Miami Real Estate: The Jade

The Jade is a beautiful, modern, waterfront building that is walking distance to all of the activity on Brickell Avenue.  Built in 2004, the Jade has amazing resort-like amenities including a spectacular infinity pool, state-of-the-art gym, entertainment rooms, private elevators to your residence, and views galore.

The Jade was one of the first luxury buildings completed during the boom and provides a great historical perspective of the boom, bust and now rebound of Miami real estate.  There are currently 23 units listed for sale out of a total of 326 units.  The average price listing price per square foot is $629.  In 2004 the average price per square foot of units sold was $540 and at the height of the market ini 2007 it was $805.

Approximately one-third of the building is still owned by original buyers who purchased in 2004 and 2005.  That fact, coupled with the fact that the majority of the sales that took place in 2008 and 2009 were cash purchases, results in a very stable condominium association.

 

 

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Jennifer Wollmann

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