Who Lives on North Bay Road, Palm Island and La Gorce Island?
Ashton Coleman, Broker Associate, ONE Sotheby's International Realty | Cell 305.978.7704 | AColeman@onesothebysrealty.com
Who lives on North Bay Road, Palm Island and La Gorce Island? Star Island gets the headlines, but the quieter bayfront addresses around it hold some of Miami Beach's largest private estates. Many of those deeds sit in the names of trusts and LLCs, so a name on a record rarely tells you who sleeps in the house. This guide sticks to published sale reports: what traded, for how much, and what the pattern tells a buyer. For the island next door, read who lives on Star Island. For the private enclave to the north, see who lives on Indian Creek Village.
North Bay Road: Bayfront Estates From Mid-Beach to North Beach
North Bay Road runs parallel to Alton Road on the Biscayne Bay side of Miami Beach, just north of the Venetian Causeway, from Mid-Beach toward North Beach. Business Insider reported in 2019 that the street has been called "Millionaires' Row." Most lots are bayfront, with some dry-lot homes mixed in. Three recent sales show how wide the range runs:
$72 million, August 2026. Developer Ilya Karpov sold a new two-story home of nearly 10,000 square feet, with seven bedrooms, on a 0.6-acre lot. A trust bought it, and the deal was off-market, according to Hoodline. Karpov paid $20.8 million for the lot in 2022. The 1929 house on it had been designated historic in 2010 and was demolished in 2021.
$31.5 million, May 2026. The North Bay Road home of the late Broadway producer Harold Prince sold, The Real Deal reported. The buyer was not named.
$26 million, April 2025. A 1928 house of 5,600 square feet on a half-acre bayfront lot traded off-market. The longtime owners had bought it in 1980 for $350,000, and an LLC bought it, The Real Deal reported. If you are weighing the street, start with the current North Bay Road estates in Miami Beach.
Palm Island: Al Capone's Old Address
Palm Island is a man-made island in Biscayne Bay, beside Hibiscus Island and near Star Island, reached from the MacArthur Causeway. Its most famous resident was Al Capone. He bought a villa there in 1928 for $40,000 and lived there until his death in 1947, according to Orlando Weekly. His widow sold it in 1952. In 2020, developers paid $10.75 million for the house with plans to demolish it. The Miami Herald later reported that it sold for $15.5 million to a buyer who plans to keep it. Palm Island homes range from non-waterfront houses to bayfront estates, so prices vary widely. See what is active now in Palm Island homes in Miami Beach.
La Gorce Island: A $100 Million Assembly
La Gorce Island is a residential island on Biscayne Bay in Mid-Beach. In 2024, Ideavillage founder Anand Khubani paid $100 million for three adjoining parcels there, the priciest Miami-Dade deal of the year at that point, Inman reported. The seller was the trust of an owner who died in 2017. A fourth parcel in the same offering sold for $22 million to an undisclosed buyer. In late 2023, a La Gorce Island home that once belonged to Cher sold for $35 million, Orlando Weekly reported. The $100 million deal shows the playbook at this level: assemble adjoining parcels instead of buying one house. Browse La Gorce Island homes for what is on the market.
Sunset Islands: Gated Bay Living at a Lower Entry Point
The Sunset Islands are four islands in Miami Beach, described by local brokerages as guard gated. They mix waterfront homes with docks and dry-lot houses, and homes start well above $1 million. For buyers who want a gated bay address without the price of the islands above, Sunset Islands homes in Miami Beach are the practical comparison.
What the Ownership Pattern Tells a Buyer
Several of the buyers above are trusts, LLCs or undisclosed. Two of the deals, the $72 million sale and the $26 million sale, traded off-market, so the public feed does not show the full picture. The North Bay Road lot also shows why due diligence matters: a historic designation sat on the house before the demolition was approved. Before you price a rebuild on any of these streets, ask about historic status, flood elevation, seawall condition and dock permits.
Frequently Asked Questions About Who Lives on These Islands
Who lives on North Bay Road?
Published sale reports show a mix of long-term owners and new buyers. The home of the late Broadway producer Harold Prince sold for $31.5 million in May 2026, and several recent buyers appear only as trusts or LLCs. A name on a deed does not always match the person living in the house.
How much do North Bay Road homes sell for?
Reported deals include $26 million for a 1928 house on a half-acre in 2025, $31.5 million for an estate in 2026, and $72 million for a new home of nearly 10,000 square feet in 2026. Lot size, condition and frontage drive the gap.
Did Al Capone live on Palm Island?
Yes. Capone bought a Palm Island villa in 1928 for $40,000 and died there in 1947, according to Orlando Weekly.
Who bought the La Gorce Island parcels for $100 million?
Ideavillage founder Anand Khubani bought three adjoining parcels in 2024, according to Inman. A fourth parcel sold for $22 million to an undisclosed buyer.
Are these islands gated?
Access differs by island and street. Palm Island and La Gorce Island are described as gated communities, the Sunset Islands as guard gated, and many North Bay Road homes have private gates. Confirm the access rules for any address before you tour.
If you want to know what is for sale on these streets now, browse the North Bay Road estates in Miami Beach or the Palm Island homes in Miami Beach. Contact Ashton Coleman, Broker Associate with ONE Sotheby's International Realty, for current listings and recent sales on Miami's private waterfront streets.
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