+18 more
$240K
North Bay Village Condo Unit 329
1801 Treasure Dr, Unit 329 • North Bay Village, FL 33141
About This Unit
Welcome to North Bay Village living at its finest! This updated and spacious 2BR/2BA condo offers a prime opportunity to own in one of Miami’s fastest-growing waterfront communities. Featuring an open layout, modern finishes, and access to amenities including a pool, and gym. Ideally located near parks, schools, the beach, and the JFK Causeway—perfect for families, professionals, or investors. The area is rapidly transforming with the upcoming Sunbeam mixed-use development, and new luxury residences, retail.
Pricing at North Bay Village Condo — $267/sqft
At $267/sqft, North Bay Village Condo Unit 329 is priced near the building's median — solidly mid-market for this floor plan.
North Bay Village Condo Unit 329 vs Active Listings at North Bay Village Condo: This condo is +2.2% higher (+$6/more per sqft) than the building's active 2BR median of $261/sqft, based on 4 active 2BRs.
Rank: This unit's $/sqft is higher than 50% of currently-active 2BR units at North Bay Village Condo (sample of 4).
Based on live MIAMIRE active & closed listings at North Bay Village Condo.
Time on Market — 236 days
North Bay Village Condo Unit 329 is above the typical days on market for this building. The seller may be flexible on price.
This unit's 236 days on the market is 120 days longer than the active 2BR median of 116 days (+103.4%).
Inventory position: 75th percentile for 2BRs currently active at this building.
Price History
Originally listed at $290,000. Reduced to $240,000 on Jan 9, 2026 (after 157 days on market) — -17.2% (−$50,000).
Estimated Monthly Cost
Mortgage (P&I)
$1,303
HOA
$843
Property Tax
$65
Total / mo
$2,212
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 0.33%.
HOA $0.94/sqft · All-in $2.46/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at North Bay Village Condo.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 2BR Comps at North Bay Village Condo
UnitListSqft$/sqftDOM
#329
$240,000
900
$267
236
#426
$295,000
900
$328
40
#526
$220,000
900
$244
191
#217
$229,000
900
$254
5
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
Insider Notes from Ricky
- North Bay Village Condo is a 5-story low-rise at 1801 Treasure Dr, Miami Beach, FL 33141, built 1972. Currently 5 active listings on the market, with active asking prices ranging up to $340K.
- Neighborhood: Miami Beach. Miami Beach is three distinct neighborhoods: South Beach (Ocean Drive, Lincoln Road, Art Deco, walking-everywhere), Mid-Beach (Faena, Edition -- quieter money), and North Beach (newer ultra-luxury construction without South Beach baggage). Per-square-foot variance between them is enormous.
- Buyer profile here: Mix of primary residents (especially South Beach south of Fifth and Mid-Beach Faena District), second-home buyers, and condo-hotel investors.
- Built 1972 (now 54 years old) -- past Florida's 25-year structural recertification trigger.
- Value-tier inventory with active asking prices up to $340K.
- At 5 stories, North Bay Village Condo is low-rise scale -- fewer total units typically means a more intimate building feel.
- Compared anchor: Compared to Sunny Isles (oceanfront tower wall), Miami Beach has more architectural diversity, more restaurants per block, and the South of Fifth and Faena Districts give some sub-areas resort-grade amenity stacks.
- Rental rules vary per association in this market -- most Miami-Dade condos require 6 or 12-month minimum leases. Verify per-association before assuming Airbnb potential.
- Pre-offer diligence: Older South Beach inventory hits Florida's 25-year structural recertification triggers; reserve study and assessment history are critical pre-offer items on pre-2000 buildings.
- Ricky has worked the Miami Beach market for years and can pull HOA documents, recent comps, and reserve study status on any unit you're considering. Text (305) 33-RICKY -- that's (305) 337-4259 -- for a same-week walk-through.
What to Verify
Flood Zone: This unit is in flood zone AE. High-risk flood zone (Special Flood Hazard Area). Federal flood insurance required for federally-backed mortgages.
Building Age: Built in 1972 (54 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Ricky will verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Apr 2004 for $157,629 — held 22 years. They’re now asking $240,000 — +52.3% (+$82,371) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
🏛 Property Tax Reset
The current owner pays approximately $1,653/yr in property tax thanks to a $128,408 Save Our Homes assessment cap (Florida shelters long-time owners from market-value increases).
On purchase, your assessment resets to full market value — expect roughly $4,221/yr, about 2.6× the current owner’s bill.
Estimate uses Miami-Dade’s ~2% effective millage; your actual bill depends on the millage in the year you close and any homestead exemption you may qualify for.
Sales History
| Date | Price | Type |
|---|---|---|
| Jul 2011 | $70,000 | Financial inst or "In Lieu of Forclosure" stated |
| Aug 2010 | $16,600 | Financial inst or "In Lieu of Forclosure" stated |
| Apr 2004 | $157,629 | arm’s-length |
Source: Miami-Dade Property Appraiser. This unit owns 0.0081982% of the building’s common elements. County living area: 900 sqft.
Building: North Bay Village Condo
Unit: 329
Year Built: 1972
Stories: 5
City: North Bay Village
Postal Code: 33141
HOA Fee: $843 / Monthly
View: Other View
Waterfront: No
Private Pool: No
Heating: None
Cooling: Central Air
Days on Market: 236
Listed: August 6, 2025
MLS #: A11869415
Location
Listing courtesy of: EXP Realty LLC
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11869415
• Updated Mar 30, 2026
