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Bal Harbour

Why you'd want to live in Bal Harbour

Since the 1920s, the Detroit-based Miami Beach Heights Corporation – headed by industrialists Robert C. Graham, Walter O. Briggs, and Carl G. Fisher – owned 245 acres (0.99 km2) of undeveloped, partially swampy land that stretched from the bay to the Atlantic. Mr. Graham assumed the duties as the developer for Bal Harbour. In the 1930s, city planners Harland Bartholomew & Associates were called in to design the Village. The company made several plans and they were submitted to the Miami Beach Heights for review. The original name chosen for Bal Harbour was Bay Harbour. However, the planning committee didn't think that was appropriate for a city that was on the beach. A name was invented to encompass a village that ran from the bay to the Atlantic Ocean. The "b" was taken from the word bay and the "a" and "l" were taken from the name Atlantic. Hence the word "Bal" was created.[4] In 1940, World War II began and the plans were put on hold. As a goodwill gesture to the government, Robert C. Graham rented the land to the United States Air Corps for $1 per year. The Air Corps used this land to train their soldiers and established a Prisoner of War camp. The ocean front area was used as a rifle range and the barracks were set up on the west side of Collins Avenue. The camp for prisoners was located where the Bal Harbour Shops are presently. In 1945, the war was over in both Germany and Japan. The Air Corps left the barracks buildings as a thank you to the owners of the property. These barracks were converted into apartment homes by Mr. Graham in 1946. In order to incorporate a city in 1946, there had to be at least 25 male registered voters residing in the area. Mr. Graham had twenty five families move into the apartment homes that he had converted in order to qualify the Village for incorporation. He then hired Willard Webb, a Miami Beach tax assessor, to draft a charter for the Village. After the charter was completed, the Village of Bal Harbour was incorporated on August 14, 1946. via https://en.wikipedia.org/

Bal Harbour Bal Harbour Shops Atlantic Ocean Ocean Condo Ocean View Condo

Bal Harbour Market Report

$4,081,938

AVERAGE PRICE OF 230 HOMES

$7,032,409

AVERAGE PRICE OF 130 MULTI-MILLION DOLLAR HOMES

$14,705,770

AVERAGE PRICE OF 6 NEWLY BUILT HOMES

$3,420,433

AVERAGE PRICE OF 88 HOMES WITH A POOL

$3,244,833

AVERAGE PRICE OF 6 REDUCED PRICE HOMES

Average Home

Average Price $4,081,938
Avg Bedrooms 2.39 beds
Avg Bathrooms 3.19 baths

Average Price by Bedrooms

1 bedroom $859,115
2 bedrooms $1,684,033
3 bedrooms $5,149,002
4 bedrooms $10,797,960
5 bedrooms $12,500,000
Bal Harbour Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 228 222 220 213 205
Average Price $4,392,399 $4,506,021 $4,596,000 $4,815,158 $4,889,792
Avg Price Change -2.59% -2.00% -4.77% -1.55% -2.19%
Median Price $1,562,628 $1,784,833 $1,844,013 $2,083,238 $2,115,896
Med Price Change -14.22% -3.32% -12.97% -1.57% +19.34%
Avg Bedrooms 2.39 beds 2.38 beds 2.43 beds 2.46 beds 2.49 beds
Avg Bathrooms 3.22 baths 3.2 baths 3.26 baths 3.29 baths 3.35 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Miami Beach 24 $3,083,188 198 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 230 $4,081,938 178 days
Multi-Million Dollar Homes 130 $7,032,409 175 days
Newly Built Homes 6 $14,705,770 193 days
Homes with a Pool 88 $3,420,433 206 days
Reduced Price Homes 6 $3,244,833 64 days
Julie's Realty LLC
1700 79th Street Causeway, Suite 160
North Bay Village, FL 33141
305-751-6400

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