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1880 Brickell Avenue

Andrew Rasken And Colette Residences Sell Condo At 1880 Brickell Ave For $15M
SOLDCondo

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

Fredrik Eklund

Douglas Elliman

Broker

$771.5M

vol

27 deals

Broker
Andrew Rasken

Andrew Rasken

Seller

$71.5M

vol

4 deals

Seller
META Development
META DevelopmentSeller

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