5 Bedroom Penthouse Foreclosure at Imperial at Brickell

May 14, 2010

Yesterday afternoon, I had the pleasure of viewing a bank owned 5 bedroom penthouse at Imperial at Brickell.  The two-story condo has 5,034 square feet of interior and is the only residence located on the penthouse level.  Furthermore, the terrace is one of the largest that I’ve seen for a Brickell Avenue condo and has an amazing, direct view of Biscayne Bay, Key Biscayne and the South Beach skyline.  It truly is an entertainer’s dream.

A few days ago, the list price was reduced $300,000 to its current asking price of $1.49M, or $296 per square foot.  The unit needs to be renovated considerably.  In fact, if it were me, I would gut the entire condo and start from scratch.  The condo is perfect for someone who is creative and has the vision to transform this space into one of the most spectacular residences along Brickell Avenue.

Without a doubt, this is a rare opportunity at a great price. Contact us at 305-428-3860 if you have any questions regarding this 5 bedroom penthouse or would like to schedule a personal showing.

Imperial at Brickell was completed in 1983 and is located at 1627 Brickell Avenue.