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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

$2,566,597

AVERAGE PRICE OF 355 HOMES

$4,700,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$4,159,245

AVERAGE PRICE OF 204 MULTI-MILLION DOLLAR HOMES

$5,360,232

AVERAGE PRICE OF 57 NEWLY BUILT HOMES

$2,654,278

AVERAGE PRICE OF 30 HOMES WITH A POOL

$2,621,558

AVERAGE PRICE OF 143 REDUCED PRICE HOMES

Average Home

Average Price $2,566,597
Avg Bedrooms 2.27 beds
Avg Bathrooms 3.02 baths

Average Price by Bedrooms

1 bedroom $833,896
2 bedrooms $1,637,144
3 bedrooms $3,767,413
4 bedrooms $4,203,116
5 bedrooms $11,499,780
Bal Harbour Home Price Trends
  4/2018 3/2018 2/2018 1/2018 12/2017
Total Listings n/a 365 361 358 370
Average Price n/a $2,668,517 $2,689,313 $2,638,491 $2,551,388
Avg Price Change n/a -0.78% +1.93% +3.41% +2.15%
Median Price n/a $1,509,299 $1,592,036 $1,504,581 $1,401,500
Med Price Change n/a -5.48% +5.81% +7.36% +5.97%
Avg Bedrooms n/a 2 beds 2 beds 2 beds 2 beds
Avg Bathrooms n/a 3.01 baths 3.04 baths 3.05 baths 3.04 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Market
Miami Beach 24 $2,430,204 119 days
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 355 $2,566,597 166 days
Distressed Homes 1 $4,700,000 39 days
Multi-Million Dollar Homes 204 $4,159,245 173 days
Newly Built Homes 57 $5,360,232 154 days
Homes with a Pool 30 $2,654,278 168 days
Reduced Price Homes 143 $2,621,558 210 days

School Data

Highly Rated Bal Harbour Schools

9

AIR BASE ELEMENTARY SCHOOL
Middle School
Public

10
Julie's Realty LLC
Julie Sidorevskaya
1700 Kennedy Causeway #160 North Bay Village, FL 33141
305-340-1857

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The multiple listing information is provided by MIAMI Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listingare © 2018 MIAMI Association of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.