Bal Harbour, Florida is a small, exclusive neighborhood located in Miami-Dade County. With a population of just over 3,000 people, Bal Harbour is known for its luxurious lifestyle, high-end shopping, and beautiful beaches.
Despite its small size, Bal Harbour is a popular destination for tourists and locals alike. The neighborhood is home to some of the most exclusive hotels, restaurants, and shops in the Miami area, making it a must-visit destination for those looking to experience the best of what Florida has to offer.
In this neighborhood profile, we will take a closer look at what makes Bal Harbour such a unique and desirable place to live or visit. From its history and demographics to its real estate market and local attractions, we will provide a comprehensive overview of this one-of-a-kind neighborhood in the heart of South Florida.
Location and Demographics
Geography
Bal Harbour is a village located in Miami-Dade County, Florida, along the Atlantic coast. It is situated on the northern tip of the barrier island that separates Biscayne Bay from the Atlantic Ocean. The village is bordered by the Atlantic Ocean to the east, Surfside to the south, Bay Harbor Islands to the west, and Haulover Park to the north. Bal Harbour is accessible via the A1A highway, which runs along the coast.
Population
According to the U.S. Census Bureau, Bal Harbour had a population of 2,980 people in 2020. The village has a land area of 0.26 square miles and a population density of 11,461 people per square mile. Bal Harbour is part of the Miami metropolitan area and is located within Miami-Dade County. The county has a population of over 2.7 million people, making it the most populous county in Florida.
Bal Harbour is an affluent community with a median household income of $77,005 in 2020, according to Data USA. The village’s population is predominantly White (86.7%) and Hispanic (11.8%), with smaller populations of Black (1.2%) and Asian (0.3%) residents.
The village’s population has been declining slightly in recent years, with a 0.799% decrease between 2019 and 2020. The majority of Bal Harbour’s residents are homeowners, with a homeownership rate of 67.6% in 2020.
Broward County, which is located to the north of Miami-Dade County, is the second most populous county in Florida with a population of over 1.9 million people. Bal Harbour is located about 15 miles south of the Broward County line.
Overall, Bal Harbour is a small but affluent village located in Miami-Dade County along the Atlantic coast. Its population is predominantly White and Hispanic, and the village has a high homeownership rate.
Real Estate
Market Overview
Bal Harbour is known for its high-end real estate market, with home prices consistently ranking among the most expensive in Florida. As of 2023, the median home value in Bal Harbour is $3,500,000, which is more than three times the Florida median home value. The real estate market in Bal Harbour is competitive, with homes typically selling for close to or above their asking price.
Renting vs. Owning
While owning a home in Bal Harbour can be expensive, renting is also costly. The median rent in Bal Harbour is $6,500 per month, which is significantly higher than the Florida median rent. However, for those who can afford it, owning a home in Bal Harbour can be a good investment, as home values have consistently appreciated over the years.
Waterfront Properties
Bal Harbour is known for its beautiful waterfront properties, which offer stunning views of the Atlantic Ocean. Many of these properties are multi-million dollar homes, with private docks and access to the beach. Waterfront properties in Bal Harbour are highly sought after, and can be a good investment for those looking for a luxurious lifestyle.
Luxury Real Estate
Bal Harbour is home to some of the most luxurious real estate in Florida. From oceanfront mansions to high-rise condos, there are plenty of options for those looking for a luxurious home in Bal Harbour. Many of these properties offer top-of-the-line amenities, such as private pools, gyms, and spas. However, luxury real estate in Bal Harbour comes with a high price tag, and is not accessible to everyone.
Education and Business
Bal Harbour is a small coastal village in Florida that values education and has a diverse business community.
Public Schools
Bal Harbour is served by the Miami-Dade County Public Schools district, which is the fourth-largest school district in the United States. The district has a diverse student population with over 350,000 students enrolled in 392 schools. There are several public schools located in or near Bal Harbour, including:
- Ruth K. Broad Bay Harbor K-8 Center
- Norman S. Edelcup/Sunny Isles Beach K-8
- Mast Academy
These schools offer a range of educational programs, including gifted and talented programs, advanced placement courses, and language immersion programs.
Higher Education
Bal Harbour is located near several higher education institutions, including Florida International University and Barry University. Florida International University is a public research university located in Miami with over 58,000 students enrolled. Barry University is a private Catholic university located in Miami Shores with over 7,000 students enrolled.
Businesses
Bal Harbour has a diverse business community with a mix of small businesses and larger corporations. The Bal Harbour Shops is a luxury shopping center located in Bal Harbour that features high-end retailers such as Chanel, Gucci, and Prada. The shopping center also has several restaurants and cafes, making it a popular destination for tourists and locals alike. In addition to the Bal Harbour Shops, there are several other businesses located in Bal Harbour, including law firms, accounting firms, and real estate agencies.
Parks and Recreation
Beaches
Bal Harbour is a small coastal village located in Miami-Dade County, Florida. One of the biggest attractions of Bal Harbour is its beaches. The village boasts a 400-ft private beach with cabanas and beach-side service. Visitors can enjoy the beautiful white sand and clear blue water. The beach is perfect for swimming, sunbathing, and relaxing.
Parks
In addition to the beach, Bal Harbour has a new waterfront park at 96th Street and Bal Bay Drive. This park is on 1.5 acres and includes an open lawn, a performance area, fitness stations, basketball court, two playgrounds, a splash pad, and a 24,000 square foot community center. The park is highly anticipated and will provide residents and visitors with ample opportunities for outdoor recreation.
Shopping
Bal Harbour is known for its luxury shopping. The Bal Harbour Shops is an upscale, open-air shopping center that features high-end designer stores such as Chanel, Gucci, and Prada. The shopping center also has several restaurants and cafes, making it a great place to spend an afternoon.
Restaurants
Bal Harbour has several high-end restaurants that offer a variety of cuisines. One of the most popular restaurants in the area is Makoto, which serves contemporary Japanese cuisine. The restaurant is known for its sushi and sashimi, as well as its robata grill. Another popular restaurant is Le Zoo, which serves French cuisine. The restaurant has a lively atmosphere and is a great place to enjoy a meal with friends or family. Overall, Bal Harbour offers visitors and residents a variety of options for outdoor recreation, shopping, and dining. Whether you’re looking to relax on the beach or indulge in some high-end shopping, Bal Harbour has something for everyone.
Households and Income
Bal Harbour, Florida is a small village with a population of just under 3,000 people. The median age of the village is 53.8 years old, which is higher than the national median age of 38 years old. The village has a relatively high median household income of $81,424, which is about 1.3 times the amount in the Miami-Fort Lauderdale-Pompano Beach metropolitan area, and more than double the amount in Florida. The average annual household income in Bal Harbour is $199,637.
Median Age
The median age in Bal Harbour is 53.8 years old, which is higher than the national median age of 38 years old. The village has a relatively small population, and the majority of the residents are older adults. This may be due to the village’s reputation as a retirement destination and its location near several retirement communities.
Per Capita Income
The per capita income in Bal Harbour is $65,045, which is higher than the national average of $31,177. The village has a relatively high median household income of $81,424. The high per capita income may be due to the village’s reputation as an affluent community and its location near several luxury resorts and shopping centers.
Poverty
The poverty rate in Bal Harbour is relatively low at 4.7%, which is lower than the national poverty rate of 9.2%. The village has a relatively small population, and the majority of the residents are affluent. The low poverty rate may be due to the village’s reputation as an affluent community and its location near several luxury resorts and shopping centers.
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