The Well Homes for Sale

The Well is a residential community in Bay Harbor Islands, Florida. Active listings are currently priced from $2.8M–$2.8M.

Pure Equity Realty covers The Well 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 The Well Bay Harbor Islands homes for sale as of October 2026. The median asking price is $2.79M.

That is 120% above the Bay Harbor Islands median of $1.27M. On a per-foot basis, homes here ask about $1,592 per square foot, compared with $905 across Bay Harbor Islands. So the median price buys roughly 1,750 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 26 days on the market. That is faster than the Bay Harbor Islands average of 168 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in The Well date from 2026, so they are about 0 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Rentals in The Well have a median asking rent of $14,000 per month, across 3 active rental listings. For comparison, the Bay Harbor Islands median is $4,100, so rents here run 241% higher.

You can browse current Bay Harbor Islands rentals or ask us for a rent estimate on a specific The Well home.

Here is what the median The Well price means in Florida closing terms. At $2.79M, a 20% down payment comes to about $559,000, leaving a loan near $2.24M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $7,826. Next, the intangible tax of 0.2% adds about $4,472. 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 $16,770 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 Well 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.