Two small islands sitting in Biscayne Bay a stone’s throw from Miami Beach are about to change drastically as brand-name investors rush into what some experts are saying is a still “undervalued” area.
Treasure Island and North Bay Island—collectively known as North Bay Village—are nestled between the Upper East Side of Miami to the west and Miami Beach to the east.
Until recently, the little islands with a population of roughly 8,000 were essentially used to get back and forth on the causeway from those better known areas. But now, North Bay Village is its own destination and is set to transform into an ultraluxury haven…