Building facts
- Address
- 8101 Biscayne Blvd.
- Neighborhood
- Upper Eastside
- Year built
- 1968
- Floors
- 7
- Residences
- 89
- Status
- Completed
- Pricing
- Starting at $315,000
Verified 25 August 2026Miami-Dade County Property Appraiser1 source
Bank Lofts — photography to follow
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
- 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 $543 in 2026 — up 24.3%. On three to six sales a year, so treat the direction as real and the exact figure as soft.
- It is the cheapest per foot of any building I have measured this month — a four-year median of $473 per square foot, in a band of $334 to $545. Comparable South Beach lofts run two to three times that.
- 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 165 sales closed in 2007 — the conversion. Since then it has traded every year without exception — thin, at three to eleven sales, but never dormant.
Bank Lofts, by the numbers
Starting at $315,000. Source: the building record on this site.
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 it is the cheapest building per square foot I have measured in months, while its price per 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 165 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 | 3 | $340,000 | $543 |
Four consecutive rises in price per square foot, from $437 to $543 — up 24.3%. That is the opposite direction from most of what I have measured this month, and it makes this one of the few buildings on the site where the county record supports a rise at all.
Two honest qualifications. Fifteen sales across four years is a small sample, and three of those years hold only three transactions each; I would treat the direction as real and the 24.3% as soft. And note again that the median price column moves independently — it reads $305,000, $520,000, $395,500, $340,000, which is mix rather than movement. With apartments ranging from 533 to 1,906 square feet, only the per-foot column is meaningful here.
Fifteen sales against 79 homes works out at roughly one apartment in 21 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 is the best value I have measured this month by a wide margin, 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 in 21 years per apartment 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?
Recent qualified sales run roughly $305,000 to $580,000. The four-year median is $473 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, $543 — which is 24.3% over the period and unusual among the buildings I have measured recently. 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 $340,000, 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?
Fifteen qualified sales across the last four years against 79 homes, about one apartment in 21 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.
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
8101 Biscayne Blvd.
Upper Eastside
Starting at $350,000
IOS ON THE BAY
720 NE 62nd Street
Upper Eastside
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.comFrequently 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.