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9940 W Bay Harbor Dr, Bay Harbor Islands FL 33154
About this home
Welcome to the crown jewel of KAI — a stunning 7th-floor penthouse corner residence offering the rarest combination in Bay Harbor Islands: spectacular Southwest-facing panoramic views of Biscayne Bay, the Intracoastal, and the canal, with a boat slip available for purchase. This expansive 3-bed/3-bath residence spans 1,882 SF with an open, airy layout flooded with natural light. Beautifully appointed throughout — MiaCucina cabinetry, quartz countertops, Bosch appliances, marble baths with dual sinks, walk-in closets, impact glass, and elegant tile floors. In-unit washer/dryer. Two side-by-side assigned garage spaces. KAI is a boutique 7-story building designed by Arquitectonica featuring a rooftop infinity-edge pool, spa, BBQ terrace, fitness center, 24-hour concierge, and marina. Pet friendly. Steps to the beach, Bal Harbour Shops, top restaurants, and A+ rated Ruth K. Broad K-8 Center. Easy access to Aventura, Sunny Isles, and Miami Beach. Unfurnished and move-in ready. A rare opportunity — penthouse views, two side-by-side parking spaces, boat slip available, and turnkey luxury all in one address.
Features
- First Floor Entry
- Closet Cabinetry
- Elevator
- Fire Sprinklers
- East Of Us1
- Canal
- Intracoastal View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $11,119
- HOA
- $2,814 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.