Read the full record 4 paragraphs and 16 facts, every figure from the MLS and county record
Completed in 1991, Brickell Key Two stands 18 stories at 540 Brickell Key Dr in Brickell. The Miami-Dade Property Appraiser lists 390 residential units plus two commercial units, averaging 843 SF of living area. It was developed by Swire Properties. The condo archive records it as waterfront (bay). MLS and county records use the legal name Brickell Key II Condo.
On November 2, 2026, 14 units were listed for sale, asking $312K to $1.5M (median ask $628/SF across 14 listings). Two more were under contract. 14 sales closed between November 2, 2025 and November 2, 2026, from $240K to $625K, a median $502/SF, after a median 109 days on the market. In the 12 months before that, 16 sales closed at a median $585/SF, so the median fell 14%. The MLS holds 128 closed sales here going back to 2019; among years with three or more sales, 2023 set the high at a median $583/SF. That 12-month median ranks 47th of the 66 Brickell buildings with at least three sales in the same window. One-bedrooms made up 17 of the 30 sales in the last 24 months, at a median $345,000.
Eight units were offered for rent at $2,799 to $3,550 a month. 51 leases were signed over the same 12 months, at a median $2,650 a month (range $1,900 to $5,900). Leases outnumbered sales 4 to 1 over that year, so renters are a large share of who lives here.
About 53% of the residences are owner-occupied according to county records. Association rules on file: no short-term rentals; minimum lease 12 months; up to one lease a year. I have four of its association documents on file, including the Rules & Regulations and the Lease Application.
Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records and my condo archive. Blanks mean the record doesn't state it; nothing here is estimated.
The record
- Address
- 540 Brickell Key Dr, Miami 33131
- Neighborhood
- Brickell
- Developer
- Swire Properties
- Front desk / mgmt
- (305) 381-7777
- Year built
- 1991
- Floors
- 18
- Residences (county-verified)
- 390
- Commercial units
- 2
- Owner-occupied
- 53% of residences
- Avg. unit size
- 843 sq ft
- Total living area
- 328,680 sq ft
- County condo folios
- 392
- Waterfront
- Yes / Bay
- Recorded MLS listings
- 475
- Recorded as
- Brickell Key II Condo
- Also recorded as
- 540 Key Dr