Verified 25 August 2026Miami-Dade County Property Appraiser1 source
Lofts at Mayfair — photography to follow
Building facts
- Address
- 3339 Virginia St
- Neighborhood
- Coconut Grove
- Year built
- 2007
- Residences
- 99
- Status
- Delivered — completed 2007
Key Takeaways
- Two thirds of the building is the same apartment — 65 of the 98 homes are an identical 790 square foot floorplate. That is unusual, and it means this building carries something most do not: a price series with the mix taken out.
- That one floorplate has sold 125 times since 2007 — enough to read as an index rather than a handful of anecdotes — 19 years of the same apartment changing hands.
- It lost roughly half its value, and took fifteen years to get back — the 790 sq ft median was $337,751 in 2007. By 2013 it was $170,000. No year matched the 2007–08 level again until 2022.
- It is now at its highest price ever — the 790 sq ft median reached $587,500 in 2026, and in June 2026 one sold for $670,000 — $848 per square foot, the highest this floorplate has ever achieved.
- The county record is one home short, and the shares prove it — the common-element shares close at 98.80%. The missing 1.20% is exactly the share carried by the building’s fourteen 1,053 sq ft homes. One folio is absent from the county’s public index, not from the building.
- Not everything at this address is a home — the 102 folios include a reference folio and three 439 sq ft retail units. The residential count is 99.
3339 Virginia St, Miami, FL 33133 | Neighborhood: Coconut Grove
Home > Lofts Miami > Lofts at Mayfair
Most buildings cannot tell you what happened to their prices, because every sale is a different apartment. Lofts at Mayfair can. Two thirds of it is the same 790 square foot floorplate, and that floorplate has sold 125 times since 2007. What follows is one apartment, traded over nineteen years, with the mix removed.
What the county records at 3339 Virginia Street
The Miami-Dade County Property Appraiser holds 102 folios at 3339 Virginia Street, all in one declaration, LOFTS AT MAYFAIR CONDO. They are not 102 homes:
| What it is | Count | Detail |
|---|---|---|
| Homes | 98 | the residential condominium units |
| Retail units | 3 | 439 sq ft each, units RET-1 to RET-3 |
| Reference folio | 1 | the underlying land parcel, not a residence |
| Absent from the index | 1 | see below |
| Homes in total | 99 | — |
The declaration is one home short in the county’s public index, and the arithmetic identifies it. Under Florida law the common-element shares in a condominium sum to the whole. Here they close at 98.80%. The missing 1.20% is exactly the share carried by each of the building’s fourteen 1,053 square foot homes — and the folio series runs 0010 to 1020 in steps of ten, 102 positions, with exactly one absent. So the building holds one more 1,053 sq ft home than the county will return on a search. That is an inference from the declaration’s own arithmetic, not a county record, and it is stated here as such.
The homes run 790 to 1,097 square feet, and there are only four floorplates in the entire building: 790 sq ft (65 homes), 1,053 (14), 1,097 (12) and 878 (7). Seventy-two are one-bedrooms and 26 are two-bedrooms.
For 2026 the county assesses the 98 homes it holds at a median of $373,206, across a range of $260,187 to $696,881.
One floorplate, 125 sales, nineteen years
The 790 square foot plan is 65 of 98 homes. Every figure in this section is that plan and nothing else, so size, layout and bedroom count are held constant throughout.
| Year | Sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2007 | 40 | $337,751 | $428 |
| 2008 | 7 | $350,000 | $443 |
| 2013 | 1 | $170,000 | $215 |
| 2016 | 4 | $315,000 | $399 |
| 2019 | 3 | $250,000 | $316 |
| 2022 | 21 | $425,000 | $538 |
| 2025 | 5 | $485,000 | $614 |
| 2026 | 2 | $587,500 | $744 |
The building sold out in 2007 at a median of $337,751. Six years later the same apartment was changing hands at $170,000 — roughly half. The years either side confirm it rather than contradict it: $175,500 in 2010, $178,500 in 2011, $180,000 in 2012.
The recovery was slow and it was not linear. The plan reached $315,000 in 2016, then fell back to $285,000 in 2017 and $250,000 in 2019. It was still at $330,000 in 2021 — below where it started.
2022 is the year it finally cleared its 2007 price, at $425,000 across 21 sales. That is fifteen years to make back what it lost. Anyone who bought at the launch and sold at any point between 2009 and 2021 took a loss in nominal terms, before costs.
Since then it has gone up quickly. In June 2026 a 790 sq ft home sold for $670,000 — $848 per square foot, the highest price this floorplate has ever achieved, and roughly double its 2007 launch median.
The recent price record, and why the medians mislead
Across all floorplates the last four years look like this:
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 18 | $445,000 | $553 |
| 2024 | 5 | $855,000 | $779 |
| 2025 | 7 | $485,000 | $614 |
| 2026 to date | 3 | $670,000 | $816 |
Read that 2024 row with care. It is not a price jump. Only five homes sold in 2024, and four of them were the building’s two largest floorplates — three at 1,097 sq ft and one at 1,053. In 2023, thirteen of the eighteen sales were the small 790 sq ft plan. The median moved because the mix moved. On the 790 plan alone, 2023 was $435,000 and 2024 was $470,000 — a real increase, and a far smaller one than $445,000 to $855,000 suggests.
This is the reason the section above exists. In a building with four floorplates and fewer than ten sales a year, the all-floorplate median is close to useless. Hold the floorplate constant and the picture is clear and steadily upward.
Turnover has also fallen sharply. 2022 and 2023 produced 21 and 18 sales of the 790 plan alone; 2024 produced one. Fifteen sales across the whole building in the last three years is thin for 99 homes.
Who this building suits, and who it does not
It suits a buyer who wants to know exactly what they are buying into. Very few Miami buildings offer 125 recorded sales of the identical apartment. You can see what this home did through 2008, through the bottom, and through the recovery, without guessing at how much of a price move was really a size difference.
It suits a one-bedroom buyer in Coconut Grove. Seventy-two of 99 homes are one-bedrooms and 65 of those share one floorplate, so what is available is predictable and comparable. The county records the neighbourhood as Bird Grove East.
It suits badly anyone who needs to sell on a short horizon. That is the clearest lesson in the record: this floorplate lost roughly half its value and took fifteen years to recover it. Prices are at an all-time high today, and the building has been at an all-time high before.
And it suits badly a buyer who wants space. The largest home here is 1,097 square feet. There is no three-bedroom, and nothing above 1,100 sq ft exists in the declaration.
If you are selling here: price against your own floorplate and nothing else. The building-wide median swung from $445,000 to $855,000 to $485,000 in three years purely on which apartments happened to trade — and any comparable analysis that mixes the 790 plan with the 1,097 plan will mislead you. If you own the 790, you have 125 recorded sales to work from, and the two most recent are $505,000 and $670,000.
Lofts at Mayfair — Frequently Asked Questions
How many units are in Lofts at Mayfair?
99 homes. The county returns 102 folios at 3339 Virginia Street, but those include three 439 sq ft retail units and a reference folio for the land parcel, and one residential folio is absent from the public index — identified by the common-element shares, which close 1.20% short, exactly one 1,053 sq ft home’s worth.
What floorplans does Lofts at Mayfair have?
Four, and one dominates: 790 sq ft (65 homes), 1,053 sq ft (14), 1,097 sq ft (12) and 878 sq ft (7). Seventy-two are one-bedrooms and 26 are two-bedrooms. The largest home in the building is 1,097 square feet.
What have prices actually done at Lofts at Mayfair?
Measured on the 790 sq ft floorplate, which removes the size mix: a 2007 median of $337,751, a 2013 low of $170,000, no year back at the 2007–08 level until 2022, and a 2026 median of $587,500. The highest sale this plan has recorded is $670,000 in June 2026, at $848 per square foot.
Why do the building’s median prices jump around so much?
Because only a handful of homes sell each year and the floorplates differ in size by up to 39%. In 2024 just five homes sold and four were the two largest plans, which pushed the median to $855,000; in 2023, thirteen of eighteen sales were the smallest plan. Compare like with like — the building-wide median is not a price level.
Is Lofts at Mayfair in Coconut Grove?
Yes. The Miami-Dade County Property Appraiser records the neighbourhood as Bird Grove East, within Coconut Grove, and the municipality as Miami.
Sources and further reading
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Josh Stein · Florida real estate sales associate, license SL3057661 · (305) 695-8257 · hello@joshsteinrealtor.comRelated coverage
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