Industry Lofts

Seventeen Homes Inside a Converted 1953 Telephone Exchange

I pulled all 18 folios the Miami-Dade County Property Appraiser has on file for Industry Lofts at 1560 Lenox Avenue, Miami Beach, FL 33139 — the county’s own neighborhood field for this address reads Flamingo, inside South Beach. One of those 18 is a reference folio covering the building’s ground-floor commercial space; the other 17 are residential homes. The declaration closes at 100.0010% on the county’s common-element share test, with one folio carrying no recorded share, sized instead from its square footage — close enough to complete that I’m treating the pull as whole.

This is a genuinely small building, and its size distribution isn’t uniform. Fifteen of the 17 homes run 757 to 1,492 square feet, split into seven sizes shared by two homes each, plus one 1,204 sq ft home. The remaining two — units 101 and 103 — are outliers: 2,813 and 2,810 square feet, roughly triple the size of the median unit here, and each carries an undivided 13.565% and 13.548% interest in the building’s common elements, against roughly 3.6% to 6.9% for a standard unit. That is not a data error; the county’s own share allocation confirms the size.

The county’s own record lists the building’s year built as 1953. The earliest qualified sale anywhere in this building’s county transaction history is dated August 2006, consistent with a loft conversion inside that older structure first selling that year. On the 2026 tax roll, the 17 homes carry assessed values from $307,200 to $709,665, median $380,250. The county records 0 bedrooms against all 17 homes, consistent with an open-plan loft layout rather than a missing data field.

The county record does not carry a story count, architect or amenity list. The building record on this site shows three stories; I have no amenity list, so none is published here.

Five Sales in Four Years: What $566 a Foot Buys Today

Only 5 qualified sales have closed at Industry Lofts across the whole four-year span — as few as zero in 2025 — too thin to support a confirmed percentage trend, and I’d rather say that plainly than build one out of five data points. What the record can say: median $/sq ft ran $574 in 2023 and $566 in the single 2026 sale to date, essentially flat on very little volume. Against 17 homes, five sales in four years works out to a turnover of roughly one home in 14 each year. 2026 is an incomplete year.

The building’s current-window record is $845,000, closed 4/30/2026, for unit 303 at 1,492 square feet — $566 per square foot. That sale is a near-echo of the same unit’s own history: unit 303 sold for $840,000 in December 2006, just $5,000 less, nearly twenty years earlier. The building’s all-time record sits higher, outside the current window: $1,362,500, closed March 2008, for the 2,813 sq ft unit 101 — $484 per square foot, itself a repeat sale of the same unit, which traded for $1,095,000 in August 2006.

One sale is excluded from every figure on this page: $700,000, closed 1/27/2012, spanning units 301 and 302 together, flagged by the county’s own description as a multi-parcel deed. Combined, the two units total 1,746 square feet — plausibly a single purchase of two adjoining homes, not a portfolio transfer, but I’m not folding it into a per-square-foot figure built on individual homes.

Did Round Trips at Industry Lofts Make Money?

Looking at homes bought and later resold, both legs a qualified transaction over $10,000: 11 of the building’s 17 homes (64.7%) have one. Measured from each home’s first recorded sale to its latest, all 11 gained. The median change across all 11 is +24.4%, over a median 10.6-year hold, and the range runs from +0.6% to +137.6%. Resale by resale it is less clean: of 21 counted resale pairs, 3 closed below the prior price, all for buyers from 2006 to 2008, and 1 more chain was set aside because a foreclosure fell between the two sales.

The building’s largest documented gain: unit 102, 1,204 square feet, bought for $425,000 in August 2006 and sold for $1,010,000 in January 2023, +137.6% over 16.4 years. The smallest gain on record, +0.6%, belongs to unit 303’s own round trip of nearly twenty years described above, a flat outcome once you account for how long the money sat.

Six of the 17 homes have no documented round trip at all — either a single recorded sale or none in the qualified record — so this isn’t a claim that every home in the building has been profitable, only that every completed first-to-latest round trip has been. With just 11 data points, I’d call the direction real but wouldn’t treat the exact 24.4% figure as guaranteed to repeat.

Who Industry Lofts Suits, and Who It Doesn’t

Industry Lofts suits a buyer who wants a genuinely converted industrial building — not a new build styled to look like one — steps from Lincoln Road, and who’s comfortable with a small, non-uniform building where two of the 17 homes are roughly triple the size of the rest. It also suits a patient buyer: all 11 of the building’s completed round trips show a gain from first sale to latest, though 3 of 21 counted resales closed below the prior price.

It suits buyers badly who need a wide set of current comparables or a fast, data-rich negotiation. Only 5 qualified sales have closed here in four years, with a full year, 2025, showing none, and the building’s mixed floorplate sizes mean a same-size comparable isn’t always available for the two largest units.

If you are selling: price off the four-year range of annual median $/sq ft ($410 to $574; the three 2023 sales alone ran $502 to $839) for a standard-size unit, and if you own unit 101 or 103, expect to lean on the building’s own limited history for those two units specifically rather than the standard-unit band. With volume this thin, be ready to make your own case to a buyer’s agent alongside whatever comparable you can point to.

Industry Lofts — Frequently Asked Questions

How many homes are in Industry Lofts?

The Miami-Dade County Property Appraiser lists 18 folios for Industry Lofts at 1560 Lenox Avenue, Miami Beach, FL 33139. One is a commercial reference folio for the ground floor; the other 17 are residential homes.

Why are two units so much bigger than the rest at Industry Lofts?

Units 101 and 103 run 2,813 and 2,810 square feet, roughly triple the median unit size here. Each carries an undivided 13.5% interest in the building’s common elements, versus roughly 3.6% to 6.9% for a standard unit — the county’s own share allocation confirms the size difference is real, not a data error.

When was Industry Lofts built and converted?

The county’s record lists the building’s year built as 1953. The earliest qualified sale in the county’s transaction record for this building is dated August 2006, consistent with the lofts inside that older structure first selling that year.

How many homes have sold recently at Industry Lofts?

Only 5 across the last four years — three in 2023, one in 2024, none in 2025, and one so far in 2026. That is too thin to support a confirmed percentage trend.

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

The building’s all-time record is $1,362,500, closed March 2008, for the 2,813 sq ft unit 101. Inside the current four-year window, the record is $845,000, closed April 2026, for unit 303 at 1,492 sq ft — $566 per square foot.

Do owners at Industry Lofts typically make or lose money?

Of the building’s 17 homes, 11 (64.7%) have a documented round trip, and measured from first recorded sale to latest, every one of them gained. The median change across all 11 is +24.4% over a median 10.6-year hold. Resale by resale, 3 of 21 counted pairs closed below the prior price.

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

The county record gives the year built (1953) but not the story count, architect or amenity details. The three stories come from the building record on this site, and no amenity list is published here.

Guide: Miami lofts for rent and for sale: 2026 prices and rankings