Miami neighborhood guide
North Beach Real Estate
North Beach is the northernmost district of Miami Beach, stretching roughly from 63rd Street to 87th Terrace along the Atlantic Ocean. Long considered Miami Beach's most affordable and undervalued submarket, North Beach is undergoing a dramatic transformation driven by a 2017 voter-approved FAR increase in the North Beach Town Center district and a concentrated $730 million investment by developer Lefferts across three projects — 72 Park (completed 2025), Palma Miami Beach (under construction, 2027), and 72 Carlyle (pre-construction, Piero Lissoni interiors).
North Beach is the northernmost district of Miami Beach, stretching roughly from 63rd Street to 87th Terrace along the Atlantic Ocean. Long considered Miami Beach's most affordable and undervalued submarket, North Beach is undergoing a dramatic transformation driven by a 2017 voter-approved FAR increase in the North Beach Town Center district and a concentrated $730 million investment by developer Lefferts across three projects — 72 Park (completed 2025), Palma Miami Beach (under construction, 2027), and 72 Carlyle (pre-construction, Piero Lissoni interiors). The neighborhood features Miami Modern (MiMo) architecture, the Miami Beach Bandshell, Normandy Shores Golf Club, North Shore Park (40 acres of oceanfront green space), and the planned 72nd Street Community Complex. North Beach currently trades at a 30–40% discount to South Beach on a price-per-SF basis, making it the highest-upside submarket on Miami Beach for buyers with a 5–10 year horizon. All three Lefferts projects carry no minimum rental restrictions — making North Beach the only Miami Beach submarket with multiple STR-approved luxury buildings.
Neighborhood character
- First STR-approved luxury condos in Miami Beach (72 Park, completed 2025)
- $730M Lefferts investment across three towers on 72nd Street
- 30–40% price discount vs South Beach — highest appreciation upside on the island
- 72nd Street Community Complex (planned): pool, library, gymnasium, open space
- Miami Beach Bandshell — established outdoor cultural venue
- Normandy Shores Golf Club — walkable from all Lefferts projects
- North Shore Park — 40-acre oceanfront park
- LEED Gold certified new construction (Palma Miami Beach)
- Walkable to beach, dining, and retail on 71st–72nd Street corridor
Home types to research
STR-Approved Luxury Condo · Boutique Condo · Penthouse · Turnkey Furnished Residence