The Imperial at Brickell

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:

🔴 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:

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.