Treasure Island

It suits buyers who want water-focused, low-maintenance island living with easy access to both Miami and Miami Beach. Most homes are waterfront condos — 74 of the 103 active listings sit on the bay — so the lifestyle centers on views and proximity to the water. Neighboring pockets like North Shore Crest share that same island character.

It's more accessible than its Miami Beach neighbors, with a median list price of $399,000 and entry-level listings starting around $159,000. That said, the ceiling is high — 14 active listings are priced above $1 million, and the top of the range reaches nearly $14 million for premium waterfront.

The median list price is $399,000 and homes trade at roughly $531 per square foot, with a median size near 1,030 square feet. Over the last 12 months, 66 homes sold at a median price of $397,500, so list and sold prices track closely. You can compare active options among North Bay Village homes for sale.

It's a measured market that rewards patience on both sides. Homes take a median of 63 days to sell, and sellers are getting about 95% of their asking price on average, so there's room to negotiate but not a fire sale. With 66 sales over the past year against 103 active listings, buyers have real choice.

Since most homes here are condos, expect an HOA — the median is $292 per month, which typically covers building and common-area upkeep. Property taxes run a median of about $5,250 per year, and if you're weighing renting first, the median rent in the area is $2,700 per month.