Search Bal Harbour lands for sale with Bal Harbour expert, Lydia Eskenazi.
Find your dream home
Interactive Map
The Bal Harbour housing market is currently experiencing low competition. Last month, the median sale price of a home in Bal Harbour dropped to $653,000, marking a significant decrease of 49.8% compared to the previous year. Additionally, the median sale price per square foot fell to $668, which is a 30.2% decline from last year. This sharp decline in prices may indicate a shift in market dynamics, potentially influenced by a combination of decreased demand and increased supply. Economic factors, changes in buyer preferences, or broader real estate market trends could be contributing to this downturn. Prospective buyers might find this an opportune time to invest in Bal Harbour properties, while sellers might need to adjust their expectations and strategies in response to the changing market conditions.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Sale Price
Purchasing land in Bal Harbour offers the unique advantage of designing and building a custom home tailored to your specific tastes and preferences. Instead of adapting to a pre-built structure, land buyers can work with architects and designers to create a dream home that maximizes ocean views, integrates the latest in home technology, and optimizes space for luxury living. This level of personalization is highly appealing to those looking for a one-of-a-kind property in an elite location.
Land in Bal Harbour is limited, especially in such a high-demand, exclusive area. This scarcity significantly boosts the potential for long-term value appreciation. Whether for personal use or as an investment, buying land in this prestigious market allows you to capitalize on rising property values, driven by the area's ongoing development, desirability, and the consistent influx of affluent buyers.
Acquiring land in Bal Harbour provides flexibility for a variety of developments. Whether you're looking to build a luxury residential home, multi-family property, or even explore mixed-use development opportunities, owning land here gives you the freedom to pursue diverse building ventures. Additionally, zoning regulations in Bal Harbour offer various possibilities, making it an attractive option for investors or developers looking to create a bespoke project in a high-end, coastal community.
For personalized advice or to schedule a showing of available lots in Bal Harbour, contact Lydia. She’s an expert in the area and can help you navigate the process, from zoning regulations to utility access, ensuring a smooth and informed purchase.
Before purchasing land, verify the zoning regulations in Bal Harbour. Different zones may have restrictions on residential, commercial, or mixed-use development, and these rules will impact your plans for the lot. Additionally, ensure the land is buildable—check for wetlands, rock formations, or other geographical issues that may complicate or prohibit construction. Engaging a land-use planner or local expert can help you navigate these complexities.
Bal Harbour's coastal location makes it particularly important to assess flood risk. Check whether the lot is located in a designated flood zone and the elevation requirements for new construction. Additionally, investigate soil quality, drainage, and whether the land requires special permits for environmental preservation. These factors can significantly influence building costs and feasibility.
Evaluate whether the lot has access to essential utilities such as water, electricity, gas, and sewer systems. If these are not readily available, assess the cost and feasibility of bringing them to the property. For example, connecting to municipal water might be straightforward, but adding septic systems or solar infrastructure could require additional approvals and expenses.
Conduct a title search to ensure the seller has clear ownership of the property. Look for any liens, easements, or encumbrances that might affect your ability to use the land. Also, investigate mineral, timber, and water rights to confirm what is included in the sale. Unresolved ownership disputes or unclear rights could lead to costly legal battles down the road.
Have a professional surveyor define the boundaries of the lot. This ensures there are no disputes with neighboring properties and clarifies the exact size and shape of the land. Walking the boundaries with the surveyor can help you understand the property better and identify any encroachments or challenges, such as easements for utility access.
Confirm that the lot has legal and practical road access. Private roads or shared driveways might require agreements with other property owners, which could limit your independence or result in shared maintenance costs. If the land lacks a driveway, factor in the costs of creating one, including permits, grading, and paving.
Consider the potential for future development in and around Bal Harbour. Proximity to amenities like beaches, shopping centers, and dining enhances the value of your land. However, also check for planned infrastructure changes or zoning revisions that could impact your investment. Bal Harbour is a desirable area, and buying land with strong resale value or development potential ensures a sound long-term investment.
If you have any questions or are interested in purchasing a land or lot in Bal Harbour, FL, contact us now. Our team is here to help you find the perfect opportunity to build your custom home or investment property in this exclusive and luxurious community. Don't miss out on your chance to own prime real estate in one of Florida's most sought-after locations!
Discover the allure of Bal Harbour with our comprehensive neighborhood guide. Uncover everything from local amenities to real estate insights that make Bal Harbour a sought-after destination. Start exploring today to find out why this exclusive community captures the hearts of residents and visitors alike. Begin your journey into Bal Harbour now!
Lydia is the dedicated professional who provides unmatched discipline and focus to maximize the potential of every sale. Her commitment and unsurpassed market knowledge provide the successful ingredients necessary to find your dream home. Contact her now!