Prescott Estates is an exclusive enclave of just five ultra-luxury waterfront single-family residences located in Miami's historic Bayside District along Biscayne Bay. This boutique development occupies a prime 1.4-acre site offering 345 feet of unobstructed bay frontage and sweeping views of the bay, downtown Miami, and Miami Beach. Developed by Procure Development, the community blends historic preservation with modern architectural excellence, creating a one-of-a-kind residential setting in the Upper Eastside area of Miami.
The history of the site traces back to the 1920s when the original Prescott Mansion, a Mediterranean Revival-style villa, was constructed as a landmark in the Bayside Historic District. The new development restores and elevates this historic structure as the centerpiece while adding four contemporary residences inspired by mid-century modern principles. Construction began in early 2026, transforming the former estate grounds into a private collection of bespoke homes.
Situated at addresses including 1000 NE 72nd St and 7101 NE 10th Ave in Miami, FL 33138, Prescott Estates benefits from excellent accessibility within Miami's vibrant urban fabric. The location provides convenient proximity to major roadways and the cultural and commercial hubs of the city while maintaining a secluded waterfront atmosphere.
The lifestyle at Prescott Estates centers on privacy, luxury, and direct engagement with Biscayne Bay. Homeowners enjoy an intimate, low-density environment where each residence stands as a unique architectural statement. The setting emphasizes serene bayfront living with opportunities for boating and outdoor recreation right at home.
Real estate in Prescott Estates consists of five individually designed estates priced between approximately $15 million and $25 million. Residences range in size from about 4,700 to over 8,000 square feet, featuring high-end finishes, expansive glass walls, private pools, and dedicated dockage for yachts up to 100 feet. The collection includes the restored Villa Prescott and new builds such as Villa Riva, Villa Vento, Villa Mare, and Villa Nova.
Nearby attractions include the historic and cultural sites of Miami's Upper Eastside, downtown Miami's skyline and entertainment districts, and the beaches of Miami Beach across the bay. The area offers easy access to parks, waterfront promenades, and the dynamic arts and dining scenes of greater Miami.
Parks and recreation opportunities are enhanced by the community's direct bay access and private docks, allowing residents to pursue boating, fishing, and waterside leisure. Landscaping designed by Raymond Jungles contributes to a serene, green environment throughout the enclave.
Shopping and dining options abound in nearby neighborhoods, with access to Miami's renowned culinary scene, upscale retail districts, and waterfront restaurants offering fresh seafood and international cuisine.
Transportation is facilitated by the community's location near major thoroughfares, providing straightforward connections to Miami International Airport, downtown, and South Florida's broader highway network.
Demographics reflect an affluent, privacy-seeking resident base drawn to ultra-luxury waterfront living in a historic yet forward-looking Miami setting.
Safety and livability are supported by the gated, low-density nature of the enclave and its position in an established residential district.
Local highlights include the architectural fusion of 1920s heritage with contemporary design and the rare availability of multiple deepwater docks on open bay frontage.
People choose to live in Prescott Estates for its unparalleled combination of historic significance, modern luxury, exceptional privacy, and prime Biscayne Bay location in one of Miami's most desirable waterfront enclaves.
Community Amenities
Name: ** ** Private Bayfront Pool (per residence)
Name: ** ** Private Deepwater Dock (per waterfront residence)
Notes Management company name: Procure Development (developer); sales by The Chad Carroll Group at Compass. Source URLs: https://www.citybiz.co/article/744353/historic-prescott-estates-is-acquired-for-20-million-sales-launch-for-limited-edition-luxury-waterfront-residences/, https://floridayimby.com/2026/02/construction-begins-at-prescott-estates-in-miamis-bayside-district.html, https://www.fancypantshomes.com/luxury/miami-historic-prescott-estates-sale-and-redevelopment/. Context: Amenities are private per home in this 5-residence enclave; no shared community facilities publicly documented.
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