Initially known as one of the few Miami-Dade County municipalities to be built with a fully realized master plan in place, the village of Bal Harbour today is recognized for its luxury shopping, homes and hotels.

  • The village's council recently struck down a $400 million proposed expansion of Bal Harbour Shops.

  • Most of the village's condo inventory is priced above $2 million.
  • The current median list price of a home in the village is $865,000.

Initially known as one of the few Miami-Dade County municipalities to be built with a fully realized master plan in place, the village of Bal Harbour today is recognized for its luxury shopping, homes and hotels.

Boasting a small population of 2,633, Bal Harbour is split down the middle by State Route A1A, with condos and hotels lining the west side of the village along Bal Harbour Beach. On the other side of A1A lies Bal Harbour Shops along with homes sporting bayside views.

High-end shopping in Bal Harbour

Considered one of the most productive luxury fashion shopping centers in America, Bal Harbour Shops is an open-air mall that features primarily high-end designer shops. The landscaping through the center is also touted.

In mid-April the village’s council rejected a $400 million proposal that sought to expand the center. Nearby are some of the village’s highly rated hotels including The St. Regis Bal Harbour Hotel, The Ritz-Carlton Bal Harbour, and Bal Harbour Quarzo.

Luxury homes in Bal Harbour

If you’re looking to buy in Bal Harbour the median listing price for the 605 homes, single-family and condos, currently on the market is $865,000, according to Realtor.com.

Eyeing only condos, the majority of the village’s supply is valued at more than $2 million. There exists a minimal inventory of condos priced between $500,000 and $1 million. During the past year the market has seen between 17 and 30 condo sales monthly.

A notable resident of the village is Micky Arison, the owner of the Miami Heat who is said to have a real time net worth of $7.5 billion. He previously spent 34 years as the CEO of Carnival Cruises.

Given its small area, the village houses no schools; however in adjacent Bay Harbor Islands is Ruth K. Broad Bay Harbor Center. The school recently received a score of 10 from GreatSchools and is part of Miami-Dade County Public School. The center has an enrollment of roughly 13,000, which includes pre-kindergarten through eighth grade.

The nearest high school to Bal Harbour is across the Biscayne Bay in North Miami, a roughly 4.5-mile drive.

Erik Pisor

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Black Friday starts now! We've got great deals on Inman Connect New York in-person and virtual tickets. Register now×
Cyber Week Sale: Get 1 year of Inman Select for $75.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription