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Waterfront Community · Miami Shores, FL
Bay Lure is a luxury waterfront, luxury community in Miami Shores, Miami-Dade County, Florida. Properties are priced from $5,900,000 to $9,500,000.
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Bay Lure Market at a Glance
Live MLS · Updated Aug 30, 2026
Residential MLS data for Bay Lure, updated nightly. View full market reports →
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Market Overview
There are 2 active listings for sale in Bay Lure right now. The median list price is $4,962,500, or about $1113 per square foot. Listings span $3,999,999 to $5,925,000, so there is inventory across most budgets. Homes are averaging 138 days on market. These figures update from the MLS as the market moves.
Bay Lure Market Stats
Live MLSFrequently Asked Questions
About Bay Lure
Bay Lure is a luxury waterfront, luxury community in Miami Shores, Miami-Dade County, Florida. Properties are priced from $5,900,000 to $9,500,000. Pure Equity Realty lists homes in Bay Lure for 1% commission and provides free buyer representation.
Homes & Architecture
Homes for sale in Bay Lure offer 6 bedrooms and 5 to 5.5 baths. Living areas run from about 4,109 to 4,727 square feet. The mix here includes single family homes. Current prices run from $3,999,999 to $5,925,000. The homes on the market were built between 2021 and 2023.
Schools
Homes for sale in Bay Lure are typically zoned for the Miami Shores public schools below, based on current MLS listings. Confirm the exact attendance zone for any specific address with the Miami-Dade County school district before you buy.
Market & Value
Values in Bay Lure track the community's own sales more closely than any broad regional number. The median list price in Bay Lure is around $4,962,500, or roughly $1,113 per square foot. That sits about 729% above the Miami-Dade County median, which shows where Bay Lure lands in the local market. Recent asking prices have run from $3,999,999 to $5,925,000, so the home you choose within Bay Lure matters as much as the community average. Homes here have recently taken about 138 days to go under contract, a useful gauge of how quickly the Bay Lure market is moving. For pricing an offer or a listing, comparable sales within Bay Lure carry more weight than any headline number, since homes of the same type and size set the real range. Pure Equity Realty can pull the active and recently sold homes in Bay Lure so you work from real numbers, not an estimate.
Who It Suits
A quick read on who fits Bay Lure saves time before you visit. Bay Lure appeals to boaters and buyers who want to be on the water, whether a canal, lake, or the Intracoastal. Waterfront homes carry their own insurance and maintenance considerations, so factor wind and flood coverage into the budget from the start. On price, Bay Lure sits at the luxury end of the market, where buyers weigh the specific home, its finishes, and its setting closely. Whether Bay Lure is right for you depends on how you plan to use the home, full time or seasonally, and Pure Equity Realty can walk you through the tradeoffs before you commit.
Amenities & Lifestyle
Waterfront homes here offer canal, lake, or Intracoastal frontage, and some sites include private dockage.
Location
Bay Lure is located in Miami Shores, part of Miami-Dade County, Florida. Residents are close to the shopping, dining, schools, and parks of the Miami Shores area, with the wider job centers, beaches, and airports of the region within driving distance.
Buying in Bay Lure
Buying in Bay Lure follows the same path as the rest of Miami-Dade County. Getting a mortgage pre-approval first tells you your real budget and lets you move quickly when the right home comes up. Property taxes factor into the monthly payment: the median annual property tax in Miami-Dade County is about $3,516. Florida's homestead exemption lowers the taxable value of a primary residence, and the Save Our Homes cap limits how fast that assessed value can rise from year to year. Budget for homeowners insurance as well. Rates in Florida reflect wind and flood exposure, so gather quotes early and check whether a specific address sits in a FEMA flood zone. Once you are under contract, plan for a home inspection and, if you are financing, a lender appraisal, both of which fall inside the inspection period. Working with an agent who knows Miami Shores means you see new listings in Bay Lure the day they reach the market.
Selling in Bay Lure
A successful sale in Bay Lure comes down to pricing, presentation, and marketing. List prices in Bay Lure currently center around $4,962,500, which is a starting reference for where a comparable home might be positioned. Homes that are decluttered, professionally photographed, and priced to recent comparable sales tend to draw the most interest in the first two weeks, when a listing is newest and gets the most views. Florida sellers usually pay the documentary stamp tax on the deed, currently $0.70 per $100 of the sale price in most counties, along with prorated property taxes and, by local custom in many areas, the owner's title insurance policy. We provide a no-obligation home valuation for Bay Lure owners in Miami Shores, so you can see what your property could sell for before you commit to listing.
Public Records
Anything on this page that affects what a home costs to own, assessed value, exemptions, flood zone, is published by a public agency. These are the official sources, not our summaries of them.
Miami-Dade County Property Appraiser
Assessed value, homestead exemption status, and recorded sales history for any parcel.
FEMA Flood Map Service Center
Look up the official flood zone for an address before you budget for insurance.
Florida Department of Revenue, property taxes
How Florida assesses property, and which exemptions you can claim.
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