Description
This unit operates under a co-ownership model with eight owners per residence. Each buyer acquires a 1/8 share of the property, sharing the initial purchase cost as well as operating and maintenance expenses equally among all owners. Ownership is structured through a parent company in which all owners are included on the title, ensuring a clear and secure legal framework. Under this flexible-use model, each owner enjoys up to 45 days of use per year, distributed across multiple stays, with usage weeks rotating annually to allow access to different seasons at no additional cost. Unlike a fixed model, there is no guaranteed rental income; however, owners may personally use their allotted days or place them in the rental pool to generate income based on market demand and occupancy. The developer is also one of the co-owners and manages all operations, administration, and reservations, eliminating the need for personal involvement. The unit is delivered fully furnished and ready for immediate use, and all fractional interests are priced equally since ownership is based on rotating usage rather than fixed seasons. Overall, this is an ideal opportunity for buyers seeking a Brickell property with a low entry cost, flexible annual use, and income potential without the burden of hands-on management-supported by professional photos and a virtual tour available in the unit's Dropbox.
Details
| MLS # | A11946527 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $106 |
| Sub-Type | New Construction |
| Status | Active |
| Year | 2024 |
| Days On Site | 304 |
| Listing Provided By | EXP Realty LLC | Martha Ledesma Guevara |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 Total |
| Garage | 1 |
| Pool | Yes |
| Story(s) | 26 |
| Property View | Yes |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Valet |
Taxes
| Tax Annual Amount | 1079 |
|---|
Location
| Community Features | Home Owners Association |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33130 |
| Area | 2410 |
| Community Name | Smart Brickell |
| Listing VS Median (in Smart Brickell) | |
Price: $124,500 low | high Med: $437,500 On site: 304 low | high Med: 147.5 | |
Market Activity 33130
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33130 |
| Area | 2410 |
| Community Name | Smart Brickell |
| Listing VS Median (in Smart Brickell) | |
Price: $124,500 low | high Med: $437,500 On site: 304 low | high Med: 147.5 | |
