The future looks bright for the Miami luxury real estate
market despite the economic decline in the US due to the COVID-19 pandemic. The
Brickell Flatiron, the latest project by luxury real estate developer Ugo
Colombo, had $31.62 million in real estate sales since
March. In fact, since the opening of this building, 98 percent of the units
have been sold. However, there is one beauty that since remains unclaimed at
the Brickell Flatiron and it can be found on the 62nd floor.
The last remaining penthouse at the Brickell Flatiron is
on the market for $9 million. This unit is a two-story, 4,663-square-foot
beauty. It comes fully furnished with four bedrooms and five and a half
bathrooms. The penthouse features terraces that extended from each exterior
room and gorgeous, vast views of Biscayne Bay and downtown Miami. Created by Spanish
architect Alexis Cogul Lleonart, this penthouse was beautifully designed to
compliment the gorgeous views this unit offers. With vibrant color choices,
contrasting materials, and fluid lines, this unique design is sure to capture
the attention of all who enter.
Learn more about Italian-born real estate developer Ugo Colombo, CMC Group President.
COVID-19 has made many things uncertain, but one thing
that remains clear is the increasing demand for luxury real estate in Miami.
Even amidst a pandemic, the Brickell Flatiron (Ugo Colombo’s latest project),
closed on a whopping $31.62 million in sales since March. As the US economy
continues to drop, Miami’s luxury real estate continues to rise, and the
Brickell Flatiron sales are proof of this fact.
Details on the Brickell Flatiron Sales
The Brickell Flatiron project first broke ground in early
2017 and finally opened late 2019. Since its opening the 64-story, 527-unit has
sold 98 percent of its units which is equivalent to 516 units. In the last
three months, four of the five penthouse units were sold and four more have
gone under contract. The four units that have gone under contract since March
have all gone to contract at asking price. The smallest unit of the four units
under contract is a 900 square-foot one-bedroom, one-bathroom that went for
$450,000. The largest is a 2,200 square-foot three-bedroom,
three-and-a-half-bathroom condo that went for $1.88 million. There is one
penthouse that remains available at the Brickell Flatiron and the asking price
is $9 million. If the past three months are any indicator of what the future
holds for Miami luxury real estate sales, that penthouse won’t be available for
Learn more about Italian-born real estate developer Ugo Colombo,
President of CMC Group.