In this roundup, 14 residential properties closed during the August 8-12 period in Key Biscayne and Brickell.
A 1997 Key Biscayne condo with four bedrooms and four bathrooms was the top-selling property. Spanning 2,080 square feet, the Crandon Boulevard home sold for $2.62 million, or $130,000 less than the asking price.
Earlier this week, Robert Diez, chief economist for the National Association of Home Builders, said a housing slump was happening. Construction costs, higher wages, labor shortages and rising Federal Reserve interest rates are all contributing to a national housing slowdown.
For homebuyers, that could mean deals are on the horizon as prices have cooled. Keep reading to see if you think the slowdown has taken hold in Key Biscayne and Brickell.
4 bedrooms/4 bathrooms/2,080 square feet
711 Crandon Blvd., apt. 202 Key Biscayne, FL 33149
Geysa Guarconi with KB Realty represented both seller and buyer of the four-bedroom property, which was listed for $2.75 million and built in 1997.
2 bedrooms/3 bathrooms/1,409 square feet
1121 Crandon Blvd., apt. D505, Key Biscayne, FL 33149
Two bedrooms with boudoir and three full bathrooms. Completely remodeled in 2015. Listed for $1.25 million, the unit features marble flooring, quartz countertops, marble in the bathrooms, and the master bath has a Jacuzzi tub.
2 bedrooms/2 bathrooms/1,486 square feet
151 Crandon Blvd., apt. 107 Key Biscayne, FL 33149
Two Bedrooms in Emerald Bay at Key Colony features a beautiful beachfront pool with an open-air restaurant, direct beach access, hair salon, convenience store, 12 tennis courts and a children’s playground. games for children. The condo was listed for $1.487 million.
1 bed/1 bath/791 square feet
2101 Brickell Avenue, apt. 1802, Miami, FL 33129
A bedroom in Brickell’s modern Skyline, a 35-story luxury condo with a marina and resort-style amenities sold for $15,000 above asking price.
2 bedrooms/2 bathrooms/933 square feet
1010 Second Ave., Unit 1101, Miami, FL 33130
Two bedroom apartment located within walking distance of the village of Mary Brickell sold at the offered price.
1 bed/1 bath/620 square feet
45 West Ninth St., Apt. 2507, Miami, FL 33130
One bedroom in Brickell Heights with a tenant in place through October 2022. Sold for $9,000 below asking price.
1 bed/1 bath/640 square feet
185 14th ter., app. 2513, Miami, FL 33131
Beautiful one bedroom with in-unit laundry and a poolside Tiki bar sold for $15,000 above the listed price.
2 bedrooms/2 bathrooms/1,152 square feet
801 S Miami Ave., Unit 4105, Miami, FL 33130
The upgraded corner unit in SLS Lux Brickell includes two assigned parking spaces, a private foyer and concierge services.
1 bedroom/1 bathroom/842 square feet
485 Brickell Ave., apt. 2906, Miami, FL 33131
A room listed on Airbnb and located in the W Hotel Miami, considered ideal for investors looking for an income-generating property.
2 bedrooms/2 bathrooms/1,640 square feet
1541 Brickell Ave., Unit B2204, Miami, FL 33129
Large two bedroom at the Palace with two balconies and beautiful water views of Biscayne Bay. This property sold at the asking price.
3 bedrooms/2 bathrooms/1,510 square feet
1155 Brickell Bay Drive, Apt. 2004, Miami, FL 33131
The 20th-floor three-bedroom unit in The Mark on Brickell has been listed for $895,000.
1 bed/1.5 bath/900 square feet
1450 Brickell Bay Drive, Apt. 1214, Miami, FL 33131
A bedroom located in a peaceful area sold for only $4,500 below the asking price.
2 bedrooms/2 bathrooms/1,013 square feet
1111 First Ave, Apt. 2522, Miami, FL 33130
Two bedrooms in the centrally located Axis residence has a tenant in place until December 2022. Sold for $15,000 below the offered price.
1 bed/1 bath/825 square feet
1200 Brickell Bay Drive, Apt. 2406, Miami, FL 33131
One bedroom with hardwood floors sold at the price indicated.