One Twenty Brickell Residences and the Brickell Condo Resale Market

One Twenty Brickell Residences is a 34-story tower at 120 SW 8th Street with 240 residences, according to Property Markets Group's project page. The same page describes a first-of-its-kind concept in which each residence is paired with a dedicated office suite that includes private elevators, access to conference rooms and concierge assistant services. For an entrepreneur trying to keep work and home close without sharing a floor with either, that pairing explains much of the building's appeal.

The tower is not a blank slate for new buyers. REHUB Miami's 2026 guide notes that PMG announced on August 25, 2025 that the first phase had sold out, and that the developer put a second-phase tower, One Twenty Brickell Signature Residences, on the market in April 2026. In practical terms, anyone who wants a unit in the original tower is now looking at the resale channel, while anyone buying directly from the developer is looking at Signature.

That distinction shapes this guide. Resale at One Twenty Brickell Residences is a different decision from buying a typical existing Brickell condo, because the building is still being delivered. The listing-based sites in the research point to a 2028 delivery, but timing should be confirmed in your own documents before you rely on it.

Brickell's established luxury inventory is the natural benchmark. A Brickell-specific Q4 2025 report cited by Come Home to Luxury showed 17.0 months of absorption, 113 days on market, a median sale price of $660,000 and an average price per square foot of $657. The same article reported a median sales-to-original-list-price ratio of 93 in ZIP code 33131 and 59% cash sales there.

Figures from mid-2026 point the same direction. Gabriel Moyers' 2026 buyer's guide said that as of mid-2026 the broader Brickell median sale price was near $648,000, down about 6.5% from a year earlier, with a median near $620 per square foot. The Arango Group's 2026 guide, citing MLS data as of August 2026, described closed condo sales with a monthly median between $564,000 and $730,000.

These are neighborhood snapshots, not forecasts, and they blend studios with penthouses. Gabriel Moyers' guide itself advises using recent closed comparables in your target building rather than a neighborhood median. For a tower as specific as One Twenty Brickell Residences, that advice matters even more, since an office suite changes what a comparable actually is.

Ferreira Real Estate's Brickell guide frames the trade-off well: a new development may appeal to buyers focused on design, brand and future positioning, while a resale building may offer a different value equation and a deeper operating history. An older Brickell tower lets you inspect finished common areas, read years of association records and see how the building functions day to day.

One Twenty Brickell Residences offers a different set of attributes. According to PMG's project page, the amenity program totals 60,000 square feet and includes a sky bar and lounge overlooking the skyline and a wellness spa. Miami Residence's listing adds a resort-style pool, a double-height Sky Owner's Lounge with catering kitchen, an event and meeting space and a dog run. Design credits go to Sieger Suarez Architects and Cotofana Designs.

For a founder who wants a short commute, an on-site office removes a lease, a second address and a drive. An existing condo may offer larger layouts, a more established location or immediate occupancy, but a separate workspace usually means a second property in a second building. Weigh those trade-offs against your actual week rather than against brochure language.

The office is the feature most likely to confuse a comparison. Several marketing sites describe the offices as deeded, and Monsef Properties states that every unit includes a deeded office space. Because these are listing sites rather than recorded documents, treat that language as a prompt for verification. Confirm how the office is titled, whether it conveys with the residence and how it is described in the building's recorded documents.

Do not carry assumptions across phases either. The developer's Signature site describes two deeded properties per residence and lists a rental policy for that tower, yet REHUB Miami cautions that PMG's archived phase-one pages contain no rental terms and that Signature's positioning should not be assumed to apply to One Twenty Brickell Residences. If use of the unit matters to you, rely on the recorded declaration for the original tower.

Unit counts and sizes also differ by phase. PMG's page lists 240 residences across 34 stories for the original tower, while the Signature site lists 40 floors and 467 units. Keep the two products separate when reading marketing, and make sure any resale listing you review refers to the correct tower.

Supply is the strongest argument for patience. MIAMI REALTORS reported 14.1 months of Miami existing-condo supply in July 2025 and described a buyer's market in its August 2025 report, according to Ferreira Real Estate's guide. Come Home to Luxury's Q4 2025 data shows a similar picture for Brickell, and its authors note that a slower market rewards disciplined comparison rather than passive decision-making.

Listing-site pricing for One Twenty Brickell Residences dates from the sales period, and none of it should be read as a current resale value. Miami Residence listed prices of $750K to $1.6M, and Miami Residential cited an average of $1,400 per square foot. Without the date or a recorded closing, those figures are marketing references only, so ask for closed sales and the unit's specific appraisal context instead.

A resale seller at this tower also competes with new product nearby. REHUB Miami notes that blocks between SW 7th and SW 9th Streets hold other new towers, including LOFTY Brickell, House of Wellness Brickell and Smart Brickell II, and that Signature is planned on the same site. That concentration can affect construction traffic, retail demand and resale competition once buildings deliver, which is a reason to compare the unit against both finished and pipeline alternatives.

For existing Brickell buildings, Come Home to Luxury lists the key factors as association financial health, milestone inspection status, reserve funding, leaseability, monthly carrying costs, floor-plan utility and how the building competes with nearby inventory. Ferreira Real Estate similarly points to association records, financial condition and maintenance history. Apply the same questions to One Twenty Brickell Residences, recognizing that a newly delivered building will have a shorter record than an older tower.

Then test the lifestyle. Gabriel Moyers' guide reports a Walk Score of 99 and a Transit Score of 96 for Brickell Avenue and notes the free Metromover, so many residents live car-light, though parking still matters for resale. REHUB Miami suggests walking the block at rush hour and again in the evening. For someone whose office is inside the building, that test is really about the quality of the surrounding neighborhood.

Finally, match the plan to the layout. Come Home to Luxury reported that two-bedroom residences led Brickell's Q4 2025 sales at 44.8%, which may help you think about demand for larger plans. If you want a private, strategy-first review of Brickell resales, including One Twenty Brickell Residences, Denis Smykalov and Wolsen Developments can help you compare options against your priorities.