Bay Harbor Islands North Miami Last Frontier
Bay Harbor Islands may be one of the last few places where new construction will continue to grow and expand. Two Islands of Bay Harbor are just about the only few places left where there is some room for new construction. While west island is strictly zoned for single family homes it still offers opportunities for few waterfront tear down and empty lots available to build you waterfront dream home.
This is not one of those situations where builders are buying off the empty lots in so so areas and start redeveloping it, where you have to wait five to ten years for everything to catch up and revitalize. This is Bal Harbor it is located just west of Bal Harbour famous beachfront luxury condos west on 96 St or Kane Concourse just across the bridge. Just across the bridge from the Shops of Bal Harbour with luxury boutique stores, restaurants and entertainment.
Residential Zoning Types
Bay Harbor East Island is zoned for multi family, single and mixed uses as well as commercial. The infrastructure is in place everything is here and it is already one of the popular places to visit and reside on North Miami. Bal Harbor Islands offer the opportunity for a visionary person to still get in well bellow the market pricing into a new construction condominium complex.
Many new construction complexes like O Residences, RIVA Bay Harbor or KAI in Bay Harbor that are located on the waterfront have been sold out and that leaved a few opportunities for new construction inside the island which is not that big to start with. So these opportunities will go fast and the complexes that are coming online are not large to start with. Bal Harbor has a height restriction so most of the complexes can not be more than 7 or 9 stories high.
As I mentioned earlier lots are scarce to come by in Bay Harbor Islands so some of the new construction complexes will be luxury small
boutiques 15 to 30 residences in total which is what makes them so attractive. They will offer some amenities and state of the art modern features, but the best part is they are being offered in a $350 to $450 price range per square foot depending on the floor. That is NEW CONSTRUCTION with everything brand new turnkey ready.
Bay Harbor New Construction Boom
About 25 new construction condos in Bay Harbor have been approved so far but as the word gets out and these units sell off prices are bound to go up. Just the fact that everything on the waterfront is getting developed should bring the price of the inside construction up by default, but regardless at these prices with such a small inventory in the complexes they will sell in No time.
The two projects that I am talking about are Le Jardin Residences which is a 30 unit complex and a smaller condo project of only 15 residences is Pearl House click the links to see more unit specific info. Both complexes are inland of the east island of Bal Harbour and both will feature modern amenities and luxuries.
Give us a call to schedule a showing and see first hand what makes these condos a steal at these prices. 786-505-4786