Shoma Bay North Bay Village Location & Neighborhood
1850 79th Street Causeway (JFK Causeway), North Bay Village, FL 33141
The Neighborhood
What's within reach.
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Biscayne Bay (waterfront) Direct bayfront0.05 mi
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Continuum Club & Residences (neighbor) Walking distance0.1 mi
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Treasure Island Park Walking distance0.3 mi
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South Beach Short drive2.0 mi
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Bal Harbour Shops Short drive2.5 mi
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Miami Design District Short drive3.5 mi
Life at Shoma Bay North Bay Village
Known as South Florida's hidden gem, North Bay Village is a small enclave between Miami Beach and the mainland — encompassed by two small islands of Biscayne Bay. Ideally situated at 79th Street Causeway and East Treasure Drive, Shoma Bay is a pedestrian-friendly destination near all major highways, the hottest restaurants, and retail South Florida offers. Shoma Bay is the first of its kind — a place designed for those yearning to integrate life, work, wellness, and play into one.
First Major NBV Post-Rezoning Development
Shoma Bay is the first major development to capitalize on North Bay Village's 2020 rezoning. Sales launched September 2022 — establishing the benchmark for future residential projects in the region.
Shojaees Reside in Penthouse
Shoma Group CEO Masoud Shojaee and President Stephanie Shojaee will personally reside in one of the 10 penthouses — among the strongest signals of developer confidence and personal investment in the project.
Publix-Anchored 36,068 sq ft
Anchored by a 35,037-36,068 sq ft Publix supermarket at street level — providing residents with direct grocery convenience. Plus 6,325 sq ft of additional retail including Shoma Bazaar food hall.
Shoma Bazaar Food Hall + Bay Views
Rooftop lounge and the iconic Shoma Bazaar food hall — Shoma Group's hospitality concept also operating in Doral. Surrounded by Biscayne Bay views for a stunning dining setting. Live-music programming.
Adriana Hoyos Interior Design
Renowned designer Adriana Hoyos (also designed 7200 Collins and Shoma Group's other projects) creates elegant finishes with abundant natural light. Classic art-deco aesthetic meets modern facade. Studios start at $400K — accessible entry into NBV luxury.
Shoma Bay North Bay Village Investment & Market Outlook
Why North Bay Village Pre-Construction Outperforms
South Florida pre-construction has historically delivered double-digit appreciation between contract and delivery, especially in branded residences. North Bay Village specifically has seen sustained demand from international buyers seeking US dollar-denominated real estate, tax advantages from Florida's no-income-tax structure, and currency hedging against home-market inflation.
Branded residences like Shoma Bay North Bay Village typically command 25–35% price premiums over comparable non-branded inventory in the same submarket, and resale price retention has consistently outpaced the broader Miami condo index over the past decade.
Friends & Family Pricing
As pre-construction specialists with direct developer relationships, we offer qualified buyers access to friends-and-family pricing — typically 4–8% below current public release pricing — along with extended deposit schedules, custom unit selection, and priority on the most desirable exposures and floors.
Deposit Structure
Standard North Bay Village pre-construction deposit structures range from 20% at contract to 50% by delivery, with milestone payments at groundbreaking, top-off, and certificate of occupancy. Shoma Bay North Bay Village follows the North Bay Village market standard. Our team can walk you through the full deposit schedule and any current developer incentives reducing the at-contract deposit requirement.
How to Reserve a Residence at Shoma Bay North Bay Village
Pre-construction purchases follow a different path than resale transactions. Here's what to expect, step by step.
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01
Initial Consultation
We start with a 30-minute call to understand your goals — primary residence, investment, legacy asset — and walk you through current availability, pricing tiers, and the floor plans best suited to your needs.
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02
Floor Plan Selection & Reservation
Once you've narrowed your selection, a refundable reservation deposit (typically $25,000–$100,000) holds your residence for 14–30 days while contracts are prepared. You'll receive the full developer reservation package and the most current pricing for your specific unit.
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03
Contract & First Deposit
The purchase contract is executed with the developer, and the first deposit (typically 10–20% of the purchase price) is wired to the developer's escrow account at a Florida-licensed institution. All funds are protected under Florida pre-construction escrow law until milestones are reached.
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04
Construction Milestones
Subsequent deposits are released as construction reaches defined milestones — typically groundbreaking, top-off, and certificate of occupancy. You'll receive quarterly construction updates, photo documentation, and the option to tour the unit once interiors are roughed in.
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05
Closing & Delivery
At closing, the final balance is funded (cash or financing via approved lenders), title transfers, and you receive keys. Closing typically occurs 30–60 days after the developer issues the certificate of occupancy. Move-in coordination, designer access, and Mercedes-Benz/Bentley/Armani concierge enrollment all happen at this stage.
Shoma Bay North Bay Village FAQs
Answers to the most common questions about Shoma Bay North Bay Village pricing, amenities, and policies. For anything else, our team is here to help.
How much do Shoma Bay residences cost?
Shoma Bay pricing starts at $400,000 for 344 sq ft furnished studios. 1-bedrooms approximately $750K, 2-bedrooms approximately $1.2M, 3-bedrooms approximately $1.8M (up to 1,435 sq ft). Penthouses (10 total, with Shojaees residing in one) approximately $3 million+ for 2,700 sq ft duplexes. Average price per sq ft is approximately $900.
Who is developing Shoma Bay?
Shoma Bay is developed by Coral Gables-based Shoma Group — led by CEO Masoud Shojaee and President Stephanie Shojaee. The Shojaees themselves will reside in one of the 10 penthouses. Shoma Group operates multiple South Florida residential and hospitality projects including Ten30 South Beach and Shoma Bazaar in Doral. Shoma acquired the 2.8-acre site for $15.78 million in 2021. Sales by ISG World.
Who designed Shoma Bay?
Architecture by MSA Architects (also styled as MSA). Interior design by renowned designer Adriana Hoyos (also designed 7200 Collins). The design blends classic art-deco aesthetic with a modern facade.
When will Shoma Bay be completed?
Shoma Bay broke ground in mid-2024 with completion expected in late 2026.
How many residences does Shoma Bay have?
333 luxury residences total across 24 stories (originally 327 in 21 stories; expanded to 333 in 24 stories). Layouts range from 344 sq ft furnished studios to 2,700 sq ft three-bedroom condos and duplex penthouses. 10 penthouses total. Plus 35,037 sq ft Publix supermarket and 15,628 sq ft retail.
What's included in each residence?
Striking water views of Biscayne Bay, modern appliances with sleek finishes, floor plans designed to maximize efficiency and comfort, abundant natural light, elegant Adriana Hoyos-curated finishes throughout. Studios delivered furnished. Penthouses are duplex configurations.
What are the amenities?
Resident lounge and bar; spa with Hammam; golf simulators; fitness center with Technogym/TRUE Palladium equipment; pet spa; kids club; 6,030 sq ft pool deck with panoramic Biscayne Bay views (pool, cabanas, summer kitchen); library; 2,600 sq ft coworking business lounge; sky lounge with bar/gaming/movies; assigned gated parking; EV charging stations; designated bike room; storage spaces; zen garden; grocery delivery room (Publix-adjacent); wine cellar; cigar lounge; Shoma Bazaar food hall (rooftop lounge with bay views).
What is Shoma Bazaar?
Shoma Bazaar is Shoma Group's hospitality concept — a food hall featuring 12+ food vendors, live Latin music, master mixologists. The Doral Shoma Bazaar hosts events with Cortadito, DJ Manner, and Patrón Tequila partnership. The Shoma Bay rooftop Shoma Bazaar adds bay views to the dining setting.
