1408 Brickell Bay Dr # 518, Miami FL 33131, MIAMI, FL, 33131
Active121 days on marketListed Apr 17, 2026MLS #A12003239
About this home
1408 Brickell Bay Dr # 518, Miami FL 33131
Experience refined waterfront living in this exceptional 2-bedroom, 2-bathroom corner residence at the prestigious Brickell Bay Tower, ideally positioned in the heart of Brickell. Great for owner occupied or investors. Building has reserves. Elegantly remodeled, the unit showcases impact windows, sleek new flooring, a contemporary chef-inspired kitchen, and beautifully upgraded bathrooms with modern finishes. Custom-designed closet systems and generous storage solutions enhance both functionality and style. Residents of this exclusive gated community and free guest parking, enjoy resort-style amenities, including 24-hour security, concierge services, a waterfront pool, BBQ area, fitness center, and on-site management, ensuring a seamless and secure living experience. One assigned parking space is included, and the HOA covers water for added convenience. Located in one of Miami’s most vibrant and walkable neighborhoods, you are just moments from world-class dining, luxury shopping, and premier entertainment. This is a rare opportunity to own a turnkey waterfront residence in one of Brickell’s most sought-after buildings. 40 year certification completed
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,098
Sqft
1964
Year built
$500
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$5,618 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$5,618/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
−18%
$/sqft vs Miami actives
$500 vs $511
Days on market
121 vs 66 typical
Where $500/sqft sits among the 400 Miami actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Brickell
Get to know Miami. See the full Miami guide →
Brickell — neighborhood snapshot
Population
39,904
Median age
39
Median income
$135,855
Median home value
$630,635
Avg household
2
Households w/ children
2,904
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami market
$508K → $590K
Miami median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
36 of 400
Miami actives have cut their price
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 98% above the MIAMI 33131 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 1408 Brickell Bay Dr # 518
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$405,000
1408 Brickell Bay Dr # 807, Miami FL 33131 · same community
1 bd · 1 ba · 787 sqft · $515/sqft · 129 DOM
Sold · Oct ’25$315,000
1408 Brickell Bay Dr # 1104, Miami FL 33131 · same community
1 bd · 1 ba · 787 sqft · $400/sqft · 149 DOM
Sold · Dec ’25$449,000
2501 Brickell Ave # 1103, Miami FL 33129
2 bd · 2 ba · 1,100 sqft · $408/sqft · 16 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Jasmine Ince
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 1408 Brickell Bay Dr # 518 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1408 Brickell Bay Dr # 518 — before you fall in love.
See it in person
Schedule a tour
Live availability from Jasmine's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
1408 Brickell Bay Dr # 518 FAQs
What would the monthly payment be for 1408 Brickell Bay Dr # 518, Miami FL 33131?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $5,618/mo — principal and interest, the actual property-tax bill, the $1,235/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 1408 Brickell Bay Dr # 518, Miami FL 33131?+
The association fee works out to $1,235 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 1408 Brickell Bay Dr # 518, Miami FL 33131?+
The most recent tax bill on record (2025) was $8,974. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 1408 Brickell Bay Dr # 518, Miami FL 33131?+
The listing reports pets: Maximum 20 Lbs. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Miami?+
At $549,000, this home is listed about 10% below the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 1408 Brickell Bay Dr # 518, Miami FL 33131?+
Coral Way K-8 Center (elementary), Shenandoah Middle School (middle), District Instructional Center (Dic) (), Miami Senior High School (high), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$549,000 runs 98% above the MIAMI 33131 median.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Know the monthly fee
The association fee is $1,235/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04The price has already moved
Listed at $599,000, now $549,000 — a $50K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of Rafael Suarez Rlty, Inc. · Alidys Patty Suarez. MLS #A12003239.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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