Building facts
- Address
- 3029 NE 188th Street
- Neighborhood
- Aventura
- Year built
- 2006
- Floors
- 11
- Residences
- 216
- Status
- Completed
- Developer
- Shefaor Development
- Architect
- Kobi Karp
- Pricing
- Starting at $410,000
Verified 24 August 2026Miami-Dade County Property Appraiser1 source
Uptown Marina Lofts — photography to follow
Key Takeaways
- 216 homes make up Uptown Marina Lofts, — at 3029 NE 188th Street in Aventura — the declaration closes complete on the county’s common-element share test, and all 216 folios are residential homes.
- Median $/sq ft fell 7.4% from 2023 to 2026, — while median price fell further, 18.0% — on real volume, 33 qualified sales across the four years.
- The building’s current record sale is recent: — $720,000 on 8/4/2023, for a 1,362 sq ft home at unit 1121 — $529 per square foot.
- More than two-thirds of this building’s completed round trips lost money: — 114 of 169 (67.5%), against just 53 that gained (31.4%) and 2 identical — a median change across all of them of -13.8%.
- The building’s highest-priced early sales all closed within one 14-month stretch, — November 2006 through 2007, ranging $725,000 to $950,000 — a level this building’s current four-year record, $720,000, still sits just under.
- Five qualified sales between 2009 and 2011 closed at $125 to $169 a square foot, — roughly a third of the building’s current rate per foot, and on the record as the source of most of the building’s losing round trips.
Uptown Marina Lofts, by the numbers
Developer: Shefaor Development · Architect: Kobi Karp · Starting at $410,000. Source: the building record on this site.
3029 NE 188th Street, Aventura, Florida 33180 | Neighborhood: Aventura
Two Hundred Sixteen Homes on Aventura’s Marina
I pulled all 218 folios the Miami-Dade County Property Appraiser has on file for Uptown Marina Lofts at 3029 NE 188th Street, Aventura, FL 33180. The declaration closes at 100.0016% on the county’s common-element share test, effectively complete. All 216 residential folios are homes; there are no commercial, parking or storage folios to exclude.
The bed mix runs close to even between two types: 107 homes (49.5%) carry 1 bedroom and 106 (49.1%) carry 2, with 3 (1.4%) recorded with none. Heated area runs from 816 to 1,378 square feet, median 980. Four floorplates account for nearly the entire building: 816 sq ft (107 homes, 49.5%, the building’s single most common size), 1,362 sq ft (52, 24.1%), 1,204 sq ft (36, 16.7%) and 1,378 sq ft (18, 8.3%) — together 213 of 216 homes, 98.6%.
On the 2026 tax roll, assessed values run from $155,258 to $468,454 across the 216 homes, with a median of $316,764.
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.
Price Down 18.0%, $/Sq Ft Down 7.4%, on Real Volume
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 12 | $577,000 | $476 |
| 2024 | 8 | $435,000 | $508 |
| 2025 | 9 | $385,000 | $453 |
| 2026 to date | 4 | $473,000 | $440 |
33 qualified sales closed across the four years, real volume for a building this size — 8 to 12 sales in every year but 2026 to date. Median price fell 18.0%, $577,000 to $473,000; median $/sq ft fell a smaller 7.4%, $476 to $440. I’d trust the $/sq ft line as the more accurate read of value, since it’s less exposed to which specific floorplate happened to sell in a given year, but with the price line falling further, both point the same direction: softer. Against 216 homes, that’s a turnover of one home in 26 each year. 2026 is an incomplete year.
The building’s current record inside this window is $720,000, closed 8/4/2023, for a 1,362 sq ft home at unit 1121 — $529 per square foot. The four-year $/sq ft band runs $374 to $760, median $472.
Why More Than Two-Thirds of This Building’s Round Trips Lost Money
Looking at homes bought and later resold, both legs a qualified transaction: 169 of the building’s 216 homes (78.2%) have one. Unlike most buildings in this cluster, a clear majority did not gain: 114 (67.5%) sold for less than the previous owner paid, against 53 (31.4%) that sold for more, and 2 identical. The median change across all 169 is -13.8%, over a median 13.0-year hold; among the 53 gainers alone the median gain is 16.4%. The range runs from -65.7% to +72.5%.
The record explains why. Uptown Marina Lofts closed 230 of its 506 all-time qualified sales in 2006-2007 alone — the vast majority of its early activity concentrated in the same short pre-crash window, with prices spread across a wide range depending on floorplate. The building’s highest-priced sales from that stretch, 20 of them, ran $725,000 to $950,000 — a level the current four-year record, $720,000, still sits just under, sixteen-plus years later. Five qualified sales here, dated 2009-2011, closed at $125 to $169 a square foot, roughly a third of today’s rate per foot, and they mark where a large share of this building’s buyers sold at a steep loss: a 1,362 sq ft home bought for $495,000 in 2006 sold for $170,000 in 2011, -65.7%; a 1,362 sq ft home bought for $740,000 in 2007 sold for $265,000 in 2012, -64.2%. This building sold heavily at a single pre-crash peak, and most of the sellers who came after paid the price for it.
Who Uptown Marina Lofts Suits, and Who It Doesn’t
Uptown Marina Lofts suits a value-focused buyer in Aventura — the current $374-$760 four-year $/sq ft band and $155,258-$468,454 assessed range sit well below where this building traded at its 2006-2007 peak, and four dominant floorplates make comparables straightforward. It can also suit a patient long-hold buyer: the 53 owners who did gain held a median of years and still came out ahead.
It suits buyers badly who assume a marina-adjacent building is a safe long-term hold without qualification — the record here is unusually one-sided: more than two-thirds of completed round trips lost money, concentrated among owners who bought at the 2006-2007 peak. A buyer’s agent shopping this building against others in the area will likely raise that history.
If you are selling: price off the $374-$760 four-year $/sq ft band and your specific floorplate rather than the building’s 2006-2007 prices, which this building has not matched since. With volume real but moderate, expect informed buyers, and be ready to address the building’s crash-era record directly — it’s on the file.
Uptown Marina Lofts — Frequently Asked Questions
How many homes are in Uptown Marina Lofts?
The Miami-Dade County Property Appraiser records 216 residential condominium homes at 3029 NE 188th Street, Aventura.
Are prices at Uptown Marina Lofts rising or falling?
Median $/sq ft fell 7.4% over the last four years, and median price fell further, 18.0% — on real volume, 33 qualified sales across the four years. I’d trust the $/sq ft line as the steadier read, though both point the same direction.
What is the highest recent price paid at Uptown Marina Lofts?
$720,000, closed 8/4/2023, for a 1,362 sq ft home at unit 1121 — $529 per square foot, the building’s current record inside the last four years, and still below the building’s 2006-2007 peak prices.
How often do homes sell at Uptown Marina Lofts?
About one home in 26 changes hands each year, based on 33 qualified sales across the last four years.
Is Uptown Marina Lofts a good investment historically?
The record is mostly negative. 169 of the building’s 216 homes have a documented round trip: 114 (67.5%) sold for less than the previous owner paid, 53 (31.4%) sold for more, and 2 at an identical price — a median change across all 169 of -13.8%. Most of the losses trace to owners who bought at the building’s 2006-2007 peak.
Did Uptown Marina Lofts have a rough stretch after the 2008 crash?
Yes, on the record: five qualified sales, dated 2009-2011, closed at $125-$169 a square foot, roughly a third of the building’s current rate per foot.
What floorplates does Uptown Marina Lofts have?
Four floorplates account for 98.6% of the building: 816 square feet (107 homes, the most common size), 1,362 square feet (52 homes), 1,204 square feet (36 homes) and 1,378 square feet (18 homes).
Sources and further reading
Interested in selling in Uptown Marina Lofts?
Learn more about selling your condo in Uptown Marina Lofts with Josh Stein.
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Thinking about Uptown Marina 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.comRelated coverage
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