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Confidential
Case files · 11 September 2026
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Josh Stein, Miami real estate associateJosh Stein

Vilasol Lofts

Building facts

Address
7744 Collins Avenue
Neighborhood
Miami Beach
Status
Completed
Pricing
Starting at $650,000

Verified 24 August 2026Miami-Dade County Property Appraiser1 source

Sources

1 / 1

Vilasol Lofts — photography to follow

Key Takeaways

  • 20 homes make up Vilasol, — at 7744 Collins Avenue in Miami Beach’s North Shore — the declaration closes at exactly 100% on the county’s common-element share test, and all 20 folios are residential homes.
  • No qualified sales closed here in 2023 or in 2026 to date; — all 5 of the current window’s sales fall in 2024 and 2025 — too few, and too concentrated in two years, to call a confirmed trend.
  • The building’s current record sale is recent: — $612,000 on 12/11/2024, for a 1,080 sq ft home at unit 9 — $567 per square foot, just below the all-time high of $660,000 set in 2006.
  • 16 of the building’s 20 homes (80.0%) have a documented round trip, — and 15 of the 16 gained — a median gain of 30.4% over a median 15.0-year hold.
  • One home carries a 2026 assessed value of just $32,566, — against a building median of $466,900 — I can’t explain the gap from the county record, so I’m flagging it rather than folding it into any range.

7744 Collins Avenue, Miami Beach, Florida 33141 | Neighborhood: Miami Beach

Twenty Homes on Collins Avenue in North Shore

I pulled all 20 folios the Miami-Dade County Property Appraiser has on file for Vilasol at 7744 Collins Avenue, Miami Beach, FL 33141 — the county’s own neighborhood field for this address reads North Shore. The declaration closes at exactly 100.0000% on the county’s common-element share test, and all 20 folios are residential homes; there are no commercial, parking or storage folios to exclude.

The bed mix runs 4 homes (20.0%) at 1 bedroom and 16 (80.0%) at 2. Heated area runs from 772 to 1,380 square feet, median 1,103, with the building’s most common floorplate, 1,103 sq ft, alone accounting for 8 of the 20 homes, 40.0%.

On the 2026 tax roll, 19 of the 20 homes carry assessed values from $151,364 to $565,335, median $466,900. The 20th, unit 16, carries a 2026 assessed value of just $32,566 — I can’t explain that gap from the property record itself, and I’d rather flag it plainly than fold it into a range that would misrepresent the rest of the building.

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.

Five Sales, Concentrated in Two Years

YearQualified salesMedian priceMedian $/sq ft
20230
20242$528,500$557
20253$590,000$535
2026 to date0

There were no qualified sales at Vilasol in 2023 or so far in 2026. All 5 of the window’s sales fall in 2024 and 2025, at $528,500 to $612,000, $528 to $567 a foot. That’s too little, and too concentrated, to call a confirmed direction — the two years available look fairly consistent with each other, which is a mild positive sign, but I wouldn’t build a trend line out of it. Against 20 homes, five sales in four years works out to a turnover of one home in 16 each year.

The building’s current record inside this window is $612,000, closed 12/11/2024, for a 1,080 sq ft home at unit 9 — $567 per square foot. That’s just under the building’s all-time high, $660,000, set in June 2006 for a 1,380 sq ft home.

A Building Where 15 of 16 Round Trips Gained

Looking at homes bought and later resold, both legs a qualified transaction: 16 of the building’s 20 homes (80.0%) have one. 15 sold for more than the previous owner paid; just 1 sold for less. The median change across all 16 is a gain of 30.4%, over a median 15.0-year hold; among the 15 gainers alone the median gain is 33.3%. The range runs from -13.3% to +85.4%.

The building’s largest gain: an 814 sq ft home bought for $240,000 in February 2006 and sold for $445,000 in April 2024, +85.4% over 18.2 years. The single loss on record is modest by comparison: a 1,103 sq ft home bought for $450,000 in January 2006 and sold for $390,000 in September 2019, -13.3%. Five qualified sales here, from 2005 through 2010, closed at $225 to $289 a square foot — well below the building’s current band — but even including that stretch, this building’s round-trip record is unusually one-sided in favor of gains.

Who Vilasol Suits, and Who It Doesn’t

Vilasol suits a buyer who wants a small, two-bedroom-dominant building in Miami Beach’s North Shore with a strong historical track record — 15 of 16 completed round trips gained, and the two most recent years of sales are fairly consistent with each other. It also suits a buyer comfortable with limited current data, since the 2024-2025 window is the only recent evidence available.

It suits buyers badly who need a wide set of current comparables — there were no qualified sales in 2023 or so far in 2026, and the entire window rests on just 5 transactions. A buyer’s agent may also flag the one outlier assessed value on the roll, which the record doesn’t explain.

If you are selling: your best comparables are the five 2024-2025 sales, $528,500 to $612,000, and the building’s own 2006 peak of $660,000. With volume this thin, expect a longer marketing period and be ready to point to the building’s strong historical round-trip record as part of your case.

Vilasol — Frequently Asked Questions

How many homes are in Vilasol?

The Miami-Dade County Property Appraiser lists 20 folios for Vilasol at 7744 Collins Avenue, Miami Beach, FL 33141 (North Shore), and all 20 are residential homes. The declaration closes at exactly 100.0000% on the county’s common-element share test.

How many homes have sold recently at Vilasol?

Five in the last four years — two in 2024, three in 2025 — with none at all in 2023 or so far in 2026. That is too few, and too concentrated in two years, to call a confirmed direction.

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

The building’s current-window record is $612,000, closed 12/11/2024, for a 1,080 sq ft home at unit 9 — $567 per square foot, just under the building’s all-time high of $660,000, set in June 2006.

Do owners at Vilasol typically make or lose money?

Of the building’s 20 homes, 16 (80.0%) have a documented round trip, and the record is strongly positive: 15 gained, only 1 lost. The median change across all 16 is +30.4% over a median 15.0-year hold.

What is the unusual assessed value at Vilasol about?

One home, unit 16, carries a 2026 assessed value of just $32,566 against a building median of $466,900. The county record does not explain the gap, so it is reported plainly rather than folded into any range.

How often do homes turn over at Vilasol?

With five qualified sales across the last four years against 20 homes, turnover works out to one home in 16 each year.

What is not known about Vilasol 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

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Josh Stein · Florida real estate sales associate, license SL3057661 · (305) 695-8257 · hello@joshsteinrealtor.com
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Vilasol 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.

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.

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