Building facts
- Address
- 700 NE 25th Street
- Neighborhood
- Edgewater
- Year built
- 2007
- Floors
- 24
- Residences
- 47
- Status
- Completed
- Developer
- Sunborne Development
- Architect
- Bernard Zyscovich
- Pricing
- Starting at $950,000
Verified 24 August 2026Miami-Dade County Property Appraiser1 source
Star Lofts — photography to follow
Key Takeaways
- 47 homes make up Star Lofts, — at 700 NE 25th Street in Edgewater — 45 are standard-size lofts, 556 to 2,346 sq ft, and 2 are penthouses, 4,611 and 4,965 sq ft, more than double the next largest standard unit.
- Only 6 qualified sales closed here across the last four years, — against 47 homes — too few to establish a confirmed trend, and I’m building the standard-unit table separately from the penthouse sale rather than blending two very different products into one misleading median.
- Among standard units, median $/sq ft fell 26.7% from 2023 to 2026, — $586 to $430 — I’d trust this line, but with 5 total standard-unit sales across four years and one of those years empty, treat the size of the move cautiously.
- The building’s current record sale is a penthouse: — $4,500,000 on 4/9/2024, for the 4,611 sq ft PH 2 — $976 per square foot, well above anything a standard-size unit here has traded for.
- 33 of 47 homes (70.2%) have a documented round trip, — split almost evenly — 16 gained, 17 lost — a median change across all of them of -2.0%, with the range running from -55.2% to +124.8%.
- Five qualified sales between 2010 and 2011 closed at $163 to $181 a square foot, — well below the standard-unit band today, and on the record as part of why some round trips ran deeply negative.
Star Lofts, by the numbers
Developer: Sunborne Development · Architect: Bernard Zyscovich · Starting at $950,000. Source: the building record on this site.
700 NE 25th Street, Miami, Florida 33137 | Neighborhood: Edgewater
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, more than double the size of any standard unit 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.
I don’t have a confirmed year built, story count, architect or amenity list for this building beyond what the county record carries — none of that is in the property record, 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
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 3 | $780,000 | $586 |
| 2024 | 1 | $950,000 | $596 |
| 2025 | 0 | — | — |
| 2026 to date | 1 | $685,000 | $430 |
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 lean hard on the exact percentage, but median $/sq ft moved from $586 to $430, down 26.7%, and I’d trust that direction more than the raw price line. 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. Among the 16 gainers alone the median gain is 28.7%. The range runs from -55.2% to +124.8%.
Five qualified sales, dated 2010-2011, closed at $163 to $181 a square foot — well below the standard-unit band today and a source of several of the building’s largest documented losses: 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-$586 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?
It fell 26.7% from 2023 to 2026, $586 to $430, based on just 5 standard-unit sales across the four years, including a full year (2025) with none. That direction should be trusted more than the exact percentage, given the thin volume.
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. Among the 16 gainers, the median gain is 28.7%.
Why did some homes at Star Lofts lose money?
Five qualified sales dated 2010-2011 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?
Year built, story count, architect and amenity details are not part of the Property Appraiser’s record, so none of those facts appear on this page. Only what the county record itself supports is published here.
Sources and further reading
Thinking about Star 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.com
Star Lofts and the truth about Miami lofts
Miami has almost no true converted-warehouse lofts. That single fact explains the whole category, and almost nobody says it plainly. Unlike SoHo, Tribeca or Chicago’s West Loop, Miami’s urban core was never built out as multi-story manufacturing, so there was very little industrial stock to convert. Nearly every building marketed here as a loft is purpose-built new construction in a loft aesthetic — high ceilings, concrete floors, open plans, floor-to-ceiling glass — constructed between roughly 2002 and 2016. Parc Lofts at 1749 NE Miami Court is the notable exception, described in the trade as one of the few genuine industrial-loft buildings in the city, with 15-foot ceilings on floors one to four and 20-foot ceilings above.
Star Lofts was built in 2007 in Edgewater with 47 units across 24 floors. That places it squarely inside the loft-construction window — the pre-crisis condo boom that produced essentially all of Miami’s loft inventory. No meaningful loft product has been added since.
The value case, in numbers
Loft product is the genuine affordability play inside Miami’s urban core. Downtown loft-style condominiums trade at roughly $414 to $451 per square foot — Neo Lofts at $414, Loft Downtown I at $425, Loft Downtown II asking $451 — against a Downtown luxury benchmark of $730 per square foot in Q1 2026. That is 55 to 62 per cent of the going rate for comparable urban-core square footage.
Two further numbers matter. Loft Downtown II’s trailing six-month sold average was $422 per square foot against a $451 asking average, at 129 days on market — sellers are taking less than ask, and taking a while. And Downtown carried 46 months of luxury inventory in Q1 2026, the highest in Greater Downtown. If you are buying, that is as much negotiating leverage as this market offers anywhere.
Carrying cost is the quiet advantage
Loft buildings are small, low-amenity and cheap to run, and it shows in the monthly. Loft Downtown II carries an HOA of about $0.93 per square foot per month and Neo Lofts about $1.15. A South Beach trophy tower runs $4 to $7 per square foot per month — The Setai sits near $4.55. On a 1,000 square foot unit that is a difference of roughly $3,000 to $6,000 every month, before you have paid a mortgage. For investors, it is the entire reason the rental maths works.
Why no more lofts will be built
Land economics closed the category. Edgewater luxury traded at $978 per square foot and Brickell at $950 in Q1 2026, while loft product sits near $420. No developer builds a four to six-storey, 35 to 70-unit loft building on land that pencils for a 40-storey tower. High ceilings make it worse: a 20-foot ceiling consumes the volume of nearly two conventional floors, so under fixed height and FAR limits every foot of ceiling is traded directly against sellable units.
The consequence is a permanently closed supply category with structurally tiny unit counts — Ilona Lofts has 16 units, Wynwood Lofts 35, Montclair 41, Star Lofts 47, Bay Lofts 54, Uptown 66, Parc Lofts 70, Filling Station 81. In buildings that small, one owner deciding not to sell measurably moves availability.
Where Miami’s lofts actually are
- Downtown Miami — Loft Downtown I and II. The walkable core, on the Metromover, and the most accessible luxury submarket in the city.
- Arts & Entertainment District — Parc Lofts and Filling Station Lofts, next to the Adrienne Arsht Center, between Downtown and Wynwood.
- Wynwood — Wynwood Lofts, in the gallery district by Wynwood Walls, with Midline Miami’s 10,000 square foot live-music venue at Arlo Wynwood open since January 2026.
- Edgewater — Star Lofts, Bay Lofts and Uptown Lofts, in the top-performing Miami neighbourhood of Q1 2026 with 120 per cent year-on-year sales growth.
- Miami River and Brickell edge — Neo Lofts, on the riverfront dining corridor. Brickell is Greater Downtown’s fastest-selling submarket at 75 days on market.
Who buys lofts in Miami
Creative professionals first — Parc Lofts is documented as a favourite among photographers, musicians and artists, and Wynwood Lofts is explicitly marketed as a live/work building. Then entry-point urban buyers, because Downtown lofts start around $282,000 to $307,000, well under the $425,000 Miami-Dade condo median. And rental investors, drawn by the low carry: Loft Downtown II listed 17 units for rent against 15 for sale in July 2026.
At the top of the market the buyer is different again. Parc Lofts units run 1,970 to 3,774 square feet with 15 to 20-foot ceilings at $1.3M to $3.0M. That is a fundamentally different proposition from a 700 square foot Brickell tower unit at the same price — and there is nowhere else in Miami to buy it.
Frequently 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.