Bay Point Estates, is one of the most exclusive neighborhoods in the City of Miami, Florida. It is located in Miami's Upper Eastside neighborhood, and is a gated community stretching from NE 41st Street to NE 50th Street alongside Biscayne Blvd. The neighborhood streets are privately owned by the households, of which there are approximately 250. To maintain the streets and the neighborhood's 24-hour security, all residents must pay neighborhood dues that can total to as much as $1,200 a year.
Prices for homes in the Miami enclave range from approximately $1,100,000 for a decent, 3,000 square foot home on a dry lot, to just south of $9,000,000 for a larger 6,500 square foot home with widebay views. One reason for the neighborhood's desirability is its location. Centralized in the City of Miami, it is essentially a suburban contiguity located in the heart of the Miami area's urban core. It is less than ten minutes from downtown Miami and South Beach, and within twenty minutes away from most other major centers in Miami, such as Coral Gables, Hialeah, and Aventura, Florida. Much of the neighborhood's high real estate values are thanks not to the homes, but the property the house sits on.
The resident's permier homes are lined along Sabal Palm Road, one of the most expensive streets to live on in the United States.
The style of the homes varies. Most of the homes were built between 1940 and 1960, and exhibit architectural styles ranging from contemporary Floridian to ranch.
Many of the neighborhood's wealthy residents are among the most prominent lawyers, doctors, and businessmen in Miami. Its most famous current and former residents include Enrique Iglesias, Liván Hernández, Willy Chirino, and DMX.
It is adjacent to Morningside, another affluent, historic residential neighborhood in Miami's urban core.