# Casa Bella Residences by B&B Italia condos: resale prices

> Source: https://bluebaybrokers.com/buildings/casa-bella
> Publisher: BlueBay Brokers LLC, 1541 Brickell Ave #1201, Miami FL 33129 (Florida broker BK3411036)
> Figures read on: 2026-10-10
> Plain-text copy of the page above for AI assistants and readers. Quote with attribution to BlueBay Brokers; each figure carries its own source and read date. Nothing here certifies that a short-term rental is legal at any address.

## The bet

Casa Bella is a 319-residence tower at 1400 Biscayne Boulevard by Related Group and Alta, delivered this month and 95 percent sold, and the number that decides it is $877: what 33132 condominiums delivered since 2023 resold at per foot this year, against a median $1,249 asked by the 43 Casa Bella owners listed today. The trade is now a resale, and the right price sits much closer to the first number.

## Absorption and timing

How many homes close each year in this building's price band and postcode, against how many it is about to deliver. No brochure answers this, and it governs both the resale and the developer's willingness to discount.

Units delivering 319 all at once, to the same buyer pool

Closings per year 68 trailing 12 months, 33132, same band

Years of supply 4.7 this building alone

Band closes at $678/sf median of real closings, not asks

| Band, 33132 | Closed / 12 mo | Median price | Median $/sf |
|---|---|---|---|
| $900K – $2M | 55 | $1,175,000 | $678 |
| $2M and above | 13 | $2,950,000 | $1,103 |

**A just-delivered building, already crowded with sellers**

319 residences against 68 closings a year in their bands across 33132 is 4.7 years of supply, and 95 percent of the building has already been placed with buyers. What matters now is the resale flow: 43 residences, 13 percent of the tower, went on the MLS within weeks of the first closings, alongside 53 for lease. 33132 runs 25.8 months of supply. That is the most leverage a buyer will have in this building, and it is time-limited: the listings thin out once first owners either sell or lease.

## The market it lands in

Everything for sale in 33132 today against everything that actually sold there this past year. This is the pool your resale competes in.

Active inventory 852 homes listed across 33132

Sold, trailing year 397 recorded closings, every price

Months of supply 25.8 under 6 favours sellers, over 12 favours buyers

Asking vs sold $820/sf asked, against $548/sf actually paid

How to read the gap

Asking is an opinion, sold is a fact, and months of supply is your leverage. Do not compare this building to the postcode median, which mixes in stock built decades ago: the comparison that counts is the band below.

## What recent deliveries resell for

The only read-across that means anything here: condominiums in 33132 built from 2023 onward, people who bought new and took delivery, and what their units resell for now.

New stock resells at $877/sf median of 16 closings this year

Movement since -22.3% across recently delivered buildings

This building asks $1,357/sf entry residences

Entry vs new stock +55% below zero means you buy new under resale

| Year of resale | Closings | Median $/sf |
|---|---|---|
| 2024 | 8 | $1,128 |
| 2025 | 16 | $869 |
| 2026 | 16 | $877 |

Why a year can show no figure

Under 5 transactions a median is noise, so it is withheld. Recently delivered buildings are thin by nature, which is itself worth knowing before counting on a quick resale.

## The basis

What it asks per foot against what its band actually closes at. Comparing one preconstruction ask to another tells you nothing: both are price lists.

Asking

$1,357–$2,166/sf

95% sold · 43 resales on the MLS today, $965K to $9.63M on 711 – 4,109 sf · projected sellout $580M, about $1.8M a residence (The Real Deal)

Band closes at $678/sf $900K – $2M, trailing 12 months

Listed here today 43 median $1,249/sf

**Where it is asking, and where it can clear**

One-bedrooms ask $965,000 to $1.4 million on 711 to 1,595 sf, two-bedrooms $1.33 to $2.44 million, three-bedrooms $2.49 to $5.5 million, penthouses $7.9 to $9.63 million. The median ask is $1,249 a foot. In 33132 the $900,000 to $2 million band closed at $678 (mostly older stock), the $2 million-and-above band at $1,103, and condominiums built since 2023 at $877. A 2023 triplex penthouse contract set the district record at $2,138. Per-foot figures use MLS area, not yet checked against the County.

## On the MLS today

43 listings at this address are Active right now, pulled 2026-10-10, of which the 30 cheapest are shown. Leases are excluded: a monthly rent sitting in the price column wrecks any comparison. This is what a buyer can actually transact on today, as opposed to what a price list says.

| Unit | Bd/Ba | Interior | Asking | $/sf | HOA / mo | Days |
|---|---|---|---|---|---|---|
| [3007](https://bluebaybrokers.com/listing?mls=A12097240) | 1/1 | 711 sf | $965,000 | $1,357 | $750 | 0 |
| [2607](https://bluebaybrokers.com/listing?mls=A12064799) | 1/1 | 711 sf | $990,000 | $1,392 | $750 | 5 |
| [2207](https://bluebaybrokers.com/listing?mls=A12098078) | 1/1 | 1,022 sf | $1,150,000 | $1,125 | $786 | 0 |
| [609](https://bluebaybrokers.com/listing?mls=A12089929) | 1/2 | 1,190 sf | $1,199,000 | $1,008 | $1,379 | 6 |
| [209](https://bluebaybrokers.com/listing?mls=A12077694) | 1/2 | 1,208 sf | $1,199,000 | $993 | $1,379 | 41 |
| [1804](https://bluebaybrokers.com/listing?mls=A12099883) | 1/2 | 1,216 sf | $1,275,000 | $1,049 | $1,280 | 1 |
| [2304](https://bluebaybrokers.com/listing?mls=A12080685) | 1/2 | 1,216 sf | $1,293,000 | $1,063 | $1,280 | 28 |
| [3004](https://bluebaybrokers.com/listing?mls=A12068454) | 1/2 | 1,216 sf | $1,295,000 | $1,065 | $1,281 | 26 |
| [202](https://bluebaybrokers.com/listing?mls=A12073170) | 2/2 | 1,303 sf | $1,325,000 | $1,017 | — | 41 |
| [206](https://bluebaybrokers.com/listing?mls=A12093181) | 1/3 | 1,595 sf | $1,400,000 | $878 | — | 0 |
| [305](https://bluebaybrokers.com/listing?mls=A11678672) | 2/3 | 1,613 sf | $1,545,900 | $958 | — | 721 |
| [505](https://bluebaybrokers.com/listing?mls=A12078982) | 2/3 | 1,613 sf | $1,550,000 | $961 | $1,753 | 8 |
| [303](https://bluebaybrokers.com/listing?mls=A12093502) | 2/4 | 1,819 sf | $1,590,000 | $874 | — | 11 |
| [1205](https://bluebaybrokers.com/listing?mls=A12079039) | 2/3 | 1,613 sf | $1,650,000 | $1,023 | $1,753 | 8 |
| [503](https://bluebaybrokers.com/listing?mls=A12093504) | 2/3 | 1,819 sf | $1,675,000 | $921 | — | 2 |
| [1905](https://bluebaybrokers.com/listing?mls=A12071327) | 2/3 | — | $1,800,000 | — | — | 13 |
| [1605](https://bluebaybrokers.com/listing?mls=A12070378) | 2/3 | 1,613 sf | $1,895,000 | $1,175 | $1,754 | 36 |
| [2106](https://bluebaybrokers.com/listing?mls=A12077674) | 2/2 | 1,326 sf | $1,895,000 | $1,429 | $1,464 | 41 |
| [1403](https://bluebaybrokers.com/listing?mls=A12092827) | 2/3 | — | $1,930,000 | — | $1,946 | 8 |
| [1903](https://bluebaybrokers.com/listing?mls=A12072444) | 2/3 | 1,819 sf | $1,950,000 | $1,072 | — | 9 |
| [2003](https://bluebaybrokers.com/listing?mls=A12084192) | 2/3 | 1,819 sf | $1,960,000 | $1,078 | $1,349 | 4 |
| [3506](https://bluebaybrokers.com/listing?mls=A12070069) | 2/2 | 1,362 sf | $1,990,000 | $1,461 | — | 13 |
| [3005](https://bluebaybrokers.com/listing?mls=A12092942) | 2/3 | 1,613 sf | $1,990,000 | $1,234 | $1,754 | 19 |
| [2305](https://bluebaybrokers.com/listing?mls=A12076965) | 2/3 | 1,613 sf | $2,150,000 | $1,333 | $1,216 | 1 |
| [3003](https://bluebaybrokers.com/listing?mls=A12072883) | 2/3 | — | $2,195,000 | — | $1,947 | 17 |
| [1706](https://bluebaybrokers.com/listing?mls=A12075515) | 2/2 | 1,362 sf | $2,295,000 | $1,685 | $1,464 | 47 |
| [4203](https://bluebaybrokers.com/listing?mls=A12077436) | 2/3 | 1,819 sf | $2,300,000 | $1,264 | $1,500 | 2 |
| [2502](https://bluebaybrokers.com/listing?mls=A12094427) | 2/2 | — | $2,300,000 | — | $1,393 | 6 |
| [3502](https://bluebaybrokers.com/listing?mls=A12089030) | 2/2 | 1,285 sf | $2,350,000 | $1,829 | $1,900 | 23 |
| [4303](https://bluebaybrokers.com/listing?mls=A11509341) | 2/3 | 1,819 sf | $2,438,954 | $1,341 | — | 881 |

How to read this table

On new construction the MLS area is routinely the total rather than the interior, and it runs larger than the County's recorded figure, by 10 to 30 percent on the units already tested in this pipeline. Treat the $/sf column as the seller's own arithmetic and re-divide by the recorded area before comparing it with anything delivered.

## Photographs

The 24 photographs carried on MLS listing A12072498 at this address. On a building still under construction these are the developer's renders and the sales-gallery material, not the finished product.

**Photographs** © SEFMLS, displayed from the MLS under the same licence that permits display of the listing itself. Renders are the developer's own and are subject to change.

## Carry at delivery

What it costs to own before any income, on the smallest residence of 711 sf.

| HOA at $1.05/sf/month | −$8,959 |
|---|---|
| Property tax at 2.02% of $1,199,000 | −$24,220 |
| Insurance (HO-6), $3.60/sf | −$2,560 |
| Annual carry, before any income | −$35,738 |

**Nothing to carry, and the rent is already showing**

Delivered, so no deposit and no construction risk. Three leases have closed on the MLS: two one-bedrooms at $5,300 and $5,900 a month, a two-bedroom at $8,300. Against a $1,199,000 one-bedroom, $5,600 a month is 5.6 percent gross, before the association (about $1.05 a foot a month, $1,280 on 1,216 sf), tax and insurance. 53 units are listed for lease at once, so first-year rents are capped. The 30-day minimum is from a broker inventory sheet; read the recorded declaration.

## How it was built and sold

| Construction financing | $240M from Cain International, November 2023, arranged by Newmark. Paid off on completion in October 2026 (The Real Deal). |
|---|---|
| Presold | 95% at last disclosure |
| Delivery | Delivered. Topped off July 2025, closings began July 2026, completion announced October 2026 (The Real Deal, Florida YIMBY). Nothing left to build and no deposit to carry. |
| Developer | Related Group (the Pérez family) with Alta Developers. Related bought the 2.8-acre site in 2014 for $57.7M (Commercial Observer). B&B Italia furnishes it, Piero Lissoni designed the interiors. |
| Rental policy | Marketed as monthly rental, 30-day minimum (broker inventory sheet, read 17 September 2026) |

## Recommendation

BlueBay Brokers · Casa Bella Residences by B&B Italia

### Buy from the first-year sellers, not from the list

Finished, funded and sold: Related and Alta built it with Coastal, paid off the $240 million Cain loan, and placed 95 percent of the residences. No delivery risk remains.

Offer toward the $1,103 a foot that 33132's $2 million-and-above band closes at, not the $1,249 median ask. A one-bedroom near $1 million that leases at $5,600 a month is the cleanest position in the building.

## Want the rest of it?

I am Steve Gabison, a Florida broker, licence BK3411036. I wrote this page. New developments are Carolina Peña's desk at BlueBay Brokers, broker, licence BK3288753: she will send you what is behind it, in English or Spanish.

#### The full file

This page is the public read. The file adds the full closing record unit by unit, what resellers are asking against what they paid, the recorded rental language, and a rental underwriting on the specific line you are looking at. No charge.

#### On the purchase

You are buying a resale here, so the seller's side pays the co-broke and representation costs you nothing. I argue from the recorded closing prices above, including what the current owner actually paid and when.

#### Once you own it

This building is monthly, not nightly, so Property Management Brickell LLC would run it as mid-term. Different rate, different occupancy, and I will show you that pro forma rather than a nightly one.

## Read next

- [501 First Residences, Downtown, Delivered 2026](https://bluebaybrokers.com/buildings/501-first)
- [600 Miami Worldcenter, Downtown, Closings Q4 2026](https://bluebaybrokers.com/buildings/600-miami-worldcenter)
- [Gale Miami Hotel & Residences, Downtown, Delivered 2024](https://bluebaybrokers.com/buildings/gale-miami)
- [All the new-development studies](https://bluebaybrokers.com/new-developments)
- [Developer price vs resale on six delivered Miami condos](https://bluebaybrokers.com/developer-price-vs-resale-miami)
- [Buying preconstruction in Miami as a foreign buyer](https://bluebaybrokers.com/buy-preconstruction-miami-foreign-buyer)

## Sources

- [The Real Deal, Related Group, Alta complete Casa Bella tower, pay off $240M loan (Oct 2026)](https://therealdeal.com/miami/2026/10/05/related-group-alta-complete-casa-bella-miami-pay-off-loan/)
- [Florida YIMBY, Casa Bella Residences opens at 1400 Biscayne Boulevard (Oct 2026, 319 units)](https://floridayimby.com/2026/10/casa-bella-residences-opens-at-1400-biscayne-boulevard-in-downtown-miami.html)
- [Florida YIMBY, Casa Bella tops off at 56 stories (Jul 2025)](https://floridayimby.com/2025/07/casa-bella-residences-by-bb-italia-tops-off-at-56-stories-in-downtown-miami.html)
- [Commercial Observer, Related and Alta land $240M to build Casa Bella (Nov 2023)](https://commercialobserver.com/2023/11/related-group-alta-casa-bella-residences-by-bb-italia/)

**Method, licence and disclaimers**

**Absorption and closed prices** © 2026 Miami Association of Realtors / SEFMLS via Bridge Data Output, pulled 2026-10-10. Deemed reliable, not guaranteed.

**Developer data.** Unit counts, sizes, pricing and delivery dates are the developer's own and are not verified by BlueBay Brokers LLC, which does not represent the developers named here and receives no compensation from them.

**Not investment advice.** A scenario built from stated assumptions. Deposit carry uses simple interest and ignores tax. The recorded condominium documents govern every legal question raised here. Consult your own tax and legal advisers.

**Rental policy** as published by the developer and routinely amended before closing.