Colony Bay Harbor Apts Co Homes for Sale

Colony Bay Harbor Apts Co is a waterfront community in Bay Harbor Islands, Miami-Dade County, Florida. Active listings are priced from $799,000 to $1,000,000. Homes were built starting 1967. Pure Equity lists homes in Colony Bay Harbor Apts Co 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 Colony Bay Harbor Apts Co 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 a single listing for Colony Bay Harbor Apts Co Bay Harbor Islands homes for sale as of October 2026. The median asking price is $770,000.

That is 45% below the Bay Harbor Islands median of $1.4M. On a per-foot basis, homes here ask about $612 per square foot, compared with $878 across Bay Harbor Islands. So the median price buys roughly 1,250 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 278 days on the market. That is slower than the Bay Harbor Islands average of 161 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Colony Bay Harbor Apts Co date from 1967, so they are about 59 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.

Colony Bay Harbor Apts Co 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.

Colony Bay Harbor Apts Co is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Colony Bay Harbor Apts Co have a median asking rent of $5,750 per month, across 2 active rental listings. For comparison, the Bay Harbor Islands median is $4,200, so rents here run 37% higher.

You can browse current Bay Harbor Islands rentals or ask us for a rent estimate on a specific Colony Bay Harbor Apts Co home.

Here is what the median Colony Bay Harbor Apts Co price means in Florida closing terms. At $770,000, a 20% down payment comes to about $154,000, leaving a loan near $616,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,156. Next, the intangible tax of 0.2% adds about $1,232. 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 $4,620 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.