Yesterday, a tenant moved into our listing at Santa Maria on Brickell Avenue near Miami’s Financial District. This unit was for sale as well as rent (some of our customers list their properties for sale and for rent simultaneously). This allows the market to decide if the listing rents or sells. In recent years, the listing would rent 80% of the time since the rental market has been very hot across Dade County.
Santa Maria Condo is one of South Florida’s premier condo communities. It was developed by Ugo Colombo who has a loyal following which causes his buildings to sell at a premium. Santa Maria and his Grovenor House project in Coconut Grove sold out quickly when pre-construction sales were offered. Today, both buildings are regarded as the creme de la creme for luxury condos in Miami.
Unit #806 (which we rented yesterday) features an open floor plan, large balcony, and a combination of marble and granite finishes. List Price for rent was $4,600/month and it rented for $4,300. It is still available for sale at $945,999. This is a terrific opportunity for investors who want to seize the opportunity to purchase a luxury condo unit that has a long term tenant already secured. The tenant has a lease until November.
Building amenities include:
24 hr security, 24 hr valet, state of the art fitness center and spa on the top floor that showcases STUNNING views of Biscayne Bay and Miami Beach, tennis and racquetball courts, a turn of the century distinctive mansion for parties, marina, pool and much more!
Santa Maria Condo #806 Specifications:
2100 Square Feet
Maintenance Fee: $1,414/month
Unit Faces West