Yesterday I received an email from RCRS stating that 500 Brickell has become Fannie Mae approved. This means that this building now qualifies for conventional lending from the major lenders as long as the buyer is credit-worthy. This is good news for Related and should assist them in closing many more of the units. This follows after recent price cuts at 500 Brickell. Currently this is one of the best deals in town for a NEW condominium. Sure some of the prices are not in line with Miami Foreclosures or Short Sales but not all buyers today have cash to go after those. Prices at 500 Brickell start in the low $200,000’s for 1 bedrooms and the low $300,000’s for 2 bedrooms. For showings call Samir Patel, Licensed Real Estate Broker of Miami Condo Realty, Inc. at 305-503-6183.

Here are photos from 500 Brickell:

I am excited to present that finally the Related Group has slashed prices on 500 Brickell. Many agents and brokers knew this had to happen some time or later as sales were taking place slower than expected over the last year. So finally Related has reacted to the market and is making it that much more affordable to own a brand new condo in the sought after neighborhood of Brickell. I must first say that 500 Brickell is one of my favorite new buildings in town. It has more of a hotel like feel than many of the other condos in Miami. It also has a very nice ammenities package including a seperate lobby for each tower, a huge swimming pool in the middle of the building with a large pool deck, a sports lounge, theater, full service gym, resistance pool, and a roof-top pool and sun deck.

So now the affordable 1 bedrooms in 500 Brickell can be picked up starting from $216,900 and up to $300,000. Also 2 bedrooms are available from just over $300,000. In the past these 1 bedrooms sold for $300,000 and up, and the 2 bedrooms from $380,000 and up! So if you’re interested in taking a tour of the building give me a call. I also have the full price sheet so I’m sure we’ll find the best option for you. Here are the photos:

Lobby of 500 Brickell East Tower:

Kitchens of 500 Brickell:

Bathrooms of 500 Brickell:

Residents Room:

Gym:

Spa:

Roof-top Pool and Sun Deck:

Here are the amenities for 500 Brickell:

Over 20,000 sf. of premium retail space.

Valet parking.

Parking in secured garage.

24-hour controlled access.

Convenient mail and package receiving desk and concierge.

4 high-speed resident elevators per tower.

Unique design by award winning architectural firm, Arquitectonica.

Magnificent lobby and common areas by world renowned designer Michael Wolk.

42nd floor rooftop pool (heated) and pool deck offering all 500 Brickell residents incredible bay and downtown views while swimming, sunbathing or partying.

11th floor urban oasis: pool deck with circular infinity-edge pool (heated) and daybeds.

11th floor club room with warming kitchen, billiards, and bay views.

11th floor spa and fitness center overlooking the city.

Incredible city and bay views.

Advanced technology “Smart Building”, pre-wired for Wi-Fi high-speed Internet, data/voice and cable TV access.

Each residence will receive a wireless smart screen touchpad tablet, which the resident can use to access all of the building’s amenities and services. The building, as well as the touchpad, is fully upgradeable with a dizzying array of techological wonders.

Environmentally friendly “Green Building” features.

High-tech trash chute sorters that allow residents to send down their recyclables and waste.

Energy efficient, tinted impact-resistant sliding glass doors and windows.

Energy efficient air conditioning and heating system.

Spacious living room with adjacent terrace (see individual floorplans)

Spacious walk-in closets.

Glass balconies featuring fantastic views.

Secure elevators to be accessed by resident key-fobs or access cards.

Top-of-the-line full-size stackable wasther and dryer.

Designer carpet in living and bedrooms.