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Waterfront · Condominium
$1,299,000$1,018 / sqft
9940 W Bay Harbor Dr, Bay Harbor Islands FL 33154
Listed
2
Bedrooms
2
Bathrooms
1,276 sqft
Interior
2016
Year built
$1,907 / mo
HOA
Condominium
Type
About this home
Discover this exceptional Turn Key flow-through corner residence offering 2 bedrooms, 2 bathrooms, and beautiful city and water views in an exclusive boutique waterfront building Kai Bay Harbor This spacious residence features a thoughtfully designed layout with abundant natural light, a modern kitchen with European-style cabinetry and polished granite countertops, elegant white ceramic flooring throughout, and bathrooms featuring marble finishes. The property includes one deeded 24-foot marina slip, two assigned parking spaces, and one private storage unit, providing exceptional convenience and value. Residents enjoy exclusive amenities, including a rooftop swimming pool with breathtaking views of Biscayne Bay and spectacular sunsets, a fitness center, and a private marina. Ideally situated in the prestigious Bal Harbour area, this residence offers an exceptional waterfront lifestyle. Enjoy walking distance to pristine beaches, fine dining, boutique restaurants, and the world-renowned Bal Harbour Shops. The property is also conveniently located near highly regarded schools, including Ruth K. Broad Bay Harbor K-8 Center, Nautilus Middle School, and Miami Beach Senior High School. An outstanding opportunity to enjoy luxury waterfront living in one of Miami's most desirable neighborhoods.
Features
- First Floor Entry
- Barbeque
- Bay
- Canal
- Intracoastal View
- Water View
Leasing
- Minimum lease
- 183 days
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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,300–$5,600.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.