Will Brickell’s Most Expensive Condo Ever Get Any Action?

May 11, 2016

1425 BRICKELL AV # PH1EFA

Ladies and gentlemen, here for your ogling pleasure is PH1EFA, at the top of Brickell’s Four Seasons Tower; approximately 8,000 square feet of plush, restrained, and (dare we say) slightly lobby-like luxury at the top of Miami’s current tallest building, priced at a whopping $27 million. It comes with a wine room currently containing a giant bottle of Veuve Cliquot, a media room, five bedrooms, and a master closet straight out of a Louis Vuitton boutique, or maybe a forgotten corner of Neiman’s. As of tomorrow however the unit will have been on the market for one complete, 365 day year. Is it the price?

Miami Condo Investments’ Lucas Lechuga says “There’s no doubt that this penthouse is one of the finest properties in all of South Florida, but, at the end of the day, the Brickell market isn’t there yet. It first needs to hit $2,000 per square foot before it will be able to tackle $3,000+ per square foot.” So, yes Virginia, it is the price. We’ll see what happens in another year.