The Plaza Of Bal Harbour Homes for Sale

The Plaza Of Bal Harbour is an age-restricted 55+ community in Bal Harbour, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $480,000 to $972,000. At least one resident per home must be 55 or older. Pure Equity lists homes in The Plaza Of Bal Harbour and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers The Plaza Of Bal Harbour and the Bal Harbour area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 8 The Plaza Of Bal Harbour Bal Harbour homes for sale as of September 2026. The median asking price is $775,000. Asking prices run from $470,000 to $972,000.

That is 73% below the Bal Harbour median of $2.85M. On a per-foot basis, homes here ask about $675 per square foot, compared with $1,399 across Bal Harbour. So the median price buys roughly 1,150 square feet of living area.

Listings here have averaged 182 days on the market. That tracks the Bal Harbour average of 206 days, so pricing and terms follow the wider city market.

Homes listed in The Plaza Of Bal Harbour date from 1965, so they are about 61 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

The Plaza Of Bal Harbour includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

The Plaza Of Bal Harbour is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in The Plaza Of Bal Harbour have a median asking rent of $4,200 per month, across 23 active rental listings. For comparison, the Bal Harbour median is $7,500, so rents here run 44% lower.

For investors, those medians imply a gross yield near 6.5% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Bal Harbour rentals or ask us for a rent estimate on a specific The Plaza Of Bal Harbour home.

Here is what the median The Plaza Of Bal Harbour price means in Florida closing terms. At $775,000, a 20% down payment comes to about $155,000, leaving a loan near $620,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,169. Next, the intangible tax of 0.2% adds about $1,239. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $4,647 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent The Plaza Of Bal Harbour listings show assignments to Ruth K. Broad Bay Harbor K-8 (elementary) and Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.