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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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Market Overview
There are 2 active listings for sale in Bay Lure right now. The median list price is $7,460,000, or about $1691 per square foot. Listings span $5,925,000 to $8,995,000, so there is inventory across most budgets. Homes are averaging 132 days on market. These figures update from the MLS as the market moves.
Bay Lure Market Stats
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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 4 to 6 bedrooms and 4.5 to 5.5 baths. Living areas run from about 4,225 to 4,727 square feet. The mix here includes single family homes. Current prices run from $5,925,000 to $8,995,000. The homes on the market were built between 2017 and 2023.
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 $7,460,000, 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.
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