Former Formula 1 star Rubens Barrichello has officially purchased a South Brickell boutique condo at Colette Residences for $8 million, securing an impressive multi-level property in Miami, FL. The transaction highlights the continuous interest in low-density luxury developments within the South Brickell area. The acquired unit is a multi-floor townhome offering expansive interior living areas alongside substantial private outdoor space in the new residential project.
The former racing driver purchased the two-floor townhome comprising 4,300 square feet of interior space, which breaks down to approximately $1,844 per square foot. Configured with four bedrooms and 5.5 bathrooms, the residence also boasts 2,000 square feet of private outdoor space. This expansive exterior area enhances privacy while catering to the indoor-outdoor lifestyle concept designed for the development.
Inside Rubens Barrichello’s South Brickell Boutique Condo
The two-floor residence acquired by Rubens Barrichello stands out for its spacious layout and generous exterior footage. Spread across two levels, the 4,300-square-foot interior floor plan effectively segregates private sleeping quarters from common living and entertainment areas. Featuring four bedrooms and 5.5 bathrooms, the unit provides generous multi-level living accommodations.
Complementing the interior footprint is 2,000 square feet of private outdoor space, creating a significant total footprint for the residence. At approximately $1,844 per square foot for the $8 million transaction, the purchase establishes a prominent transaction milestone for townhome units within Colette Residences.
Project Details and Amenities at Colette Residences
Colette Residences is being developed by META Development as a boutique five-story residential project containing a total of 38 residences. The architectural design was completed by Brazilian architecture studio OSPA Architecture, bringing an international design aesthetic to the South Brickell streetscape. Prices for properties within the boutique development start at $3.3 million.
Future residents of Colette Residences will have access to an array of dedicated on-site amenities tailored to wellness, convenience, and leisure. Confirmed amenities for the boutique community include:
- A 50-foot swimming pool for relaxation and exercise
- A specialized wellness spa
- A private screening room for entertainment
- A dedicated children’s playroom
- Valet service and covered parking spaces
- Private storage options for homeowners
Construction Timeline and Planned Completion Date
Construction work at Colette Residences is expected to progress over the coming months as site execution moves forward. The project schedule currently anticipates building completion in summer 2028. As construction advances, the five-story structure will add new boutique inventory to the South Brickell residential landscape.
Market Context for South Brickell Boutique Condo Buyers
The South Brickell area remains a distinct submarket in Miami, offering proximity to commercial hubs while maintaining a refined residential atmosphere. Boutique developments like Colette Residences appeal directly to buyers who prefer low-density communities over high-density residential towers. Buildings offering only 38 residences provide a lower unit count, which often appeals to buyers looking for greater privacy and focused amenity spaces.
For buyers and real estate investors evaluating pre-construction opportunities in Miami, reviewing key attributes such as total square footage, price per square foot, outdoor space ratios, and project schedules is essential. As Colette Residences advances toward its planned summer 2028 delivery date, it represents an active example of boutique residential development in South Brickell.
Source: World Red Eye
