234 NE 3rd St · Miami, FL 33132 · Downtown

Loft Downtown I

23-story tower, completed 2005, 194 residences in Downtown. 6 for sale and 5 for rent on Nov 2, 2026.

Tell me your unit and I'll prepare its value myself, from Loft Downtown I's closed sales and what is listed now. Then we talk it through.

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At a glance Loft Downtown I (234 NE 3rd St, Downtown) is a 23-story, 194-unit building completed in 2005. As of Nov 2, 2026, 6 units are for sale and 5 are for rent; the median closed price was $362 per square foot over 5 sales in the last 12 months. FEMA flood zone X. Source: Miami Assoc. of REALTORS® MLS via Bridge IDX, Miami-Dade Property Appraiser records and the FEMA flood map.

5 photos from my condo archive

For sale
6
For rent
5
Median $/SF
$3625 sales · 12 mo
Sold
5last 12 months
Built
2005
Floors
23
Residences
194county
Flood zone
XFEMA
Owner-occupied
40%
Avg. unit
839sq ft

MLS via Bridge IDX · as of Nov 2, 2026 · How these numbers are made

On the market at Loft Downtown I.

The weekly MLS snapshot, newest asks first. Each unit opens its full listing: photos, taxes, history. Or check the live feed for today's inventory.

Snapshot as of Nov 2, 2026.

Under contract 4

  • Unit 2107$3,750/mo · 2 bd
  • Unit 1703$2,650/mo · 1 bd
  • Unit 206$2,350/mo · 1 bd
  • Unit 1404$2,295/mo · 1 bd

Listings matched to this building's recorded addresses. I don't have to be the listing agent to show you any unit or to negotiate for you. Search condos in 33132

Loft Downtown I, floor by floor.

Every unit the MLS has recorded here, placed by its unit number: floors up, lines across, each column as wide as the units in it. Amber is for sale today (a unit listed both for sale and for rent is amber). Hover or tap a unit to read its record.

126 units seen · MLS via Bridge IDX · as of Nov 2, 2026
  • For sale 6
  • Under contract 4
  • For rent 4
  • Sold or leased, last 12 months 22
  • Seen in the MLS before that 90
  • No MLS record seen 63
01020304050607080922220151050102030405060708092222015105Floor 23: no unit seen in the MLSFloor 23: no unit seen in the MLSFloor 1: no unit seen in the MLSFloor 1: no unit seen in the MLS

Tap a unit to read its record here. Amber and white units open their listing page.

Units seen126of 194 residences on record
Floors with units20floors 2 to 22
Lines9stacks of units, by number

Closed $/SF by height sales in the 24 months to Nov 2, 2026

Upper floorsfloors 17 to 22$356/SF · 4 sales
Middle floorsfloors 9 to 16$416/SF · 4 sales
Lower floorsfloors 2 to 81 sale, too few for a median

Closed $/SF figures use the 9 recorded sales of these units in the 24 months to Nov 2, 2026; a median needs three. Floor, line and size are the record's. Views and orientation are not in it and are not shown.

Line 05 closed highest per square foot: a median $394/SF over 3 sales in 24 months. The largest typical unit is line 07, a median 1,185 sf over 11 units seen, recorded with 2 bedrooms.

The lines what the MLS record holds for each stack of units
LineUnits seenTypical sizeBedsOn the marketClosed $/SF · 24 mo
Line 01151,056 sf21–
Line 02131,078 sf232 sales, too few
Line 0315685 sf121 sale, too few
Line 0416784 sf121 sale, too few
Line 0515685 sf12$394 3 sales
Line 0612738 sf121 sale, too few
Line 07111,185 sf22–
Line 0814712 sf1––
Line 0915625 sf1–1 sale, too few

13 units in the record sit outside this grid (Lph 3, LPH01, LPH04, LPH05, LPH07, LPH09, UPH02, UPH03, …): penthouse, townhouse or ground-level numbers, or lines seen only once or twice.

How this is drawn: a unit's floor and line come from its MLS unit number alone (5614 is floor 56, line 14). A cell exists only where the MLS has recorded a listing, a closing or a lease; a blank means no record was seen, not that no unit exists. Column widths follow each line's median recorded living area. Pre-construction towers and buildings with a thin record have no drawing.

Floor and line from the MLS unit number; a blank cell means no record was seen. How these numbers are made

The read on Loft Downtown I.

Activity as of Nov 2, 2026
  • Resale +65%. The median closed price moved from $236/SF in 2020 (11 sales) to $389/SF in 2026 (4 sales), the first and last years with three or more recorded sales.
  • Gross rental yield 10.7%. A year of rent at the median $3.21/SF/mo (28 leases) against the median $362/SF sale (5 sales), both over 12 months, before HOA, taxes and vacancy.
  • Asks run +5% against closings. Sellers ask a median $381/SF (6 listings) against $362/SF closed (5 sales, 12 months). Asks are priced close to what actually closes here.
  • Sells in a median 78 days. Days on market across the 5 sales closed in the last 12 months.
  • A renters' building. Leases outnumbered sales 6 to 1 over the last 12 months (28 leases, 5 sales), at a median $2,350 a month.

Where it ranks citywide, condo buildings in 17 Miami neighborhoods

  • #44 of 384 · highest gross rent yield10% gross rent yield, before HOA, taxes and vacancy · n 61 · Oct 2024 to Sep 2026

See the full rankings · How rankings are made

Read the full record 4 paragraphs and 15 facts, every figure from the MLS and county record

Completed in 2005, Loft Downtown I stands 23 stories at 234 NE 3rd St in Downtown. County folio records count 194 residences plus one commercial unit, averaging 839 SF of living area. It was developed by Related Group and designed by CFE Architects. MLS and county records use the legal name The Loft Downtown Condo.

Six units were for sale on November 2, 2026, asking $269K to $395K (median ask $381/SF across 6 listings). Five sales closed between November 2, 2025 and November 2, 2026, from $200K to $390K, a median $362/SF, after a median 78 days on the market. In the 12 months before that, five sales closed at a median $397/SF, so the median fell 9%. Across 79 recorded sales since 2019, the best year by median price per square foot was 2024, at $445 over 9 sales. That 12-month median ranks 44th of the 47 Downtown buildings with at least three sales in the same window. One-bedrooms made up eight of the 10 sales in the last 24 months, at a median $270,000.

Five units were offered for rent at $2,500 to $4,400 a month. 28 leases were signed over the same 12 months, at a median $2,350 a month (range $2,000 to $3,500). Leases outnumbered sales 6 to 1 over that year, so renters are a large share of who lives here.

County records show 40% of residences as owner-occupied.

Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records and my condo archive. Blanks mean the record doesn't state it; nothing here is estimated.

The record

Address
234 NE 3rd St, Miami 33132
Neighborhood
Downtown
Developer
Related Group
Architect
CFE Architects
Front desk / mgmt
(305) 358-6768
Year built
2005
Floors
23
Residences (county-verified)
194
Commercial units
1
Owner-occupied
40% of residences
Avg. unit size
839 sq ft
Total living area
162,849 sq ft
County condo folios
195
Recorded MLS listings
318
Recorded as
The Loft Downtown Condo

The numbers at Loft Downtown I.

Every sale and lease the MLS has recorded at this address, sales first.

MLS via Bridge IDX · as of Nov 2, 2026

Median $/SF by year closed

Every recorded sale at this address, 2019 to 2026. Count in the tooltip.

$223$445$2192019$2362020$2862021$4382022$4342023$4452024$3792025$3892026$223$445$219'19'20$286'21'22'23$445'24'25$389'26

Pale bars: fewer than three sales that year, so the bar is the sale itself or the average of two, too few for a median.

Year by year, every recorded closing
YearSalesMedian $/SFLeasesMedian rent
2026 (to date)4$38927$2,300/mo
20255$37937$2,300/mo
20249$44530$2,550/mo
20237$43431$2,350/mo
202214$43826$2,500/mo
202128$28637$1,900/mo
202011$23631$1,675/mo
20191$219*6$1,725/mo

* Fewer than three closings that year: the figure is the closing itself or the average of two, too few for a median.

Own here? See how the building moved since you bought.

Median closed $/SF in 2020: $236 (11 sales). In the last 12 months: $362 (5 sales). Change: +53%.

This is the building's movement, not your unit's value. Floor, view, line and condition move a unit's price more than the building does. Only years with three or more recorded sales are listed.

Get your unit's value →
Show all closings 79 sales · 225 leases on record since 2019

Closed sales Nov 2, 2024 to Nov 2, 2026 · 10

UnitBDBASFAskedClosed$/SFClose dateDOM
UPH0911625$275,000$260,000$416Oct 23, 202678
90911625$289,000$270,000$432Sep 30, 202610
2202221,078$409,900$390,000$362Sep 21, 2026431
220611738$275,000$259,000$351Feb 26, 2026220
180511685$249,000$200,000$292Nov 14, 202536
110511685$295,000$274,000$400Oct 20, 202552
100222–$448,000$420,000–May 16, 202551
60411784$310,000$285,000$364Apr 29, 20258
220511685$290,000$270,000$394Apr 11, 2025154
100311685$305,000$300,000$438Dec 16, 2024173

Leases signed Nov 2, 2025 to Nov 2, 2026 · 28

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
160311685$2,200/mo$2,200/mo$3.21Oct 15, 202658
120811712$2,200/mo$2,100/mo$2.95Sep 28, 2026118
Uph0611738$2,495/mo$2,400/mo$3.25Sep 25, 2026103
UPH0311685$2,400/mo$2,200/mo$3.21Sep 22, 202657
30511685$2,150/mo$2,150/mo$3.14Sep 4, 202658
507221,185$3,200/mo$3,050/mo$2.57Aug 11, 202637
90811712$2,145/mo$2,145/mo$3.01Jul 27, 2026133
1901221,056$3,400/mo$3,400/mo$3.22Jul 21, 20269
70311685$2,450/mo$2,400/mo$3.50Jul 14, 202671
180511685$2,500/mo$2,600/mo$3.80Jun 15, 2026140
190811712$2,450/mo$2,450/mo$3.44Jun 10, 20266
1201221,056$3,200/mo$3,100/mo$2.94May 15, 202660
20411784$2,200/mo$2,100/mo$2.68May 9, 20266
1001221,056$3,200/mo$3,100/mo$2.94May 8, 202610
LPH0511685$2,250/mo$2,200/mo$3.21Apr 15, 202685

The 15 most recent of 28.

Data: Miami Assoc. of REALTORS® MLS via Bridge IDX, as of Nov 2, 2026. Listings matched to this building's recorded addresses; pending includes under-contract. Closed listings shown as records only, no photos. Blanks mean the record doesn't state it. How these numbers are made

The file on Loft Downtown I.

The rules on record, the documents in my files, the two Florida checks every buyer should run, and the buildings around it. Each card opens.

FEMA flood zone

X

Outside FEMA's Special Flood Hazard Area. Flood insurance is optional, and still worth pricing.

What the zone means
  • Minimal flood hazard on FEMA's current map.
  • The zone is a map line, not a premium. Ask the association for its master flood policy, and get a flood quote for the specific unit before you commit.

FEMA National Flood Hazard Layer, checked at the building's mapped location on Oct 12, 2026. Open the official map ↗

Milestone structural inspection

Due 2035

Due by statute by December 31, 2035, 30 years after 2005, then every 10 years.

What the deadline means
  • Miami-Dade sets 25 years for condo buildings within three miles of the coastline, which would be December 31, 2030.
  • Based on year built 2005 (county record). The statute counts from the certificate of occupancy date, which can differ.
  • The association must give every owner the inspector's summary. Ask for it, and for the structural integrity reserve study, before you commit.

Fla. Stat. § 553.899(3) ↗ and Miami-Dade recertification ↗, read Oct 9, 2026. What the deadline means for buyers

Nearby

Around Loft Downtown I

5 more nearby

Compare with the two nearest →Every Downtown building →Distances are straight-line. Building data from Miami Assoc. of REALTORS® MLS records via Bridge IDX.

Own here, or looking here

Owners: tell me your unit and I'll prepare its value myself. Buyers and renters: I'll tell you when a unit here lists or sells. Either way it starts a conversation with me, not a mailing list.

Own here?

Get your unit's value

Tell me your unit and I'll prepare its value myself, from Loft Downtown I's closed sales and what is listed now. Then we talk it through.

Phone or email. One is enough.

Thinking about

Goes to Enrique only. No mailing list.

Looking here?

Get alerts when a unit lists or sells

When a unit at Loft Downtown I lists or sells, I'll let you know. I send these myself, not a robot.

Phone or email. One is enough.

Alerts for

Goes to Enrique only. No mailing list.

Enrique Ponte Ojeda on a balcony overlooking the water in Miami
I read the building before you buy or sell a unit in it.Closed history, the association's rules, what is really for sale and what it should trade at. Then we talk.
Enrique Ponte Ojeda
Licensed Florida Real Estate Agent · Carmona Realty Group