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3045 N Bay Rd
About This Property
Completed in 2026 by Hartz Development, this newly constructed architectural residence presents a refined expression of modern luxury in one of Miami Beach's most coveted neighborhoods. Set on Lower North Bay Rd, the home spans 5,965 SF of total building area, including 3,761 SF under air, and features 4 bedrooms, 4 full bathrooms, and 1 powder room across three thoughtfully designed levels. Defined by clean architectural lines, soaring ceilings, floor-to-ceiling glass, and warm natural materials, the interiors are filled with light and seamlessly connect expansive living, dining, and entertaining spaces. A sculptural chef's kitchen with dramatic natural stone, custom wood cabinetry, premium integrated appliances, and a marble waterfall island.
The upper level is anchored by a spectacular primary suite complete with a private sitting area, oversized custom dressing room, spa-inspired bath with a freestanding soaking tub, walk-in shower, dual vanities, and a private sauna. Outdoors, lush tropical landscaping frames a resort-style pool, covered terraces, a summer kitchen, and multiple spaces designed for effortless indoor-outdoor living. Perfectly positioned on prestigious North Bay Road, just moments from Sunset Harbour, world-class dining, shopping, and Miami Beach's iconic shoreline, this exceptional residence delivers timeless architecture, privacy, and an elevated lifestyle.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 2, 2026 | Listed by Compass Florida, LLC | $9,595,000 | |
| Listed by Compass Florida, LLC | |||
| Nov 16, 2023 | No longer available | - | |
| No longer available | |||
| Oct 19, 2023 | Listed by Keller Williams Realty | $3,500,000 | |
| Listed by Keller Williams Realty | |||
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This is the opportunity you have been waiting for. The perfect location on prestigious N Bay Rd. The property is 7,320 SF. The approved plans and permits are for a 4k plus adjusted SF home designed by renowned architect Juan Berry. The home features a 4 bedroom 4.5 bath, a large open living, dining, and kitchen floor plan. The master is fit for a king with a grand master bath with steam, and a large walk in closet. The outdoor living area includes a covered patio, an 11 x 35 pool, and a summer kitchen. The home boasts a two car garage, two large rooftop terraces, and an elevator. The land can be bought with plans, or the owner/builder will build to suit for $8.7. The Lot is cleared and Ready to build. Walk to Sunset Harbour, Lincoln Rd, easy access to 195 to Maimi and 41 St.
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| Feb 24, 2023 | No longer available | - | |
| No longer available | |||
| Feb 24, 2023 | Sold | ||
| Sold | |||
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About Bayshore
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017