
Bay Harbor Island Fl real estate is a great area to invest in properties, The city consist in two island, the East Island contains condominiums, single family homes and business and the West Island is just single family residences.This is one of the many curious communities in South Florida with an interesting history. Until 1945, Bay Harbor Island was just a sandbar in the middle of Biscayne Bay, providing no other service other than being headaches to boaters. This is when well-known tycoon Shepard Broad stepped in, purchasing the islands for development. Within a few short years, shops, homes, and hotels sprang up, and the population has been growing ever since. The island´s close proximity to Miami Beach and Downtown Miami have made it a popular residential spot for Miami´s up-and-comers. It isn´t just residences, however, there are also some nice little shops.
Bay Harbour real estate
Needless to say, this incredible city has real estate which many say is still under-valued. In January of 2010 median condo price in Bay Harbor is $215,000 a decrease of 1.0% from November of 2009. There are 111 condos 1 in foreclosures and 20 homes for sale, the highest priced condo sold for $152,000 at 9900 West Corporation condo, the lowest priced condo sold for $100,000 at The Town House Gardens Condo. There still are great deals in this ocean bay city but you need a market expert to help you. Guillermo Parapar and his team have been in the real estate industry for more than 9 years, archiving more than $20,000,000 of real estate transactions. For a local and knowledgeable service in Bay Harbor Island Fl real estate market contact Tool Realty at 305.778.6933.
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