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Set on the original grounds of the historic Prescott Mansion, Villa Prescott is an exceptional new-construction waterfront estate that reinterprets one of Miami’s most storied residential sites for modern luxury living. Located on private Prescott Lane and positioned directly on open Biscayne Bay, the home offers sweeping bay and downtown skyline views, blending architectural legacy with contemporary design.
The residence sits on an oversized 13, 140 SF bayfront parcel with 70 feet of water frontage, enhanced by a brand-new seawall and extended perpendicular 90+ foot dock. Raymond Jungles designed landscape with full-height understory creates a private, resort-style setting while maintaining a seamless connection to the water.
Spanning 10, 916 SF total, including 8, 118 SF under air, and 1, 293 SF of terraces, the home is designed for refined indoor-outdoor living. A dramatic two-story grand room anchors the residence, framed by expansive glass details that capture cinematic bay views throughout the day. An elevator provides effortless access between levels.
The home features 6 bedrooms and 6. 5 bathrooms, 3 covered parking spaces, and a layout that balances grand entertaining with private retreat. Elevated interior finishes include custom millwork, a wine refrigerator, natural stone finishes, and warm neutral palettes layered with meticulous detailing.
Inquire for 3D development tour. All images are artist’s renderings provided for illustrative purposes.
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Our Executive Mortgage Banker:
Our Insurance Division:
$24,850,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $19,880,000 | $19,880,000 | $19,880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.130% | 5.984% | 5.912% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $112,876 | $117,598 | $165,086 |
| Total Monthly Payment | $113,001 | $117,723 | $165,211 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.