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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

$2,592,685

AVERAGE PRICE OF 336 HOMES

$1,037,450

AVERAGE PRICE OF 2 DISTRESSED HOMES

$4,256,872

AVERAGE PRICE OF 189 MULTI-MILLION DOLLAR HOMES

$6,909,334

AVERAGE PRICE OF 3 NEWLY BUILT HOMES

$2,861,911

AVERAGE PRICE OF 67 HOMES WITH A POOL

$452,000

AVERAGE PRICE OF 2 REDUCED PRICE HOMES

Average Home

Average Price $2,592,685
Avg Bedrooms 2.27 beds
Avg Bathrooms 3 baths

Average Price by Bedrooms

1 bedroom $841,201
2 bedrooms $1,627,988
3 bedrooms $3,942,725
4 bedrooms $5,877,094
5 bedrooms $7,294,500
Bal Harbour Home Price Trends
  12/2020 11/2020 10/2020 9/2020 8/2020
Total Listings 354 376 383 358 347
Average Price $2,459,247 $2,355,976 $2,381,416 $2,208,518 $2,158,834
Avg Price Change +4.38% -1.08% +7.83% +2.30% -2.07%
Median Price $1,338,732 $1,188,793 $1,154,685 $935,853 $893,107
Med Price Change +12.61% +2.95% +23.38% +4.79% +1.05%
Avg Bedrooms 2.27 beds 2.24 beds 2.27 beds 2.23 beds 2.21 beds
Avg Bathrooms 2.99 baths 2.95 baths 2.99 baths 2.95 baths 2.94 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Alonzo And Tracy Mourning Sr. High 1 $545,000 83 days
Miami Beach 29 $1,703,731 177 days
Miami Senior 1 $4,500,000 179 days
North Miami Beach 1 $1,750,000 131 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 336 $2,592,685 214 days
Distressed Homes 2 $1,037,450 177 days
Multi-Million Dollar Homes 189 $4,256,872 211 days
Newly Built Homes 3 $6,909,334 315 days
Homes with a Pool 67 $2,861,911 264 days
Reduced Price Homes 2 $452,000 137 days
Julie's Realty LLC
1700 79th Street Causeway, Suite 160
North Bay Village, FL 33141
305-751-6400

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