1125 97th St # 402, Bay Harbor Islands FL 33154 | Miami-Dade County

Type
Condominium

3
Bedrooms

3.5
Bathrooms

2
Garages

2447 Sq Ft
Area Size

Active Residential Active

1125 97th St # 402, Bay Harbor Islands FL 33154 | Miami-Dade County | A11950825

$2,350,000

Description

Welcome to MILA Bay Harbor Islands, an exquisite new boutique development designed by renowned architect Kobi Karp. Featuring just 9 signature residences, this exclusive sanctuary offers unmatched privacy, tranquility, and beauty belonging to you alone. Residence 402 is a spacious 3 bedroom, with 3 full bathrooms + powder room of a total of 3,206 SF, and interior of 2,447 SF with only 1–2 residences per floor, private elevator entry, and an expansive private terrace showcasing stunning sunset and city views. Refinement in every detail with a higher standard of quality featuring Miele appliances, Italkraft Kitchens and Vanities, Toto Toilets and Graff Plumbing Fixtures. Perfectly positioned on a quiet interior street, yet just a 15-minute walk to Bal Harbour Shops, Surfside Beach, parks, world-class dining, and top-rated schools. Located within a protected low-rise neighborhood, ensuring long-term preservation. Residents enjoy a secure lobby with smart access system and exceptional rooftop amenities, including a resort-style pool, wellness areas, and summer kitchens—ideal for elevated indoor-outdoor living. Private presentation available by appointment.

Property Overview

This is a 3-bedroom, 3.5-bath condominium of about 2447 square feet at 1125 97th St # 402, Bay Harbor Islands FL 33154 (Bay Harbor Islands 33154), listed at $2,350,000.

Monthly Costs, Stated Plainly

The monthly HOA fee is $3,034.

As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $47,000/yr (≈ $3,917/mo); with the homestead exemption on a primary residence, about $46,000/yr (≈ $3,833/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.

Frequently Asked Questions

What is the list price, and what typically conveys with a home like this?

The list price is $2,350,000. The home's fixtures and built-in appliances are expected to convey, but its furnished status is not stated on the MLS record and must be confirmed.

The property includes a private pool. Shared community amenities, such as the bar, cabana, and main pool, are managed by the HOA. For precise verification of what is included, you should contact Christopher Lazaro, Bay Harbor Islands Real Estate Agent.

Where exactly is it, and what should I know about the location?

The property at 1125 97th St # 402 is located in Bay Harbor Islands, Florida, 33154. This area occupies a distinct coastal corridor between Miami Beach and Bal Harbour.

For a detailed discussion of the neighborhood's specific attributes and amenities, please contact Christopher Lazaro, Bay Harbor Islands Real Estate Agent, to arrange a consultation.

What are the HOA / association fees, and what do they cover?

The monthly HOA fee for this condominium is $3,034. According to the association's budget, this fee covers All Amenities, Common Area maintenance, Elevator service, and Security. The community is also subject to the City of Bay Harbor Islands municipal code, which governs various property standards.

For a complete breakdown of the financials and a review of the association's governing documents, contact Christopher Lazaro, Bay Harbor Islands Real Estate Agent.

What are the property taxes and homestead implications?

Property taxes for this listing are an estimate only. Florida reassesses at sale; at the listed price of $2,350,000 and a Miami-Dade rate near 2.0%, the estimated annual tax without a homestead exemption is about $47,000, or roughly $3,917 monthly. With the homestead exemption, which lowers the taxable value for a primary residence, the estimated annual tax is about $46,000, or approximately $3,833 monthly.

These are estimates, not quotes. You must confirm exact figures with the Miami-Dade Property Appraiser and a tax professional. For precise verification and guidance, you should contact Christopher Lazaro, Bay Harbor Islands Real Estate Agent.

Is the home in a flood zone, and what does that mean?

This property is located in a FEMA-designated flood zone, which is a geographic area the agency has defined according to its risk of flooding. You can review the official FEMA definitions for flood zones and view the FEMA flood map for this address to see the specific classification.

Properties in high-risk zones generally require flood insurance as a condition of a mortgage. For a precise assessment of how this affects the property at $2,350,000, contact Christopher Lazaro, Bay Harbor Islands Real Estate Agent, to verify the details and discuss implications.

Are pets allowed?

Pets are allowed, with restrictions (or possible restrictions). The MLS record for this unit indicates "Restrictions Or Possible Restrictions," so we will need to pull the association's exact current pet rules for you.

Separate federal accommodation rules apply for documented service animals or ESAs. For a definitive answer and to review the governing documents, reach out to Christopher Lazaro, Bay Harbor Islands Real Estate Agent, to verify.

How is the price set and is there room to negotiate?

The list price is grounded in a comparative market analysis for the building and immediate vicinity. In the broader market, Miami-Dade condos have recently been closing at 94% of list, about 64 days on market (MIAMI REALTORS®, May 2026).

A specific CMA for Bay Harbor Islands would provide the most relevant context before you formulate an offer. To verify this data and discuss strategy, you should reach Christopher Lazaro, Bay Harbor Islands Real Estate Agent.

What financing step do you recommend before touring?

I recommend securing a pre-approval letter before touring. This requires consulting a Florida Licensed Mortgage Loan Originator to assess your financial position against the property's listed price of $2,350,000.

Once you have that documentation, reach out to Christopher Lazaro, Bay Harbor Islands Real Estate Agent, to verify the condo's status and coordinate a viewing.