Riva Condos For Sale & Rent

Riva Bay Harbor Condo Overview

Riva Bay Harbor is a Bay Harbor Islands condo building at 9400 Bay Harbor Dr in Bay Harbor Islands. Built in 2013, the property has 7 stories and 25 residences. Buyers usually weigh boutique building scale, water access, walkability, school-area demand, Bal Harbour proximity, parking, and monthly fees.

Riva Bay Harbor Condos for Sale

Riva Bay Harbor condos for sale should be compared by water or neighborhood exposure, floor level, layout, building age, interior condition, parking, and monthly fees. Buyers should review recent comparable sales, view quality, interior condition, parking, monthly fees, building rules, reserves, and insurance considerations before deciding how a listing is positioned.

Riva Bay Harbor Rentals and Rental Policy

Rental policy currently shows a long-term rental setup, a 6-month minimum rental term and up to 2 rentals per year. Buyers should verify association rules, approval timing, lease fees, taxes, city requirements, and current restrictions before relying on projected income.

Amenities and Building Details

The building was designed by Frankel Benayoun Architects. The building is pet-friendly. Buyers should review amenities, parking, security, reserves, insurance considerations, association rules, and monthly fees with the specific residence. The building boasts a heated rooftop swimming pool with a deck and cabanas, a modern fitness facility, a lounge area with a fire pit, and a barbecue and picnic space. Recreational amenities include a clubhouse with a billiards room, a tennis court, a business center, a media room, a children's playroom, and a chess gaming area. The spa, sauna, and steam rooms offer relaxation, while the 24/7 security, concierge services, covered parking with valet, private elevators, storage, and bike storage enhance comfort and convenience.

What to Compare Before Buying at Riva Bay Harbor

Compare active condos for sale, active rentals, recent sales, water exposure, unit condition, monthly fees, parking, rental rules, pet policy, and Bay Harbor Islands walkability. It is also useful to compare Riva Bay Harbor with nearby buildings and area pages such as Bay Harbor Islands and Sunny Isles Beach.

Market Context

Riva Bay Harbor has completed-year closed-sale history from 2015 through 2025 in the market statistics, with 21 recorded condo sales, or about 2 sales per year. That is a thinner resale sample, so each closed sale should be reviewed closely for condition, view, size, and unusual terms before using it as a benchmark. The busiest year in the series was 2021 with 6 sales, while the quietest was 2016 with 1. Recent completed-year sales volume is close to the long-term average. The gap between the busiest and quietest years also shows why buyers should separate building demand from broader market-cycle timing.

The completed-year price-per-square-foot history for Riva Bay Harbor ranges from about $372/sqft to $864/sqft, with an average near $584/sqft across the years shown. That wide valuation band means unit-specific factors can materially change the right price range. The last completed year in the series is higher than the first, moving from $556/sqft in 2015 to $864/sqft in 2025. The recent completed-year price-per-square-foot average is above the long-term average. Average closed price over the same completed-year period was about $1,401,308, but that number should be read by bedroom count, size, view, and renovation level.

Bedroom-level statistics also help explain value at Riva Bay Harbor: 3 Beds and 2 Beds units have the broadest historical comparison set, while 4 Beds+ around $1,587,500 and 3 Beds around $1,507,421 represent the higher average closed-price tiers in the chart data. Because the higher-tier segment has limited observations, it should be treated as directional rather than a standalone pricing rule. Buyers should compare units within the same bedroom count before deciding whether a listing is expensive or well positioned. Riva Bay Harbor also has long-term rental positioning with a 6-month minimum lease and up to 2 rentals per year, which should be read together with the long-term sales data. That points to a more traditional ownership profile, so long-term tenant quality, association approvals, and carrying costs matter more than short-stay turnover.