# Loft 1

As of 2026-10-29, Loft 1 in Downtown has 6 units for sale at a median asking price of $305K ($381/sqft); 4 units sold in the last 12 months.

Loft 1 is a contemporary loft-style condominium located in the heart of Downtown Miami.

## Key facts

| | |
|---|---|
| Address | 234 NE 3rd St |
| Neighborhood | Downtown |
| Year built | 2005 |
| Floors | 24 |
| Units | 194 |
| Waterfront | no |
| Developer | Related Group |
| For sale | 6 |
| Pending | 1 |
| Median asking price | $305,000 |
| Median asking $/sqft | $381/sqft |
| Sold, last 12 months | 4 |
| Median sold $/sqft, 12 months | $356/sqft |
| Months of inventory | 18.0 |
| Median HOA | $885/mo |
| Parking | A secure garage is available for residents across the street for $60 per month. |

## Own Miami measures

- **own.miami Building Score: 70 (A−)**
  - Value: 100 — $381/sqft — vs. Downtown condos, then all of Miami
  - Momentum: 89 — +23.5% $/sqft over 6 months
  - Liquidity: 39 — 18.0 months of supply · 62 days on market
  - Health: 78 — Verified records on file — nothing adverse
  - Waterfront: 55 — Not waterfront
  - Age: 37 — Built 2005 — vs. Downtown buildings
- **Own Miami Condo Index: 62** (value; 100 = the market-median building, 200 = twice its $/sqft; rank 619 of 698 tracked Miami condos)
- **Financeability Index: 81** (strong; 12-month window, 2 recorded mortgages, 33% of sales bank-financed, lowest down payment 9.3%, as of 2026-10-31)
- Special-assessment outlook: watch (next structural milestone inspection due 2030)

## Building health (verified public records)

- Public records checked 2026-10-29
- positive: Bank financing — Regulated lenders recorded 2 purchase or refinance loans on this building in the last 12 months, financing 33% of its recorded sales, and accepted a down payment as low as 9.3%. A bank writing a condominium loan has just checked the building's reserves, insurance, litigation and owner-occupancy against its own standards — verified due diligence, read from the public record. Financeability Index 81/100. (2026-10-31)
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months) (2026-09-20)

## Frequently asked questions

**How much do condos at Loft 1 cost?**

There are 6 condos for sale at Loft 1, from $269,000, with a median asking price of $305,000 ($381/sqft).

**How much are the HOA fees at Loft 1?**

HOA / maintenance fees at Loft 1 run around $885 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

**When was Loft 1 built?**

Loft 1 was built in 2005, 24 stories, 194 residences.

**Who developed Loft 1?**

Loft 1 was developed by Related Group. Related Group's own.miami Developer Score is B+ across 52 buildings.

## Related pages

- [Downtown — neighborhood guide](https://own.miami/downtown)
- [All units for sale at Loft 1](https://own.miami/buildings/loft-1/for-sale)
- [Loft Downtown II](https://own.miami/buildings/loft-downtown-ii)
- [Neo Lofts](https://own.miami/buildings/neo-lofts)

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Source: Own.Miami — https://own.miami · data as of 2026-10-29
Canonical page: https://own.miami/buildings/loft-1
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
Methodology: https://own.miami/methodology · For AI assistants: https://own.miami/for-ai