540 Brickell Key Dr · Miami, FL 33131 · Brickell

Brickell Key Two

18-story tower, completed 1991, 390 residences in Brickell. 14 for sale and 8 for rent on Nov 2, 2026.

Tell me your unit and I'll prepare its value myself, from Brickell Key Two's closed sales and what is listed now. Then we talk it through.

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When a unit at Brickell Key Two lists or sells, I'll let you know. I send these myself, not a robot.

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At a glance Brickell Key Two (540 Brickell Key Dr, Brickell) is an 18-story, 390-unit building completed in 1991. As of Nov 2, 2026, 14 units are for sale and 8 are for rent; the median closed price was $502 per square foot over 14 sales in the last 12 months. FEMA flood zone AE. Source: Miami Assoc. of REALTORS® MLS via Bridge IDX, Miami-Dade Property Appraiser records and the FEMA flood map.

6 photos from my condo archive

For sale
14
For rent
8
Median $/SF
$50214 sales · 12 mo
Sold
14last 12 months
Built
1991
Floors
18
Residences
390county
Flood zone
AEFEMA
Owner-occupied
53%
Avg. unit
843sq ft

MLS via Bridge IDX · as of Nov 2, 2026 · How these numbers are made

On the market at Brickell Key Two.

The weekly MLS snapshot, newest asks first. Each unit opens its full listing: photos, taxes, history. Or check the live feed for today's inventory.

Snapshot as of Nov 2, 2026.

For sale 14 listings · Nov 2, 2026

Unit 1820$1,475,000$952/SF3 bd · 2 ba · 1,550 sflisted today · $2,198/mo HOA · listed by BHHS EWM RealtyFull listing →Unit 1513$1,100,000$705/SF3 bd · 2 ba · 1,560 sf60 days listed · $2,136/mo HOA · listed by Cervera Real Estate IncFull listing →Unit 1801$699,900$686/SF2 bd · 2 ba · 1,020 sf39 days listed · $1,416/mo HOA · listed by Cervera Real Estate Inc.Full listing →Unit 505$650,000$546/SF2 bd · 2 ba · 1,190 sf194 days listed · $1,553/mo HOA · listed by Cervera Real Estate IncFull listing →Unit 919$650,000$631/SF2 bd · 2 ba · 1,030 sf1 day listed · $1,642/mo HOA · listed by Fortune Christie's Intl R.E.Full listing →Unit 1511$595,000$626/SF2 bd · 2 ba · 950 sf76 days listed · $2,044/mo HOA · listed by Cervera Real Estate Inc.Full listing →Unit 603$450,000$750/SF1 bd · 1.5 ba · 600 sf255 days listed · $750/mo HOA · listed by Luft RealtyFull listing →Unit 1524$399,000$623/SF1 bd · 1.5 ba · 640 sf435 days listed · $828/mo HOA · listed by Valcorp GroupFull listing →Unit 1214$389,000$598/SF1 bd · 1 ba · 650 sf29 days listed · $920/mo HOA · listed by Gulfstream Investments CorpFull listing →Unit 1116$389,000$540/SF1 bd · 1.5 ba · 720 sf80 days listed · $821/mo HOA · listed by Epic Choice RealtyFull listing →Unit 409$340,000$630/SF0 bd · 1 ba · 540 sf236 days listed · $600/mo HOA · listed by BHHS EWM RealtyFull listing →Unit 202$320,000$416/SF1 bd · 1.5 ba · 770 sf229 days listed · $1,155/mo HOA · listed by Envirotek RealtyFull listing →Unit 928$315,500$853/SF0 bd · 1 ba · 370 sf1 day listed · $615/mo HOA · listed by Luxe PropertiesFull listing →Unit 308$312,000$520/SF1 bd · 1.5 ba · 600 sf98 days listed · $936/mo HOA · listed by Prestige Realty Group, LLCFull listing →

Under contract 6

  • Unit 832$950,000 · 2 bd
  • Unit 1505$329,000 · 1 bd
  • Unit 1101$3,200/mo · 1 bd
  • Unit 926$2,750/mo · 1 bd
  • Unit 809$2,700/mo · 0 bd
  • Unit 902$2,700/mo · 1 bd

Listings matched to this building's recorded addresses. I don't have to be the listing agent to show you any unit or to negotiate for you. Search condos in 33131

Brickell Key Two, floor by floor.

Every unit the MLS has recorded here, placed by its unit number: floors up, lines across, each column as wide as the units in it. Amber is for sale today (a unit listed both for sale and for rent is amber). Hover or tap a unit to read its record.

223 units seen · MLS via Bridge IDX · as of Nov 2, 2026
  • For sale 14
  • Under contract 6
  • For rent 6
  • Sold or leased, last 12 months 60
  • Seen in the MLS before that 137
  • No MLS record seen 286
00020406081012131416182022242627283218215105000306081113151719212325273018215105Floor 1: no unit seen in the MLSFloor 1: no unit seen in the MLS

Tap a unit to read its record here. Amber and white units open their listing page.

Units seen223of 390 residences on record
Floors with units16floors 2 to 18
Lines31stacks of units, by number

Closed $/SF by height sales in the 24 months to Nov 2, 2026

Upper floorsfloors 15 to 18$592/SF · 11 sales
Middle floorsfloors 8 to 14$536/SF · 9 sales
Lower floorsfloors 2 to 7$463/SF · 10 sales

Closed $/SF figures use the 30 recorded sales of these units in the 24 months to Nov 2, 2026; a median needs three. Floor, line and size are the record's. Views and orientation are not in it and are not shown.

Line 06 closed highest per square foot: a median $508/SF over 3 sales in 24 months. The largest typical unit is line 27, a median 1,200 sf over 6 units seen, recorded with 2 bedrooms.

The lines what the MLS record holds for each stack of units
LineUnits seenTypical sizeBedsOn the marketClosed $/SF · 24 mo
Line 009700 sf1–1 sale, too few
Line 0110700 sf121 sale, too few
Line 0210700 sf121 sale, too few
Line 039600 sf121 sale, too few
Line 048790 sf1–1 sale, too few
Line 059700 sf131 sale, too few
Line 0671,060 sf2–$508 3 sales
Line 077470 sfStudio–1 sale, too few
Line 084950 sf11–
Line 096470 sfStudio21 sale, too few
Line 103700 sf1–2 sales, too few
Line 118950 sf211 sale, too few
Line 125650 sf1––
Line 1381,153 sf312 sales, too few
Line 148650 sf122 sales, too few
Line 1561,015 sf2–2 sales, too few
Line 1611720 sf121 sale, too few
Line 179690 sf1–1 sale, too few
Line 189700 sf1––
Line 1971,030 sf211 sale, too few
Line 209640 sf11–
Line 2191,030 sf2–2 sales, too few
Line 2212700 sf1––
Line 2361,030 sf2––
Line 248640 sf121 sale, too few
Line 253640 sf1––
Line 267700 sf12–
Line 2761,200 sf2––
Line 285700 sf112 sales, too few
Line 302370 sfStudio–2 sales, too few
Line 3231,200 sf21–

How this is drawn: a unit's floor and line come from its MLS unit number alone (5614 is floor 56, line 14). A cell exists only where the MLS has recorded a listing, a closing or a lease; a blank means no record was seen, not that no unit exists. Column widths follow each line's median recorded living area. Pre-construction towers and buildings with a thin record have no drawing.

Floor and line from the MLS unit number; a blank cell means no record was seen. How these numbers are made

The read on Brickell Key Two.

Activity as of Nov 2, 2026
  • Resale +41%. The median closed price moved from $362/SF in 2020 (16 sales) to $512/SF in 2026 (13 sales), the first and last years with three or more recorded sales.
  • Gross rental yield 9.2%. A year of rent at the median $3.86/SF/mo (51 leases) against the median $502/SF sale (14 sales), both over 12 months, before HOA, taxes and vacancy.
  • Asks run +25% against closings. Sellers ask a median $628/SF (14 listings) against $502/SF closed (14 sales, 12 months). That gap is negotiation room. Bring the comps.
  • Sells in a median 109 days. Days on market across the 14 sales closed in the last 12 months.
  • A renters' building. Leases outnumbered sales 4 to 1 over the last 12 months (51 leases, 14 sales), at a median $2,650 a month.

Where it ranks citywide, condo buildings in 17 Miami neighborhoods

  • #78 of 384 · highest gross rent yield9.22% gross rent yield, before HOA, taxes and vacancy · n 80 · Oct 2024 to Sep 2026

See the full rankings · How rankings are made

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

The numbers at Brickell Key Two.

Every sale and lease the MLS has recorded at this address, sales first.

MLS via Bridge IDX · as of Nov 2, 2026

Median $/SF by year closed

Every recorded sale at this address, 2019 to 2026. Count in the tooltip.

$292$583$3832019$3622020$4002021$5262022$5832023$5682024$5772025$5122026$292$583$383'19'20$400'21'22$583'23'24'25$512'26

Pale bars: fewer than three sales that year, so the bar is the sale itself or the average of two, too few for a median.

Year by year, every recorded closing
YearSalesMedian $/SFLeasesMedian rent
2026 (to date)13$51242$2,650/mo
202515$57745$2,800/mo
202414$56844$2,750/mo
202313$58351$2,800/mo
202224$52623$2,850/mo
202132$40049$2,350/mo
202016$36244$1,735/mo
20191$383*3$1,700/mo

* Fewer than three closings that year: the figure is the closing itself or the average of two, too few for a median.

Closed $/SF by unit size

Median $/SF of the sales in the 12 months to Nov 2, 2026, with the count beside each bar.

1 bedroom$481/SF · 10 sales
2 bedrooms$550/SF · 4 sales

Medians need three or more sales. How these numbers are made

Own here? See how the building moved since you bought.

Median closed $/SF in 2020: $362 (16 sales). In the last 12 months: $502 (14 sales). Change: +39%.

This is the building's movement, not your unit's value. Floor, view, line and condition move a unit's price more than the building does. Only years with three or more recorded sales are listed.

Get your unit's value →
Show all closings 128 sales · 301 leases on record since 2019

Closed sales Nov 2, 2024 to Nov 2, 2026 · 30

UnitBDBASFAskedClosed$/SFClose dateDOM
1519221,030$660,000$625,000$607Sep 15, 20264
41411.5640$295,000$281,500$440Aug 3, 2026108
21011.5600$285,000$240,000$400Jun 18, 2026326
171111.5590$371,000$371,000$629May 29, 202640
70511.5700$349,000$345,000$493May 26, 202680
160311.5600$339,000$307,000$512Apr 24, 2026254
1006221,060$670,000$590,000$557Mar 20, 202616
160211.5700$385,000$377,500$539Feb 25, 2026110
72811.5700$370,000$338,000$483Feb 23, 2026361
181311.5690$389,900$330,000$478Feb 20, 202679
815221,200$649,000$620,000$517Jan 30, 2026134
170611.5800$345,000$300,000$375Jan 30, 202662
1021221,030$595,000$560,000$544Jan 22, 2026268
31011.5700$290,000$310,000$443Nov 10, 2025206
31611.5640$270,000$190,000$297Oct 30, 202543
40701400$310,000$279,000$698Oct 29, 2025128
180911.5590$374,000$356,600$604Oct 20, 20256
73001370$249,000$231,000$624Oct 10, 202557
83001370$275,000$275,000$743Sep 25, 2025241
90411.5790$379,000$365,000$462Sep 22, 2025119
1817221,030$655,000$610,000$592Jul 31, 202533
100111.5700$395,000$375,000$536Jun 9, 2025200
90011.5700$360,000$345,000$493May 16, 2025197
906221,060$525,000$538,000$508Apr 15, 202532
721221,030$685,000$630,000$612Apr 2, 202542
1413331,560$1,020,000$900,000$577Mar 5, 202571
215221,000$400,000$392,000$392Feb 18, 202555
181411.5720$399,999$440,000$611Jan 17, 202517
162411.5640$369,900$365,000$570Nov 27, 2024134
1528221,200$1,290,000$1,100,000$917Nov 7, 202442

Leases signed Nov 2, 2025 to Nov 2, 2026 · 51

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
72611.5640$2,850/mo$2,750/mo$4.30Oct 15, 202643
21811.5640$2,400/mo$2,450/mo$3.83Oct 1, 2026139
20211.5770$2,600/mo$2,500/mo$3.25Sep 25, 2026187
142211.5700$3,100/mo$3,100/mo$4.43Sep 23, 202617
102211.5700$3,000/mo$3,000/mo$4.29Sep 18, 202616
141411650$2,700/mo$2,550/mo$3.92Sep 11, 202648
102411.5640$2,900/mo$2,900/mo$4.53Sep 7, 202630
41611.5700$2,600/mo$2,600/mo$3.71Sep 1, 2026138
141811.5700$2,800/mo$2,650/mo$3.79Aug 27, 202657
112211.5700$2,600/mo$2,525/mo$3.61Aug 20, 202669
PH181211650$3,000/mo$2,950/mo$4.54Aug 20, 202687
1513331,560$6,200/mo$5,900/mo$3.78Aug 15, 202661
102511.5640$2,900/mo$2,825/mo$4.41Aug 10, 202653
91301360$2,200/mo$2,100/mo$5.83Aug 1, 202654
102011.5640$2,800/mo$2,800/mo$4.38Jul 15, 202643

The 15 most recent of 51.

Data: Miami Assoc. of REALTORS® MLS via Bridge IDX, as of Nov 2, 2026. Listings matched to this building's recorded addresses; pending includes under-contract. Closed listings shown as records only, no photos. Blanks mean the record doesn't state it. How these numbers are made

The file on Brickell Key Two.

The rules on record, the documents in my files, the two Florida checks every buyer should run, and the buildings around it. Each card opens.

Rules

What Brickell Key Two allows

Short-term / Airbnb
Not allowed
Minimum lease
12 months
Leases per year
1
1 more
Parking
Guest parking is valet only. Residents may rent additional spaces from the Association for (3) or twelve (12) month terms.

Rules change: I confirm the current bylaws and application requirements before you write an offer or sign a lease.

FEMA flood zone

AE

Inside FEMA's Special Flood Hazard Area. A federally backed mortgage requires flood insurance here.

What the zone means
  • The 1% annual chance ("100-year") flood area, with a base flood elevation set.
  • Base flood elevation 12 ft (NGVD29).
  • The zone is a map line, not a premium. Ask the association for its master flood policy, and get a flood quote for the specific unit before you commit.

FEMA National Flood Hazard Layer, checked at the building's mapped location on Oct 12, 2026. Open the official map ↗

Milestone structural inspection

Turned 30 in 2021

The statute's first deadline for a building this age was December 31, 2024, then every 10 years.

What the deadline means
  • Based on year built 1991 (county record). The statute counts from the certificate of occupancy date, which can differ.
  • The association must give every owner the inspector's summary. Ask for it, and for the structural integrity reserve study, before you commit.

Fla. Stat. § 553.899(3) ↗ and Miami-Dade recertification ↗, read Oct 9, 2026. What the deadline means for buyers

Nearby

Around Brickell Key Two

5 more nearby

Compare with the two nearest →Every Brickell building →Distances are straight-line. Building data from Miami Assoc. of REALTORS® MLS records via Bridge IDX.

Own here, or looking here

Owners: tell me your unit and I'll prepare its value myself. Buyers and renters: I'll tell you when a unit here lists or sells. Either way it starts a conversation with me, not a mailing list.

Own here?

Get your unit's value

Tell me your unit and I'll prepare its value myself, from Brickell Key Two's closed sales and what is listed now. Then we talk it through.

Phone or email. One is enough.

Thinking about

Goes to Enrique only. No mailing list.

Looking here?

Get alerts when a unit lists or sells

When a unit at Brickell Key Two lists or sells, I'll let you know. I send these myself, not a robot.

Phone or email. One is enough.

Alerts for

Goes to Enrique only. No mailing list.

Enrique Ponte Ojeda on a balcony overlooking the water in Miami
I read the building before you buy or sell a unit in it.Closed history, the association's rules, what is really for sale and what it should trade at. Then we talk.
Enrique Ponte Ojeda
Licensed Florida Real Estate Agent · Carmona Realty Group