Bay Harbour Island Homes for Sale

Bay Harbour Island is a waterfront community in Bay Harbor Islands, Miami-Dade County, Florida. Active listings are priced from $425,000 to $1,400,000. Homes were built between 1967 and 2021. Pure Equity lists homes in Bay Harbour Island 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 Bay Harbour Island and the Bay Harbor Islands 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 5 Bay Harbour Island Bay Harbor Islands homes for sale as of October 2026. The median asking price is $1.05M. Asking prices run from $450,000 to $1.4M.

That is 14% below the Bay Harbor Islands median of $1.22M. On a per-foot basis, homes here ask about $919 per square foot, compared with $858 across Bay Harbor Islands. So the median price buys roughly 1,150 square feet of living area.

Listings here have averaged 94 days on the market. That is faster than the Bay Harbor Islands average of 167 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Bay Harbour Island date from 1967 to 2021. That puts them between 5 and 59 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

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.

Bay Harbour Island 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.

Rentals in Bay Harbour Island have a median asking rent of $2,525 per month, across 12 active rental listings. For comparison, the Bay Harbor Islands median is $4,100, so rents here run 38% lower.

For investors, those medians imply a gross yield near 2.9% 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 Bay Harbor Islands rentals or ask us for a rent estimate on a specific Bay Harbour Island home.

Here is what the median Bay Harbour Island price means in Florida closing terms. At $1.05M, a 20% down payment comes to about $210,000, leaving a loan near $840,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,940. Next, the intangible tax of 0.2% adds about $1,680. 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 $6,300 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 Bay Harbour Island 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.