The project
Tula Residences is a 21-story, 54-residence waterfront tower at 7918 West Drive in North Bay Village, developed by Bayshore Grove Capital with interiors by Shannon Farrell Design. The project topped out in October 2026, and it is expected to be the first new condo in North Bay Village in a decade, with completion targeted for the third quarter of 2027.
The building pairs two-, three-, and five-bedroom residences with direct bayfront positioning between Miami and Miami Beach. The developer guides entry pricing below $2 million, while pre-construction listings have run from about $2.4 million, so confirm current terms with the sales team.
Project snapshot
Tula Residences at a glance.
The facts below are drawn from this guide and from the developer's published materials. Where a fact is not verified, the page says so plainly rather than guessing.
- Location / County
- North Bay Village, Miami-Dade County
- Residence types
- 2-5 bedroom condos; Penthouses
- Status
- Under Construction
- Estimated completion
- Q3 2027 (est.)
- Published pricing
- From ~$2.4M
- Developer
- Bayshore Grove Capital
- Rental restrictions
- Contact for current information
Information reviewed October 2026. Prices, availability, and completion dates change frequently. Confirm current terms with the developer or a licensed advisor.
- Developer Bayshore Grove Capital with partner Pacific & Orient Properties: Source: Official website, verified October 2026
- Architecture by M77R (Matter); interiors by Shannon Farrell Design; landscape by H.L. Martin, Landscape Architect: Source: Official website and listing sources, verified October 2026
- 54 residences in a 21-story tower: 48 corner two- and three-bedroom homes plus six five-bedroom penthouses: Source: Florida YIMBY, verified October 2026
- Topped out early October 2026; $67M construction loan from S3 Capital in January 2026; completion targeted Q3 2027: Source: Florida YIMBY and Traded.co, verified October 2026
- Pricing: two-bedrooms from about $2.4M, two-bedroom-plus-den from about $2.6M, three-bedrooms from about $3.295M, penthouses from about $6.995M: Source: Miami Residential, verified October 2026
- About 18,000 sq ft of amenities including a 6th-floor resort-style pool deck with cabanas and private lounges: Source: Official website and project sources, verified October 2026
Sources consulted for this guide
- Tula Residences official website
- Florida YIMBY, topping out October 2026
- Florida YIMBY, 2027 completion target December 2025
- Traded.co, topping off 54-unit Tula Residences
- Miami Residential, pricing and payment plan
- PROFILEmiami, topping off October 2026
Source links open in a new tab and are provided for verification only. Facts carry the verification date recorded above; prices, availability, and timelines change and require sales-gallery confirmation.
Verified facts carry the source links above, each pointing to the original public source where one is available. Everything else on this page is marked Not verified or Contact for current information. This page never hosts or hotlinks external files, renderings, brochures, or floor plans; where a document exists only on the developer's site, the source link above is the reference.
At a glance
Tula Residences in North Bay Village, in numbers.
County
Miami-Dade
City
North Bay Village
Neighborhood
North Bay VillageDeveloper
Bayshore Grove Capital
Address
7918 West Drive, North Bay Village
Price range
From ~$2.4M
Starting price
~$2.4M
Residences
54
Floors
21
Sales availability
Sales released
Est. completion
Q3 2027 (est.)
Residence types
2-5 bedroom condos, Penthouses
Construction status
Under Construction
Property category
Condominium
Design & architecture
Architecture by M77R (Matter); interiors by Shannon Farrell Design; landscape by H.L. Martin, Landscape Architect
Official website
Official project siteGallery
Renderings and interiors.
Developer renderings and interior imagery are updated as phases release. Current documents are shared privately with registered buyers.
Interior renderings on request
Floor plans on request
Pricing & availability
What Tula Residences costs today.
The advertised starting price is the developer's published entry point. Available units, real pricing bands, and incentives change as phases sell, so we confirm current terms with the sales team before you commit capital.
- Advertised starting price
- ~$2.4M
- Published price range
- From ~$2.4M
- Available units / sales status
- Sales released
- Price by bedroom configuration
- Two-bedrooms from about $2.4M, two-bedroom-plus-den from about $2.6M, three-bedrooms from about $3.295M, penthouses from about $6.995M
- Penthouse pricing
- Six five-bedroom penthouses on the upper floors, from about $6.995M
- Deposit schedule
- Typical bayfront pre-construction deposits run 20% to 30% staged across contract and construction milestones, held in escrow.
- Developer incentives
- Contact for current information
Current pricing sheet for Tula Residences.
Price lists, deposit schedules, and any developer incentives are shared privately with registered buyers after the sales team confirms today's numbers.
Request current pricingWhere a number is not published on this page, the row reads Contact for current information rather than guessing. Never treat an advertised starting price as the price of a specific available unit.
Architecture & residences
The building and residences at Tula Residences.
The building profile below records what this page verifies about the tower and its residences: floor counts, unit mix, dimensions, finishes, and views. Anything the page does not state is marked Not verified rather than guessed. Layouts, dimensions, and pricing change as phases sell, so current floor plan documents, view matrices, and availability are shared with registered buyers.
- Towers / floors
- 21
- Total residences
- 54
- Residence types
- 2-5 bedroom condos, Penthouses
- Square footage
- Two Bedroom: Mid-size plans; Three Bedroom: ~2,000-2,600 sq ft; Five Bedroom & Penthouses: Upper floors
- Ceiling heights
- Not verified
- Finishes
- Not verified
- Kitchens
- Not verified
- Baths
- Not verified
- Smart-home features
- Not verified
- Parking & storage
- Not verified
- Views
- Not verified
The floor plans at Tula Residences.
Layouts, dimensions, and pricing change as phases sell. We share current floor plan documents, view matrices, and availability with registered buyers.
Two Bedroom
2 bedroom · Mid-size plans
Entry pricing guided below $2M by the developer.
Three Bedroom
3 bedroom · ~2,000-2,600 sq ft
Bayfront layouts in the mid-floors.
Five Bedroom & Penthouses
5 bedroom · Upper floors
Crown residences with expansive terraces.
Full floor plan documents, view matrices, and current availability are shared privately with registered buyers.
Request floor plansAmenities & lifestyle
The amenity program at Tula Residences.
The list below records every amenity this page verifies for the project. Where the status of an amenity is not documented on this page, confirm with the sales team whether it is planned or already operating before you rely on it.
Bayfront pool and deck
6th-floor resort-style pool with cabanas and poolside lounges
Fitness and wellness center
Great room and resident lounge with water views
Pet spa
Refrigerated package room
EV-ready garage parking
Bay-side promenade
24-hour concierge and security
Construction & completion
Where Tula Residences stands today.
Completion dates on new construction are estimates, not promises: they shift with permitting, financing, and the pace of the build. Announced milestones below are the ones this page records; anything unverified is marked plainly, and the current timeline should be confirmed with the developer before you plan around it.
- Construction status
- Under Construction
- Estimated completion
- Q3 2027 (est.)
- Announced milestones
- Topped out (early) October 2026; $67M construction loan from S3 Capital closed January 2026; completion targeted Q3 2027; first new condo tower in North Bay Village in more than a decade
Estimated completion is the developer's target as recorded on this page and is not a verified delivery date. Where the timeline is not verified, current scheduling requires confirmation with the project's sales team.
Location & neighborhood
Where Tula Residences sits.
Address, neighborhood position, and nearby attractions below are recorded from this page's own project notes. Drive times, walk scores, and ratings are never invented on this site; where they are not documented here, the community guide is the best next step.
- Street address
- 7918 West Drive, North Bay Village
- City
- North Bay Village
- County
- Miami-Dade
- Neighborhood
- North Bay Village
- Position & nearby
- Bayfront at 7918 West Drive between Miami and Miami Beach
- Transport notes
- Not stated on this page
Community guide
North Bay Village
Explore North Bay Village living, dining, and market context in the full community guide.
Explore the areaInvestment analysis
Why Tula Residences matters to luxury buyers.
Why buyers are drawn
Tula is the first new condo in North Bay Village in a decade, which gives it scarcity within a walk-to-Miami location. The top-off substantially reduces construction risk.
Market context
North Bay Village straddles the causeway between Miami and Miami Beach, with direct bayfront land in short supply. With the building topped out, remaining units carry a shorter timeline than launch-phase contracts.
Deposit structure
Typical bayfront pre-construction deposits run 20% to 30% staged across contract and construction milestones, held in escrow.
Appreciation outlook
Scarcity, bayfront exposure, and a completed structure support premium positioning. We compare entry against Bay Harbor Islands and North Bay Village resales before advising.
Ownership considerations
What to know before you commit.
General guidance for new construction buyers. Building-specific details are marked "Not verified" where they have not been confirmed for this project.
- Short-term rental policy
- Not verified on this page; rental rules are confirmed in the governing documents before you commit
- Minimum rental period
- Not verified
- Leasing / owner-occupancy rules
- Not verified; confirm current leasing and occupancy terms with the sales team
- HOA / condo fees
- Not published on this page; request the current budget before you commit
- Financing notes
- Not verified on this page; the deposit schedule above records the financing model this page states for the project, and loan terms are confirmed before contract
Closing costs
Florida buyer closing costs typically include title insurance, lender fees, county recording charges, prorated property taxes, and Florida documentary stamp tax on the purchase price. The exact figure for this project is not published on this page, so confirm the current estimate before you sign. Not verified.
Not verified
HOA and condo fees
New developments typically assess monthly HOA or condominium fees covering common areas, amenities, insurance, and building staff, with special assessments possible for capital projects. Monthly fees for this project are not published on this page; request the current budget. Not verified.
Not verified
Deposit process
Pre-construction purchases in Florida commonly require staged deposits across contract, groundbreaking, and closing milestones, held in escrow. The exact schedule for this project should be confirmed in writing with the developer before you commit. Not verified.
Not verified
Flood and wind insurance
Coastal Florida properties carry flood and windstorm insurance requirements that can add meaningfully to monthly carrying costs, and premiums have risen across the state. The current premium profile for this project is not published on this page; confirm with an insurance advisor. Not verified.
Not verified
Buyer questions
Tula Residences, answered.
Pricing, deposits, timelines, the developer, and the investment case, answered directly. For the broader picture on South Florida new construction, browse the full FAQ hub.
New Construction South Florida FAQsWhat are the starting prices at Tula Residences?
The developer guides entry pricing below $2 million, while pre-construction listings have run from about $2.4 million and resale listings from roughly $2.65 million. Confirm current terms with the sales team.
When will Tula Residences be completed?
The tower topped out in October 2026 with completion targeted for the third quarter of 2027.
How many residences are in Tula Residences?
The 21-story tower holds 54 residences, including two-, three-, and five-bedroom floor plans and six penthouses.
Is Tula Residences a good investment?
The first new North Bay Village condo in a decade, with a topped-out structure and bayfront exposure, has a strong scarcity case. We compare entry against neighboring island resales before advising.
Can I rent out a residence at Tula Residences?
Rental eligibility at Tula Residences was not verified at the time of our latest review. New-construction buildings and communities in Florida often restrict short-term rentals or set minimum lease terms, so rental rules are confirmed in the governing documents before you commit. Contact for current information on this project's rental policies.
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