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Waterfront · Condominium
$1,880,000$999 / sqft
9940 W Bay Harbor Dr, Bay Harbor Islands FL 33154
Listed
3
Bedrooms
3
Bathrooms
1,882 sqft
Interior
2016
Year built
$2,814 / mo
HOA
Condominium
Type
About this home
IMPECCABLE AND UPGRADED WATERFRONT 3-BEDROOM CORNER RESIDENCE in the highly desirable Bay Harbor Islands. EXPANSIVE TERRACES (close to 800 sq ft) surrounded by lush landscaping create a true indoor-outdoor living experience with a private, HOUSE-LIKE FEEL. The residence features IMPECCABLE FINISHES including built-in closets, custom cabinetry, and shades throughout and more. 2 PARKING SPACES SIDE-BY-SIDE. KAI is a newer BOUTIQUE BUILDING offering a 24-hour front desk and concierge. Perfectly located, just a short walk to A-rated public school, Bal Harbour Shops, restaurants, cafés, houses of worship, and the beach. Enjoy the SPECTACULAR ROOFTOP AMENITIES including an infinity pool, jacuzzi, and BBQ area with breathtaking 360-degree views of the city, Intracoastal, and ocean. Boat slips available in the building upon request. ** Experience the best of South Florida waterfront living! **
Features
- Lobby
- Built-in Features
- Closet Cabinetry
- Walk-In Closet(s)
- Utility Room/Laundry
- Open Balcony
- Canal
- Intracoastal View
- Water View
Leasing
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,000–$11,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.