Building facts
- Address
- 9400 W. Bay Harbor Drive
- Neighborhood
- Bay Harbor Islands
- Year built
- 2013
- Floors
- 7
- Residences
- 25
- Status
- Completed
- Architect
- Frankel Benayoun Architects
- Pricing
- Starting at $2 Million
Key Takeaways
- Every one of the 25 homes is a three-bedroom. Not predominantly — all of them. No other building in this series is that uniform.
- 25 residences at 9400 W Bay Harbor Drive, with no commercial folios.
- Homes run 2,150 to 3,229 square feet, median 2,547.
- The 2026 median assessed value is $1,358,142.
- Per-foot pricing has held between $815 and $930 across the record.
- Five qualified sales in four years — and none recorded in 2026.
9400 W Bay Harbor Drive, Miami, Florida | Neighborhood: Bay Harbor Islands
The most uniform building I have measured
Counted against the Miami-Dade County Property Appraiser record on 17 August 2026, Riva Bay Harbor returns 25 residential homes, with no commercial folios.
All 25 are three-bedrooms. Across every building measured in this series, nothing else has a single-bedroom-count mix. Heated area runs 2,150 to 3,229 square feet with a median of 2,547 — a spread of about 50%, itself unusually tight.
That uniformity is genuinely useful. In most buildings I have to warn that the median sale price is unreliable because it moves on which homes traded. Here, every home is the same bedroom count and a similar size, so the comparables mean what they appear to mean.
The 2026 median assessed value is $1,358,142. Bay Harbor Islands sits between Bal Harbour and Indian Creek, one bridge from the ocean.
A short record, in a narrow band
Qualified sales from the county record — arm’s-length only.
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 1 | $2,000,000 | $930 |
| 2024 | 1 | $2,084,000 | $815 |
| 2025 | 3 | $2,035,000 | $880 |
| 2026 to date | No qualified sales recorded | ||
Five qualified sales in four years, in a 25-home building. That is a thin record in absolute terms — but note how narrow the band is: median prices of $2,000,000, $2,084,000 and $2,035,000, and per-foot pricing between $815 and $930.
In a building of identical homes, that consistency is meaningful. Values here have simply not moved much, and because the homes are alike, I can say that with more confidence than in most buildings with five sales on record.
No qualified sale is recorded so far in 2026, which in a 25-home building averaging just over one a year is entirely normal.
Who this suits
This suits a buyer who wants a three-bedroom in Bay Harbor Islands in a very small association, and who values knowing exactly what their home is worth. On the second point, few buildings offer this much clarity.
The constraint is obvious: 25 homes and roughly one sale a year. Inventory appears rarely, and an exit takes patience.
If you are selling, the comparables are unusually persuasive because they are genuinely like-for-like. If you are buying, the same is true in reverse — there is little room to argue a home is special when the other 24 are the same.
Verified 17 August 2026 against the Miami-Dade County Property Appraiser record for 9400 W Bay Harbor Drive — all 25 folios retrieved individually, then filtered to homes, excluding parking, cabana and storage folios. Sale samples are very small and are described as such. Building age and storey count are omitted: published sources conflict and none has been confirmed. Re-check when the next tax roll publishes.
Riva Bay Harbor — Frequently Asked Questions
How many units are in Riva Bay Harbor?
The Miami-Dade County Property Appraiser records 25 residential homes at 9400 W Bay Harbor Drive, with no commercial folios. Every one of them is a three-bedroom.
What size are the residences?
Heated area runs from 2,150 to 3,229 square feet with a median of 2,547 — a tight spread. The 2026 median assessed value is $1,358,142.
What do homes at Riva Bay Harbor sell for?
Three qualified sales in 2025 at a median of $2,035,000 and $880 per square foot. Prior years recorded $2,000,000 and $2,084,000. No qualified sale appears so far in 2026.
Have values changed?
Very little. Median prices of $2,000,000, $2,084,000 and $2,035,000 across three years, with per-foot pricing between $815 and $930. Because every home is the same bedroom count and a similar size, that consistency is more meaningful than it would be elsewhere.
Why does the uniformity matter?
In most buildings the median sale price is unreliable because it reflects which homes traded rather than value. Here every home is a three-bedroom of similar size, so comparables are genuinely like-for-like and price discovery is straightforward.
Is it a good investment?
Values are stable and pricing is transparent, but with 25 homes and roughly one sale a year, liquidity is the limiting factor in both directions.
Sources and further reading
Related coverage
Part of Miami Luxury Condos.