When a brand that builds $3 million hand-assembled hypercars decides to put its name on a building, you pay attention. Pagani Automobili — the Modena-based maker of the Huayra and Utopia, cars produced in numbers so small that owning one is itself a credential — has chosen North Bay Village for its first residential project anywhere in the world. As Miami's pre-construction market keeps attracting branded towers, this one stands apart, and not only because of the badge. Let me walk you through Pagani Residences and why it matters.

The Project at a Glance

Pagani Residences will rise at 7940 West Drive in North Bay Village, the small three-island city tucked into the 79th Street Causeway between Miami and Miami Beach. The developer is Riviera Horizons, and the building is deliberately boutique: just 70 residences total.

That number is the headline. In a market where towers routinely carry 300, 500, even 1,400 units, a 70-home building is an exercise in restraint — and scarcity. There are no one-bedroom units here. Every residence is a two-, three-, or four-bedroom home ranging from roughly 2,000 to 3,300 square feet, and crucially, every single one is a corner unit. That is an architectural decision with real consequences: cross-ventilation, light from two exposures, and water or skyline views from every home rather than a lucky few.

The Numbers

Pricing runs from approximately $1,500 to $2,000 per square foot, with residences starting around $3.7 million. At the top of the building sit two duplex penthouses priced at $30 million and $28.5 million — figures that set a new pricing record for North Bay Village and signal exactly where Pagani intends to position this address.

For context, those penthouse numbers would have been unthinkable in North Bay Village a few years ago. They are a bet — a confident one — that a globally recognized luxury brand can pull a neighborhood's ceiling upward. I have watched this pattern play out before; as I covered in my breakdown of "Mercedes-Benz Places Brickell," an automotive brand attaching its name to residential real estate is no longer a novelty. It is a recognized strategy for creating an identity buyers will pay a premium for.

Design and Finishes

The interiors come from the New York-based Durukan Design, and the specification list reads like a checklist of European luxury. Residences feature wide-plank European wood flooring, custom Italian cabinetry by Snaidero, Miele appliances, Hansgrohe fixtures, and marble flooring in the bathrooms. Ceilings reach generous heights, and floor-to-ceiling glass wraps the corner layouts to pull in light and views.

What you should expect — and what the Pagani name promises — is an obsessive attention to material and craft. The brand's entire identity is built on the marriage of carbon-fiber engineering and artisanal hand-finishing. A building carrying that name has to deliver a tactile, precise, almost automotive level of detail, and the developer knows the badge will be judged on exactly that.

Why North Bay Village

This is the part I want business owners and investors to sit with. North Bay Village is genuinely underrated. It is geographically central — minutes from both the Miami mainland and the beaches — and historically it has been an affordable, low-key enclave. That is changing. The island is in the middle of a redevelopment cycle, and Pagani is one of several projects elevating the area.

For a buyer, the appeal is being early in a neighborhood that is being repriced upward, while owning in a building with permanent scarcity built into it — only 70 homes will ever carry this address. If you have read my piece "Villa Miami Edgewater," you know I value waterfront-adjacent, centrally located land precisely because they are not making more of it. North Bay Village fits that thesis.

The Investment Case for Miami Business Owners

A trophy-branded residence like Pagani plays several roles at once. As a primary home, it is a statement and a genuine lifestyle upgrade. As a second home for an out-of-state or international business owner, it doubles as a foothold for establishing Florida residency — and the tax advantages that come with it. And as a longer-term asset, the combination of boutique scale, a globally bankable brand, and an improving location is the kind of profile that tends to hold value.

A word of discipline, though. Branded pre-construction at $1,500–$2,000 per square foot is a premium product, and you should buy it with eyes open: understand the deposit schedule, the projected closing costs, the HOA budget, and the realistic resale and rental picture before committing. Those are exactly the conversations I have with every client before they sign — the brand is the easy part; the math is what protects you.

Miami Market Snapshot — May 2026:

- Median sale price across Miami (all property types): $594,250 (down roughly 1% year-over-year)

- Active inventory: 7,054 listings — up about 32% year-over-year, a three-year high

- Average days on market: 77 days, favoring buyers in the resale market

- A telling detail: even as the broad market softened, branded and trophy pre-construction continues to set price records — Mandarin Oriental penthouses recently sold at $49.9M each

The Bottom Line

Pagani Residences is not for everyone, and it is not meant to be — 70 homes, by definition, can only belong to 70 owners. What it offers is a rare combination: a first-of-its-kind brand debut, an all-corner design with no compromise units, and an early position in a neighborhood on the way up. For the right buyer or business owner, that is precisely the kind of asset worth a serious look.

View the full Pagani Residences project page with current pricing, floor plans, and availability at carloscabalerealtor.com/new-development/pagani-residences.

Frequently Asked Questions

Q: How much do Pagani Residences in North Bay Village cost?

A: Pricing runs roughly $1,500 to $2,000 per square foot, with residences starting around $3.7 million. The two duplex penthouses are priced at $30 million and $28.5 million, setting a new pricing record for North Bay Village.

Q: How many units are in Pagani Residences?

A: The building is deliberately boutique, with just 70 residences. Every home is a corner unit ranging from roughly 2,000 to 3,300 square feet, offered as two-, three-, or four-bedroom layouts — there are no one-bedroom units.

Q: Who is the developer of Pagani Residences?

A: The project is developed by Riviera Horizons at 7940 West Drive in North Bay Village, with interiors by New York-based Durukan Design. It is the first-ever residential project to carry the name of Italian hypercar maker Pagani Automobili.

Q: Is North Bay Village a good place to invest in real estate?

A: North Bay Village is a centrally located, historically underpriced enclave currently in an upward redevelopment cycle. For investors, the appeal is buying early in an improving neighborhood, though as always the deposit schedule and carrying costs should be evaluated carefully.

Explore the full Pagani Residences project on my website: carloscabalerealtor.com/new-development/pagani-residences