Miami Luxury Condos · Brickell · The Mark on Brickell
By Josh Stein · Florida license SL3057661 · Updated 30 September 2026
Verified 22 September 2026Miami-Dade County Property Appraiser1 source
The Mark on Brickell — photography to follow
Building facts
- Address
- 1155 Brickell Bay Drive
- Neighborhood
- Miami
- Year built
- 2001
- Floors
- 36
- Residences
- 362
- Developer
- Related Group
- Architect
- Sieger Suarez Architects
- Status
- Delivered — completed 2001
On recorded 2026 sales this building runs $467 per square foot — cheaper than 107 of the 117 buildings on the Miami Condo Index. Figures are closed sales from the Miami-Dade County Property Appraiser, not asking prices. Hover or tap a colour to see the split.
Key Takeaways
- The Mark on Brickell recorded 10 sales in the 12 months to 22 September 2026 — at a median of $660,000, or $564 per square foot, on the Miami-Dade County Property Appraiser record. The latest recorded sale was on 8 July 2026. Own at The Mark on Brickell? Ask Josh what yours would sell for on WhatsApp.
- Price per square foot is down 22.0% since 2023: $657 to $512 (2026 to date).
- It has fallen in every year: $657, $645, $570, $512. No year has gone the other way.
- The pace has eased slightly: the 2025 to 2026 drop is 10.2%, after 11.6% the year before.
- 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 now $1,600,000, on 8 July 2026: a 1,940 sq ft home that sold for $1,250,000 in June 2021. The previous record, $1,350,000 in May 2014, had stood for twelve years.
1155 Brickell Bay Drive, Miami, Florida 33131 | Neighborhood: Brickell
The price record
Qualified sales from the Miami-Dade County Property Appraiser record, counted 22 September 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 | 8 | $597,500 | $512 |
$657, $645, $570, $512. Across four years that is a fall of 22.0%.
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. The falls are large: the annual drops are 1.8%, then 11.6%, then 10.2%, so the two most recent are each more than five times the first. And volume fell alongside it, from 16 and 17 sales in the first two years to seven and eight in 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 artifact: 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 $597,500, about 7.4%. Median price per square foot fell 22.0%. Both move down, in the same years, and the per-foot measure falls faster. When the like-for-like measure falls at least as fast as the headline measure, the decline is not a sampling artifact: it is the building.
The honest qualification is sample size. The last two years rest on seven and eight sales, against 16 and 17 in the two before. Seven or eight transactions is thin, and the precise figure of 22.0% 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 48 qualified sales across the period. The magnitude is uncertain; the direction is not.
One recent sale cuts the other way. The building’s record sale is now $1,600,000, recorded on 8 July 2026 for a 1,940 sq ft home, $825 per square foot, that sold for $1,250,000 in June 2021. The previous record, $1,350,000 in May 2014, stood for twelve years, through the 2021–22 peak when a great deal of Miami stock set new highs. One sale at the top does not change the median series, which still points down, and it is in the 2026 median above.
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 about 22% cheaper per foot than in 2023.
It suits almost any short-horizon buyer poorly. Four consecutive years of decline on falling volume is an unfavorable record for a short hold.
For an investor the record is thin and negative: four years of falling per-foot prices, in a building where seven homes traded in 2025 and eight so far in 2026, so you can neither price with confidence nor rely on exiting quickly.
If you are selling here, 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.
The Mark on Brickell — Frequently Asked Questions
What have homes at The Mark on Brickell sold for in the last 12 months?
10 sales were recorded on the Miami-Dade County Property Appraiser record in the 12 months to 22 September 2026, at a median of $660,000 ($564 per square foot). The latest recorded sale was on 8 July 2026. These are recorded closings, not asking prices. If you own at The Mark on Brickell and want to know what your home would sell for, message Josh Stein on WhatsApp at (305) 695-8257.
Have prices fallen at The Mark on Brickell?
Yes. Median price per square foot went $657, $645, $570 and $512 across the four years, a fall of 22.0%, with no year moving the other way.
Is the decline slowing?
Not clearly. The annual falls are about 1.8%, then 11.6%, then 10.2%. The most recent drop is slightly smaller than the one before, but 2026 rests on eight sales, so the pace is uncertain.
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 7.4%, price per square foot down 22.0%. That points to a real decline in price per foot rather than a change in which homes sold.
How reliable is the 22.0% figure?
The direction is reliable; the exact number is approximate. The last two years rest on seven and eight qualified sales, against 16 and 17 in the two before. Across the full period there are 48 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?
$1,600,000, recorded on 8 July 2026 for a 1,940 sq ft home ($825 per square foot). The previous record, $1,350,000 in May 2014, stood for twelve years, including through 2021 to 2022 when much of the Miami market set new highs. The top 2026 assessed value is $1,211,186.
What does the price record at The Mark on Brickell show for owners?
Median price per square foot has fallen in each of the four years ($657, $645, $570, $512), and volume dropped from 16 and 17 sales a year to seven and eight. The other side of the record is space: homes of 730 to 2,230 square feet, more than seven in ten with two or more bedrooms, at a 2026 median of $512 per square foot.
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.
Thinking about The Mark on Brickell?
I have sold South Florida property since 2002, more than $1 billion of it. Ask me for the recorded declaration, what has genuinely closed, or a straight answer on whether this building fits what you are after.
Josh Stein · Florida real estate sales associate, license SL3057661 · (305) 695-8257 · hello@joshsteinrealtor.comGet this building’s next recorded sale — before the listing sites catch up
- Every closed sale we can verify from the Miami-Dade record — price, date, and $/sqft when the deed supports it — not an IDX feed.
- Optional alert when a new deed posts in this building (or a short list of comps you choose).
- No spam inventory blasts. One building. One record. You decide what happens next.
Tell Josh which building. He’ll send the latest closed sales and set a quiet alert.
Get the sales recordRelated coverage
Part of Miami Luxury Condos.