Construction has officially commenced at Prescott Estates, a boutique single-family waterfront development rising on a 1.4-acre site within Miami’s historic Bayside District. The project will introduce five waterfront residences along approximately 345 linear feet of open bay frontage overlooking Biscayne Bay, Downtown Miami, and Miami Beach.
Prescott Estates is being developed by Procure Development. Architectural design is led by Ivan Kadey in collaboration with Chris Fernandez, with landscape architecture conceived by Raymond Jungles and developed by LandFluent. Interior design is being handled by Stephanie Harroch of XID. Exclusive sales and marketing are led by Chad Carroll of The Chad Carroll Group at Compass.
Credit: Alberto Esteban.
The development is planned to include four newly constructed contemporary waterfront residences ranging from 4,711 to 7,621 square feet. Each home is designed with direct bay access, private waterfront pools, and outdoor living areas oriented toward the water. The site will also feature four deepwater docks designed to accommodate yachts up to 100 feet in length.
Serving as the centerpiece of the enclave is Villa Prescott, a Mediterranean Revival–style residence originally constructed in the 1920s. The historic structure is being preserved and restored while undergoing a comprehensive modernization. Upon completion, Villa Prescott will total approximately 8,280 square feet and include six bedrooms and seven and a half bathrooms.
Credit: Alberto Esteban.
The five individually designed residences within the enclave are named Villa Riva, Villa Vento, Villa Mare, Villa Nova, and Villa Prescott. According to marketing materials, pricing across the collection ranges from $17.2 million to $24.85 million.
Prescott Estates adds a rare, low-density waterfront residential project to Miami’s Bayside District, combining new construction with the adaptive restoration of a historic estate on one of the area’s remaining bayfront sites.
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Villa Prescott was destroyed years ago under the rationale that it was damaged beyond repair, and any development on this property was required to historically reconstruct it. While it’s wonderful to finally to see something actually built, and compared to the previous approval consisting of a glass box tumor protruding out of the restored mansion, I still wish the new houses were more classically inspired. Mediterranean Revival and Art Deco architecture built Miami, not spec houses on stilts that could otherwise be on a rock canyon in Hollywood Hills or Palm Springs. It always amazes me how these glass and concrete “McModerns” are approved for historic districts simply because of a few shared materials with historic structures, meanwhile city staff and the HRPB will scrutinize changing a doorknob on a non-contributing structure?
Asking buyers to pay $20 Million to $25 Million when they have to access the site by driving down a fairly plain entrance road from Biscayne Blvd seems rude. And rich people usually like to live on bigger lots. There is a 45,000 sq ft vacant lot for sale on NE 69th Street opposite the entrance to the Palm Bay Club. It is on higher ground. Might be a better buy?