Andrew Rasken And Colette Residences Sell Condo At 1880 Brickell Ave For $15M
1880 Brickell Avenue
$15,000,000
$1,661/SF
Building Size
9,029 SF
Asset Type
Condo
Closing
Jun 10, 2026
AI
This transaction involves the sale of two condominium units located at 1880 Brickell Avenue, specifically Units TH02 and TH04, in the Miami market. The residences have a total area of 9,029 square feet and were sold for $15,000,000, resulting in a price per square foot of approximately $1,661. An international buyer has acquired four residences, which will be combined into two custom duplex townhouses spanning two full floors of the building.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $15,000,000
- Sale Date: 06/11/2026
- Address: 1880 Brickell Avenue, Units TH02 & TH04
- Seller: Andrew Rasken, Colette Residences & META Development
- Seller's Representative: Fredrik Eklund & Wilson Chueire - Douglas Elliman Development Marketing
- Square Footage: 9,029
- Price per Square Foot: $1,661
This sale reflects a growing demand among luxury buyers for residences that offer increased privacy, flexibility, and personalization. The boutique development of Colette Residences appeals to discerning buyers who are looking for unique living spaces beyond the conventional condominium experience.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93