A North Bay Village luxury home at 1460 S Treasure Drive has returned to the market at $10,999,999. As a result, the six-bedroom bayfront estate now ranks among the three most expensive homes for sale in the city. It is also the largest residence in that eight-figure tier. For years, buyers saw this three-island community as the affordable waterfront alternative to Miami Beach. However, the North Bay Village luxury real estate market is now moving upmarket fast.
The listing at a glance
Address: 1460 S Treasure Dr, North Bay Village, FL 33141 (Treasure Island)
Asking price: $10,999,999, or $1,614 per square foot
Bedrooms and baths: 6 bedrooms, 6 full baths, 1 half bath
Size: 6,816 sq ft of living area, 8,712 sq ft total
Lot: 9,000 sq ft with 60 feet of bay frontage
Year built: 2016
Parking: 4-car attached garage with EV charging
Inside the North Bay Village luxury estate on Treasure Island
The builder completed the home in 2016 with CBS construction and a barrel-tile roof. It rises three levels, and a private elevator connects them all. In addition, marble floors, volume ceilings and a 25-foot entrance foyer set the tone. High-impact windows and doors also open the living areas to the water. The floor plan includes a great room, family room, media room and recreation room. Furthermore, the listing describes a chef’s kitchen with a gas range, a nine-seat theater, a gym and a home office.
Bay views, pool and ocean access
The property sits on a 9,000-square-foot lot with 60 feet of frontage on Biscayne Bay. Because it faces south, it looks over open water toward the Miami and Miami Beach skylines. Outdoors, there is an in-ground pool and spa, balconies, a barbecue area and a seawall. For boaters, the key phrase in the listing is “ocean access, no fixed bridges.” In other words, boats get a direct run from the home’s dock to the Atlantic.
Where it ranks among North Bay Village homes for sale
Is it the most expensive house in the city? Not quite. As of October 1, 2026, two single-family listings carry higher asking prices. First, 7520 W Treasure Drive asks $13,999,999. Second, 7720 Miami View Drive on North Bay Island asks $11,999,999. However, scale sets 1460 S Treasure Drive apart. At 6,816 square feet, it is the largest of the three by a wide margin. In addition, its $1,614 per square foot is far below its rivals, which ask roughly $3,000.
The luxurization of North Bay Village
Three waterfront homes priced above $10 million would have been hard to imagine here a few years ago. In fact, agents marketed this same house at $6.25 million around 2020. Its tax assessed value stands at $6,670,204, with an annual tax bill of $114,276. Meanwhile, the median listing price across the city is still about $452,000 because of its large condo inventory. That gap tells the story. North Bay Village luxury listings on Treasure Island and North Bay Island now carry Miami Beach prices. However, the rest of the 33141 market remains comparatively accessible. Likewise, the same shift drives new projects such as Bali Hai and the wider transformation of North Bay Village. For residents, therefore, it means rising land values and a different class of buyer.
Source and listing agent
Details in this article come from the public listing on Zillow. Zillow, in turn, draws its data from the MIAMI Association of Realtors MLS (MLS# A12063307). The home has been on the market since August 6, 2026. Since then, it has drawn 799 views and 68 saves in 53 days. Jonathan Mann of Coldwell Banker Realty represents the property, and buyers can call him at 786-877-6201 for showings. In addition, the seller accepts all cash or conventional financing. Prices and availability can change, so confirm details with the listing agent.
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