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Waterfront · Condominium
$975,000$730 / sqft
9940 E Bay Harbor Dr, Bay Harbor Islands FL 33154
Listed
2
Bedrooms
3
Bathrooms
1,335 sqft
Interior
2016
Year built
$1,998 / mo
HOA
Condominium
Type
About this home
BRIGHT, CHEERY + LARGE - 1335 Sq Ft, 2 Bed, 3 FULL En-Suite Baths w/ DEN/OFFICE -7BN is located on the top floor (no neighbors above) with city views + energizing morning light. The unit’s layout is well planned as the KAI at Bay Harbor was designed by the renowned Architectoniqua. Each living space is separated by the common Living Room and Kitchen as its central hearth. The unit boasts useful + thoughtful upgrades to enhance living + storage space by conscientious owners who loved and took care of their home. The A/C Airhandler is brand new w/ 10 year warranty, appliances have been serviced and parts replaced. 7BN comes w/ 2 assigned parking spaces and a large storage located on LL. Kai Condo is a friendly community with an equally friendly staff. The Kai at Bay Harbor is financially solid with a full-time, vigilant and saavy board who have plans for more upgrades WITHOUT needing to levy any Assessments; 2027 will be 3rd consecutive year with no HOA increase. See Photos for all luxury Amenities incl. SPECTACULAR ROOFTOP POOL, SPA, + BBQ AMENITIES. Kai at BH is easy walking distance (10 min. Radius) to Beach and Bal Harbor shops, K-8 School, Places of Worship, Restaurants (Including Kosher), Medical Offices, and Pilates Studios. BHI is Conveniently Equidistant to MIA & FLL Airports. BHI has its own Police, Fire, Public Works, Town Hall all on the island. Kai at BH is one of the last affordable luxury boutique condos on BHI offering exceptionally smart value.
Features
- Interior Hall
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Fire Sprinklers
- Walk-In Closet(s)
- Den/Library/Office
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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,300–$5,569.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.