Two Brickell Condos up for Auction This Month

August 6, 2007

Two Brickell condos will hit the auction block later this month. The first is a 2 bedroom + den/2 bath loft residing on the 29th and 30th floors at Neo Vertika. The loft has 1,255 square feet of interior space on tw0-levels with 20-foot ceilings. Neo Vertika is located along the Miami River, west of Brickell Avenue at 690 SW 1 Ct. Neo Vertika is a recent addition to Miami. Closings began in August of 2006.

The loft will go up for auction at 11:30am on August 20, 2007 with an opening bid of $125,000. The July Brickell Condo Index revealed that the average price per square foot of units sold at Neo Vertika over the past six months was $375.53.

The second condo up for auction is a 2 bedroom/2 bath at Villa Regina. The condo has 1,895 square feet of interior space, three separate balconies and offers partial bay views from a low floor. Villa Regina had a recent special assessment to update the lobby, hallways, marina and landscaping. Villa Regina is located at the southern end of Brickell Avenue at 1581 Brickell Avenue.

The condo at Villa Regina will go up for auction at 4:45pm on August 21, 2007 with an opening bid of $100,000. According to the July Brickell Condo Index, condos sold over the previous six months at Villa Regina had an average price per square foot of $316.62.

Don’t miss out on either of these exciting auctions. Contact me today for more information!