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.
Developer: Clara Homes
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.
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.
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.
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.
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.
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