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3
Bedrooms
4
Bathrooms
2,503 sqft
Interior
2026
Year built
$3,053 / mo
HOA
Condominium
Type
About this home
Welcome to ALMA Bay Harbor Islands, one of the best-priced opportunities to own a brand-new luxury residence in this highly sought-after island community. This boutique development combines contemporary architecture, sophisticated finishes, and an intimate residential setting, offering exceptional value among Bay Harbor Islands’ newest luxury projects. Thoughtfully designed residences feature spacious open layouts, abundant natural light, private outdoor living, and elevated finishes throughout. Modern kitchens, refined bathrooms, and seamless indoor-outdoor spaces create a sophisticated yet comfortable approach to Miami living. Ideally located on a quiet residential street in Bay Harbor Islands, ALMA is just minutes from Bal Harbour Shops, Surfside Beach, parks, acclaimed restaurants, houses of worship, and top-rated schools. The neighborhood’s protected low-rise character provides a rare sense of privacy and community while keeping residents close to everything Miami Beach has to offer. For buyers seeking new construction in Bay Harbor Islands without the premium pricing of many neighboring luxury developments, ALMA represents an exceptional combination of location, design, lifestyle, and value. Private presentations available by appointment.
Features
- Walk-In Closet(s)
- Other View
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 4
- Ok To Lease
- Okay To Lease 1st Year
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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 $3,300–$12,000.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.