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Bal Harbour

Introduction

General Overview

Bal Harbour provides a quiet year-round coastal living for families. Although the village is a community with a relaxed vibe, it is close to Miami’s more lively metropolis and has its own vibrant shopping scene. It has a total area of 0.6 square miles, with 0.3 square miles of land and 0.2 square miles of water. The village has a population of around 2,513.

Location

Bal Harbour is located on the northern tip of Miami Beach and is connected by a bridge to Haulover Park. It is 40 minutes away from downtown Miami by car and 35 minutes away from Fort Lauderdale. 

The main thoroughfare passing through Bal Harbour is Collins Avenue or Florida State Highway A1A. Surrounding areas include Haulover Park, Biscayne Bay, and Bay Harbor Islands. 

Real Estate Community in Bal Harbour

Average Land Area/House Square Feet

Condominiums have an average size of 2,060 square feet. Single-family homes have an average size of 6,000 square feet. 

Common Property Types or House Styles

Luxe condominiums, large estates, single-family homes, and townhomes make up the village of Bal Harbour. These properties offer an oceanfront view and lush landscaping to complement the master-planned community’s charm. Only 10% of the properties in Bal Harbour are single-family homes. Condominiums feature complete amenities such as boating access, exclusive pools, and private tennis courts. 

Average Market Pricing

Prices of Bal Harbour homes for sale range from $2,100,000 to $24,950,000.  Median list price of single-family homes is $4.99 million. Beachfront condos for sale in Bal Harbour cost anywhere from $1,700,000-$2,390,000. Median list price of condos is $2.35 million.

Common Design, Construction, or Architectural Types

Condominiums overlooking the ocean have a modern design. Single-family homes were constructed in the 1950s until the 1980s but many have already underwent renovations to include modern amenities and features. These homes vary in architectural styles. The common theme, however, is poshly landscaped exteriors with tropical foliage and palm trees right outside the properties.

Notable Homeowners

Throughout the years, Bal Harbour has been the prime residential area for prominent personalities, from Hollywood bigwigs to persons in the White House. Presidents John F. Kennedy, Lyndon Johnson, Richard Nixon, and Bill Clinton all have lived in Bal Harbour.

The CEO of Carnival Cruise and owner of Miami Heat, Micky Arison, also owns a property in the village. Capt. Martin Bayerle of History Channel’s Billion Dollar Wreck is also one of the names included in Bal Harbour’s roster of celebrity homeowners. 

Edith Bouvier Beale, a socialite, fashion model, and cousin of Jacqueline Onassis, spent her last years in Bal Harbour as well.

Living in Bal Harbour

General Cost of Living

The cost of living in Bal Harbour is more than twice the US average. Housing is the main factor that contributes to the high cost of living in the village. Transportation and groceries come in second as the main drivers of the high cost of living in the area.

Weather

January, February, and December are the most pleasant months in terms of weather. Meanwhile, weather in August and July is the least favorable. Coldest nighttime temperature is 59°F and the hottest temperature is 89.9°F. 

Employment/Job Opportunities

Average household income in Bal Harbour is $70,641. The most profitable industries in the area are retail, health care, information, real estate, rental and leasing, finance and insurance, professional services, and food service.

Restaurants

Bal Harbour Shops is home to a large selection of dining options, from fine dining restos to outdoor cafes and bistros. Menu options include Italian, French, Japanese, and American cuisines. Recommended restaurants are Carpaccio, Brasserie La Goulue, Makoto, Villa Castelli, J&G Grill, and Le Zoo. 

Schools

There are several schools serving Bal Harbour. Some of these educational institutions are Miami Beach Senior High School, Ruth K. Board Bar Harbor K-8 Center, Air Base Elementary School, Nautilus Middle School, Riviera Preparatory School, Blessed Trinity Catholic School, St. Lawrence Elementary School, Holy Family School, and St. Patrick Elementary School.

Transportation

Most people drive their own vehicles. Residents also get around using the Bal Harbour Express Shuttle, which has stops in Bal Harbour, Bay Harbor, Surfside, Sunny Isles, and Aventura. 

Parks, Recreational Activities, and Attractions

Shopping is one of the main attractions in Bal Harbour. Bal Harbour Shops, a 500,000-square foot property, is an al fresco shopping mall carrying a long list of designer brands for avid shoppers. Some of these brands are Ralph Lauren, Prada, Chanel, Giorgio Armani, Dolce & Gabbana, and Michael Kors.

Enjoy a seaside escape all year-round by living in Bal Harbour. If you are interested in purchasing a residential property in Bal Harbour, get in touch with The Jills Zeder Group at 305.722.5721 or 305.341.7447 to get started.

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Area:Bal Harbour
Re-Sale Price Range:$2,850,000-$35,000,000
Rental Price Range:$5,000-$60,000

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