Bal Harbour
About Bal Harbour
Pros & Cons
Top 3 Things To Do
Median Price
The Location
Day & Nightlife
Walk Score
Comparable Neighborhoods
Demographics
About Bal Harbour
Bal Harbour is money.
Description of the Neighborhood:
Nestled along the pristine shores of Miami Beach, Bal Harbour is a haven of luxury and tranquility.
Renowned for its upscale ambiance, this exclusive enclave offers a mix of high-end residential properties, world-class shopping, and pristine beaches.
Bal Harbour is characterized by immaculately landscaped streets, opulent waterfront residences, and a refined atmosphere.
Pros & Cons
PROS:
Luxurious Lifestyle:
Bal Harbour is synonymous with luxury, offering upscale shopping at the Bal Harbour Shops and a refined atmosphere throughout the community.
Pristine Beaches:
Residents enjoy access to some of Miami’s most pristine beaches, providing a serene and exclusive coastal experience.
Cultural Scene:
The neighborhood hosts cultural events and is in proximity to art galleries and museums, adding depth to the lifestyle.
CONS:
Cost of Living:
The exclusivity and luxury of Bal Harbour come with a high cost of living, making it one of the pricier neighborhoods in Miami.
Limited Affordable Housing:
Finding affordable housing options can be challenging, as the real estate market predominantly features high-end properties.
Top 3 Things To Do
Top 3 Things to Do in the area:
Bal Harbour Shops:
Indulge in luxury shopping at the renowned Bal Harbour Shops, featuring high-end fashion brands and upscale boutiques.
Haulover Park:
Enjoy outdoor activities and relax on the sandy beaches of Haulover Park, known for its natural beauty and recreational offerings.
Dining at Waterfront Restaurants:
Experience exquisite dining at waterfront restaurants offering scenic views and a culinary journey.
Best Time of the Year to Visit:
The best time to visit Bal Harbour is during the winter months, from December to April, when the weather is mild and outdoor activities can be enjoyed comfortably. This period also aligns with the peak of cultural events and social activities in the neighborhood.
Median Price
Median Residential Rent:
Residential rentals in Bal Harbour tend to be at the upper end of the spectrum, with a median rent of approximately $4,500 per month. The neighborhood’s exclusivity is reflected in the housing costs.
Median Residential Sale:
The median residential sale price in Bal Harbour is notably high, often exceeding the $1 million mark. The real estate landscape is dominated by luxurious waterfront properties and high-end condominiums.
Median Commercial Rent:
Commercial rental rates in Bal Harbour are commensurate with its upscale character, ranging from $60 to $80 per square foot. Businesses seeking a premium location contribute to the elevated commercial rental prices.
Median Commercial Sale:
Commercial properties in Bal Harbour command premium prices, with a median sale price of approximately $1,200 per square foot. This reflects the desirability of the area for businesses looking to establish a presence in a high-end, exclusive community.
Data as of 12/2023 researched by RealFeed Research Department.
The Location
Day & Nightlife
What’s Happening?
During the day, Bal Harbour comes alive with upscale shopping experiences at the Bal Harbour Shops, offering high-end fashion brands and upscale boutiques. In the evening, the nightlife scene is sophisticated and vibrant, with waterfront restaurants providing exquisite dining options and scenic views.
Residents and visitors can enjoy a leisurely stroll along the pristine beaches or indulge in cultural events, adding depth to the community’s after-dark allure.
Bal Harbour strikes a balance between exclusive tranquility and a cosmopolitan nightlife, making it a sought-after destination for those seeking the epitome of luxury living in Miami.
Residents looking for a livelier nightlife can easily explore neighboring areas such as Sunny Isles Beach and North Miami Beach, where more bustling options are available.
Walk Score
The Most Walkable
9700 Collins Avenue
Very Walkable
Comparable Neighborhoods
Comparable to Bal Harbour is Aventura.
Aventura shares the upscale appeal with Bal Harbour. Both neighborhoods boast high-end shopping, luxury residences, and a focus on a sophisticated lifestyle.
Surfside: With a more laid-back vibe yet maintaining a level of exclusivity, Surfside is a neighboring community known for its beautiful beaches and upscale residences.
Similar Areas
Demographics
Bal Harbour attracts a discerning demographic that appreciates the finer things in life.
The population is often comprised of affluent professionals, business executives, and individuals seeking a luxurious coastal lifestyle.
The neighborhood’s cultural diversity adds to its vibrant and cosmopolitan atmosphere.