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Market Intelligence

North Bay Village

A small waterfront municipality on two islands between Miami Beach and the mainland, with nine established condominium buildings and one major new development, Pagani Residences, in pre-construction.

North Bay Village sits on Biscayne Bay between the 79th Street Causeway and the Kennedy Causeway, reached from Miami Beach and the mainland by both bridges. Its condominium stock dates mostly to the mid-2000s (2003-2009), with buildings clustered along East Drive, West Drive, and the bayfront edges of both islands. $487/SF average asking, $421/SF average closed, per MiamiRE/Bridge MLS.

North Bay Village waterfront condominium corridor
9
Buildings Indexed
29
Active For Sale
26
Active For Rent
41
Sales Last 12mo
$487
Avg Asking $/SF
$421
Avg Closed $/SF
New Development

Pagani Residences

North Bay Village's active pre-construction pipeline is a single project: Pagani Residences, the automotive design house's first branded residential tower, planned for the island's bayfront.

Pagani Residences

70 residences by 7940 NBV Partners LLC — the Pagani automotive design house's first branded residential development, pre-construction, pricing upon request.

View Development →
Building Index

All 9 North Bay Village buildings

MLS-connected condominium buildings across North Bay Village's two islands.
360 Condos
Built 2007 · 414 units
8 For Sale · 13 For Rent
Bayview Terraces Condos
Built 2003 · 75 units
2 For Sale · 1 For Rent
Blue Bay Tower North
Built 2005 · 35 units
3 For Sale · 1 For Rent
Breeze
Built 2006 · 66 units
2 For Sale · 1 For Rent
Cielo on the Bay
Built 2009 · 35 units
3 For Sale · 0 For Rent
Eloquence on the Bay
Built 2009 · 120 units
4 For Sale · 1 For Rent
Space 01 Lofts
Built 2006 · 54 units
1 For Sale · 4 For Rent
The Bridgewater
Built 2006 · 118 units
3 For Sale · 2 For Rent
The Lexi
Built 2007 · 164 units
3 For Sale · 3 For Rent
Live Inventory

Homes & condos for sale in North Bay Village

29 active listings across 9 MLS-connected buildings, synced 2026-09-09. Showing top 8 by price — view all.
Building / Unit
Bed/Bath
SF
Price
$/SF
DOM
SPACE 01 LOFTS #1503 & 1504
4bd/4ba
3,696 sf
$2,450,000
$663/sf
5
ELOQUENCE ON THE BAY #1604 + DEN
3bd/4ba
2,498 sf
$1,900,000
$761/sf
35
ELOQUENCE ON THE BAY #1804
4bd/4ba
2,498 sf
$1,700,000
$681/sf
50
CIELO ON THE BAY #1104
3bd/3ba
1,840 sf
$1,200,000
$652/sf
369
CIELO ON THE BAY #504
3bd/3ba
1,840 sf
$1,195,000
$649/sf
125
BLUE BAY TOWER NORTH #903
3bd/3ba
1,771 sf
$950,000
$536/sf
128
CIELO ON THE BAY #803
2bd/3ba
1,884 sf
$949,000
$504/sf
143
THE LEXI #1601
3bd/3ba
1,753 sf
$847,000
$483/sf
75
Recent Sales

Closed sales, last 12 months

41 closed sales across 9 MLS-connected buildings in the trailing 12 months. Showing top 8 by price.
Building / Unit
Bed/Bath
SF
Price
$/SF
Closed
SPACE 01 LOFTS #501
4bd/4ba
3,721 sf
$2,250,000
$605/sf
2025-12-31
BLUE BAY TOWER NORTH #PH1601
3bd/3ba
2,065 sf
$1,200,000
$581/sf
2026-04-17
SPACE 01 LOFTS #902
2bd/2ba
1,815 sf
$1,125,000
$620/sf
2025-11-20
SPACE 01 LOFTS #1101
2bd/2ba
1,906 sf
$1,025,000
$538/sf
2026-07-23
SPACE 01 LOFTS #901
3bd/2ba
1,906 sf
$880,000
$462/sf
2026-03-04
BLUE BAY TOWER NORTH #1503
3bd/3ba
1,771 sf
$800,000
$452/sf
2026-08-07
ELOQUENCE ON THE BAY #708
3bd/3ba
1,358 sf
$800,000
$589/sf
2026-07-03
THE LEXI #902
2bd/3ba
1,753 sf
$760,000
$434/sf
2026-07-17
Haute Intelligence

North Bay Village Market Intelligence

$487
Average asking $/SF
$421
Average closed $/SF
55
Total active listings
41
Closed sales, 12mo
Aggregate MLS statistics across North Bay Village's 9 MiamiRE/Bridge MLS-connected buildings. No historical trend shown until comparable prior-period data exists.
Two-Island Bayfront Living

Between Miami Beach and the mainland

North Bay Village occupies two small islands on Biscayne Bay, connected to Miami Beach and the mainland by the 79th Street Causeway and the Kennedy Causeway. Its condominium stock is almost entirely mid-2000s construction (2003-2009), with buildings arranged along East Drive, West Drive, and the causeways crossing each island. Pagani Residences, the market's first major new development in over a decade, is now in pre-construction.

Nearby Markets

Explore adjacent bayfront neighborhoods

North Bay Village sits between Miami Beach and the mainland's Edgewater corridor, both covered in full on Haute Residence.

Related Market
Edgewater

Bayfront high-rise towers on the mainland side, just across the causeway.

Related Market
Miami Beach

Miami's iconic barrier island, reached directly via causeway.

All Markets
Explore South Florida

Compare every Haute Residence market from Miami to Palm Beach.

Market Experts

North Bay Village Advisors

HL Real Estate Group advisors work across North Bay Village's established condominium buildings and the incoming Pagani Residences development.

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Evaluating North Bay Village against Edgewater or Miami Beach? Our advisors work across all Haute Residence markets.
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Frequently Asked Questions

North Bay Village, answered

How many buildings are in North Bay Village?

9 MLS-connected buildings, dating from 2003 (Bayview Terraces) to 2009 (Cielo on the Bay, Eloquence on the Bay), plus Pagani Residences now in pre-construction.

Is there new construction in North Bay Village?

Yes — Pagani Residences, a 70-residence branded tower by 7940 NBV Partners LLC, is the market's first major new development in over a decade.

How do you reach North Bay Village?

By the 79th Street Causeway or the Kennedy Causeway (JFK Causeway), both connecting to Miami Beach and the mainland.