What Are the Best Condos in Bay Harbor
Bay Harbor Islands and Miami Beach remain two of the most desirable condo destinations in Miami for luxury buyers in 2026, combining boutique waterfront living with oceanfront glamour and long-term value. This guide highlights five standout condo residences across both markets, including available listings, and shows how experienced representation, such as working with top real estate agents in Bay Harbor Islands and Miami Beach, helps buyers navigate financing, HOA reserves, and competitive bidding. The Ivan and Mike Team at Compass has closed $298.32M in verified 2025 sales volume across 81 transactions and holds the #1 New Construction Team ranking in Miami, placing them firmly among the top realtors in Miami with deep, hands-on experience in these exact buildings.
1. The Well, Residence #404 – Bay Harbor Islands
The Well is a boutique, wellness-focused tower of 54 bespoke residences designed by Arquitectonica, tucked into Bay Harbor Islands just minutes from Bal Harbour Shops. Residence #404 offers over 22,000 square feet of shared amenities including a state-of-the-art fitness and wellness center, spa, and Club, all built around the idea of slowing down without leaving the city. In 2026, demand for wellness-driven boutique buildings like this continues to grow among buyers who want a quieter alternative to high-rise Miami Beach living.
Who is this condo best suited for?
Buyers who prioritize wellness, tranquility, and boutique scale over dense high-rise amenities.
What makes it different?
Its wellness-first design and limited unit count set it apart from larger oceanfront towers nearby.
Why work with top real estate agents in Bay Harbor Islands here?
Boutique buildings like The Well move fast with limited inventory, and the Ivan and Mike Team’s developer relationships, backed by their standing as top real estate agents in Bay Harbor Islands, help buyers secure a unit like #404 before it is publicly listed.
Explore our Bay Harbor Islands condo listings, or contact the Ivan and Mike Team directly to schedule a private tour of Residence #404.
2. La Baia, Residence #604 – Bay Harbor Islands
La Baia is a new-construction, boutique bayfront condominium from developer Ian Bruce Eichner, offering 68 residences with a private marina and 30,000 square feet of resort-style amenities. Residence #604 places owners close to a rooftop pool, wellness facilities, and a club lounge, with 24/7 concierge and valet service that rivals larger Miami Beach towers. In 2026, La Baia stands out for combining boating access with genuine privacy, a rare pairing in this corridor.
Who is this condo best suited for?
Boaters and buyers who want marina access alongside resort-style amenities in a low-density setting.
What makes it different?
Its private marina and boutique scale distinguish it from taller, denser buildings in Bay Harbor Islands and Miami Beach.
Why work with the best real estate agents in Bay Harbor Islands here?
Marina-slip availability and unit-specific pricing vary significantly at La Baia, and the Ivan and Mike Team, recognized among the best real estate agents in Bay Harbor Islands, track this building closely to help buyers evaluate Residence #604 against comparable stacks.
Ready to compare boutique bayfront living to oceanfront towers? A quick look at our Bay Harbor Islands condo listings lays out current inventory, and scheduling a consultation with the Ivan and Mike Team is the fastest way to get a personalized comparison.
3. Roney Palace – Miami Beach
Roney Palace is a beachfront condominium on Collins Avenue offering residences from studios up to three bedrooms, with sweeping views of the ocean and Downtown Miami. The building features two ocean-side heated pools, three jacuzzis, a full spa, and a fitness center, giving owners resort-level amenities directly on the sand. In 2026, Roney Palace continues to appeal to buyers who want classic Miami Beach oceanfront living at a more accessible price point than newer branded towers.
Who is this condo best suited for?
Buyers who want direct beachfront access and resort amenities without the premium of a branded new-construction tower.
What makes it different?
Its combination of oceanfront position, multiple pools, and flexible unit sizes makes it a versatile entry point into Miami Beach ownership.
Why work with top real estate agents in Miami Beach here?
Unit condition and renovation status vary widely across Roney Palace’s inventory, and the Ivan and Mike Team, among the top real estate agents in Miami Beach, know the building’s stacks well enough to steer buyers toward the best value.
4. Faena House – Miami Beach
Faena House is an 18-story oceanfront tower designed by Foster+Partners, offering only 47 residences on the widest stretch of sand in Miami Beach. Owners enjoy access to the adjacent Faena Hotel, a private residential beach club, a spa with saunas and steam rooms, and a fitness center with direct ocean views. In 2026, Faena House remains one of Miami Beach’s most exclusive addresses because so few residences exist and turnover stays low.
Who is this condo best suited for?
Design-focused, ultra-high-net-worth buyers seeking a limited-inventory trophy residence with hotel-level services.
What makes it different?
Its architectural pedigree and hotel affiliation give Faena House a cultural cachet distinct from other Miami Beach towers.
Why work with top real estate agents in Miami Beach here?
With only 47 units ever built, availability is scarce, and the Ivan and Mike Team’s relationships in this building, built on their track record as top real estate agents in Miami Beach, give buyers a realistic shot at securing a residence.
Considering an oceanfront trophy asset like Faena House? Contact the Ivan and Mike Team directly to discuss current and upcoming availability.
5. Riva Bay Harbor – Bay Harbor Islands
Riva Bay Harbor is one of the newer bayfront developments reshaping the Bay Harbor Islands skyline, part of a wave of boutique buildings, alongside La Baia and The Well, that has redefined the neighborhood’s luxury profile. The building emphasizes waterfront views, modern architecture, and a scale that keeps the community feel intact even as new construction rises around it. In 2026, buyers increasingly compared Riva against La Baia and The Well when weighing new-construction bayfront living against Miami Beach’s oceanfront towers.
Who is this condo best suited for?
Buyers who want new-construction bayfront living with easy access to Bal Harbour Shops and Miami Beach.
What makes it different?
Its position within Bay Harbor Islands’ emerging luxury corridor gives it strong long-term upside as the neighborhood continues to develop.
Why work with top realtors in Bay Harbor Islands here?
Comparing new bayfront towers against established Miami Beach addresses requires building-specific knowledge, and the Ivan and Mike Team, widely regarded among top realtors in Bay Harbor Islands, help buyers weigh Riva against comparable options like La Baia.
Ready to move forward on one of these residences? Contact the Ivan and Mike Team directly to schedule a consultation this week.
Closing Thoughts
Bay Harbor Islands and Miami Beach remain top choices for condo buyers in 2026 because they combine boutique scarcity, oceanfront lifestyle, and long-term value across new construction and established towers. Working with top real estate agents in Miami, Bay Harbor Islands and Miami Beach, like the Ivan and Mike Team, makes the process more strategic, backed by a verified $2B+ closed sales history and #1 New Construction Team ranking. If you are considering The Well, La Baia, Roney Palace, or any similar residence, contact the Ivan and Mike Team directly or explore our main Miami luxury real estate page to start the search.
About Ivan & Mike
Ivan Chorney and Michael Martirena are the founders of The Ivan & Mike Team at Compass Florida, one of the most distinguished luxury real estate teams in the United States. With more than $2 billion in closed transactions, they are recognized among the Top 10 Medium Teams in the U.S. by RealTrends and #1 in New Construction Sales in Miami.
Ivan & Mike are celebrated for their deep market intelligence, developer partnerships, and discreet, relationship-driven approach. Their clients include UHNWIs, CEOs, athletes, and global investors seeking strategic acquisitions across South Florida.
Their mission is simple:
“We connect extraordinary people with extraordinary properties, delivering not just a transaction—but a lifestyle.”
Their insights have been featured in The Real Deal, Forbes México, Mansion Global, Inman, and The Wall Street Journal, positioning them as architects of Miami’s luxury lifestyle.
📍 Based in Coconut Grove, Miami, FL 📞 (305) 907-7948 📧 ivan.chorney@compass.com** | **mike.martirena@compass.com 🌐 www.ivanandmike.com
Why should buyers work with the Ivan and Mike Team as top realtors in Miami rather than any agent?
Bay Harbor Islands and Miami Beach move on relationships and building-specific knowledge that a generalist agent simply will not have. The Ivan and Mike Team’s $298.32M in verified 2025 sales volume and #1 New Construction Team ranking reflects the depth of access that separates top realtors in Miami from occasional players in this market. They know which units in buildings like The Well or La Baia offer the best views and can flag reserve or association issues in condo documents before a buyer commits.
What is the difference between buying in Bay Harbor Islands versus Miami Beach?
Bay Harbor Islands offers boutique, low-density bayfront buildings like The Well and La Baia, while Miami Beach spans everything from classic oceanfront towers like Roney Palace to ultra-exclusive addresses like Faena House. Bay Harbor Islands carries a quieter, more residential feel, while Miami Beach offers more variety in price point and lifestyle energy. The right fit depends on whether a buyer prioritizes tranquility or oceanfront energy.
How do I know if I am working with the best real estate agents in Miami Beach or Bay Harbor Islands?
Look for agents who discuss specific buildings and recent comparable sales rather than general neighborhood talk. The best real estate agents in Miami Beach and Bay Harbor Islands have a verifiable track record, and the Ivan and Mike Team’s RealTrends-verified sales volume and developer relationships across both neighborhoods demonstrate that standard clearly.
Are new bayfront condos like The Well or La Baia a better investment than older Miami Beach buildings?
Not necessarily. New construction offers modern systems, wellness amenities, and warranties, while established buildings like Faena House offer longer, more predictable appreciation history. The right fit depends on risk tolerance and whether a buyer values design or proven performance more.
How does the Ivan and Mike Team support out-of-town or relocating buyers?
The team coordinates virtual tours and connects buyers with trusted local attorneys and lenders, drawing on agents fluent in English, Spanish, Turkish and Arabic. Their developer relationships have repeatedly secured off-market inventory for relocating clients, which is a core reason buyers consider the Ivan and Mike Team among the top real estate agents in Miami Beach and Bay Harbor Islands.
