Brickell single-family home listed for $5M

15K sf lot, at 1555 South Miami Avenue, last sold for $335K in 2003

Aug.August 03, 2015 05:00 PM

A single-family home in the Brickell area, the largest lot on the submarket, was recently listed for $4.88 million, The Real Deal has learned. 

Gary Hecht and Sylvia Cherry-Olozaga, of One Sotheby’s International Realty‘s Cherry Group, are listing the 7,179-square-foot gated estate, which features a heated and salt-treated infinity pool, elevator, full basement, and a covered, outdoor entertainment space with a summer kitchen, fireplace and full bath. It has six bedrooms, seven bathrooms and one half-bath.

“What’s unique about this house is that it’s at the entrance to Brickell, and is a 15,000-square-foot lot is rather unheard of for South Miami Avenue,” Hecht told TRD. “You look up and see high-rises; it’s uncommon.”

The property, at 1555 South Miami Avenue, features 13 indigenous trees, including live oaks. It last sold for $335,000 in 2003, according to Miami-Dade property records. Before that, it sold for $742,500 in 2002. Miguel and Alina Baena own the home, which was built in 2013. Baena is president of South Pointe Construction & Development.

“They’re selling because they’re builders,” Hecht said. “The market is very good, and they decided to continue on doing what they do, which is build and sell luxury single-family homes.”

The home is on the market for about $680 per square foot, which is lower than a condo, not taking maintenance fees into account, Hecht said.

The property is within walking distance of the planned Brickell City Centre, Swire Properties’ $1.05 billion mixed-use development; as well as Mary Brickell Village, which was completed in 2006.

Related Articles

Four Seasons Hotel Miami at 1435 Brickell Avenue (Credit: Averette/Wikipedia)

Four Seasons Hotel Miami, DoubleTree near MIA lay off hundreds

From left: Dennis Carvajal, Mirce Curkoski, Albert Justo, and Susan Gale (Credit: iStock)

Dennis Carvajal, Mirce Curkoski and Albert Justo score top awards at One Sotheby’s

One Sotheby’s names SVP of marketing

One Sotheby’s names SVP of marketing

Fabio and Sebastian Faerman with 801 Brickell Bay Drive

Turkish nightclub mogul buys Brickell space for first US location

Jake Vogel and the upper penthouse 6201 at Brickell Flatiron (Credit: Facebook)

Marine industry exec drops anchor at Brickell Flatiron

André Duek and Carolina Lara with Daniel de la Vega

One Sotheby’s acquires brokerage with Brazilian reach

Steven Hurwitz and Ryan Severino

JLL’s top economist forecasts low probability of a recession

From left: Carlos Mattos, Nusret Gökçe, Panorama Tower and 999 Brickell (Credit: Getty Images)

Panorama Tower debris damaged building housing Salt Bae joint: lawsuit