Key Takeaways
- Nobody who held for more than ten years has lost money here — of 101 resale pairs held beyond ten years, none sold at a loss. Not one. Across the whole record 48 of 354 pairs — 13.6% — lost money.
- The losses sit in the middle of the curve — 24.5% of five-to-ten-year holds and 21.4% of three-to-five-year holds lost money, against 9.9% under three years. This is the third Brickell Avenue building on this site to show that shape.
- This is a large-home building, with no small ones at all — the smallest home is 1,316 square feet and the median is 1,732 — larger than a typical Brickell tower’s biggest floorplan. 95 of the 161 homes are three-bedroom.
- It took ten years to get back to 2006 — median price per square foot ran $384 in 2006, fell to $237 in 2011 — a 38.2% fall, and was back to $385 in 2016. A decade to return to where it started.
- The county record here is unusually clean — the declaration’s ownership shares close at exactly 100.0000%, and the county records a bedroom and bathroom count for every one of the 161 homes. That is rarer than it sounds on this avenue.
- Very little changes hands — 22 qualified sales across four years in a building of 161 homes — one home in 29 per year.
1627 Brickell Avenue, Miami, Florida 33129 | Neighborhood: Brickell
The Imperial at Brickell is a single declaration at 1627 Brickell
Avenue, and it is unusual in two ways that matter to a buyer. It has no small
homes at all — the smallest is 1,316 square feet — and in its entire recorded
history, nobody who held one for more than ten years has sold it at a loss.
What the county records at The Imperial
The Miami-Dade County Property Appraiser records 162 folios in the
IMPERIAL AT BRICKELL CONDO declaration: 161 homes and one
reference folio for the underlying tract. There is no commercial space in the declaration at all.
The record here is cleaner than most. The undivided ownership shares sum to
exactly 100.0000% — no decimal errors, nothing to set aside — and the
county holds a bedroom and bathroom count for every single home. On this avenue
that is genuinely uncommon; at Brickell Place
Phase II the same roll records a bedroom count for two homes out of 417.
So the mix can be given exactly:
- 95 three-bedroom homes
- 64 two-bedroom
- one four-bedroom and one five-bedroom
The homes run 1,316 to 5,034 square feet, median 1,732. Three floorplates carry
almost the whole building: 63 homes at 1,316 square feet, 46 at 1,792 and 46 at
1,732. Assessed values for 2026 run $173,604 to $1,731,062, median $528,895.
The size floor is the thing to notice. Most Brickell buildings are built around
studios and one-bedrooms; here the smallest home is larger than the median home in many of
them. That shapes who lives here and it shapes the price record below, because there is no
small-unit segment to pull the per-foot figures around.
Forty-two years of prices
The recent record first, on the same basis as every building page on this site:
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 11 | $761,000 | $540 |
| 2024 | 5 | $925,000 | $555 |
| 2025 | 4 | $737,500 | $528 |
| 2026 to date | 2 | $810,000 | $523 |
🔴 Twenty-two sales across four years cannot establish a direction, and the
2024 median of $925,000 rests on five transactions. What the four years support is a band of
roughly $520 to $555 per square foot. The movement in the median price
column is telling you which homes sold, not what homes are worth.
The long record, median price per square foot:
- 1989 — $126, on 42 sales · 1990 — $130
- 1996 — $151 · 2000 — $150
- 2006 — $384, the pre-crash peak
- 2011 — $237 — a 38.2% fall
- 2016 — $385, back to the 2006 level almost exactly
- 2024 — $555 · 2025 — $528
Two things follow. The 2006 peak took a decade to recover — 2016 is the
first reading clearly back at it. And the eleven years from 1989 to 2000 moved the per-foot figure
from $126 to $150, which is to say barely at all. This building has spent long stretches
going nowhere, and then moved sharply.
The record starts in 1984. That matters for one comparison I am not going to
make: older buildings further down this avenue record a distinct fall in the mid-1980s, and this
declaration’s history does not reach far enough back to show one. Its record contains one
crash, not two.
Who lost money here, and who never did?
The county record holds 354 resale pairs across 132 of the 161
homes. 48 of them — 13.6% — sold for less than they cost.
Median holding period 5.9 years; median change +28.3%.
Broken down by how long the owner held, the pattern is stark:
| Held for | Resale pairs | Sold at a loss |
|---|---|---|
| Under 3 years | 81 | 9.9% |
| 3 to 5 years | 70 | 21.4% |
| 5 to 10 years | 102 | 24.5% |
| Over 10 years | 101 | 0.0% |
One hundred and one resales after more than ten years of ownership, and not one of them
lost money. That is the single most useful line the county record produces about this
building. I will add the caution it deserves: a zero in a sample of 101 is a strong result, not a
guarantee, and it describes sales that have already happened, not sales still to come.
This is the third building on this avenue to put its losses in the middle of the
curve. Brickell
Place Phase II records 12.8% / 21.0% / 25.0% / 6.7% across the same four bands, and Brickell Townhouse
records 13.5% / 27.1% / 34.3% / 9.7%. Three separate declarations, pulled separately, with the same
shape. The reason is visible in the dates: a five-to-ten-year hold begun in 2005 or 2006 ends inside
the 2011–16 trough.
The extremes, each read against the folio’s whole sale history rather than the flagged row
alone:
- Best: $180,000 in August 1989 → $750,000 in April 2022 — unit 2702,
1,316 square feet, +316.7% over 32.7 years. - Worst: $480,000 in October 2005 → $275,000 in January 2010 — unit
1802, the same floorplate, −42.7% in 4.3 years. Bought at the peak, sold in the trough. - Largest sale: $1,250,000, unit 404, 1,912 square feet, April 2023 — $654
per square foot.
One limit on all of the above. The round-trip base is 132 of the 161 homes:
29 homes contribute no pair at all, and a further 115 transaction legs were set
aside as bulk or portfolio transfers rather than open-market sales. The percentages above describe
the homes that have genuinely traded twice, which is the right basis — but it is not every
home in the building.
Who this building suits, and who it does not
This suits a buyer who wants a genuine three-bedroom on Brickell Avenue and
intends to keep it. Ninety-five of the 161 homes are three-bedroom, the median home is 1,732 square
feet at around $530 per square foot, and the ten-year record is the best on any
building page I have written.
It suits badly a buyer with a five-to-ten-year horizon — that is where a quarter of the
losses in this building were made — and it suits badly anyone who wants a small, cheap entry
point, because there isn’t one. The smallest home here is 1,316 square feet.
To an owner thinking of selling: if you are past ten years, this record is as
favourable as any I have measured, and the scarcity argument is real at one sale in 29 per year. If
you are at six or seven years, read the middle rows of the table above before you price. And treat
the recent medians carefully: four sales set the 2025 figure and five set 2024’s, so a single
large or small home moves the apparent market a long way.
Verified 25 August 2026 against the Miami-Dade County Property Appraiser record
for 1627 Brickell Avenue — all 162 folios of the IMPERIAL AT BRICKELL CONDO declaration
retrieved individually, grouped by subdivision and filtered to residential homes, excluding one
reference folio. ⚠️ The subdivision string is not uniform in the roll: 161 folios read
“IMPERIAL AT BRICKELL CONDO” and one reads “THE IMPERIAL AT BRICKELL CONDO”,
so grouping on an exact match would split the declaration. The undivided ownership shares close at
exactly 100.0000%. Sale figures are qualified, arm’s-length transactions only, with bulk and
portfolio transfers collapsed to a single transaction; 115 transaction legs were set aside on that
basis. Resale percentages describe 354 pairs across 132 of the 161 homes — 29 homes have never
traded twice on the qualified record. 2026 is an incomplete year and its two sales are not treated
as a trend. Building age, storey count, architect and amenity detail are omitted: no primary source
has been confirmed for them. Re-check when the next tax roll publishes.
The Imperial at Brickell — Frequently Asked Questions
How many units are in The Imperial at Brickell?
The Miami-Dade County Property Appraiser records 162 folios at 1627 Brickell Avenue: 161 homes and one reference folio. There is no commercial space in the declaration.
What size are the homes at The Imperial?
Large, and uniformly so. They run 1,316 to 5,034 square feet with a median of 1,732 — the smallest home here is bigger than the median home in many Brickell towers. Three floorplates dominate: 63 homes at 1,316 sq ft, 46 at 1,792 and 46 at 1,732.
How many bedrooms do the homes have?
95 are three-bedroom, 64 are two-bedroom, and there is one four-bedroom and one five-bedroom. ⭐ The county records a bedroom and bathroom count for all 161 homes, which is unusual on this avenue.
Do people lose money at The Imperial at Brickell?
Some do, and the pattern is unusually clear. Of 354 resale pairs, 48 — 13.6% — sold at a loss. ⭐ But of the 101 pairs held more than ten years, none did. The losses concentrate in the three-to-ten-year range.
Did The Imperial recover from the 2008 crash?
Yes, and it took about a decade. Median price per square foot ran $384 in 2006, fell to $237 in 2011 — a 38.2% fall — and returned to $385 in 2016. It has roughly doubled from the trough since.
What do homes at The Imperial sell for now?
Across the last four years the median has run $761,000 (2023), $925,000 (2024), $737,500 (2025) and $810,000 (2026 to date), in a band of roughly $520 to $555 per square foot. ⚠️ Those rows rest on 11, 5, 4 and 2 sales — a band, not a trend.
How often do homes come up for sale here?
Rarely. Twenty-two qualified sales across four years in a building of 161 homes is one home in 29 per year. If you want this building specifically, expect to wait and expect little choice.
Sources and further reading
Related coverage
Part of Miami Luxury Condos.