Alma Bay Harbor Islands Location & Neighborhood
9697 East Bay Harbor Drive, Bay Harbor Islands, FL 33154
The Neighborhood
What's within reach.
-
Bal Harbour Shops Luxury retail flagship0.6 mi
-
Bal Harbour Beach Atlantic oceanfront1.0 mi
-
Ruth K. Broad K-8 Center Top-rated public school0.4 mi
-
Kane Concourse Walkable village dining0.3 mi
Life at Alma Bay Harbor Islands
Bay Harbor Islands is increasingly the preferred address for buyers who value calm, walkable village life over the urban energy of Brickell or Miami Beach.
Curved Architecture
Alma's signature curved facade with wrap-around terraces creates a distinctive presence that contrasts with the village's more rectilinear buildings.
Bal Harbour Shops
Luxury shopping at Bal Harbour Shops is moments away — Hermes, Chanel, Cartier, Dior flagships across the causeway.
Beach & Recreation
Surfside and Bal Harbour beachfronts are 5-10 minutes by car.
Schools
Ruth K. Broad K-8 Center within walking distance.
Boutique Scale
Only 9 residences total ensures the highest privacy in Bay Harbor's new construction.
Alma Bay Harbor Islands Investment & Market Outlook
Why Bay Harbor Islands Pre-Construction Outperforms
South Florida pre-construction has historically delivered double-digit appreciation between contract and delivery, especially in branded residences. Bay Harbor Islands specifically has seen sustained demand from international buyers seeking US dollar-denominated real estate, tax advantages from Florida's no-income-tax structure, and currency hedging against home-market inflation.
Branded residences like Alma Bay Harbor Islands typically command 25–35% price premiums over comparable non-branded inventory in the same submarket, and resale price retention has consistently outpaced the broader Miami condo index over the past decade.
Friends & Family Pricing
As pre-construction specialists with direct developer relationships, we offer qualified buyers access to friends-and-family pricing — typically 4–8% below current public release pricing — along with extended deposit schedules, custom unit selection, and priority on the most desirable exposures and floors.
Deposit Structure
Standard Bay Harbor Islands pre-construction deposit structures range from 20% at contract to 50% by delivery, with milestone payments at groundbreaking, top-off, and certificate of occupancy. Alma Bay Harbor Islands follows the Bay Harbor Islands market standard. Our team can walk you through the full deposit schedule and any current developer incentives reducing the at-contract deposit requirement.
How to Reserve a Residence at Alma Bay Harbor Islands
Pre-construction purchases follow a different path than resale transactions. Here's what to expect, step by step.
-
01
Initial Consultation
We start with a 30-minute call to understand your goals — primary residence, investment, legacy asset — and walk you through current availability, pricing tiers, and the floor plans best suited to your needs.
-
02
Floor Plan Selection & Reservation
Once you've narrowed your selection, a refundable reservation deposit (typically $25,000–$100,000) holds your residence for 14–30 days while contracts are prepared. You'll receive the full developer reservation package and the most current pricing for your specific unit.
-
03
Contract & First Deposit
The purchase contract is executed with the developer, and the first deposit (typically 10–20% of the purchase price) is wired to the developer's escrow account at a Florida-licensed institution. All funds are protected under Florida pre-construction escrow law until milestones are reached.
-
04
Construction Milestones
Subsequent deposits are released as construction reaches defined milestones — typically groundbreaking, top-off, and certificate of occupancy. You'll receive quarterly construction updates, photo documentation, and the option to tour the unit once interiors are roughed in.
-
05
Closing & Delivery
At closing, the final balance is funded (cash or financing via approved lenders), title transfers, and you receive keys. Closing typically occurs 30–60 days after the developer issues the certificate of occupancy. Move-in coordination, designer access, and Mercedes-Benz/Bentley/Armani concierge enrollment all happen at this stage.
Alma Bay Harbor Islands FAQs
Answers to the most common questions about Alma Bay Harbor Islands pricing, amenities, and policies. For anything else, our team is here to help.
How much do Alma Bay Harbor condos cost?
Alma residences start at approximately $2.3 million for 2-bedrooms. 3-bedroom corners from $3.5M, 4-bedrooms from $5.0M, and the full-floor 5-bedroom penthouse approximately $8.4M+.
What's the difference between Alma and Mila?
Alma has a curved facade and slightly larger floor plans (up to 4,200 sq ft for the penthouse), while Mila has more rectilinear lines. Both are 8 stories with 9 residences by Kobi Karp.
How many residences are at Alma?
Alma contains 9 residences across 8 stories with the top floor configured as a single full-floor penthouse with 4 bedrooms and 4.5 baths.
Who designed Alma?
Alma is designed by Kobi Karp Architecture & Interior Design, who handled both architecture and all interior packages.
When will Alma be completed?
Alma is currently in pre-construction.
Is the penthouse really a full floor?
Yes — the penthouse occupies the entire 8th floor with 4 bedrooms, 4.5 bathrooms, and multiple terraces.
Are pets allowed?
Yes — Alma is pet-friendly per HOA bylaws. Size restrictions apply.
What are the building amenities?
Amenities include landscaped wellness garden, rooftop pool deck, fitness center, secure parking, and concierge service.
