Brickell Key Two

About Brickell Key Two

Brickell Key Two was completed in 1991, following its sister building Brickell Key One, developed by Swire Properties and designed by J. Scott Architecture. Rising 18 stories with 395 residences ranging from studios to five-bedroom layouts, it is among the largest buildings on the island by unit count and offers some of the most accessible price points on Brickell Key.

The building's long-standing owner community and established management make it a stable, if older, option for buyers and investors focused on value. Residences face Biscayne Bay and the Brickell skyline, and residents have full access to the island's shared amenities alongside the building's own pool, tennis court, and fitness center.

Amenities

What Carlos Says

The same analysis applies to Brickell Key Two as Brickell Key One: the building is mid-30s in age, and due diligence on the reserve fund, special assessments, and Milestone Inspection compliance is non-negotiable before making any offer. We would walk you through every financial document before you commit.

For investors who have done the diligence and want one of the lowest price-per-SF options on Brickell Key, Brickell Key Two can produce competitive rental yields. For buyers looking at it as a primary residence, the honest comparison to newer buildings matters — the gap in finish quality and building systems is real.

One quirk worth knowing: the association holds a right of first refusal on unit sales and leases. When an owner has an offer to buy or lease, the Association has 48 hours to elect to lease and 20 days to elect to buy on the same terms, with closing 45 days after it elects; if it passes, the owner may accept the outside offer for 60 days. Exercising it takes a majority vote of the voting interests present at a quorum meeting. Your title company should know about it in advance.

Building Fees & Assessments

Monthly maintenance ranges from approximately $508 to $2,227 depending on unit type, per the 2026 approved budget. Request all financial documents, reserve study, and Florida Milestone Inspection compliance records before making any offer.

Rental Potential

Long-term rentals allowed with association approval, a one-year minimum lease, max one lease per year, and a security deposit up to one month’s rent. New owners may not lease for one year after taking title (2019 amendment, which applies to anyone buying today). If you buy a unit with a tenant already in place, that tenant may stay until the lease ends, after which the one-year wait begins; lenders taking title through foreclosure are exempt. Pets are allowed for owners only, and tenants may not keep dogs or cats. Under the association’s 2012 pet rules amendment, each unit may keep up to two household pets (dogs or cats), with Board approval and a signed pet permission agreement. The original Declaration was stricter (one dog and one cat or two cats, each no more than 20 lbs fully grown), and the 2012 amendment does not repeat the weight limit, so confirm with the association whether it is enforced. Tenants must carry their own liability and casualty insurance. Demand is consistent given the price point. Verify short-term rental rules with the association. Cap rate potential is among the highest on the island if financials are sound, though buy-to-rent investors should factor in the one-year wait.

Frequently Asked Questions about Brickell Key Two