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    North Bay Village

    Why you'd want to live in North Bay Village

    Prior to 1940, most of what is now North Bay Village lay beneath the waters of Biscayne Bay. The only dry land was Broadcast Key, a five-acre island from which pioneer radio station WIOD began broadcasting in 1926. Today, television station WSVN-TV maintains its headquarters at this same site, now joined with Treasure Island. In 1940, dredging and bulk-heading created North Bay Island. By 1941, palm-lined streets had been laid out, and 12 homes had been built and occupied. Today, the Island has grown into a lush neighborhood of attractive single-family residences. During the mid 1940’s dredging and filling created Harbor Island and Treasure Island. Harbor Island is composed primarily of multi-family buildings. Treasure Island whose street name was drawn from Robert Louis Stevenson’s classic adventure novel Treasure Island, is a mixture of single family dwellings and multifamily dwellings. Treasure Island’s streets took their names from the novel too such as Cutlass, Buccaneer, Hispanola and even Pirate’s Alley. North Bay Village was incorporated in 1945. Harbor Island and Treasure Islands were annexed several years later. Broadcast Key, also known as Cameo Island, was annexed in 1963. During its early years, North Bay Village was primarily a haven for winter residents. The city became widely known for its popular restaurants and nightclubs, which attracted celebrities like Frank Sinatra and Judy Garland. Most of today’s residents live here year-round. North Bay Village continues to be home to several of South Florida’s most popular restaurants, as well as a variety of business enterprises, apartment buildings, condominiums and 376 single-family homes. via http://www.nbvillage.com

    North Bay Village

    North Bay Village Market Report

    $557,009

    AVERAGE PRICE OF 275 HOMES

    $219,983

    AVERAGE PRICE OF 6 DISTRESSED HOMES

    $4,054,187

    AVERAGE PRICE OF 16 MULTI-MILLION DOLLAR HOMES

    $3,205,000

    AVERAGE PRICE OF 2 NEWLY BUILT HOMES

    $1,810,000

    AVERAGE PRICE OF 8 HOMES WITH A POOL

    $483,988

    AVERAGE PRICE OF 116 REDUCED PRICE HOMES

    Average Home

    Average Price $557,009
    Avg Bedrooms 2 beds
    Avg Bathrooms 2.03 baths

    Average Price by Bedrooms

    1 bedroom $196,929
    2 bedrooms $352,447
    3 bedrooms $733,018
    4 bedrooms $1,187,150
    5 bedrooms $967,571
    North Bay Village Home Price Trends
      12/2017 11/2017 10/2017 9/2017 8/2017
    Total Listings 275 279 278 295 277
    Average Price $536,977 $533,234 $540,827 $546,526 $549,345
    Avg Price Change +0.70% -1.42% -1.05% -0.52% +36.54%
    Median Price $335,871 $335,208 $337,641 $335,156 $342,676
    Med Price Change +0.20% -0.73% +0.74% -2.24% -1.40%
    Avg Bedrooms 2 beds 2 beds 2 beds 2 beds 2 beds
    Avg Bathrooms 2.01 baths 2.01 baths 2.04 baths 2.02 baths 2.01 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Market
    Miami Beach 23 $489,069 n/a
    Home Price by House Size
    Total Homes Average Price Avg Days on Market
    All Homes 275 $557,009 n/a
    Distressed Homes 6 $219,983 n/a
    Multi-Million Dollar Homes 16 $4,054,187 n/a
    Newly Built Homes 2 $3,205,000 n/a
    Homes with a Pool 8 $1,810,000 n/a
    Reduced Price Homes 116 $483,988 n/a