Wynwood Lofts

Thirty-Five Homes on Wynwood’s 23rd Street

I pulled all 35 folios the Miami-Dade County Property Appraiser has on file for Wynwood Lofts at 250 NW 23rd Street, Miami, FL 33127 — inside the Wynwood Arts District. The declaration closes at 100.0003% on the county’s common-element share test, and all 35 folios are residential homes; there are no commercial, parking or storage folios to exclude.

The bed mix runs heavily to one-bedroom homes: 31 of 35 (88.6%) carry 1 bedroom, 3 carry none recorded (studios), and 1 carries 2. Heated area runs from 840 to 2,162 square feet, median 1,063, with one floorplate dominating: 1,063 sq ft accounts for 18 of the 35 homes, 51.4% of the building on its own. The largest unit, 2,162 square feet, is a combined folio — legally described as “Units 208 & 206,” carrying two separate undivided common-element shares rather than one. It has been recorded that way since shortly after the building’s original 2005–2006 sales, and every sale on that folio since is priced against the full combined footage.

On the 2026 tax roll, assessed values run from $390,416 to $885,408 across the 35 homes, with a median of $501,592.

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.

The Deepest Liquidity in This Cluster: 26 Sales in Four Years

There were no qualified sales at Wynwood Lofts in 2023. Every other building I’ve profiled in this cluster trades thinly; this one doesn’t. 26 qualified sales have closed here across the last four years — 17 of them in a single year, 2025 — a turnover of roughly one home in 5 each year, far ahead of anything else in this cluster. With that much volume behind it, median $/sq ft moving from $588 in 2024 to $840 in the six sales recorded so far in 2026, up 42.9%, is a direction I’d trust, not just a read on thin data. 2026 is an incomplete year.

The building’s current-window record is $1,800,000, closed 9/10/2025, for the 2,162 sq ft combined home described above — $833 per square foot, a rate near the top of the building’s four-year band. Separately, a $1,319,000 sale dated 8/27/2025 spans two ordinary, uncombined 1,063 sq ft homes (folios recorded consecutively in the building) and carries the county’s own “multi-parcel sale” language — I’ve excluded it from every per-square-foot figure on this page rather than divide it by one folio’s area and publish a fabricated rate.

Why Has Every Home in This Building Sold Twice?

Looking at homes bought and later resold, both legs a qualified transaction over $10,000: all 35 of the building’s homes have one — the only building in this cluster where that’s true of every home. 34 sold for more than the previous owner paid; 1 sold for less. The median change across all 35 is +213.6%, over a median 19.7-year hold; among the 34 gainers alone the median gain is 214.7%. The range runs from -2.5% to +860.0%.

The pattern behind that is visible in the dates themselves: nearly every home’s first qualified sale on record falls within a few months of each other, November 2005 through early 2006, at prices from $175,000 to $405,000 — the building’s original conversion-era sales, closing within the same short window rather than spread over years, which is typical for a converted building selling out at once. The building’s largest documented gain belongs to the combined 208/206 unit: bought for $187,500 in November 2005 and sold for $1,800,000 in September 2025, +860.0% over 19.9 years. The single loss on record is comparatively minor: a 1,463 sq ft home bought for $405,000 in November 2005 and sold for $395,000 in January 2008, -2.5%, just over two years later.

Who Wynwood Lofts Suits, and Who It Doesn’t

Wynwood Lofts suits a buyer who wants real, current liquidity in the Wynwood Arts District — 26 sales in four years, 17 in 2025 alone, means recent comparables are genuinely available here, unlike most buildings in this cluster. It also suits a buyer comfortable paying today’s price: every one of the building’s original 2005-2006 buyers who has since sold has done so at a large gain, all but one of them positive.

It suits buyers badly who are looking for a bargain relative to this building’s own recent history — median $/sq ft has risen 42.9% in roughly two years on real volume, not thin data, so there’s little evidence in the record of a softer entry point. A buyer considering the building’s largest unit should also know it’s a combined folio, originally two separate homes, not a single unit as built.

If you are selling: price off the $588-$840 four-year $/sq ft band, weighted toward the most recent sales given how quickly the number has moved. With this much recent activity, you have more comparables to work with than almost any other building in this cluster — use them.

Wynwood Lofts — Frequently Asked Questions

How many homes are in Wynwood Lofts?

The Miami-Dade County Property Appraiser lists 35 folios for Wynwood Lofts at 250 NW 23rd Street, Miami, FL 33127, all residential homes. The declaration closes at 100.0003% on the county’s common-element share test.

How liquid is Wynwood Lofts compared to other loft buildings in Miami?

Very, on the county record. 26 qualified sales closed here across the last four years — 17 of them in 2025 alone — a turnover of roughly one home in 5 each year, the deepest liquidity of any building profiled in this cluster.

Has median price per square foot at Wynwood Lofts gone up recently?

Yes. Median $/sq ft rose from $588 in 2024 to $840 in the six sales recorded so far in 2026, up 42.9%. With 26 sales behind that period, this is a well-supported direction rather than a read on thin data.

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

The building’s current-window record is $1,800,000, closed September 2025, for a combined 2,162 sq ft home — originally two separate units, 206 and 208 — $833 per square foot.

Do owners at Wynwood Lofts typically make or lose money?

Every one of the building’s 35 homes has a documented round trip on the county record — the only building in this cluster where that’s true of all of them. 34 gained, 1 lost, with a median gain of 213.6% over a median 19.7-year hold.

When were the homes at Wynwood Lofts originally sold?

Nearly every home’s first recorded qualified sale falls within a few months of each other, November 2005 through early 2006, at $175,000 to $405,000 — consistent with a converted building selling out at once rather than gradually.

What is not known about Wynwood 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.

Interested in selling at Wynwood Lofts?

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