Water's Edge House
286 Bal Bay Drive, Bal Harbour, FL 33154
Folio 1222260470001
- Year built
- 1954
- Residences
- 11
- Building area
- 16,473 sq ft
- Median residence
- 1,428 sq ft
- FEMA flood zone
- Zone AE · BFE 8 ft
- Latest arms-length sale
- $550,000 · Mar 2023
- Median sale (10 yr)
- $857,500
- Recorded transfers
- 37
Water's Edge House is an 11-residence boutique condominium building at 286 Bal Bay Drive, in Bal Harbour. County records list 1954 as the year built. It has a median residence of 1,428 square feet.
The recorded market runs to 12 arms-length sales since 2009, an annual turnover rate of 5.5 percent of the building over the past decade, and a median of $387 per square foot. Across 4 same-unit resales, a small sample, 100 percent sold above their prior recorded price, with a median gain of 39 percent over a median hold of 5.6 years.
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646.939.7375 · c.cohen@compass.com
At a glance
Legal name: The condominium is named Water's Edge House Condominium.
Building type: Low-rise condominium on Biscayne Bay
Floors: Three, with an elevator
Unit sizes: Layouts include three-bedroom, three-bath residences of about 1,900 square feet; confirm by floor plan.
Water position: Bayfront. The property has a dock and fishing pier.
Amenities: Assigned parking, garage parking and common outdoor space.
Source: The Roebling Research Desk.
Why Water's Edge House matters
Water's Edge House is a three-story bayfront condominium with 11 residences, on the bay side of Bal Harbour. Few owners share the land, the seawall and the water frontage.
It was built in 1954 and predates the current Florida coastal construction standards, flood elevation rules and structural reserve rules. Ask for a current reserve study, a seawall and dock assessment, and flood and wind insurance numbers before pricing.
Bal Harbour and Bal Bay Drive
Bal Harbour is a small village on the barrier island north of Surfside and south of Haulover Inlet, between the Atlantic and Biscayne Bay. Collins Avenue and the oceanfront towers run along the ocean side, and Bal Harbour Shops, an open-air retail center, is the village's commercial anchor. Haulover Park lies to the north. Bal Bay Drive is on the bay side, a residential street of single-family houses and small buildings facing the water, away from the Collins Avenue corridor.
The beach is a short distance east, and Bal Harbour's shopping and Miami Beach are a short drive away.
Architecture and unit composition
The building is three stories with an elevator and 11 residences. Sizes vary by residence; a three-bedroom, three-bath layout of about 1,900 square feet is among them. Take the bedroom count and size of each of the 11 residences from the floor plan.
Renovation level varies by unit. Inspect windows, balconies, plumbing risers and electrical service.
Building operations
Ask who manages the building.
For any Florida condominium purchase, request the current budget and financial statements, the structural integrity reserve study (SIRS) and reserve funding, and milestone inspection status. Florida's milestone inspection and structural integrity reserve study rules apply to condominium buildings of three or more stories, and this one has three. Ask for the inspection report, its results and any repairs it required. Ask for the seawall and dock condition, the flood insurance position and the building's elevation certificate, and whether any assessments are pending. With 11 residences, any large assessment is spread across few owners.
Policy framework
Policies, fees and applications, including pets, leasing, minimum lease terms, guest rules, dock use and any resale approval, are set by the association and should be confirmed at offer stage.
Sales context
One recorded sale, March 2023, at $550,000. It is one sale, not a building price. For pricing, look to other small bayfront condominiums and low-rise buildings in Bal Harbour, Surfside and Miami Beach, adjusting for condition and dock access.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
What to know if you're buying at Water's Edge House
Pin down the dock. Confirm whether slips are assigned, deeded or common, what size vessel they take and what they cost.
Lead diligence with the inspection and reserve documents. Read them before pricing.
Get insurance quotes before you offer. Get flood, wind and building coverage quotes.
What to know if you're selling at Water's Edge House
Document the building's condition. Completed milestone inspection, reserve study and recent capital work answer a buyer's first questions.
Describe the frontage. State the floor, plan, water view and any dock rights plainly.
Comparable buildings
These are larger Bal Harbour buildings, listed as context, not pricing comparables. For pricing, use other small bayfront condominiums and low-rise buildings in Bal Harbour, Surfside and Miami Beach.
- Harbour House — a 1964 Bal Harbour condominium at 10275 Collins Avenue.
- One Bal Harbour — a Bal Harbour oceanfront tower.
The neighborhood
For the full neighborhood — its buildings and recorded pricing — read The Roebling Index guide to Bal Harbour.
Run the numbers
- Miami buyer closing cost calculator — documentary stamps on the mortgage, intangible tax, title insurance and the condo estoppel.
- Miami seller closing cost calculator — the deed documentary stamp tax, title, closing and association transfer fees.
Related guides
- Post-Surfside Miami condo diligence — milestone inspections, structural integrity reserve studies and special assessments.
- Florida Save Our Homes, explained — the assessment cap, the homestead exemption and portability.
Recorded sales history
Recorded transfers for this building in Miami-Dade County public records, back to Apr 2009. Prices reflect the recorded consideration; transfers the Property Appraiser does not qualify as arms-length are shown unmarked. Nominal-consideration paper transfers (deeds into trusts and LLCs, estate and family transfers, corrective deeds) are part of the record but not sales, and are omitted from this table. Recording lags closing, so the newest sales can take several weeks to appear.
| Date | Residence | Size | Price | Arms-length |
|---|---|---|---|---|
| Mar 2023 | 5 | 976 sf | $550,000 | ✓ |
| Mar 2022 | 2C | 1,363 sf | $1,700,000 | ✓ |
| Mar 2022 | 1C | 1,449 sf | $1,700,000 | ✓ |
| Jul 2021 | 3C | 1,428 sf | $725,000 | ✓ |
| Apr 2021 | 3A | 2,389 sf | $990,000 | ✓ |
| Sep 2018 | 4 | 676 sf | $260,000 | ✓ |
| Sep 2014 | 4 | 676 sf | $205,000 | ✓ |
| Apr 2014 | 3C | 1,428 sf | $470,000 | ✓ |
| Mar 2014 | 2A | 2,389 sf | $930,000 | ✓ |
| Sep 2013 | 3A | 2,389 sf | $900,000 | ✓ |
| Oct 2012 | 3A | 2,389 sf | $595,000 | ✓ |
| Nov 2011 | 1A | 1,900 sf | $342,500 | ✓ |
| Aug 2009 | 2A | 2,389 sf | $264,000 |
✓ = qualified arms-length per the Miami-Dade Property Appraiser. 24 nominal-consideration paper transfers omitted.
This page reflects publicly available information compiled by The Roebling Research Desk. Specific building details should be confirmed with the association during due diligence; the recorded Declaration of Condominium, the current building budget, the current tax bill, the structural integrity reserve study and milestone-inspection status should be reviewed for any specific transaction. © 2026 The Roebling Team at Compass.
Considering a move at Water's Edge House?
Request a private building brief with the relevant recorded sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com
Building facts and sales records are compiled from Miami-Dade County public records (Property Appraiser) and reviewed against recognized architectural references. Figures are reported as recorded and may be updated as the county updates its records. This page is informational and is not an offer or solicitation. Apartment estimates are automated, from public records, and are not appraisals.
The Roebling Team at Compass is led by Corey Cohen, a New York licensed associate real estate broker. For a purchase or sale in Miami, we introduce you to a licensed Compass agent there by referral and handle the New York side of your move ourselves. This page and its calculators are research, not an offer of representation.
To plan a move between Manhattan and Miami, schedule a consultation; where appropriate we’ll introduce you to a vetted Compass agent in the local market.