Development Spotlight: Tula Residences North Bay Village

Few emerging waterfront communities in South Florida are experiencing as much transformation as North Bay Village. Positioned between Miami and Miami Beach, the three-island community is quickly evolving into one of the region's next luxury residential destinations, attracting a new generation of boutique waterfront developments.

Among the projects helping define that evolution is Tula Residences, a refined collection of just 54 luxury homes overlooking Biscayne Bay. Developed by Bayshore Grove Capital in partnership with Pacific & Orient Properties, the 21-story tower combines contemporary architecture, expansive corner residences, and wellness-focused amenities within an intimate waterfront setting. As construction progresses, Tula represents both the resurgence of a long-anticipated project and the continued emergence of North Bay Village as one of South Florida's most compelling luxury real estate markets. The tower is already under construction with an expected completion in 2027.

Project Overview

As North Bay Village enters a new era of waterfront redevelopment, Tula Residences is helping define its future. Rising directly on Biscayne Bay at 7918 West Drive, the boutique condominium introduces 54 luxury residences within a thoughtfully designed 21-story tower that blends privacy, architecture, and wellness-focused living.

Developed by Bayshore Grove Capital in partnership with Pacific & Orient Properties, Tula is one of the first new luxury condominium developments to move forward in North Bay Village in more than a decade. With construction actively underway, the project represents an important milestone in the transformation of the three-island community into one of South Florida's emerging luxury waterfront destinations.

Why It Matters

North Bay Village has quietly become one of South Florida's most closely watched redevelopment markets. Positioned between Miami and Miami Beach, the island community offers waterfront living with exceptional accessibility while remaining significantly more intimate than many neighboring luxury markets.

Tula arrives at a pivotal moment for the neighborhood, introducing boutique-scale luxury residences that emphasize spacious floor plans, expansive outdoor living, and panoramic Biscayne Bay views. As one of the first new condominium developments to advance during the area's renaissance, the project is helping establish a new benchmark for residential design and quality in North Bay Village.

Architecture & Design

Designed by M77R (Matter), Tula embraces contemporary waterfront architecture through soft curves, expansive glass, and sculptural wraparound terraces that maximize views from every residence.

The building's distinctive "corner-only" floor plan ensures abundant natural light and panoramic exposures throughout while creating a more private residential experience with only four residences per typical floor.

Interiors by Shannon Farrell Design feature warm natural materials, refined detailing, and an understated palette inspired by coastal living. Kitchens showcase marble countertops and backsplashes, bespoke millwork, and fully integrated Miele appliances, while primary bathrooms feature sculptural stone finishes, custom vanities, and spa-inspired detailing.

Residences

Tula offers an exclusive collection of just 54 residences, including six penthouses occupying the tower's upper levels. Pricing starts at $1.9 million with sales overseen by Brown Harris Stevens.

Residence highlights include:

• Two-bedroom, two-bedroom plus den, and three-bedroom residences

• Approximately 1,590 to 2,440 square feet

• Six penthouses ranging from approximately 3,700 to 4,140 square feet

• All residences are corner homes

• Expansive wraparound glass terraces

• 10-foot ceilings

• Floor-to-ceiling windows

• Custom European flooring

• Fully integrated Miele appliance packages

• Walk-in laundry rooms

• Panoramic Biscayne Bay, city and ocean views where available

Amenities

Designed around wellness and everyday waterfront living, Tula's amenity collection balances relaxation, entertainment, and hospitality.

Amenities include:

• Resort-style waterfront pool with landscaped deck and private cabanas

• Grand lobby with 24-hour concierge

• Residents' lounge overlooking Biscayne Bay

• Private dining room with warming kitchen

• State-of-the-art fitness center

• Wellness center

• Media room

• Dog spa

• Bayfront promenade access

• Skyline club room and gathering spaces

Location

Located at 7918 West Drive on Harbor Island, Tula enjoys a prime waterfront setting in North Bay Village with direct Biscayne Bay frontage.

Residents are minutes from Miami Beach, Bal Harbour, the Design District, Midtown Miami, Wynwood, Downtown Miami, and Miami International Airport while enjoying a quieter residential setting that has become increasingly attractive to luxury buyers seeking waterfront living with convenient regional access.

Team

Tula Residences is developed by Bayshore Grove Capital, led by Vivian Dimond, in partnership with Pacific & Orient Properties. The project represents the revitalization of a previously stalled development and reflects Bayshore Grove Capital's vision of delivering a boutique luxury waterfront community that complements North Bay Village's ongoing evolution.

Tula Residences features architecture by M77R (Matter), interiors by Shannon Farrell Design, and landscape architecture by H.L. Martin Landscape Architects. Exclusive sales are led by Brown Harris Stevens Development Sales.

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Renderings via Bloom Images

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Miami Heat Star Tyler Herro Buys Pinecrest Mansion For Record $10.5 Million

Miami Heat star Tyler Herro has purchased the most expensive home on record in Pinecrest for $10.5 million. Located at 12900 SW 63rd Avenue, the transaction closed on December 28th and represents the highest price achieved to date in Pinecrest according to MLS data. Only eight other properties in Pinecrest have sold for $8 million or above.

Josie Wang of Brown Harris Stevens Miami was the exclusive listing agent representing the sellers in this transaction. In October, 2021 Josie represented both the buyer and seller on this same property which closed for $5.3 Million while the home was still under construction. After the closing, the Buyer spared no expense to further create one of the most extraordinary homes ever built in Pinecrest.

Recognized as the true gem of Pinecrest, the single-family home was built in 2021 and spans 9,505 interior square feet. It features 8 bedrooms, 8.5 bathrooms. The resort style masterpiece blends modern design, extraordinary craftsmanship and blends modern design with Balinese inspired architecture. The property’s natural marble, stone and wood were sourced from around the world, including rare materials from Brazil and Italy. Floor to ceiling glass windows throughout bring the outdoors in, showcasing hundreds of thousands of dollars of opulent, lush tropical landscaping. Along with a huge primary suite, the new owner will enjoy a wine cellar, media room and summer kitchen.

“Pinecrest is an incredibly desirable destination for luxury home buyers and this home is truly the area’s crown jewel. The location offers proximity to Miami’s finest attractions, including marinas, top schools, dining, shopping and parks. The home is unrivaled in its design, craftsmanship and custom, top of the line finishes from lighting to millwork.” Said Josie Wang, Brown Harris Stevens Miami.

Images via Josie Wang, Brown Harris Stevens Miami

Tour A Lavish Waterfront Coconut Grove Estate In The Exclusive Camp Biscayne That Just Sold For $19 Million

A lavish waterfront estate in Coconut Grove has sold for $19 million, just 33 days after hitting the market. 3503 Main Lodge Drive is one of only 18 homes in the prestigious, private guard gated community of Camp Biscayne. The rare property is situated on a 44,334 SF lot overlooking the sparkling waters of Biscayne Bay. The home was listed with Toni Schrager of Brown Harris Stevens Miami and Judith Werner and Arielle Werner of Bold Miami represented the buyer.

The home itself is a 14,000 SF estate inspired by the historic grand coastal villas of Spain. It currently consists of 6 bedrooms, 6 bathrooms and 2 half bathrooms but the list agent Schrager predicts it will likely be extensively renovated or torn down to make way for a new build. Among the property’s many luxe highlights are a private white sand beach that spans 100’ as well as dock and seawall providing 200’ of protected dockage.

Coconut Grove has been a hot neighborhood for ultra-luxury real estate deals. The sale of 3503 Main Lodge Drive is the latest example demonstrating intense demand among buyers for homes in Coconut Grove as new restaurants, retail and lifestyle attractions open and are announced regularly. Related Group's Jorge Pérez recently sold his waterfront Coconut Grove estate for $33 million to a cannabis executive. The Miami-Dade record for most expensive home was broken with the currently under construction 3488 Saint Gaudens Road in Coconut Grove selling for a record $65 million. Jorge Mas sold his waterfront home known as Casa Bahia at 3085 Munroe Drive for $45.91 million and in June 2021 private equity investor Nathan Leight of Terrapin Partners sold 3500 and 3535 Curtis Lane for $48 million.

Ultra-Luxe Condo At One Thousand Museum Sells For $7.2 Million In Cryptocurrency Ethereum

Crypto sales in Miami continue to become more mainstream as the city continues to make itself a Crypto City and emerging tech hub. Unit 2202 at One Thousand Museum by Zaha Hadid Architects has sold for $7.2 million in the cryptocurrency Ethereum, becoming the most expensive crypto currency real estate purchase to date in the City of Miami. It is also second most expensive in Miami-Dade County behind a penthouse at Arte Surfside that sold last month for $22.5 million. Keith Marks and Sonia Toth of The Keith & Sonia Team at Brown Harris Stevens were the exclusive listing agents. Zachary Oppenheim and Madison Roberts of Oppenheim Realty brought the buyer.

The 4 bedroom 5.5 bathroom northeast corner unit spans 4,600 SF. The residence offers far reaching views of Biscayne Bay and Miami Beach and overlooks cultural landmarks including Perez Art Museum Miami (PAMM) and Phillip and Patricia Frost Museum of Science. The residence also features spacious balconies and the finest attention to detail and state of the art appliances and lighting, including Poliform, Gaggenau, SubZero, Dornbracht, Petzgold and Creston.

One Thousand Museum is regarded as the essence of unprecedented fusion of art, architecture, design and location within Downtown Miami. Designed by famed architect Zaha Hadid, the building is home to the highest helipad in the US other than Los Angeles. Celebrity residents include David and Victoria Beckham.

Cryptocurrency has emerged as a viable form of payment for real estate and Miami has been at the cornerstone of crypto becoming mainstream. Miami is quickly becoming a cryptocurrency and blockchain hub led by Mayor Francis Suarez. Arte by Antonio Citterio in Surfside became the first new construction project to accept cryptocurrency for real estate followed by E11EVEN Hotel & Residences. A unit would later sell for a record $22.5 million in cryptocurrency at Arte.

For a background on cryptocurrency and blockchain and its application to real estate check out the PROFILE Insider: The Crypto Revolution Versus The Evolution of Blockchain Part 1.

Images via Brown Harris Stevens

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Tour A One-Of-A-Kind Sky Mansion Triplex Which Just Sold For $30 Million At Continuum South Beach

A one-of-a-kind, combined three unit “Sky Mansion” condo at Continuum South Beach in Miami Beach’s exclusive South-of-Fifth neighborhood has sold for $30 million. Unit 3602-3604 in Continuum South was listed on the market just 52 days before selling for a record most expensive price per square foot in the building at roughly $3,645 PSF. The residence is also the fourth most expensive condo ever sold in Miami Beach. The sale follows a trend of closings of large, luxury condos in Miami and follows the sale of Continuum developer Bruce Eichner's own unit in April for $35 million.

The triplex in Continuum South spans three combined units on 36th floor resulting in 8,229 SF with an additional 3,704 SF of outdoor balconies. The residences offers 6 bedrooms and 5.5 bathrooms with a two-story master suite, two kitchens and a theater. The home also features 300-degree views and two story windows with luxurious custom design and finishes throughout.

The residence was listed with Sheila Michelle Rojas of Brown Harris Stevens and Constantin Gorges of Compass. Talita Pinheiro of Compass represented the buyer.

The sellers, William M. Osborne III and Karen H. Bechtel, are former Morgan Stanley Managing Directors, art collectors and philanthropists. While living in the home during Covid-19 the couple established Meals for Heroes, a non-profit to provide hospital emergency rooms and ICUs, EMS and first responder teams, and mobile testing centers with dinner cooked and prepared by local Miami restaurants and caterers.

Photography by Jerome Louden / Courtesy of Sheila Michelle Rojas / Brown Harris Stevens Miami

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Tour This Record Breaking Altos Del Mar Beachfront Compound Which Just Sold For $37.5 Million In Miami Beach

A one-of-a-kind compound in Miami Beach’s exclusive beachfront Altos Del Mar neighborhood just sold for a record $37.5 million. The combined sale of 7709 Atlantic Way, and the vacant lot next door creates the only double lot in the exclusive gated community. 7709 Atlantic Way sold for the full asking price of $25.5 million, $3,865 PSF which is a record-breaking sale for the area. The adjacent vacant 16,000 SF lot sold for $12 million.

Ruthie and Ethan Assouline with The Assouline Team at Compass represented the seller and designers of the home, South African brothers, Ivan and Moss Kadey. Morgan Blittner with Brown Harris Stevens represented the buyer, Victor Ciardelli, the CEO of Guaranteed Rate.

The 6-bedroom, 5.5 bath residence spans 6,758 SF of interior space with features including a top-level master suite offering breathtaking views via Eastern and Southern exposure, and a TV that floats down from the ceiling. Finishes include custom Porro closets, Boffi bathrooms, Valli Valli door fixtures, Savant smart home system, elevator with custom mesh walls, dedicated office, guest room, laundry room, rooftop deck with 360-degree views and an embedded steel jacuzzi.

Other lavish features of the home include include a fully equipped first level retreat with home theater, spa & steam room, cold plunge, sauna, & Technofit gym.

Outdoors features an expansive entertaining deck with a summer kitchen, cabana, oceanfront garden and pool with a 60’ swim lane.

7709 Atlantic Way was designed as a collaboration between two South African brothers, architect and acoustic designer Ivan Kadey and businessman Moss Kadey. Construction was overseen by Haute & Boss.

As the only direct beachfront single-family home community in all of Miami Beach, the gated and ultra-private Altos Del Mar is comprised of just 24 homes with 24-hour private security and park connectivity to luxury enclaves including the Four Seasons Surf Club, the St. Regis and Bal Harbour Shops.

Images via LPG for The Assouline Team

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Luxe Miami Four Seasons Penthouse To Be Auctioned At No Reserve

Penthouse 70BCD at the Four Seasons Private Residences in Miami’s Brickell neighborhood will be sold by Platinum Luxury Auctions at a Luxury Auction without reserve on January 29th at 7p.m. EST. The penthouse was previously listed at $15M. The custom home is approximately 5,800 sq.ft. and a combination of 3 units which was done during initial construction and occupies half the building’s top floor. Penthouse 70BCD features ample space for art lovers to display paintings and sculptures, two private balconies with floor-to-ceiling windows, ocean views, a media entertainment area, temperature-controlled wine refrigerators and a floating onyx wet bar with panoramic water views. More than $1M has also been invested in custom woodwork and wood window frames. The home also includes 6 nationwide Equinox memberships with a facility on the property.

Four Season’s Private Residences features a private entrance separate from the hotel. A residents elevator opens up directly into a private foyer with double doors that open into the Penthouse. Penthouse 70BCD is one of the highest penthouses in Miami and located in the second-tallest buildings in Florida. The auction will take place live with in-person bidding on-site along with remote bidding available. The listing brokerage of record is Brown Harris Stevens Miami and the listing agent of record is Techrin Hijazi. The Four Season Private Residences is located at 1425 Brickell Ave in Miami, Florida.

Zach Vella Buys Waterfront Development Lots On Venetian Islands For Record $15 Million

Celebrity developer Zach Vella has acquired two adjacent waterfront development lots on Miami’s Venetian Islands for his private residence in Miami. Vella paid $15.2 million for 228 and 302 West Dilido Drive, a dirt value of $688 per square foot, which surpasses the Venetian Islands’ record land sale which was previously $6.5 million for 412 West Dilido Drive set in 2016. Jim Agard of Vendôme Capital represented the seller and Natalia Gryczynska of Brown Harris Stevens represented the buyer.

The seller was Lionel Masson, the founder of Pharmacies Lafayette in France, who had planned two spec homes on the site. Masson initially acquired the properties in 2018 for $11.5 million and demolished two homes on the site. Vella is the founder and CEO of the Los Angeles and New York City-based real estate development firm Vella Group, and is also a managing board member of Miami’s Magic City Innovation District.

Shay Kostiner Sells 44 Star Island Lot For $10 Million

Shay Kostiner, managing director of Fifth Avenue Capital Partners, has sold his vacant lot at 44 Star Island for $10 million to Hartstone Investments. Techrin Hijazi of Brown Harris Stevens, who had previously co-listed the property, represented the buyer and seller in the transaction. The pie shaped lot covers 1.1 acres with 209’ of waterfront. The transaction includes plans for a 27,000 SF mansion with 9 bedrooms and an 8 car garage designed by DOMO Architecture and Design. Kostiner first acquired the property in 2010 for $7.25 million and was met with backlash when he went to demolish the vintage monterey style estate before gaining approvals. He first listed the property for $24 million in 2016.

Check Out This Choeff Levy Fischman-Designed Palm Island Mansion Which Just Sold For $24.57 Million

73 Palm Ave. located on Miami Beach’s prestigious Palm Island and designed by Choeff Levy Fischman, has been sold for $24.57 million. The tropical modern mansion offers 9-bedroom and 10.5-bathrooms spread over 14,200 SF with a large rooftop terrace and water views. The home was listed with Mirce Curkoski and Albert Justo of ONE Sotheby’s International Realty and the buyers agent was Jeff Miller of Brown Harris Stevens.

The home was designed by Raphael Levy and Ralph Choeff of Choeff Levy Fischman Architecture + Design with indoor-outdoor living through vast opening sliding glass doors and wide-open interior and exterior spaces that blur the separation between interior and exterior environments. The architects also designed a cascading water feature located before you enter the home that empties into a reflecting pond that has stepping-stones over it so it appears as if you’re walking on water. Other features include a floating three-story stairs off the entry that create a sculptural feel and vertical wood elements throughout the homes interior and exterior.

The interiors were designed by Charlotte Dunagan and Philippe Harari and furnished throughout with Minotti and Poliform, amongst others. 73 Palm features a custom Italian kitchen, home theater, wine cellar, vast open living areas and a private elevator. The large master suite is one of the highlights of the house with water views, a large terrace with private hot tub, and a master bath that features a shower and tub area that appears to be floating in the master bath with full visual connection to an exterior bamboo garden giving that area light and privacy.

Outside the grounds are stunningly landscaped by Mauricio Del Valle with over 100’ of water-frontage, a gazebo with summer kitchen and multiple sitting areas. A waterfront infinity edge pool flows into shallow water that becomes a reflecting pond that wraps around an island that has lounge seating .The shallow water continues to the rear slider at the interior lounge to make it appear as if the water enters the interior of the residence once the sliders are fully open.

73 Palm is also full of sustainable green features including very high SEER air-conditioning units, large vast opening sliding doors, LED lighting, insulated glass and lots of glass for natural light in order to eliminate turning on the lights in many areas during the daytime. The home is also outfitted with a Creston automated smart home system.

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