Portfolio of 4 Luxury Condominiums
Multifamily | 4 Units | $518,316/unit
Marketing description
This memorandum presents a rare opportunity to acquire a portfolio of four (4) income-producing, 1-bedroom / 1-bathroom luxury condominiums located at 1200 Brickell Bay Drive, Miami, Florida 33131 — one of the most desirable addresses in Brickell's urban core.
All four units are in excellent condition and professionally maintained. The portfolio is being offered as a single transaction. Each unit features 1 bed / 1 bath with an open-plan kitchen and living area, a large private terrace, and one assigned parking space. Units are located on high floors with open, unobstructed views.
The portfolio is currently 100% occupied by a single short-term rental (STR) operator who has managed all four units continuously for over four years and is willing to extend operations under a new ownership structure. This represents a turnkey, zero-vacancy acquisition with immediate cash flow from day one.
The property sits at the intersection of Brickell Bay Drive and SE 12th Street — half a block from Biscayne Bay and within the densest concentration of Class A residential and commercial real estate in Miami.
Investment highlights
- Building class: High-rise Category A - built 2008, premium construction and finishes
- No special assessments currently levied or anticipated Condominium association is well-capitalized with healthy reserves
- Professional on-site management - building is well-maintained and operationally sound
- One of the very few buildings in Brickell approved for Airbnb and short-term rentals a scarce and highly marketable differentiator
- Each unit: 1 bedroom / 1 bathroom - open-plan layout, excellent condition throughout, located on high floors (floors 23-38) with open, unobstructed views
- Spacious floor plans ranging from 778 to 825 SF of interior living area
- Large private terraces: 175 SF to 275 SF - with lateral views of Biscayne Bay
- Each unit includes 1 assigned parking space (4 total)
- Half a block from Biscayne Bay — lateral bay and open city views from upper-floor units (floors 23–38)
- Directly across from the future Citadel Tower — a ~$2 billion mixed-use development anchored by the Miami headquarters of Citadel, expected to be the most prestigious office tower in Florida, featuring premium office space, restaurants, and hospitality
- 4 blocks from Brickell City Centre — Miami's premier urban retail and dining destination
- Walking distance to Brickell's financial district, Mary Brickell Village, and the Metromover
- Immediate access to I-95, US-1, and major arterials — central to all of Miami-Dade
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