540 Brickell Key Dr # 505, Miami FL 33131 | Miami-Dade County | A11960537

The list price for 540 Brickell Key Dr #505 is $650,000. While the MLS does not specify furnished status, fixtures and built-in appliances typically convey with the home—always confirm specifics during due diligence. The unit itself includes these standard elements, while residents enjoy shared amenities like a heated pool, tennis courts, a fitness center, and more through the HOA.

To verify what’s included or discuss this opportunity further, contact Christopher Lazaro, Miami Real Estate Professional, for personalized guidance.

540 Brickell Key Dr #505 is in Miami, FL 33131, positioned along the prestigious coastal corridor of Biscayne Bay. This prime location offers proximity to downtown Miami’s financial district, waterfront dining, and lush green spaces like Maurice A. Ferré Park. For precise insights on walkability, transit, or building amenities, connect with Christopher Lazaro, Miami Real Estate Professional, to verify details tailored to your lifestyle.

The monthly HOA fee for 540 Brickell Key Dr #505 is $1,553, which covers all amenities, sewer, trash removal, and water—exactly as outlined in the association records. This vibrant community adheres to Miami city ordinances, which you can review here for full transparency. For personalized clarity or to discuss how these fees align with your lifestyle, contact Christopher Lazaro, Miami Real Estate Professional, directly.

The recorded 2022 property tax for 540 Brickell Key Dr #505 is $6,903, but Florida reassesses upon sale. At the current $650,000 list price and Miami-Dade’s approximate 2.0% rate, we estimate annual taxes near $13,000 (≈ $1,083/month) without homestead. If this becomes your primary residence, Florida’s homestead exemption reduces the taxable value, lowering the estimate to roughly $12,000/yr (≈ $1,000/month). These are estimates only — consult the Miami-Dade Property Appraiser and your tax advisor for precise figures. For a tailored breakdown, contact Christopher Lazaro, Miami Real Estate Professional, who’ll ensure you’re fully informed.

540 Brickell Key Dr #505 is in a FEMA-designated flood zone, which means lenders may require flood insurance—a key factor to consider in coastal Miami. Flood zones indicate risk levels (like AE or VE for high-risk areas), and you can explore FEMA’s definitions or view the FEMA flood map for this address to assess specifics. For precise guidance on insurance costs and how this impacts your offer, connect with Christopher Lazaro, Miami Real Estate Professional, who’ll ensure you’re fully informed.

Pets are allowed, with restrictions (or possible restrictions) at 540 Brickell Key Dr #505 — we'll gladly pull the condo association's exact pet rules for this unit upon request. Note that documented service animals or emotional support animals fall under separate federal accommodation protections. For precise guidance tailored to your needs, contact Christopher Lazaro, Miami Real Estate Professional, to verify current policies before proceeding.

In Miami-Dade's current condo market, recent closings have averaged 94% of list price with properties spending roughly 64 days on market (MIAMI REALTORS®, May 2026). For 540 Brickell Key Dr #505 specifically, our comparative market analysis (CMA) accounts for its prime Brickell Key location, 3-bedroom layout, and $650,000 listing—we’d gladly walk you through those adjustments before drafting an offer. To discuss negotiation strategy with this building’s unique dynamics, reach out to Christopher Lazaro, Miami Real Estate Professional, for verified insights.

Before touring 540 Brickell Key Dr #505, I strongly recommend securing a pre-approval with a licensed Florida mortgage professional — this clarifies your budget and strengthens your position in Miami’s competitive market. At $650,000 for a 3-bedroom, this condo demands a clear financial roadmap. Reach out to Christopher Lazaro, Miami Real Estate Professional, to verify your readiness and discuss next steps.