When we think of Miami Beach, most people immediately picture South Beach, with its lively beaches and bustling nightlife. But it is in North Beach where a new chapter of the city is being written. Located in the northernmost part of Miami Beach, this region, long known for its quiet charm, is now emerging as one of the most promising areas to live and invest.
Traditionally known for its more tranquil atmosphere and low-rise buildings, the North Beach area of Miami Beach is undergoing a true transformation. Driven by new zoning incentives and growing demand for real estate, the area has attracted significant investments in recent years.
Situated between 63rd Street and 87th Terrace, between the Atlantic Ocean and Biscayne Bay, North Beach has seen investor interest rise substantially following a 2017 voter-approved increase in floor area ratio (FAR) within the North Beach Town Center, allowing for greater density and revitalization. With the new zoning regulations, taller and more modern buildings were authorized, especially within the North Beach Town Center area, paving the way for large residential towers. Additionally, the new rules eased restrictions for short-term rental projects, including Airbnb-friendly units, expanding opportunities for investors and driving a new phase of growth in the region.
Beyond its historic landmarks, such as the Miami Beach Bandshell, North Shore Park & Youth Center, and the Normandy Shores Golf Course, North Beach is also set to welcome a new community complex at 72nd Street. This $53.8 million investment will bring an aquatic center, a new library, expanded green spaces, and pickleball courts to the neighborhood, enhancing its family-friendly and sports-oriented appeal.
A Boom in New Residential and Mixed-Use Projects
Currently, at least nine major private developments are reshaping the landscape and dynamics of North Beach. Among the highlights is Lefferts Development, responsible for the recently opened 72 Park, a 22-story building marking the area’s first new condo project in over five years. With 90% of the units already sold, the development also introduced new attractions, such as the first Miami location of the renowned Roberta’s pizzeria, awarded by the Michelin Bib Gourmand Guide.
Lefferts is also preparing three other projects for the area: PALMA Miami Beach Residences, 72 Carlyle, and a boutique mixed-use building at 880 71st Street, collectively adding more than 450 new residential units to the North Beach market.
Among the highlights of this new wave of development is 7200 Collins, an exclusive residential project located directly on Collins Avenue. Featuring contemporary design, a prime location, and the advantage of allowing short-term rentals (Airbnb friendly), 7200 Collins represents a unique opportunity for those seeking a beachside lifestyle or investors looking for high returns. Just steps from the ocean and close to major revitalization projects in the area, 7200 Collins perfectly exemplifies how North Beach is becoming one of the most dynamic and promising markets in Miami Beach.
Other projects are also taking shape, such as Ella Miami Beach, an elegant 10-story condominium at 6940 Abbott Avenue, scheduled for delivery in 2026. In addition, historic hotels like the Broadmoor and the Ocean Surf will be revitalized, preserving classic architectural elements while offering modern infrastructure.
Mixed-use developments like Shoma Bay are emerging along the waterfront, bringing new leisure spaces, shops, and residences. Another major project is the Ocean Terrace redevelopment, which will combine the restoration of historic buildings with the creation of a new five-acre public park, further enhancing the area’s appeal.
Deauville Resort: The Battle Over Its Controversial Redevelopment
The most emblematic — and also the most controversial — project is the redevelopment of the former Deauville Beach Resort, which was demolished in 2022 after years of abandonment. The developer Terra Group plans to build a luxurious condo-hotel on the site, approximately 400 feet tall, more than double the height of the original Deauville.
Although a previous project was rejected by voters in 2022, the new proposal recently received preliminary approval from the City Commission. While many community leaders and residents support the new project, others express concern that future requests for upzoning could permanently alter the urban profile of North Beach.
Terra CEO David Martin emphasized that the company has been working in partnership with residents, community leaders, and the city to ensure that the project enriches North Beach without compromising its charm and identity.
Where Exactly Is North Beach in Miami Beach?
North Beach is the northernmost neighborhood of Miami Beach, Florida, known for its tranquil and residential atmosphere. The area stretches approximately from 63rd Street and Indian Creek Drive in the south to 87th Terrace in the north. Within North Beach, you’ll find traditional and highly valued areas such as Isles of Normandy, Biscayne Point, and La Gorce.
Ready to Invest in North Beach? Let’s Talk!
North Beach is experiencing a unique moment of growth and appreciation in Miami Beach. If you are looking to invest with security and a vision for the future, CAP International can help. We are specialists in the Florida real estate market and offer comprehensive guidance for clients interested in purchasing properties in strategic areas like North Beach. Contact us via WhatsApp at +351 91 252 9601 (Carlos Barros) and discover how to seize the best opportunities today!