St. Louis

About St. Louis

St. Louis was completed in 1995 by Swire Properties and designed by J. Scott Architecture, rising 31 floors on the southeastern side of Brickell Key, adjacent to the Mandarin Oriental site. The building contains 134 residences in one- through four-bedroom layouts, with floor plans between roughly 960 and 1,960 square feet — primarily two-bedroom split plans, with some combined units and penthouses.

St. Louis offers waterfront views of Biscayne Bay and downtown Miami from a vaulted marble lobby with a staffed front desk. For buyers focused on entering the island at a more accessible cost, or investors looking at price-per-SF, St. Louis warrants attention alongside Brickell Key One and Brickell Key Two.

Amenities

What Carlos Says

Update (April 2026): According to The Real Deal, Related Group and Terra are reportedly in talks with St. Louis owners about a bulk buyout of the building — the first deal of its kind on Brickell Key since the island was developed. Reported terms would exceed $1 million per unit, with one source citing figures closer to $1.5 million per unit, or roughly $200 million for the building overall. A group representing close to 80% of owners — the threshold the building’s condo declaration requires to terminate the association — is reportedly negotiating with the developers.

Nothing has closed, both firms declined to comment, and a deal isn’t expected to close before 2027 if it happens at all. We’re following this closely and will keep this page updated — reach out for the latest before making any decision based on it.

St. Louis requires more due diligence than the newer buildings. At 30+ years old, Florida’s Milestone Inspection requirements apply, and the reserve fund health is a critical item to verify. We would not advise making an offer here without a thorough review of the building’s financials and inspection compliance.

That said, if the numbers check out, St. Louis can be a smart value play — particularly for buyers who want the Brickell Key address, a modest price point, and don’t require the latest finishes or tallest building. Its proximity to the Mandarin Oriental site is also worth factoring into any long-term view.

One quirk of this building: the association holds a right of first refusal on sales and leases — it can elect to buy or lease a unit itself, on the same terms as any bona fide outside offer, within a 20-day window, closing in 45 days. To exercise it, the association needs a majority vote of owners present at a quorum meeting; if it declines, the owner has 60 days to accept the outside offer, and transfers to close family, gifts and inheritances, and foreclosing lenders are exempt. It’s a real step in the closing timeline worth flagging to your title company in advance.

Building Fees & Assessments

At this building’s age, due diligence on reserves, special assessments, and Milestone Inspection compliance is essential. Request all available documentation before making any offer.

Rental Potential

Long-term rentals allowed, with Board approval, a six-month minimum lease, and no more than one lease per 365-day period. Pets are only permitted for owner-occupants — one dog and one cat, or up to two cats, each no more than 25 lbs fully grown; tenants and guests may not keep or bring any animal. Lower price point supports reasonable yield potential. Verify short-term rental rules and current market rents with current MLS data. We found no waiting period after purchase in the documents on file.

Frequently Asked Questions about St. Louis