10290 E Bay Harbor Dr

10290 E Bay Harbor Dr, Bay Harbor Islands FL, 22154
Bay Harbor
Bay Harbor

Clara Homes is developing a boutique multifamily community at 10290 E Bay Harbor Dr in the Bay Harbor Islands submarket of Miami. The project represents Phase 1 of a three-phase luxury rental initiative and introduces a rare opportunity for professionally managed residences in one of South Florida’s most exclusive island neighborhoods.

Project Overview

Status: Under Construction (Construction Start: September 2024)
Estimated Completion: February 2027
Total Units: 150 luxury rental apartments
Stories: 6
Buildings: 3
Avg Unit Size: 1,791 SF
Parking: 18 Surface Spaces

This new mid-rise community offers large-format units in a market segment largely defined by condo ownership, filling a critical gap in professionally managed luxury rentals in Bay Harbor Islands.

Design & Amenities

Building Amenities:

  • Rooftop Pool and Sundeck (planned)

  • Fitness Center (planned)

  • Outdoor Yoga Studio (planned)

  • 24-Hour Access

  • On-site Property Management

  • Resident-Controlled HVAC

  • Online Resident Services

The project emphasizes privacy, tranquility, and upscale finishes. Clara Bay Harbor will set a new standard for rentals in Miami Beach-area submarkets.

Development Team

Clara Homes: A Miami-based real estate development firm led by founder James Curnin. Known for ultra-luxury multifamily and single-family properties in South Florida and Los Angeles, Clara Homes is vertically integrated and focused on delivering high-end living environments. Current projects also include a 154-unit luxury rental community in Wynwood.

Financing: $53.6 million construction loan arranged by Walker & Dunlop for Phase 2 of the larger Bay Harbor development.

Market Context

South Florida continues to display strong multifamily fundamentals. Despite a slight drop in occupancy from peak levels, stabilized properties still maintain above-average national rates, and asking rents have seen steady increases—especially in boutique, luxury segments like Bay Harbor Islands.

Nearby Local Gems

  • Bal Harbour Shops: An iconic open-air luxury mall with retailers including Gucci, Chanel, and Balenciaga.

  • Surfside Beach: A quiet beach enclave ideal for sunbathing and leisurely strolls.

  • Kane Concourse: A pedestrian-friendly corridor with fine dining, art installations, and boutique shops.

Stay Tuned

Track the progress of Clara Bay Harbor as it approaches its 2027 debut. If you're part of the development team or have additional details to share, please reach out to help enrich the profile of this transformative project.

Project Details

Developer

Clara Homes

Type

Multifamily

Unit Count

150

Financing

$53.6M construction loan secured for Phase 2

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