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Condominium
$4,599,000$1,410 / sqft
1177 Kane Concourse # 406, Bay Harbor Islands FL 33154
Listed
3
Bedrooms
4
Bathrooms
3,262 sqft
Interior
2026
Year built
$5,276 / mo
HOA
Condominium
Type
About this home
WELLNESS AT THE CORE OF THE ONLY AVAILABLE LARGEST 3 BEDROOM 05 LINE AT THE WELL BAY HARBOR ISLANDS, a boutique building shaped around health and longevity. This wellness-driven community is now completed and ready for move-in! Spanning 3,671 sq ft, Residence 405 unfolds with a 3 bedroom spacious split floor plan, anchored by an oversized entertainment area that feels like a single family residence, with floor-to-ceiling doors that fill the interiors with natural light. 3 private terraces extend the living spaces, creating indoor-outdoor flow to live, host, and unwind. Wellness elements are integrated throughout, creating a sense of calm & understated luxury rarely found in new construction: custom wood cabinetry w/ stone countertops, marble & travertine surfaces, spa-inspired details: rain shower, aromatherapy, red light therapy, filtered water, built-in air purification, and non-toxic paint finishes, complemented by Sub-Zero & Wolf appliances. 2 covered parking spaces & 1 storage included. Developed by Terra Group w/ interiors by Meyer Davis, The Well is a limited collection of 65 residences with over 22,000 sq ft of amenities, including a membership to THE WELL Club, offering state-of-the-art fitness and wellness center, infrared saunas, hyperbaric oxygen therapy, cold plunges, 150+ monthly classes, and an onsite functional medicine. Resident only amenities include a rooftop pool deck, zen garden, private beach club, fitness center, resident lounge, & house car service.
Features
- Elevator
- Split Bedroom
- Walk-In Closet(s)
- Storage
- Utility Room/Laundry
- Open Balcony
- Other View
Leasing
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,900–$11,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.