Three new Ln(III) complexes based on 2,2'-bipyridine [Ln(hfac)3(bpy)] (Ln = Dy (1), Tb (2), or Ho (3); hfac = hexafluoroacetylacetonate; and bpy = 2,2'-bipyridine) have been synthesized and characterized structurally and magnetically. Single-crystal X-ray analysis shows that all these complexes contain one [Ln(hfac)3(bpy)] unit in which a center Ln(III) ion is surrounded with a slightly distorted square-antiprismatic LnO6N2 coordination sphere formed by three bischelate hfac anions and one bpy ligand. Both static and dynamic magnetic properties were studied for complex 1, which is proved to be a new single-ion magnet. The luminescence characterizations of complexes 1 and 2 are also studied in this paper.