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: