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9940 W Bay Harbor Dr, Bay Harbor Islands FL 33154
About this home
Live in one of Miami's most coveted boutique buildings in the heart of Bay Harbor Islands — one of South Florida's safest and most charming neighborhoods. This stunning 3-bed/3-bath penthouse corner unit offers 1,834 SF of turnkey luxury with breathtaking panoramic views of Biscayne Bay, the Intracoastal, and the Miami skyline from every angle. West-facing exposure delivers spectacular sunset views that never get old. Oversized corner layout floods every room with natural light. Beautifully furnished and move-in ready — just bring your toothbrush. Chef's kitchen with premium appliances, walk-in closets, wood floors throughout, and high-impact doors. Two assigned parking spaces. KAI offers resort-style amenities: heated pool, spa, rooftop BBQ terrace with bay views, fitness center, bike storage, business center, and 24/7 lobby security. Pet friendly. Steps to the beach, Bal Harbour Shops, and top-rated A+ Miami-Dade public schools. Easy access to Aventura, Sunny Isles, and Miami Beach. A rare opportunity to own a true penthouse in one of Bay Harbor's most exclusive boutique addresses. Furnished and move-in ready.
Features
- First Floor Entry
- Closet Cabinetry
- Elevator
- Fire Sprinklers
- East Of Us1
- Bay
- Canal
- Intracoastal 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
- $10,113
- HOA
- $2,746 / 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.