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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 ā€“ headed by industrialists Robert C. Graham, Walter O. Briggs, and Carl G. Fisher ā€“ 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

    $2,654,396

    AVERAGE PRICE OF 357 HOMES

    $2,300,000

    AVERAGE PRICE OF 1 DISTRESSED HOMES

    $4,174,568

    AVERAGE PRICE OF 210 MULTI-MILLION DOLLAR HOMES

    $6,138,423

    AVERAGE PRICE OF 41 NEWLY BUILT HOMES

    $4,063,311

    AVERAGE PRICE OF 26 HOMES WITH A POOL

    $2,550,909

    AVERAGE PRICE OF 142 REDUCED PRICE HOMES

    Average Home

    Average Price $2,654,396
    Avg Bedrooms 2 beds
    Avg Bathrooms 3.06 baths

    Average Price by Bedrooms

    1 bedroom $853,668
    2 bedrooms $1,619,367
    3 bedrooms $4,374,577
    4 bedrooms $4,927,578
    5 bedrooms $7,858,500
    Bal Harbour Home Price Trends
      12/2017 11/2017 10/2017 9/2017 8/2017
    Total Listings 370 361 346 345 322
    Average Price $2,551,388 $2,497,727 $2,468,284 $2,489,932 $2,616,110
    Avg Price Change +2.15% +1.19% -0.88% -5.07% -12.21%
    Median Price $1,401,500 $1,322,533 $1,265,855 $1,374,833 $1,475,200
    Med Price Change +5.97% +4.48% -8.61% -7.30% -24.81%
    Avg Bedrooms 2 beds 2 beds 2 beds 2 beds 2 beds
    Avg Bathrooms 3.04 baths 3 baths 3 baths 3 baths 2.98 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Market
    Miami Beach 33 $2,548,182 n/a
    Home Price by House Size
    Total Homes Average Price Avg Days on Market
    All Homes 357 $2,654,396 n/a
    Distressed Homes 1 $2,300,000 n/a
    Multi-Million Dollar Homes 210 $4,174,568 n/a
    Newly Built Homes 41 $6,138,423 n/a
    Homes with a Pool 26 $4,063,311 n/a
    Reduced Price Homes 142 $2,550,909 n/a

    School Data

    Highly Rated Bal Harbour Schools

    9

    AIR BASE ELEMENTARY SCHOOL
    Middle School
    Public

    10