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9940 W Bay Harbor Dr, Bay Harbor Islands FL 33154
About this home
IMPECCABLE AND UPGRADED WATERFRONT 3-BEDROOM CORNER RESIDENCE in the highly desirable Bay Harbor Islands. EXPANSIVE TERRACES (close to 800 sq ft) surrounded by lush landscaping create a true indoor-outdoor living experience with a private, HOUSE-LIKE FEEL. The residence features IMPECCABLE FINISHES including built-in closets, custom cabinetry, and shades throughout and more. KAI is a newer BOUTIQUE BUILDING designed by renowned Arquitectonica, offering a 24-hour front desk and concierge. Perfectly located, just a short walk to A-rated public school, Bal Harbour Shops, restaurants, cafés, houses of worship, and the beach. Enjoy the SPECTACULAR ROOFTOP AMENITIES including an infinity pool, jacuzzi, and BBQ area with breathtaking 360-degree views of the city, Intracoastal, and ocean. 2 PARKING SPACES SIDE-BY-SIDE. Boat slips available upon request. ** Rare opportunity - experience the best of South Florida waterfront living! **
Features
- Lobby
- Built-in Features
- Closet Cabinetry
- Walk-In Closet(s)
- Utility Room/Laundry
- Open Balcony
- Canal
- Intracoastal View
- Water View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $10,063
- HOA
- $2,814 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.