Miami Lofts · Upper Eastside · Bank Lofts
The county records every one of the 79 homes as having no bedroom.
By Josh Stein · Florida license SL3057661 · Updated 8 October 2026Leer en español →
1 condo for sale at Bank Lofts, list price $477.35 per sq ft.
- Asking range$295,000
- List price per sq ft$477.35
- Months of inventory4.0
- Sold, 12 months3
Listing information is deemed reliable but is not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Data is supplied by the MLS and may be subject to change or withdrawal without notice.
Last updated October 30, 2026, 10:46 am
Key facts about Bank Lofts
| Address | 8101 Biscayne Boulevard, Miami FL 33138 |
|---|---|
| For sale now | 1 |
| List price range | $295,000 |
| Size | 618 sq ft |
| Bedrooms | Studio |
| List price per sq ft | Average $477.35, low $477, high $477 |
| Monthly HOA | $372 to $1,108 |
| Year built | 1968 |
| Amenities | Business Center, Fitness Center, Parking, Spa Hot Tub |
| Neighborhood | Miami |
Residences at Bank Lofts
| Bedrooms | For sale | Size (sq ft) | List price | Avg $/sq ft | Last sale |
|---|---|---|---|---|---|
| Studio | 1 | 618 | $295,000 | $477.35 | $580,000 (May 20, 2026) |
| 1 | 0 | $655,000 (June 24, 2026) |
Recently sold in
4 listings
Verified 25 August 2026Miami-Dade County Property Appraiser1 source
Building facts
- Address
- 8101 Biscayne Blvd
- Neighborhood
- Upper East Side
- Year built
- 1968
- Floors
- 7
- Residences
- 79
- Status
- Delivered — loft conversion of a 1968 building
Key Takeaways
- Bank Lofts recorded 4 sales in the 12 months to 23 September 2026 — at a median of $460,000, or $529 per square foot, on the Miami-Dade County Property Appraiser record. The latest recorded sale was on 23 June 2026. Own at Bank Lofts? Ask Josh what yours would sell for on WhatsApp.
- The county records every one of the 79 homes as having no bedroom — not one, two or a mix — all 79 read zero bedrooms. That is the loft form stated in the public record, and it has consequences for financing and resale.
- The price per square foot has risen in each of the last four years: $437, $470, $472, then $529 in 2026, up 21.0%. On three to six sales a year, so treat the direction as real and the exact figure as soft.
- The price per foot is modest: a four-year median of $477 per square foot, in a band of $334 to $545 across 16 sales.
- The apartments are large for the price — 533 to 1,906 square feet, median 851. A 2026 sale at $580,000 bought 1,128 square feet; the same money buys a studio under 500 feet on the beach.
- The declaration closes at exactly 100.0000% — so all 79 homes and all five commercial folios are accounted for. Nothing is missing from these figures.
- Fifty-six of the building’s 166 sales closed in 2007: the conversion. Since then it has traded every year without exception, thin at three to eleven sales, but never dormant.
8101 Biscayne Blvd, Miami, Florida 33138 | Neighborhood: Upper Eastside
Two things make this building worth a page of its own. The county records every single apartment in it as having no bedroom, which is unusual enough to need explaining. And its price per square foot has gone up in each of the last four years.
What the county records at 8101 Biscayne Boulevard
The Miami-Dade County Property Appraiser holds 84 folios at 8101 Biscayne Boulevard, all in one declaration, THE BANK CONDO. Seventy-nine are saleable homes; the remaining five are three retail units and two offices. The declaration’s common-element shares close at exactly 100.0000% — the cleanest confirmation available that nothing has been missed.
The homes run 533 to 1,906 square feet, median 851, across a wide spread of plans rather than a few repeated ones — the most common floorplates appear only three times each. All 79 are classified RESIDENTIAL — TOTAL VALUE : CONDOMINIUM — RESIDENTIAL.
For 2026 the county assesses the homes at $23,998,695, a median of $286,990 across a range of $72,187 to $648,409.
What does “zero bedrooms” actually mean here?
Across the 79 homes, the county records a bedroom count of zero for every single one. Not a majority, not a mix — all of them. I have pulled hundreds of Miami buildings and this is close to unique: even studio-heavy towers carry some one and two-bedroom units.
What it reflects is that these are open-plan lofts: a single volume with no walled sleeping room, at a median 851 square feet. That is a genuinely different product from a one-bedroom apartment of the same size, and it is worth being clear-eyed about what follows from it.
It narrows your buyer pool. A large share of purchasers filter by bedroom count, and a search for a one-bedroom will not return this building. It can also complicate financing and appraisal, because a lender’s comparables are usually drawn from properties with matching bedroom counts and there are few of those nearby.
What it buys you is space per dollar. A 2026 sale here at $580,000 bought 1,128 square feet. On South Beach the same money buys a studio under 500 feet. Whether that is a good trade depends entirely on whether you actually want a wall.
I am describing what the record says rather than what the apartments look like. The county records use, area and value; it does not record layout, ceiling height or finish, and I have not confirmed those from any primary source.
Four years of rising prices per foot
The record holds 166 qualified transactions, with one portfolio deed excluded. Fifty-six of them closed in 2007, when the building was sold off; it has traded in every year since, between three and eleven times.
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 3 | $305,000 | $437 |
| 2024 | 3 | $520,000 | $470 |
| 2025 | 6 | $395,500 | $472 |
| 2026 to date | 4 | $460,000 | $529 |
Four consecutive rises in price per square foot, from $437 to $529, up 21.0%. The county record supports a rise here, on small numbers. The 2026 row and the 16-sale count follow the county’s 23 September 2026 pull, which added a $655,000 sale on 23 June 2026 (1,363 sq ft).
Two honest qualifications. Sixteen sales across four years is a small sample, and two of those years hold only three transactions each; I would treat the direction as real and the 21% as soft. And note again that the median price column moves independently — it reads $305,000, $520,000, $395,500, $460,000, which is mix rather than movement. With apartments ranging from 533 to 1,906 square feet, only the per-foot column is meaningful here.
Sixteen sales against 79 homes works out at roughly one apartment in 20 per year, and the median home last changed hands in 2016. Two of the 79 have no individual qualified sale on record at all.
Who this building suits, and who it does not
This suits a buyer who wants floor area rather than room count, on the Upper Eastside rather than the beach, and who is comfortable owning something that a conventional search filter will not surface. On price per square foot it offers a lot of floor area for the money, and the per-foot trend has been up four years running.
It suits you badly if you will need a conventional bedroom count to resell or to finance. That is not a hypothetical concern in a building where the public record says every unit has zero bedrooms — your eventual buyer faces exactly the same constraint you do, and so does their lender.
It also suits you badly if you need to exit quickly. One sale a year for every 20 apartments is thin, even though the building trades every year.
If you are selling here, lead with square footage and price per foot, because those are the numbers where this building wins and they are the ones the county record supports. Do not lead with the median price: it has bounced between $305,000 and $520,000 across four years purely on which sizes happened to sell, and a buyer’s agent will take it apart in an afternoon.
Bank Lofts — Frequently Asked Questions
How many units are in Bank Lofts?
79 homes, plus three retail units and two offices, in THE BANK CONDO declaration at 8101 Biscayne Boulevard. The declaration closes at exactly 100% of its common elements, so that count is complete.
Why does the county say these units have no bedrooms?
Because they are open-plan lofts with no walled sleeping room. All 79 homes carry a recorded bedroom count of zero, which is close to unique among the Miami buildings I have pulled. It is an accurate description of the form, and it has practical consequences: bedroom-count search filters will not surface the building, and lenders may struggle to find matching comparables.
What do units here sell for?
Qualified sales over the last four years run from $277,500 to $655,000. The four-year median is $477 per square foot in a band of $334 to $545. A 2026 sale at $580,000 bought 1,128 square feet.
Are prices at Bank Lofts rising?
On the county record, yes. Median price per square foot has risen in each of the last four years: $437, $470, $472, $529, which is 21.0% over the period. The sample is small, at three to six sales a year, so the direction is better supported than the precise magnitude.
How big are the apartments?
From 533 to 1,906 square feet with a median of 851. The plans are varied rather than repeated: the most common floorplates appear only three times each.
Why do the median price and the price per square foot tell different stories?
Because the apartments vary in size by a factor of more than three. In 2024 the median price was $520,000 and in 2026 it was $460,000, but the price per square foot rose across that period. The median price reflects which sizes happened to sell; only the per-foot figure tracks value.
How often do units here change hands?
Sixteen qualified sales across the last four years against 79 homes, about one apartment in 20 per year. The median home last sold in 2016, and two of the 79 have no individual qualified sale on record at all. The building has, however, traded in every year since its 2007 conversion.
Own at Bank Lofts?
If you own here, this page already carries the county’s record of what homes in Bank Lofts have sold for. Here is how to use it.
Your three options
- Sell. Price against what comparable homes in the building have actually recorded, not against asking prices.
- Rent it out. Within the condominium’s rental rules, which vary from building to building.
- Hold. Watch the record: this page is updated from the county as new sales are posted.
What I will send you
Tell me your unit. I will send you the recorded sales of comparable homes in Bank Lofts, what they sold for per square foot, and a straight read on what yours could sell for today.
Two free things for owners
Prefer email? hello@joshsteinrealtor.com
Josh Stein, Florida real estate sales associate, license SL3057661.Sources and further reading
Interested in selling at Bank Lofts Miami?
Learn more about selling your condo at Bank Lofts in Miami with Josh Stein.
Upper Eastside Condo & Loft Buildings
BANK LOFTS
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Starting at $350,000
IOS ON THE BAY
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Starting at $570,000
Thinking about Bank Lofts?
I have sold South Florida property since 2002, more than $1 billion of it. Ask me for the recorded declaration, what has genuinely closed, or a straight answer on whether this building fits what you are after.
Josh Stein · Florida real estate sales associate, license SL3057661 · (305) 695-8257 · hello@joshsteinrealtor.comGet this building’s next recorded sale, before the listing sites catch up
- Every closed sale we can verify from the Miami-Dade record: price, date, and $/sqft when the deed supports it. Not an IDX feed.
- Optional alert when a new deed posts in this building (or a short list of comps you choose).
- No spam inventory blasts. One building. One record. You decide what happens next.
Tell Josh which building. He’ll send the latest closed sales and set a quiet alert.
Get the sales recordFrequently 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
Part of Miami Lofts.