Marquis continues to be an attractive choice for cash buyers looking to purchase in Downtown Miami. Unit #2401 at Marquis, a 3 bed 2.5 bath with 2106 sqft, was part of the 01 line of the building. Listed at $1,445,000 by Barclay’s Real Estate Group, It showed as a closed sale a few days ago at a final price of $1,330,000 or $630/sqft. Featuring 180 degree ocean and city views as well as its open floor plans, it provides an all in one package for buyers looking for location, luxury and value. With rentals ranging close to $6000 and its close proximity to major entertainment venues across Downtown, it is also appealing to owners looking for an investment property. You can learn more about Marquis and its amenities by reading our featured story on the development here.
Originally listed at $1,545,000 in August of last year, this unit marks the second sale so far in Marquis since January 1st, 2016 and one of 5 other deals in the zip code of 33132 that sold for over a million dollars. With 203 days on the market prior to closing, the unit remains consistent with local area trends, which currently depict strong selling prices but slow activity amid increased competition and higher levels of inventory. Based on the finishes of the unit, which has most of the original developer finishes, we don’t expect that much needed to be done on the unit. You can see some of the pictures below
With the ME Hotel Miami expected to open in Marquis this spring and increased area interest with new development, we expect more sales to come in the next few months.
If you would like to buy or sell real estate in Downtown Miami contact us today at 305-305-3885 or send us a message here ! We specialize in the Downtown Miami market and our knowledge in the area has already helped dozens of others achieve their real estate goals!