9940 W Bay Harbor Dr 5E-N, Bay Harbor Islands, FL 33154 — MLS photo

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9940 W Bay Harbor Dr 5E-N, Bay Harbor Islands, FL 33154

Active · Condominium

$999,000

9940 W Bay Harbor Dr 5E-N, Bay Harbor Islands, FL 33154

Beds
2
Baths
2
Living area
1,106 sq ft
$ / sq ft
$903/sq ft
Year built
2016
Lot size
—
HOA fee
$1,657
Annual tax
—

About this property

Kai Bay Harbor is a boutique waterfront residence designed by Arquitectonica, offering direct water views and a highly desirable location in Bay Harbor Islands. This 1-bedroom plus den, converted into a second bedroom, features Cristal White marble floors throughout and faces west, capturing open marina views and striking sunsets. The residence offers spacious interiors and a generous balcony, ideal for indoor-outdoor living. Kai’s rooftop level includes an infinity-edge pool, sun deck, and lounge area with 360-degree views of Biscayne Bay, Bal Harbour, and the ocean. Located within walking distance to A-rated schools, Bal Harbour Shops, the beach, restaurants, and places of worship. Positioned between Aventura and South Beach, Kai offers convenient access to both while maintaining a quiet residential setting on the water.

Property location

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9940 W Bay Harbor Dr 5E-N, Bay Harbor Islands, FL 33154

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,106 sq ft

Exterior & Structure

Property type
Condominium
Year built
2016

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,657
County
Miami-Dade
MLS listing ID
A11984093
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$4,293

Cap rate
0.5%
Net yield
0.5%
Cash-on-cash return
-18.4%
Gross yield
5.7%
Mortgage payment
$4,736/mo
Down payment
$249,750
Loan amount
$749,250
Annual NOI
$5,312

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.