Island Place at North Bay
Condos for Sale in North Bay Village, FL

Island Place at North Bay market snapshot (as of September 20, 2026): the median sale price is about $235K ($288 per sq ft over the trailing 12 months of closed sales), and a median 90 days on market for closed sales. The trailing-12-month median is up 2% from the prior 12 months, computed from record-level MIAMI MLS closed sales (6 closings in the current window).

In ZIP 33141 (North Bay Village), 462 homes closed in the last 12 months at a median of $690K ($501/sq ft), up 20.2% year over year, with a median 93 days on market. Right now 367 active and 50 pending listings — a buyer's market. See the live ZIP 33141 housing market and the Miami-Dade County market.

MIAMI REALTORS sales records identify 19 homes in ISLAND PLACE AT NORTH BAY that have changed hands since 2021, built between 1966 and 1966 (median 1966), with a median living area of about 827 sq ft and a typical 2-bedroom, 1-bath layout; 100% are condominiums. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Pricing here is condition- and unit-driven rather than tied to a published amenity package — current MLS listings show no community amenities identified, so value comes down to the individual home, its finish level, and its position within the building or complex.

A $235,000 median paired with an 82-day median days-on-market tells a straightforward story: this is not a market where homes move quickly on price alone. Buyers are taking their time, which usually means inspection findings, association details, and unit condition are getting real scrutiny before an offer comes together.

The four-closing window is small enough that any single sale can move the median meaningfully in either direction next quarter. Treat the current figures as directional rather than final, and expect a comparable-sales conversation with your agent before setting a list or offer price — this is a market where the specific unit matters more than the neighborhood average.

In a market with only a handful of recent closings and a flat-to-slightly-down year-over-year trend, pricing precision matters more than usual. We pull the actual comparables behind the median, not just the headline number, so sellers do not underprice a well-kept unit and buyers do not overpay because the sample size looks thin.

Listings in this community report association dues of about $841 per month ($10,092 a year) — the median AssociationFee across 21 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.