Building facts
- Address
- 1155 Brickell Bay Drive
- Neighborhood
- Brickell
- Year built
- 2001
- Floors
- 36
- Residences
- 370
- Status
- Completed
- Developer
- Related Group
- Architect
- Sieger Suarez Architects
- Pricing
- Starting at $500,000
Key Takeaways
- This is the steepest decline I have measured — price per square foot down 28.9% since 2023 — $657 to $467.
- It has fallen in every year — $657, $645, $570, $467. No year has gone the other way.
- And the fall is accelerating — the 2025 to 2026 drop of 18.1% is the largest of the three.
- 359 homes and two commercial units at 1155 Brickell Bay Drive — a median home of 1,140 square feet.
- It is a two-bedroom building — 195 of the 359 homes, with a further 62 three-bedrooms.
- The record sale is $1,350,000 — from May 2014 — nothing in twelve years has beaten it.
1155 Brickell Bay Drive, Miami, Florida 33131 | Neighborhood: Brickell
The steepest fall measured on this site
Qualified sales from the Miami-Dade County Property Appraiser record, counted 18 August 2026 — arm’s-length transactions only.
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 16 | $645,000 | $657 |
| 2024 | 17 | $689,000 | $645 |
| 2025 | 7 | $650,000 | $570 |
| 2026 to date | 7 | $525,000 | $467 |
$657, $645, $570, $467. Across four years that is a fall of 28.9%, and it is the steepest decline I have measured in any building on this site.
Three things make it worse than the headline. It has fallen in every single year — there is no year of recovery anywhere in the record. It is accelerating: the annual drops are 1.8%, then 11.6%, then 18.1%, with the largest and most recent being ten times the first. And volume collapsed alongside it, from 16 and 17 sales in the first two years to seven in each of the last two.
I would rather write that plainly than soften it. A buyer considering this building deserves to see the shape of the record, and a seller in it needs to know what a buyer’s agent will find.
Is this real, or a floorplate illusion?
Elsewhere on this site I spend a good deal of time explaining that an apparent collapse is usually an artefact — that the median moved because different-sized homes sold, not because value changed. That defence does not hold here, and it is worth showing why.
The test is whether the two measures agree. Median sale price fell from $645,000 to $525,000, about 18.6%. Median price per square foot fell 28.9%. Both move down, in the same years, by broadly comparable amounts. When the like-for-like measure falls at least as fast as the headline measure, the decline is not a sampling artefact — it is the building.
The honest qualification is sample size. The last two years rest on seven sales each, against 16 and 17 in the two before. Seven transactions is thin, and the precise figure of 28.9% should be treated as approximate.
But the direction is supported by all four years and by both measures moving together, and by a total of 47 qualified sales across the period. The magnitude is uncertain; the direction is not.
One further piece of evidence points the same way. The building’s record sale is $1,350,000 — from May 2014. Twelve years and nothing has beaten it, not even during the 2021–22 peak when a great deal of Miami stock set new highs. A ceiling that old is consistent with a building that has been soft for a long time rather than one that has just turned.
What is in the building
The county record returns 361 folios at 1155 Brickell Bay Drive: 359 residential homes and two commercial units.
The mix is 195 two-bedrooms, 102 one-bedrooms and 62 three-bedrooms — a genuinely family-oriented building by Brickell standards, with more than seven in ten homes having two bedrooms or more. Heated area runs 730 to 2,230 square feet, with a median of 1,140.
The 2026 assessed values run $174,777 to $1,211,186, with a median of $446,117.
It is worth saying that none of this is a bad building on paper. The format is desirable, the homes are a reasonable size, and the address is central. Whatever is driving the price record, it is not a shortage of space or bedrooms. The county record shows transactions and not causes, and I am not going to speculate about the reasons.
Who this building suits
It suits a buyer who wants a real two- or three-bedroom Brickell home at a materially lower per-foot cost than the surrounding market, and who has a long horizon and no need to sell into a weak market. On the record, entry today is nearly 29% cheaper per foot than in 2023.
It suits almost any short-horizon buyer poorly. Four consecutive years of decline, accelerating, on falling volume, with a twelve-year-old price ceiling is about as unfavourable a combination as this data set produces.
For an investor the arithmetic is stark. You would be buying into the steepest and fastest phase of a four-year fall, in a building where seven homes traded last year, so you can neither price with confidence nor rely on exiting quickly.
If you are selling here, my advice is to take the record seriously rather than argue with it. The 2023 and 2024 figures are not your comparables any more, and a buyer’s agent will produce this same table. Pricing at the current per-foot level is likely to cost you less than months of carrying a listing that the evidence does not support.
Verified 18 August 2026 against the Miami-Dade County Property Appraiser record for 1155 Brickell Bay Drive — all 361 folios retrieved individually, grouped by subdivision and filtered to residential homes, excluding the two commercial folios along with parking, cabana and storage. Sale figures are qualified, arm’s-length transactions only. The 2025 and 2026 figures each rest on seven sales, so the precise magnitude of the decline is approximate; the direction is supported by all four years, by both the median price and the per-foot measure moving together, and by 47 sales in total. Building age, storey count and amenity detail are omitted: no primary source has been confirmed for them. Re-check when the next tax roll publishes.
The Mark on Brickell — Frequently Asked Questions
Have prices fallen at The Mark on Brickell?
Yes, and more steeply than in any other building measured for this site. Median price per square foot went $657, $645, $570 and $467 across the four years — a fall of 28.9%, with no year moving the other way.
Is the decline slowing?
No. The annual falls are about 1.8%, then 11.6%, then 18.1%. The most recent drop is the largest, and roughly ten times the size of the first.
Could this be a floorplate illusion rather than a real decline?
No. That explanation applies when the median sale price falls while the per-square-foot figure holds. Here both fall together — median price down 18.6%, price per square foot down 28.9% — which is the signature of a genuine decline in value rather than a change in which homes sold.
How reliable is the 28.9% figure?
The direction is reliable; the exact number is approximate. The last two years rest on seven qualified sales each, against 16 and 17 in the two before. Across the full period there are 47 sales, and all four years point the same way.
How many units are in The Mark on Brickell?
The Miami-Dade County Property Appraiser records 361 folios at 1155 Brickell Bay Drive: 359 residential homes and two commercial units. The mix is 195 two-bedrooms, 102 one-bedrooms and 62 three-bedrooms.
What is the most expensive sale at The Mark on Brickell?
$1,350,000 — recorded in May 2014. Nothing in the twelve years since has beaten it, including during the 2021 to 2022 period when much of the Miami market set new highs. The top 2026 assessed value is $1,211,186.
Is The Mark on Brickell a good investment?
It is difficult to argue for on a short horizon. Values have fallen in each of four years, the fall is accelerating, volume has dropped by more than half, and the price ceiling is twelve years old. The case in its favour is that you would be buying real two- and three-bedroom Brickell space at close to $467 per square foot, well below the surrounding market — which suits a long-horizon owner-occupier far better than an investor.
Sources and further reading
Interested in selling in The Mark on Brickell?
Learn more about selling your condo in The Mark on Brickell with Josh Stein.
Related coverage
Part of Miami Luxury Condos.