Key Takeaways
- 🔴 This building has no history before the crash — its record starts at the top — 382 of its sales closed in 2008, at a median $344 per square foot. There is nothing earlier. Everyone who bought new here bought at the peak, and the record shows what happened next.
- Nearly one resale in five sold at a loss — of 416 resales, 80 — 19.2% — sold for less than they cost. Split by when the seller bought: 22% of 2000s buyers, 15% of 2010s buyers, 8% of 2020s buyers.
- The recovery has been real, and it took a decade — median price per square foot ran $344 in 2008, fell through the 2010s, and reached $676 in 2024 — roughly double, sixteen years on.
- ⚠️ Median price and price per foot disagree right now, and that is a warning — across 2023–2026 the median price rises $640,000 to $670,000 while price per foot runs $620, $676, $610, $639. That is which homes sold, not what homes are worth. Do not read either line alone.
- Every home here is a one- or two-bedroom — 215 one-bedrooms, 220 two-bedrooms and four three-bedrooms, from 639 to 2,221 square feet, median 1,113. Unusually, the county records a bedroom count for all 439 homes.
- Almost nobody sells — turnover runs at one home in 31 per year — 57 sales across the last four years in a building of 439.
Most Brickell buildings with a long record show you a cycle. This one shows you the
consequences of a single moment. The Plaza 901 Brickell closed 382 homes in 2008
— and it has no recorded history before that at all. Its entire ownership record begins at the
top of the market, which makes it one of the clearest natural experiments in Miami: what happens to
people who bought new, at the peak, and held?
One practical note before the numbers. The building is marketed as 901 Brickell, but the
county’s site address of record is 951 Brickell Avenue. A property search on
901 will not find it.
What the county records at The Plaza 901 Brickell
The Miami-Dade County Property Appraiser records 440 folios in the declaration
THE PLAZA 901 BRICKELL CONDO, of which 439 are homes. There are no
commercial units in the declaration. Common-element shares close at 99.6547% once a
single roll error is set aside — unit 2406 is recorded as owning
“0264409%” of the common elements, a misplaced decimal point in the
county’s own data. We report it rather than quietly correcting it.
The homes run 639 to 2,221 square feet, median 1,113, and the mix is
215 one-bedrooms, 220 two-bedrooms and four three-bedrooms. Four floorplates carry
most of the building: 78 homes at 774 square feet, 78 at 1,289, 72 at 1,113 and 69 at 639.
Assessed values for 2026 run $134,336 to $1,082,499, median $420,714.
A record that begins at the top of the market
382 qualified sales closed in 2008 at a median $344 per square foot. Those are
the developer’s original closings, and they are the beginning of this building’s
existence on the public record. What followed:
- 2008 — $344 per square foot (382 sales)
- 2010 — $299, the low
- 2013 — $419
- 2016 — $415, but median price fell to $335,000
- 2019 — $421
- 2022 — $597
- 2024 — $676
Per square foot, the building has roughly doubled since its original closings
— but it took until about 2013 to get back above 2008, and until 2022 to move decisively past
it. That is the honest shape of buying new at a peak: not ruin, but a very long flat stretch.
The recent record:
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 15 | $640,000 | $620 |
| 2024 | 19 | $640,000 | $676 |
| 2025 | 15 | $660,000 | $610 |
| 2026 to date | 8 | $670,000 | $639 |
Who actually lost money. Of 416 resales on the county books,
80 — 19.2% — sold for less than they cost. Grouped by when the seller
bought: 22% of those who bought in the 2000s, 15% of 2010s buyers
and 8% of 2020s buyers. The median holding period is 6.0 years and
the median change +20%.
The extremes: the worst recorded outcome ran $1,203,560 in January 2009 to $740,000 in
June 2011 — −39% in 2.4 years, on a 2,221 square foot home. The best ran
$505,000 in March 2008 to $1,170,000 in August 2024, +132% over sixteen years
— an original buyer who simply waited.
Why price and price-per-foot disagree here
Look again at the four-year table, because the two columns tell different stories.
Median price rises every year — $640,000, $640,000, $660,000, $670,000. Median price
per square foot does not: $620, $676, $610, $639.
Both are correct. They disagree because in a building with a 639-to-2,221 square foot range and
only fifteen or twenty sales a year, which homes happen to sell moves the median more than
the market does. A year with more large two-bedrooms shows a higher median price and a
lower price per foot; a year weighted to 639 square foot one-bedrooms does the reverse.
This matters practically. If you are shown a rising median price for this building as evidence of
appreciation, ask which homes sold. On this record, neither column on its own supports a
claim about 2026 — eight sales is not a market, and the year is incomplete.
Who this building suits, and who it does not
This suits a buyer who wants a well-documented one- or two-bedroom on Brickell Avenue and who
values knowing the downside case precisely. It is on the record here in a way it is not for newer
buildings: 19.2% of resales lost money, the worst by 39%, and the recovery from 2008 took most of a
decade. That is a real number to price risk against rather than a projection.
It suits badly anyone who needs three bedrooms — there are four in the entire building
— or more than 2,221 square feet. It also suits badly a buyer who needs liquidity, at one home
in 31 per year.
To an owner considering selling: your comparable set is fifteen to twenty sales a
year across 439 homes, spread over floorplates that differ by a factor of three in size. Price
against the sales of your floorplate, not the building median — on this record the
building median moves for reasons that have nothing to do with your home.
Verified 25 August 2026 against the Miami-Dade County Property Appraiser record for
951 Brickell Avenue — 444 rows returned, 440 unique folios after duplicates were removed,
grouped by subdivision and filtered to residential homes. Common-element shares close at 99.6547%
once one roll error is set aside: unit 2406 is recorded at “0264409%”, a misplaced
decimal in the county’s data, which is reported rather than corrected. Sale figures are
qualified, arm’s-length transactions only, with bulk and portfolio transfers collapsed to a
single transaction, and with quit-claim deeds and rows the county itself describes as disqualified
excluded — one such row on this building was flagged qualified and would otherwise have
produced a false −87% resale six days after the original sale. 2026 is an incomplete year and
its eight 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 Plaza 901 Brickell — Frequently Asked Questions
How many units are in The Plaza 901 Brickell?
The Miami-Dade County Property Appraiser records 440 folios in THE PLAZA 901 BRICKELL CONDO declaration, of which 439 are homes — 215 one-bedrooms, 220 two-bedrooms and four three-bedrooms. ⚠️ The county’s site address is 951 Brickell Avenue, not 901; a search on 901 will not return the building.
When was The Plaza 901 Brickell first sold?
2008 — 382 qualified sales closed that year at a median $344 per square foot. The building has no recorded sales before that, so its entire ownership history begins at the top of the market.
Do people lose money at The Plaza 901 Brickell?
Some do, and more than at older Brickell buildings. Of 416 resales, 80 — 19.2% — sold at a loss: 22% of 2000s buyers, 15% of 2010s buyers and 8% of 2020s buyers. Median holding period 6.0 years, median change +20%. The worst recorded outcome was −39% between 2009 and 2011.
Has the building recovered from 2008?
Yes, per square foot — and it took a long time. The median ran $344 in 2008, bottomed at $299 in 2010, regained 2008 levels around 2013, and reached $676 in 2024. Roughly double the original closings, sixteen years on.
Why does the median price rise while price per square foot falls?
Because only fifteen to twenty homes sell here per year, across floorplates ranging from 639 to 2,221 square feet. Which homes sell moves the median more than the market does. Across 2023–2026 median price ran $640,000, $640,000, $660,000, $670,000 while price per foot ran $620, $676, $610, $639. Read them together or not at all.
What do homes at The Plaza 901 Brickell sell for?
Recent medians are $640,000 (2023), $640,000 (2024), $660,000 (2025) and $670,000 (2026 to date), at roughly $610 to $676 per square foot. ⚠️ 2026 rests on eight sales and the year is incomplete — not enough to establish a direction.
Sources and further reading
Related coverage
Part of Miami Luxury Condos.