Rubens Barrichello Purchases Townhome At Colette Residences In Miami For $7.95M
1880 Brickell Avenue
$7,950,000
$1,844/SF
Building Size
4,311 SF
Asset Type
Condo
Closing
Jul 23, 2026
About this deal
AI
A condo located at 1880 Brickell Avenue, Miami, has been sold for $7,950,000. The residence encompasses 4,311 square feet, resulting in a price per square foot of $1,844. This property is part of Colette Residences, a boutique condominium project developed by META Development.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,950,000
- Buyer: Rubens Barrichello
- Seller: Andrew Rasken - META Development; Colette Residences
- Square Footage: 4,311 SF
- Price per Square Foot: $1,844
- Market: Miami
Rubens Barrichello, a notable figure from Formula One racing, has acquired this townhome as a strategic investment as well as a family residence. The seller, Andrew Rasken, represents META Development, which is noted for the creation of this boutique condominium project. The transaction follows a recent dual-townhome sale amounting to $15,000,000, reflecting the ongoing demand for luxury living in the area.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $8M for 4,311 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.00%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93