A boutique waterfront condominium development in Bay Harbor Islands, Florida, has sold all nine of its residences, highlighting continued demand for exclusive homes that combine luxury design, privacy and access to the water.
Indian Creek Residences & Yacht Club, developed by Landau Properties, reportedly achieved average pricing of approximately $1,900 per square foot. The sellout was announced in November 2025 and has been featured again by Miami luxury-property brokerage BRG International in October 2026. Independent real-estate coverage corroborates the sellout announcement, although a sold-out development does not necessarily mean every residence has completed its final closing.
Just Nine Private Residences
The development is located at 9110 West Bay Harbor Drive in Bay Harbor Islands, a waterfront community between Miami Beach and Bal Harbour. Designed as a boutique residential project, it offers just nine homes across a low-density building rather than the hundreds of units found in many larger luxury towers.
The residences were designed by Kobi Karp Architecture & Interior Design, with interiors by Zarifi Design. The project’s appeal centres on contemporary architecture, waterfront views and a more private residential environment.
Initial sales launched in 2023, with reported starting prices of approximately $5.6 million for half-floor residences and $11 million for the penthouse. The limited number of homes means that each transaction can have a meaningful effect on the development’s overall pricing statistics.
Yacht Access Adds To The Appeal
The development’s yacht-club concept and private marina are central to its positioning. For buyers who own boats, convenient access to the water can be an important lifestyle feature, reducing the need to travel from a land-based residence to a separate marina.
This combination of luxury accommodation and boating facilities appeals to a specialised group of buyers, including entrepreneurs, international investors and individuals who maintain multiple residences.
Waterfront access alone, however, does not establish the suitability of a property for every vessel. Marina capacity, berth dimensions, navigational access, operating costs and any restrictions on use remain important considerations for prospective owners.
The development’s amenities also include wellness and recovery facilities, a rooftop pool and terrace, and shared lounge and entertainment spaces. The availability and operating status of individual facilities should be confirmed with the developer.
Bay Harbor Islands Gains Attention
Bay Harbor Islands has increasingly attracted attention within South Florida’s luxury residential market. Its location offers access to the beaches, shopping and restaurants of neighbouring communities while retaining a smaller-scale residential character.
BRG International reported that the local luxury market’s price per square foot had risen approximately 93% over the preceding two years, placing the area around 14% above the broader Miami luxury-condominium market in its comparison.
These figures provide context for the project’s reported pricing, but they should be treated as market estimates rather than proof that every property in the area has experienced comparable appreciation. Results can vary substantially according to building age, waterfront access, amenities and the quality of individual residences.
Scarcity Supports Premium Pricing
The sellout illustrates the potential appeal of tightly limited luxury developments. With only nine residences available, the project offered a degree of scarcity that is difficult to replicate in a large condominium tower.
For developers, boutique projects can differentiate themselves through architecture, privacy, personalised services and location rather than scale alone. For buyers, a limited supply of comparable properties may help support resale demand if interest in the neighbourhood remains strong.
However, scarcity is not a guarantee of investment performance. Luxury residences can be expensive to maintain, difficult to sell quickly and sensitive to changes in mortgage rates, insurance costs and buyer sentiment.
The reported average of roughly $1,900 per square foot is a useful indication of the development’s pricing position, but it should not be interpreted as a verified resale valuation for every unit.
Sold Out Does Not Mean Risk-Free
Although the development’s nine residences have reportedly been sold, an important distinction remains between a sales sellout and completed property closings. Independent project information reviewed in September 2026 indicated that the building’s final completion and occupancy status had not been conclusively confirmed through the available public records.
That distinction matters in pre-construction real estate. Buyers may commit to a purchase before construction is fully complete, while final closings and occupancy approvals occur later.
For investors, the relevant indicators extend beyond sales announcements. Construction completion, delivery schedules, final transaction prices, ongoing fees and resale activity will provide a clearer picture of the project’s long-term performance.
What The Sellout Signals
Indian Creek Residences & Yacht Club demonstrates the market appeal of combining limited residential supply with waterfront living and yacht-oriented amenities. Its reported sellout and premium pricing reinforce Bay Harbor Islands’ position as a niche destination within Miami’s luxury property market.
The wider lesson is that wealthy buyers are not simply purchasing square footage. They are paying for a combination of location, privacy, design and lifestyle convenience that can be difficult to reproduce elsewhere.
Whether that demand translates into lasting capital appreciation will depend on future resale transactions, the broader South Florida property market and the costs associated with owning and maintaining waterfront real estate.
