The Loft Downtown Ii Cond Homes for Sale

The Loft Downtown Ii Cond is an age-restricted 55+ community in Miami, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $330,000 to $529,000. At least one resident per home must be 55 or older. Pure Equity lists homes in The Loft Downtown Ii Cond and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers The Loft Downtown Ii Cond and the Miami area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 18 The Loft Downtown Ii Cond Miami homes for sale as of October 2026. The median asking price is $360,000. Asking prices run from $298,000 to $529,000.

That is 44% below the Miami median of $640,000. On a per-foot basis, homes here ask about $498 per square foot, roughly in line with the city at $508. So the median price buys roughly 700 square feet of living area.

Listings here have averaged 76 days on the market. That is faster than the Miami average of 143 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in The Loft Downtown Ii Cond date from 2007, so they are about 19 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

The Loft Downtown Ii Cond is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in The Loft Downtown Ii Cond have a median asking rent of $3,000 per month, across 18 active rental listings. That is close to the Miami median of $3,000.

For investors, those medians imply a gross yield near 10.0% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Miami rentals or ask us for a rent estimate on a specific The Loft Downtown Ii Cond home.

Here is what the median The Loft Downtown Ii Cond price means in Florida closing terms. At $360,000, a 20% down payment comes to about $72,000, leaving a loan near $288,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,008. Next, the intangible tax of 0.2% adds about $576. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $2,160 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent The Loft Downtown Ii Cond listings show assignments to Frederick Douglass (elementary), Jose De Diego (middle) and Booker T. Washington (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.