The Loft Downtown Homes for Sale

The Loft Downtown is a residential community in Miami, Florida.

Pure Equity Realty covers The Loft Downtown 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 6 The Loft Downtown Miami homes for sale as of October 2026. The median asking price is $305,000. Asking prices run from $269,000 to $400,000.

That is 53% below the Miami median of $645,000. On a per-foot basis, homes here ask about $381 per square foot, compared with $509 across Miami. So the median price buys roughly 800 square feet of living area.

Listings here have averaged 69 days on the market. That is faster than the Miami average of 144 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in The Loft Downtown date from 2005, so they are about 21 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 is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in The Loft Downtown have a median asking rent of $2,625 per month, across 12 active rental listings. For comparison, the Miami median is $3,000, so rents here run 13% lower.

For investors, those medians imply a gross yield near 10.3% 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 home.

Here is what the median The Loft Downtown price means in Florida closing terms. At $305,000, a 20% down payment comes to about $61,000, leaving a loan near $244,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $854. Next, the intangible tax of 0.2% adds about $488. 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 $1,830 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 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.