downtown area through accessible transportation means.
Most offices and infrastructures are also concentrated in specific places so workers caneasily reach various destinations like their office building and restaurants just by walking.With the presence of Publix Super Markets and other numerous specialty shops, residents of Brickell can also enjoy convenient access to amenities and whole day of shopping. Brickell offers residents a wonderful and opportune location wherein workplaces, amenities, entertainment sites, and other common destinations are all in close proximity and accessibility.
Brickell is composed of 3 major sub-districts offering varying residential options to cater to the different preferences and lifestyle needs of its residents.
- West Brickell – This is where most mid-rise apartment buildings are located.
- South Brickell – The sub-district where most single-family homes and lavish mansions are located. High-rise condominium towers are also constructed in this district.
- Brickell Key – A prestigious island community composed of oceanfront mid-rise and high-rise residential buildings.
Highlights And Main Destinations In Brickell
Brickell is composed of 2 major roads which include the Miami Avenue and the Brickell Avenue. The offices, financial establishments, and foreign consulates are concentrated along the Brickell Avenue while the Miami Avenue is the location of the popular May Brickell Village. This prominent village is home of some of the most popular and trendy shops, restaurants, bars, and nightlife spots in the district. Designed like a French village, May Brickel Village is the central hub for people looking for a great venue for social gathering, nightlife, and entertainment.
Another significant area in Brickell is the Brickell Key, also known as the Claughton Island that is a man-made island famous for its impressive, high-rise condominiums with magnificent oceanfront views, and hotels. Within the island community is a waterfront promenade featuring public art and breath-taking views of the native trees and the crystal blue water surrounding the island. The island also has its own major marketplace featuring European design. The marketplace is offering wide range of services from indoor and outdoor fine dining restaurants, informal dining spots, groceries, salons, dry cleaning, and banking facilities.
With the presence of so many high-rise towers, iconic skyscrapers are also very popular in Brickell district. One of the most popular towers is the Atlantis Condominium, a 20-storey condominium tower that is also considered a landmark and one of the main icons to the skyline of Miami.
And of course, with its close proximity to Downtown Miami, access to various important destinations are also easy like schools and colleges, healthcare facilities and hospitals, theaters, historic sites, parks, museums, libraries, and sports venues. Residents and workers can choose from 3 major transportation services operating in the district such as the Metro bus, Metro mover, and the Miami Metrorail. Taxis are also widely available because most of the residents prefer public transports rather than driving their own cars within the city.
Real Estate In Brickell
The real estate market in Brickell has been doing well despite the economic crisis suffered by the country for the past years. Composed mostly of high-rise to mid-rise residential buildings, apartments, and luxury waterfront homes, the real estate market is very active for years now. Many real estate properties from upscale condominium units and elegant mansions to average priced apartments being sold and rented in Brickell.
Prices of properties range from $150,000 to millions. Rental properties are also widely available and commonly preferred by visitors especially executives who are in the city for a few days or weeks to conduct business.
Current Real Estate Activities
According to updates, real estate properties near the River are some of the fastest properties to sell with units being easily sold just within 7 days in the market. In January 2013, a total of 50 properties where successfully sold with average price of $387 per square foot. The most expensive unit was sold at $712 per square foot while the lowest priced unit is at $142 per square feet.
Despite of its very prestigious and upmarket reputation, Brickell also offers affordable residential options for people who prefer practical homes and lifestyle while employed in the area or for investment purposes. There are a lot of properties in this sought after ZIP code with prices ranging from $300,000 and below. Affordable properties are usually average condo units and apartments with 1 to 2 bedrooms and 1 bathroom with living areas ranging from 700 to 1,200 square feet.
With the booming real estate market and the increasing demand, construction of new residential buildings and neighborhoods are already on its way providing new opportunities for people who want to invest and live in this prestigious district of Miami.