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Case files · 2 October 2026
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Alliage Lofts

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Miami Lofts · South Beach · Alliage Lofts

12 homes make up Alliage Lofts.

By Josh Stein · Florida license SL3057661 · Updated 1 October 2026

Verified 24 August 2026Miami-Dade County Property Appraiser1 source

Sources

Sunset Harbour, the low-rise waterfront district on the west side of South Beach
Sunset Harbour, the low-rise waterfront district on the west side of South Beach

Key Takeaways

  • No sale at Alliage Lofts was recorded in the 12 months to 23 September 2026 — on the Miami-Dade County Property Appraiser record. The latest recorded sale was on 17 June 2025. Own at Alliage Lofts? Ask Josh what yours would sell for on WhatsApp.
  • 12 homes make up Alliage Lofts, — at 1428 West Avenue in Miami Beach — every home carries the identical 2-bedroom layout, split across three close floorplates, and the declaration closes at exactly 100% on the county’s common-element share test.
  • Only 2 qualified sales closed here across the last four years, — one in 2024 and one in 2025, with nothing in 2023 or so far in 2026 — too few to establish a current trend.
  • The building’s current-window record sale is also its all-time record: — $925,000 on 6/12/2024, for a 1,166 sq ft home at unit 203 — $793 per square foot.
  • 11 of the building’s 12 homes (91.7%) have a documented round trip: 23 qualified resale pairs in all, 22 gains and 1 loss, with a median change of +28.5% over a median 5.6-year hold.
  • The building’s largest documented gain spans 17.7 years: unit 404 bought for $354,000 in May 2004 and sold for $800,000 in January 2022, +126.0%. Its next sale, $880,000 in June 2025, was +10.0% over 3.4 years.
  • The one documented loss is unit 203: bought for $630,000 in October 2005 and sold for $366,700 in April 2011, -41.8%. The other 22 resale pairs gained between +2.6% and +126.0%. A further pair (unit 206, 2004 to 2010) is left out because a June 2010 certificate-of-title transfer, after a foreclosure, sits between the two sales.

Alliage Lofts, by the numbers

5Storeys
12Residences
2004Year
CompletedStatus

Architect: Chad Oppenheim. Source: the building record on this site.

1428 West Avenue, Miami Beach, Florida 33139 | Neighborhood: South Beach

Twelve Identical Homes on Miami Beach’s West Avenue

I pulled all 12 folios the Miami-Dade County Property Appraiser has on file for Alliage Lofts at 1428 West Avenue, Miami Beach, FL 33139. The declaration closes at exactly 100.0000% on the county’s common-element share test, and all 12 folios are residential homes; there are no commercial, parking or storage folios to exclude. This is a genuinely small building — smaller than most in this cluster by home count.

Detail of a restored Art Deco facade with porthole windows, South Beach
Detail of a restored Art Deco facade with porthole windows, South Beach

Every one of the 12 homes carries 2 bedrooms. Heated area runs a tight range, 1,166 to 1,256 square feet, split evenly across three floorplates of 4 homes each: 1,256, 1,194 and 1,166 square feet. There is no floorplate outlier here — every sale in the building’s history is a reasonably direct comparable for every other home.

On the 2026 tax roll, assessed values run from $497,117 to $728,228 across the 12 homes, with a median of $705,820.

The county record carries a year built of 2004. The story count and architect in the box above come from the building record on this site; the property record does not carry them, nor an amenity list, and I’d rather say so than fill them in from a listing site.

Two Sales in Four Years: What a Small Sample Can Say

YearQualified salesMedian priceMedian $/sq ft
20230——
20241$925,000$793
20251$880,000$755
2026 to date0——

There were no qualified sales at Alliage Lofts in 2023 or in 2026 to date. The two sales that did close, one in each of 2024 and 2025, are close to each other in both size and rate — $925,000 at $793 a square foot, then $880,000 at $755 a square foot — which is a mild positive sign of consistency, but two data points cannot establish a direction, and I’d rather say that plainly than build a percentage out of them. Against 12 homes, two sales in four years works out to a turnover of roughly one home in 24 each year.

Sailboats moored at sunset with the Miami skyline in the distance
Sailboats moored at sunset with the Miami skyline in the distance

The building’s current-window record, $925,000 closed 6/12/2024 for unit 203, is also the building’s all-time high on the county’s record.

What Do the Completed Round Trips at Alliage Lofts Show?

Looking at homes bought and later resold, both legs a qualified transaction over $10,000: 11 of the building’s 12 homes (91.7%) have at least one, and together they make 23 resale pairs (each sale paired with the next qualified sale of the same home). 22 of the 23 sold for more than the previous owner paid and 1 sold for less. The median change across the 23 is +28.5%, over a median 5.6-year hold, and the range runs from -41.8% to +126.0%.

Ten of the 23 pairs start at the building’s original sales in April through June 2004, mostly $354,000 to $440,000 (the largest, $480,000, is unit 406). The building’s largest documented gain: unit 404, bought for $354,000 in May 2004 and sold for $800,000 in January 2022, +126.0% over 17.7 years. The 2022 buyer resold at $880,000 in June 2025, one of the two sales inside the current four-year window, +10.0% over 3.4 years. The smallest gains, +2.6%, +3.8% and +4.0%, came over holds of 8.1, 3.9 and 6.5 years. The one loss is unit 203, which sold for $630,000 in October 2005 and $366,700 in April 2011, -41.8%. With 23 resale pairs on 11 homes and only two recent sales feeding the current window, this is what the record shows, and it says nothing about what comes next.

Who Alliage Lofts Suits, and Who It Doesn’t

Alliage Lofts suits a buyer who wants a small, completely uniform building on West Avenue near Lincoln Road, and a resale record in which 22 of 23 pairs ended higher (the two most recent sales, $793 and $755 a square foot, sit close together), though two sales are too few to establish a trend.

It suits buyers badly who need current market data or a fast, comparable-driven negotiation. Only two sales have closed here in four years, with no activity at all in 2023 or so far in 2026, so a buyer’s agent will have very little recent volume to point to.

If you are selling: your comparables are the two recent sales, $755 to $793 a square foot, and the building’s uniform floorplates make that comparison a fair one regardless of which unit you own. With volume this thin, expect a longer marketing period, and lean on the building’s resale record, 22 of 23 pairs ending higher, as part of your pitch.

Alliage Lofts — Frequently Asked Questions

How many homes are in Alliage Lofts?

The Miami-Dade County Property Appraiser lists 12 folios for Alliage Lofts at 1428 West Avenue, Miami Beach, FL 33139, and all 12 are residential homes, every one an identical 2-bedroom layout.

How many homes have sold recently at Alliage Lofts?

Only 2 in the last four years — one in 2024, one in 2025 — with none in 2023 or so far in 2026. That is too few to establish a current trend.

What is the highest price a home has sold for at Alliage Lofts?

The building’s current and all-time record is $925,000, closed June 2024, for a 1,166 sq ft home at unit 203 — $793 per square foot.

What does the sale record show about owners’ gains and losses at Alliage Lofts?

Of the building’s 12 homes, 11 (91.7%) have a documented round trip, making 23 resale pairs. 22 of them sold for more than the previous owner paid and 1 sold for less (unit 203, -41.8%, 2005 to 2011). The median change across the 23 is +28.5% over a median 5.6-year hold.

What did homes at Alliage Lofts originally sell for?

Most of the building’s original 2004 sales closed between $354,000 and $440,000. The largest documented gain since then: unit 404, bought for $354,000 in May 2004 and sold for $800,000 in January 2022, +126.0% over 17.7 years.

How often do homes turn over at Alliage Lofts?

With two qualified sales across the last four years against 12 homes, turnover works out to roughly one home in 24 each year.

What is not known about Alliage Lofts from the county record?

Story count, architect and amenity details are not part of the Property Appraiser’s record. The year built (2004) is; the story count and architect shown on this page come from the building record on this site. The sale figures come only from the county record.

Sources and further reading

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Josh Stein · Florida real estate sales associate, license SL3057661 · (305) 695-8257 · hello@joshsteinrealtor.com
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Alliage Lofts and the truth about Miami lofts

Miami has almost no true converted-warehouse lofts. That single fact explains the whole category, and almost nobody says it plainly. Unlike SoHo, Tribeca or Chicago’s West Loop, Miami’s urban core was never built out as multi-story manufacturing, so there was very little industrial stock to convert. Nearly every building marketed here as a loft is purpose-built new construction in a loft aesthetic — high ceilings, concrete floors, open plans, floor-to-ceiling glass — constructed between roughly 2002 and 2016. Parc Lofts at 1749 NE Miami Court is the notable exception, described in the trade as one of the few genuine industrial-loft buildings in the city, with 15-foot ceilings on floors one to four and 20-foot ceilings above.

Alliage Lofts was built in 2004 in South Beach with 12 units across 5 floors. That places it squarely inside the loft-construction window — the pre-crisis condo boom that produced essentially all of Miami’s loft inventory. No meaningful loft product has been added since.

The value case, in numbers

Loft product is the genuine affordability play inside Miami’s urban core. Downtown loft-style condominiums trade at roughly $414 to $451 per square foot — Neo Lofts at $414, Loft Downtown I at $425, Loft Downtown II asking $451 — against a Downtown luxury benchmark of $730 per square foot in Q1 2026. That is 55 to 62 per cent of the going rate for comparable urban-core square footage.

Two further numbers matter. Loft Downtown II’s trailing six-month sold average was $422 per square foot against a $451 asking average, at 129 days on market — sellers are taking less than ask, and taking a while. And Downtown carried 46 months of luxury inventory in Q1 2026, the highest in Greater Downtown. If you are buying, that is as much negotiating leverage as this market offers anywhere.

Carrying cost is the quiet advantage

Loft buildings are small, low-amenity and cheap to run, and it shows in the monthly. Loft Downtown II carries an HOA of about $0.93 per square foot per month and Neo Lofts about $1.15. A South Beach trophy tower runs $4 to $7 per square foot per month — The Setai sits near $4.55. On a 1,000 square foot unit that is a difference of roughly $3,000 to $6,000 every month, before you have paid a mortgage. For investors, it is the entire reason the rental maths works.

Why no more lofts will be built

Land economics closed the category. Edgewater luxury traded at $978 per square foot and Brickell at $950 in Q1 2026, while loft product sits near $420. No developer builds a four to six-storey, 35 to 70-unit loft building on land that pencils for a 40-storey tower. High ceilings make it worse: a 20-foot ceiling consumes the volume of nearly two conventional floors, so under fixed height and FAR limits every foot of ceiling is traded directly against sellable units.

The consequence is a permanently closed supply category with structurally tiny unit counts — Ilona Lofts has 16 units, Wynwood Lofts 35, Montclair 41, Star Lofts 47, Bay Lofts 54, Uptown 66, Parc Lofts 70, Filling Station 81. In buildings that small, one owner deciding not to sell measurably moves availability.

Where Miami’s lofts actually are

  • Downtown Miami — Loft Downtown I and II. The walkable core, on the Metromover, and the most accessible luxury submarket in the city.
  • Arts & Entertainment District — Parc Lofts and Filling Station Lofts, next to the Adrienne Arsht Center, between Downtown and Wynwood.
  • Wynwood — Wynwood Lofts, in the gallery district by Wynwood Walls, with Midline Miami’s 10,000 square foot live-music venue at Arlo Wynwood open since January 2026.
  • Edgewater — Star Lofts, Bay Lofts and Uptown Lofts, in the top-performing Miami neighbourhood of Q1 2026 with 120 per cent year-on-year sales growth.
  • Miami River and Brickell edge — Neo Lofts, on the riverfront dining corridor. Brickell is Greater Downtown’s fastest-selling submarket at 75 days on market.

Who buys lofts in Miami

Creative professionals first — Parc Lofts is documented as a favourite among photographers, musicians and artists, and Wynwood Lofts is explicitly marketed as a live/work building. Then entry-point urban buyers, because Downtown lofts start around $282,000 to $307,000, well under the $425,000 Miami-Dade condo median. And rental investors, drawn by the low carry: Loft Downtown II listed 17 units for rent against 15 for sale in July 2026.

At the top of the market the buyer is different again. Parc Lofts units run 1,970 to 3,774 square feet with 15 to 20-foot ceilings at $1.3M to $3.0M. That is a fundamentally different proposition from a 700 square foot Brickell tower unit at the same price — and there is nowhere else in Miami to buy it.

Frequently asked questions

Are there real converted-warehouse lofts in Miami?

Very few. Parc Lofts at 1749 NE Miami Court is described in the trade as one of the few true industrial-loft buildings in Miami, with 15-foot ceilings on floors one to four and 20-foot ceilings on floors five and six. Most Miami buildings marketed as lofts, including Neo Lofts, Filling Station Lofts, Wynwood Lofts and Loft Downtown I and II, are purpose-built new construction in a loft aesthetic dating from 2002 to 2016.

How much does a loft cost in Miami?

Downtown loft-style condominiums start around $282,000 to $307,000 and average $414 to $451 per square foot across Neo Lofts, Loft Downtown I and Loft Downtown II, on 2026 data. Large-format industrial lofts sit far higher: Parc Lofts runs roughly $1.3 million to $3.0 million at about $756 per square foot for units of 1,970 to 3,774 square feet.

Are Miami lofts good value compared with condos?

On a per-square-foot basis, clearly. Downtown loft product trades at roughly $414 to $451 per square foot while the Downtown luxury condo segment ran $730 per square foot in Q1 2026. Carrying costs are lower too: Loft Downtown II has an HOA near $0.93 per square foot per month against $4 to $7 in South Beach trophy towers.

Which Miami neighborhoods have lofts?

The concentrations are Downtown Miami with Loft Downtown I and II, the Arts and Entertainment District with Parc Lofts and Filling Station Lofts, Wynwood with Wynwood Lofts, Edgewater with Star, Bay and Uptown Lofts, and the Miami River and Brickell edge with Neo Lofts. South Beach has a small cluster of boutique loft buildings including Ilona Lofts and Montclair Lofts, and Coconut Grove has Lofts at Mayfair.

What are the largest lofts in Miami?

Parc Lofts has the largest floorplates of any loft building in the city, with units from 1,970 to 3,774 square feet. Filling Station Lofts runs 832 to 1,639 square feet with 18-foot ceilings. Most Downtown loft towers top out near 1,150 to 1,185 square feet.

Why does nobody build new lofts in Miami anymore?

Land economics. Edgewater and Brickell luxury condos traded at $978 and $950 per square foot in Q1 2026 while loft product trades near $420. A four to six-storey building with 35 to 70 units cannot compete for the same land as a 40-storey tower, and 20-foot ceilings consume roughly two conventional floors of height under fixed limits. No meaningful loft supply has been added since about 2016.

How long do Miami lofts take to sell?

Loft Downtown II averaged 129 days on market over the six months ending July 2026, with sold prices averaging $422 per square foot against an asking average of $451. Downtown carried 46 months of luxury inventory in Q1 2026, the highest in Greater Downtown, which gives buyers meaningful negotiating room.

Who buys lofts in Miami?

Three groups. Creative professionals, since Parc Lofts is documented as a favourite among photographers, musicians and artists and Wynwood Lofts is marketed as a live/work building. Entry-point urban buyers, because Downtown lofts start below $310,000 against a $425,000 Miami-Dade condo median. And rental investors attracted by the low HOA structure, with Loft Downtown II listing 17 units for rent against 15 for sale in July 2026.

Related coverage

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