Bay Harbor Waterfront Tear-Downs Hit $5M Median
Builders chasing $10M+ rebuilds have pushed waterfront teardown median pricing to a new village high.

Walkable upscale village between Bal Harbour and the mainland — bay-front single-family homes and boutique condos.
Two small islands across the bay from Bal Harbour Shops. A genuinely walkable village with tree-lined streets, top-rated K-8 schools, and one of the last meaningful inventories of bay-front single-family homes on Miami Beach's barrier-island chain.
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Bay Harbor Islands sits on two small connected islands between Bal Harbour and the Broad Causeway, accessible in under five minutes from Bal Harbour Shops and the Atlantic Ocean. It is one of the very few Miami-area communities that delivers genuine walkability — residents stroll along Kane Concourse for coffee, sushi, and a Whole Foods run, then bike home along the waterfront. That combination of village density and bay-front single-family inventory is the village's signature, and it explains why long-time Miami Beach families quietly migrate here when they outgrow a Sunset Islands or Venetian Islands footprint. The East Island is predominantly residential — a grid of waterfront single-family homes on point lots and interior canals, many with dockage suitable for 40–70' yachts and direct ocean access through Haulover Cut in under 15 minutes. The West Island carries the village's mixed-use core: the 96th Street and Kane Concourse retail spine, the boutique condo inventory (10 Bay Harbor, Le Jardin, Origin, Bijou), and the highly-regarded Ruth K. Broad / Bay Harbor K-8 Center, an A-rated public school that anchors family demand. Inventory is structurally constrained — the islands are land-locked and largely built-out — which has historically supported steady appreciation and short days-on-market. For buyers cross-shopping /neighborhoods/bal-harbour and /neighborhoods/aventura, Bay Harbor Islands threads the needle: lower entry pricing than Bal Harbour with substantially more single-family choice, and far more village character than Aventura's tower-dominated skyline. Boutique new-construction condos like Origin and Bijou have recently delivered $2M–$5M units with private elevators and rooftop pools, while waterfront tear-downs in the $4M–$6M range are being rebuilt into $8M–$14M contemporary estates. If you own here and are sizing a sale, start with /listing-valuation; if you're relocating into the village, /buyer-consultation will line up boat-slip and school-boundary criteria simultaneously.
Tree-lined streets, sidewalks, and a real retail spine — rare in luxury Miami.
One of the last meaningful inventories of waterfront single-family homes on the barrier islands.
Ruth K. Broad / Bay Harbor K-8 Center anchors family demand and resale liquidity.
Five minutes to Bal Harbour Shops, the Ritz-Carlton, and the Atlantic Ocean.
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| Property Type | Price Range |
|---|---|
| Bay-Front Single-Family | $4M - $15M+ |
| Interior Family Homes | $2M - $5M |
| Boutique New-Construction Condos | $1.5M - $6M |
| Legacy Mid-Rise Condos | $500K - $1.5M |
Builders chasing $10M+ rebuilds have pushed waterfront teardown median pricing to a new village high.
Arquitectonica-designed boutique condo Origin reaches sellout before its Q3 2026 completion — strong signal for the village condo tier.
Single-family homes inside the Bay Harbor K-8 attendance zone outperformed comparable Surfside inventory by 18% in 2025.
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Iconic oceanfront living

Private island living

Exclusive oceanfront enclave

Island paradise living
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