Brickell Key One

About Brickell Key One

Brickell Key One was the first condominium tower built on Brickell Key, completed in 1982 by Swire Properties and designed by J. Scott Architecture. The 22-story building holds 301 residences, ranging from studios to five-bedroom layouts, plus 15 commercial units (316 in total), with floor plans between roughly 447 and 4,076 square feet.

The building's position on the western side of the island gives most units views across Biscayne Bay toward the Brickell skyline, with east-facing residences looking toward the Port of Miami. Because the building is more than four decades old, individual units vary considerably in condition — many have been fully renovated, and buyers should expect a wide range of finish quality across the inventory. That variability is part of why Brickell Key One typically trades at a lower price per square foot than the island's newer towers, making it one of the more accessible entry points to Brickell Key.

Amenities

What Carlos Says

Brickell Key One is the most accessible door into Brickell Key, and for the right buyer — someone focused on value, yield, or simply the island address at the lowest cost — it’s worth evaluating. But this is a 40+ year old building, which means Florida Milestone Inspection compliance is mandatory and the reserve fund requires thorough scrutiny.

We see Brickell Key One as an investor play rather than a primary-residence purchase for most buyers we work with. The finishes and building systems are older, and there’s a meaningful difference in day-to-day experience compared to Carbonell or Asia. If you’re buying to hold and rent, the math can work — we’ll help you run it.

One quirk of this being an older-vintage declaration: the Association holds a formal right of first refusal on any sale or lease. Before you can close with an outside buyer or tenant, the Board has a short window to elect to buy or lease the unit itself on the same terms. It’s a real step in the closing timeline — worth flagging to your title company early so it doesn’t catch anyone off guard.

Building Fees & Assessments

Per the association’s 2026 proposed budget, maintenance runs roughly $647 to $5,778 per month ($1,941 to $17,335 per quarter, which is how it is billed), depending on unit type, and includes reserve contributions. Garage, cabana, and commercial-unit charges are billed separately and are not in this range. Essential: request the most recent financial statements, reserve study, and Florida Milestone Inspection documentation. Given the building’s age, these are non-negotiable due diligence items.

Rental Potential

Strong rental demand at this price point. Long-term rentals are allowed. The Declaration sets a 60-day minimum lease and we found no limit on the number of rentals per year, but every lease needs the Association’s prior written approval and owners may be required to fund a damage escrow; rentals under 60 days are not permitted. Confirm the current rules with the association before buying to rent. Association dues include water, sewer, and trash. Pets are allowed for owners only — one dog or cat per unit, up to 15 lbs at maturity, subject to Board approval; tenants may not keep pets. Low price-to-rent ratio can produce solid cap rates if the building financials are sound. We found no waiting period after purchase in the documents on file.

Frequently Asked Questions about Brickell Key One