Building facts
- Address
- 7728 Collins Avenue
- Neighborhood
- Miami Beach
- Status
- Completed
- Pricing
- Starting at $489,000
Verified 24 August 2026Miami-Dade County Property Appraiser1 source
Vilazul Seaside Lofts — photography to follow
Key Takeaways
- 20 homes make up Vilazul Seaside Lofts, — at 7728 Collins Avenue in Miami Beach’s North Beach — the declaration closes at exactly 100% on the county’s common-element share test, and all 20 folios are residential homes.
- Only 1 qualified sale closed here across the last four years, — on 5/15/2025 — the thinnest current-window sales record of any building profiled in this cluster so far. 2023, 2024 and 2026 to date all carry none.
- That single sale is also the building’s all-time record: — $730,000 on 5/15/2025, for a 1,418 sq ft home at unit 4 — $515 per square foot.
- 17 of the building’s 20 homes (85.0%) have a documented round trip, — 14 gained and 3 lost — a median change across all of them of +42.7%, over a median 12.7-year hold.
- The building’s largest documented gain spans nearly 19 years: — unit 4 bought for $329,900 in August 2006 and sold for $730,000 in May 2025, +121.3% — the same sale that is this page’s only current-window data point.
- The building’s three losses on record all trace to owners who bought in 2006 — and sold between 2009 and 2012, into the downturn — the largest, -32.2%, on a 6.2-year hold.
7728 Collins Avenue, Miami Beach, Florida 33141 | Neighborhood: Miami Beach
Twenty Homes in Miami Beach’s North Beach
I pulled all 20 folios the Miami-Dade County Property Appraiser has on file for Vilazul Seaside Lofts at 7728 Collins Avenue, Miami Beach, FL 33141 — the county’s own neighborhood field for this address reads Miami Beach, in the North Beach area. 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.
Eighteen of the 20 homes carry 2 bedrooms; 2 carry 1. Heated area runs from 962 to 2,155 square feet, median 1,428, with the building’s floorplates clustering around four close sizes: 1,456 sq ft (4 homes, 20.0%), and 1,428, 1,418 and 1,460 sq ft (2 homes each).
On the 2026 tax roll, assessed values run from $333,502 to $728,714 across the 20 homes, with a median of $540,085.
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.
One Sale in Four Years: What a Single Data Point Can Say
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 0 | — | — |
| 2024 | 0 | — | — |
| 2025 | 1 | $730,000 | $515 |
| 2026 to date | 0 | — | — |
There has been exactly one qualified sale at Vilazul Seaside Lofts in the last four years. Nothing closed in 2023, 2024 or so far in 2026. That one sale — $730,000, closed 5/15/2025, for a 1,418 sq ft home at unit 4, $515 per square foot — is also the building’s all-time record on the county’s file. One data point cannot establish a trend, and I’d rather say that plainly than build a table implying more than a single sale can support. Against 20 homes, that works out to a turnover of roughly one home in 80 each year — the thinnest current-window liquidity of any building profiled in this cluster so far.
Outside the current window, the next-highest sales on record are considerably lower: $660,000 in October 2022 ($474/sf) and $655,000 in March 2022 ($452/sf), both below the 2025 record’s rate per foot.
A Round-Trip Record Where Timing Explains the Range
Looking at homes bought and later resold, both legs a qualified transaction over $10,000: 17 of the building’s 20 homes (85.0%) have one. 14 sold for more than the previous owner paid, 3 sold for less. The median change across all 17 is +42.7%, over a median 12.7-year hold; among the 14 gainers alone the median gain is 46.8%. The range runs from -32.2% to +121.3%.
The building’s largest documented gain belongs to the same unit behind this page’s only current-window sale: unit 4, bought for $329,900 in August 2006 and sold for $730,000 in May 2025, +121.3% over 18.8 years. The building’s three losses all trace to owners who bought in 2006, near the building’s original sales, and sold between 2009 and 2012 into the downturn — the largest, unit 17 at 2,155 square feet, down 32.2% on a comparatively short 6.2-year hold. As with most of the buildings in this cluster, most of the original sales here cluster tightly in a single window, August and September 2006, mostly $330,000 to $360,000, and the homes that held longest since then show the largest gains.
Who Vilazul Seaside Lofts Suits, and Who It Doesn’t
Vilazul Seaside Lofts suits a buyer who wants North Beach loft inventory and is genuinely comfortable buying on very limited current data — the one sale this page can point to is also the building’s all-time record, which is a real if thin positive signal. It also suits a patient buyer, given how long most of the building’s documented gains took to materialize.
It suits buyers badly who need current comparables or a fast, data-rich negotiation. There has been exactly one qualified sale here in four years, and a buyer’s agent will have almost nothing recent to point to beyond that single transaction and the building’s 2022 sales, both below it in rate per foot.
If you are selling: your only current-window comparable is $515 a square foot from May 2025, and the next-most-recent sales sit meaningfully below that, at $452-$474 a square foot in 2022. With volume this thin, expect a longer marketing period, and be ready to make your own case to a buyer’s agent given how little recent data exists.
Vilazul Seaside Lofts — Frequently Asked Questions
How many homes are in Vilazul Seaside Lofts?
The Miami-Dade County Property Appraiser lists 20 folios for Vilazul Seaside Lofts at 7728 Collins Avenue, Miami Beach, FL 33141, all residential homes. The declaration closes at exactly 100.0000% on the county’s common-element share test.
How many homes have sold recently at Vilazul Seaside Lofts?
Only 1 in the last four years — a single sale on 5/15/2025. Nothing has closed in 2023, 2024 or so far in 2026.
What is the highest price a home has sold for at Vilazul Seaside Lofts?
The building’s current and all-time record is $730,000, closed May 2025, for a 1,418 sq ft home at unit 4 — $515 per square foot.
Do owners at Vilazul Seaside Lofts typically make or lose money?
Of the building’s 20 homes, 17 (85.0%) have a documented round trip: 14 gained, 3 lost. The median change across all 17 is +42.7% over a median 12.7-year hold.
Why did some homes at Vilazul Seaside Lofts lose money?
The building’s three losses all trace to owners who bought near the building’s 2006 original sales and sold between 2009 and 2012, into the downturn — the largest loss, -32.2%, on a 6.2-year hold.
How often do homes turn over at Vilazul Seaside Lofts?
With one qualified sale across the last four years against 20 homes, turnover works out to roughly one home in 80 each year — the thinnest current-window liquidity of any building profiled in this cluster so far.
What is not known about Vilazul Seaside 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
Interested in selling at Vilazul Seaside Lofts Miami Beach?
Learn more about selling your condo at Vilazul Seaside Lofts with Josh Stein.
Thinking about Vilazul Seaside 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
Vilazul Seaside 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.