Star Lofts

Forty-Five Standard Lofts and Two Penthouses on Edgewater’s Bay

I pulled all 47 folios the Miami-Dade County Property Appraiser has on file for Star Lofts at 700 NE 25th Street, Miami, FL 33137 — the county’s own neighborhood field for this address reads Edgewater. The declaration closes at 99.88% on the county’s common-element share test, close enough to complete that I’m treating the pull as whole. All 47 folios are residential homes; there are no commercial, parking or storage folios to exclude.

This building is genuinely two products under one roof. 45 homes run 556 to 2,346 square feet: three studios at 556 sq ft (6.4%), and three dominant floorplates at 1,234, 1,382 and 1,594 square feet (13 homes each, 27.7% apiece, together 83.0% of the building), plus three larger one-off units up to 2,346 sq ft. The remaining 2 homes are penthouses — 4,611 and 4,965 square feet, roughly double the size of the largest standard unit (2,346 sq ft) and priced on their own below rather than folded into the building’s standard $/sq ft figures.

On the 2026 tax roll, assessed values run from $233,500 to $3,568,630 across all 47 homes, with a median of $573,390 — the wide top end reflects the two penthouses.

The county record gives 2007 as the year built, and the building record on this site lists 24 stories. I don’t have a confirmed amenity list for this building, and I’d rather say so than fill it in from a listing site.

Why a $4.5 Million Sale Doesn’t Belong in This Building’s Median

This table covers standard-size units only. One additional sale fell inside 2024 — the penthouse PH 2, $4,500,000 on 4/9/2024, $976 per square foot — and I’ve left it out of this table entirely rather than let a single $4.5 million sale set a “2024 median price” of $2,725,000 against a building where every other recent sale is under $1 million. That number would be technically correct and completely misleading. There have been no qualified sales at all in 2025, and only 5 standard-unit sales closed across the whole four-year span — too few to read a change: the 2023 median was $586 per square foot on three sales, and 2026 is $430 on one. 2026 is an incomplete year. Counting all 6 sales including the penthouse, the building’s turnover works out to one home in 31 each year against 47 homes.

The building’s current record, full stop, is the penthouse sale: $4,500,000, closed 4/9/2024, for the 4,611 sq ft PH 2, $976 per square foot — a real transaction and a real price, just not one I’m using to characterize what a standard loft here costs.

A Round-Trip Record Split Almost Exactly in Half

Looking at homes bought and later resold, both legs a qualified transaction: 33 of the building’s 47 homes (70.2%) have one. The record splits close to evenly — 16 sold for more than the previous owner paid, 17 sold for less — a median change across all 33 of -2.0%, over a median 9.3-year hold, measured from each home’s first to its last qualified sale. Among the 16 gainers alone the median gain is 28.7%. The range runs from -55.2% to +124.8%. Resale by resale the answer depends on when the owner bought: of 19 resales that began with a 2000s purchase, 17 closed below the previous price (89.5%), and of 21 that began in the 2010s, 3 did (14.3%), with pairs that passed through a foreclosure left out of those two counts.

Five of the 11 qualified sales in 2010 and 2011 closed at $163 to $181 a square foot (the other six at $220 to $328), well below the standard-unit band today, and several of the building’s largest documented losses came out of that stretch: one home bought for $639,000 in 2007 sold for $286,500 in 2011, -55.2%. On the other side, PH 2 itself shows the building’s clearest long-hold outcome: bought for $2,245,050 in August 2007, sold for $4,500,000 in April 2024, +100.4% over 16.7 years — a reminder that this building’s two product types haven’t necessarily moved together.

Who Star Lofts Suits, and Who It Doesn’t

Star Lofts suits two different buyers, and it’s worth being clear about which one you are. For a standard-size loft, this is a building with real Edgewater bay-area inventory across three dominant floorplates — a same-size comparable is usually available. For a penthouse buyer, the two units here are genuinely large-format, and the one recent sale on record, PH 2 at $4,500,000, shows the format holding value over a long hold.

It suits buyers badly who want current comparables or a predictable timeline for a standard unit — 2025 had no qualified sales at all, and the round-trip record is split almost evenly between gains and losses. A buyer’s agent may also raise the building’s 2010-2011 sales, which closed at a fraction of today’s standard-unit rate per foot.

If you are selling a standard unit: price off the $430 to $596 four-year $/sq ft band and your specific floorplate, and don’t let the building’s $4.5 million penthouse sale set expectations for a 1,234-1,594 sq ft home — they are not comparable properties. If you’re selling a penthouse, you have exactly one recent data point to work from; be ready to make your own case on comparables outside this building.

Star Lofts — Frequently Asked Questions

How many homes are in Star Lofts?

The Miami-Dade County Property Appraiser lists 47 folios for Star Lofts at 700 NE 25th Street, Miami, FL 33137 (Edgewater), and all 47 are residential homes. 45 are standard-size lofts, 556 to 2,346 square feet; the other 2 are penthouses, 4,611 and 4,965 square feet.

Why does this page separate the penthouses from the standard units?

Blending a single $4,500,000 penthouse sale into the building’s 2024 figures would print a “median price” of $2,725,000 from just two sales — technically correct and completely misleading, since every other recent sale here is under $1 million. The penthouses are priced on their own instead.

Has median $/sq ft for standard units at Star Lofts gone up or down recently?

The 2023 median was $586 per square foot on three sales, and the 2026 figure is $430 on one, with 2025 empty. Five standard-unit sales across four years are too few to call that a change or to put a percentage on it.

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

The building’s overall record is a penthouse: $4,500,000, closed 4/9/2024, for the 4,611 sq ft PH 2, $976 per square foot. Among standard units, the current-window record is $950,000 in 2024, $596 per square foot.

Do owners at Star Lofts typically make or lose money?

Of the building’s 47 homes, 33 (70.2%) have a documented round trip, and the record splits close to evenly — 16 gained, 17 lost — a median change of -2.0% across all 33, first to last qualified sale. Among the 16 gainers, the median gain is 28.7%. Resale by resale, 17 of 19 resales that began with a 2000s purchase closed below the previous price, against 3 of 21 that began in the 2010s.

Why did some homes at Star Lofts lose money?

Five of the 11 qualified sales in 2010 and 2011 closed at $163 to $181 a square foot, well below today’s standard-unit band. Owners who bought near the 2007 peak and sold into that stretch account for several of the building’s largest losses, including one home down 55.2%.

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

Amenity details are not part of the Property Appraiser’s record, so none appear on this page. The year built, 2007, comes from the county record; the 24 stories come from the building record on this site.