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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 two branded new developments now 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 almost entirely 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
Market Snapshot
9
Buildings Indexed
29
Active For Sale
26
Active For Rent
41
Sales Last 12mo
$487
Avg Asking $/SF
$421
Avg Closed $/SF
New Developments

The active North Bay Village pipeline

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 →
Continuum Club & Residences

236 residences and penthouses at 1755 79th Street Causeway by Continuum Company & Aksoy Holdings, designed by Bernardo Fort-Brescia of Arquitectonica. Pre-construction, pricing upon request.

View Development →

Per the developer's official fact sheet, Continuum Club & Residences is legally developed by 1755 JFK Owner LLC and is described as the first luxury branded condo development in North Bay Village since the area's 2020 rezoning.

Building Index™ — Complete Database

All 9 North Bay Village buildings

The complete Haute Building Index™ for North Bay Village — every profiled building with live counts.

Building
Built
Units
For Sale
For Rent
Asking $/SF
360 Condos
2007
414
8
13
$433
Bayview Terraces Condos
2003
75
2
1
$429
Blue Bay Tower North
2005
35
3
1
$483
Breeze
2006
66
2
1
$362
Cielo on the Bay
2009
35
3
0
$602
Eloquence on the Bay
2009
120
4
1
$614
Space 01 Lofts
2006
54
1
4
$663
The Bridgewater
2006
118
3
2
$406
The Lexi
2007
164
3
3
$492
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.
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
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.

Condominiums & Buildings

North Bay Village's single-decade build cycle

All 9 profiled buildings in North Bay Village were built within a single six-year window — 2003 (Bayview Terraces) to 2009 (Cielo on the Bay, Eloquence on the Bay). No new residential towers followed for over a decade until Pagani Residences and Continuum Club & Residences, both now in pre-construction, arrived as the market's first new development wave. See every profiled building, live counts included, in All Buildings above ↑.

North Bay Village vs. Edgewater

One tower waiting to happen vs. a decade of towers already built

North Bay Village is a resale-dominated market: nine buildings from a single 2003-2009 construction window, and until this year, no active development pipeline. Edgewater, just across the causeway on the mainland, has spent the last decade in continuous delivery — 36 buildings including the newest 2025 tower, Aria Reserve South Tower. The North Bay Village buyer is betting on Pagani and Continuum to do for this market what a decade of towers already did for Edgewater.

Related Market
Edgewater

Bayfront high-rise towers on the mainland side, in continuous delivery since the 2010s.

Related Market
Miami Beach

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

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Compare every Haute Residence market from Miami to Palm Beach.

Intelligence & Editorial

From Haute Residence News

Pagani Residences Miami: The Complete Buyer’s Guide
Read →
Haute Perspective

North Bay Village is a resale market waiting on two buildings to change its trajectory.

For over a decade after its 2003-2009 build cycle, North Bay Village had no active development pipeline at all — a quiet, resale-only bayfront market between two better-known neighbors. Pagani Residences and Continuum Club & Residences arriving in the same pre-construction cycle is the first real signal that the market's next chapter has started.

Market Experts

North Bay Village Advisors

HL Real Estate Group advisors work across North Bay Village's established condominium buildings and its incoming Pagani Residences and Continuum Club & Residences developments.

Speak With An Advisor
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, all built between 2003 (Bayview Terraces) and 2009 (Cielo on the Bay, Eloquence on the Bay).

Is there new construction in North Bay Village?

Yes — two projects: Pagani Residences (70 residences, the automotive design house's first branded residential tower) and Continuum Club & Residences (236 residences at 1755 79th Street Causeway by Continuum Company & Aksoy Holdings), both in pre-construction.

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.