As a result, Bay Harbor Islands along with the neighboring markets of Surfside with more than 435 new units in the pipeline and Bal Harbour with 240 additional condos combined rank as the eighth most active preconstruction area east of I-95 in South Florida.
The property is located on Bay Harbor Island, a growing and vibrant community of fine homes, luxury condominiums, retail shops, restaurants, and professional businesses. It has an average income of $129,965, and contains direct access to the beach and highway via 96th St (Kane Concourse), which runs directly through Bay Harbor Islands. Just east of the subject property, one can find the city of Bal Harbor and Surfside along Collins Avenue, where there are a number of restaurants, bars, shops, and business within walking distance of the property. In addition the Bal Harbour Shops are located just blocks from the property, where one can find an upscale mall with designer shops.
Bay Harbor Islands is highly sought due to its excellent location and comfortable living. The area has become a very desirable location for investors due to the high demand for waterfront views and the desirability to live in an upscale neighborhood. The surrounding area contains a number of higher priced assets compared to the rest of Miami Beach. The location of the property sets it in one of Miamis most advantageous locations, with the potential for further appreciation and growth. This property gives the investor an opportunity to purchase rare undeveloped land with great economic potential.
- Rare Development Opportunity in a High Barrier to Entry Market
- Close Proximity to Bal Harbour Shops, Surfside and Sunny Isles
- Waterfront Property Surrounded by Luxury Condominiums and Hotels
- Blocks away from the Atlantic Ocean and High End Dining and Shopping Options