Neighborhood Guides · June 25, 2026
Alma & Mila Bay Harbor Islands: Inside Kobi Karp's Most Intimate New Development
Two buildings. Eighteen residences. One of the most discreet addresses in South Florida. Alma & Mila bring Kobi Karp's signature architecture to Bay Harbor Islands — a neighborhood that is quietly becoming Miami's most compelling boutique luxury market.
By Condo Invest Miami Research · Editorial & market research · 7 min read
The Quietest Luxury Address in Miami
Some buyers have already seen Brickell, toured Sunny Isles, and walked every tower on Collins Avenue — then decided they wanted smaller, calmer, more private. For that buyer profile, Bay Harbor Islands has become one of South Florida’s most compelling opportunities. Within that narrative, Alma & Mila commands attention.
Two buildings. Nine residences each. Eighteen homes total. Designed by Kobi Karp — the architect behind Surf Row Residences in Surfside and Villa17 in South Beach. Located in North Bay Harbor Islands, steps from Kane Concourse, minutes from Bal Harbour Shops, and a short drive to Surfside Beach.
This will not be a billboard-driven launch. It will circulate quietly among buyers who already know what they want.
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Two Buildings, One Vision
Alma and Mila are sister projects — separate buildings, distinct characters, shared architectural authorship and a unified design approach.
Alma contains 9 residences with 2 to 5 bedrooms, ranging from 2,500 to 4,400 square feet. These are the larger offerings — full-floor and near-full-floor plans that read more like private homes than typical condominiums.
Mila contains 9 residences with 2 to 4 bedrooms, ranging from 2,100 to 4,000 square feet. Slightly more compact, but equally generous in proportion and finish.
Both buildings deliver the same defining elements:
- Private elevator entry directly into each residence — no shared corridors, no lobby encounters with neighbors
- Full-through floor plans with east and west exposures, capturing both sunrise over the Atlantic and sunset over Biscayne Bay
- Miele-equipped Italian kitchens with custom cabinetry
- Floor-to-ceiling impact glass throughout
- East and west terraces that function as genuine extensions of the living space
Kobi Karp’s signature is clear: curved lines, layered balconies, a facade that reads residential rather than commercial, and a scale that respects the neighborhood.
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The Rooftop: A Shared Retreat
For buildings with only nine residences each, the rooftop programming at Alma & Mila is unusually complete. The shared rooftop retreat includes:
- Pool with sun shelf and loungers — not a lap pool or a decorative feature, but a genuine resort-quality pool designed for daily use
- Curated wellness space — a dedicated area for yoga, meditation, or personal training
- Summer kitchen and BBQ — fully equipped for outdoor entertaining
- Dedicated hosting areas — private spaces for gatherings that do not require you to leave the building
In a boutique envelope, the rooftop does not compete with 300 other residents for a lounge chair. It functions more like a penthouse terrace than a communal amenity.
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Bay Harbor Islands: The Neighborhood Matters
Alma & Mila’s value is as much neighborhood-driven as architecture-driven.
Bay Harbor Islands is a small, incorporated town on two kidney-shaped islands between Miami Beach and the mainland. The West Island is exclusively single-family homes. The East Island — where Alma & Mila are located — contains the residential buildings, the Kane Concourse business district, and the community infrastructure. The entire municipality covers less than half a square mile.
That scale is the advantage.
What the market data says: According to Q2 2026 market analysis, Bay Harbor Islands recorded a median sale price of $767,500 and an average sale price of $922,197 for condos and townhomes — well above Miami-Dade County's median of $400,000. Year-over-year, the median sale price was up 25.8% in Q4 2025. Over half a billion dollars in new luxury development has been delivered or is under construction in the island community between 2025 and 2026 — the most concentrated wave of construction in Bay Harbor Islands' recorded history.
What the lifestyle offers: From Alma & Mila, the daily geography looks like this:
Destination · Distance
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Bal Harbour Shops · 3 minutes
Surfside Beach · 5 minutes
Kane Concourse dining & cafés · Walking distance
The Well Wellness Club · 15 minutes
Miami Beach · 10 minutes
Miami International Airport · 25 minutes
The Bal Harbour Shops proximity matters. At 3 minutes by car, residents access Chanel, Hermès, Valentino, Makoto, Carpaccio, and the Four Seasons Champagne Bar without living in a resort district. Bay Harbor Islands gives access without the noise.
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How Alma & Mila Fits the Bay Harbor Market
Bay Harbor Islands has shifted materially over the past three years. The arrival of The Well Bay Harbor Islands — Terra Group's $238 million wellness-focused mixed-use development on Kane Concourse — altered the neighborhood’s profile. The building's office component is 80% pre-leased, with Tom Brady's family office among its tenants. That’s not celebrity gossip; it’s an institutional-grade signal that sophisticated users have evaluated and chosen the address.
Recent completions — La Baia (sold out in pre-construction), Onda (boutique marina building), Bay Harbor ONE — have established a clear market for boutique luxury product in the $2M–$6M range. Alma & Mila arrive at an advantageous moment: after neighborhood credibility, before the pricing ceiling is fully tested.
Relevant comparisons in the North Beach corridor include:
- 9900 West (Bay Harbor Islands) — 23 residences, private marina, $3.2M+, delivery Summer 2026
- La Maré (Bay Harbor Islands) — boutique waterfront, $2.5M+, delivery 2027
- Surf Row Residences (Surfside) — 28 residences, Kobi Karp, $5M+, delivery 2026
- Alhambra Parc (Coral Gables) — 78 residences, Mediterranean, $1.1M+, delivery 2027
Alma & Mila sit at the intersection of boutique scale, architectural quality, and neighborhood momentum — a combination increasingly rare in South Florida.
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Who Alma & Mila Is For
This project targets a specific buyer.
Value privacy above all else. Private elevator entry eliminates shared corridors. Nine residences per building make the lobby, rooftop, and amenities genuinely intimate. This is as close as a condominium comes to a private home.
Want a true home, not a hotel. Full-through floor plans, east and west terraces, and Miele kitchens are designed for daily living — for cooking, entertaining, and inhabiting the space.
Prefer understatement. Alma & Mila won’t compete with branded towers in Brickell or oceanfront super-luxury in Sunny Isles. That restraint is intentional. The appeal here is architectural and residential, not brand-driven.
Are drawn to the North Beach corridor. Bay Harbor Islands, Surfside, and Bal Harbour offer a quieter, more residential, more European character than much of Miami. Buyers familiar with the corridor recognize that immediately.
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Pricing and Availability
Pricing for Alma & Mila is available upon request. With only 18 residences total, availability is limited and the sales process is selective. Contact our team directly for floor plans, pricing, and a confidential consultation.
Delivery is targeted for 2027.
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Our Take
Alma & Mila deliver something increasingly scarce in Miami’s pre-construction market: a boutique development by a world-class architect, in a neighborhood with demonstrable momentum, at a scale that prioritizes the owner’s experience over developer spectacle.
Bay Harbor Islands no longer sits under the radar — the data, the development pipeline, and institutional interest make that clear. Alma & Mila, however, with only 18 residences across two buildings, will remain rare long after the neighborhood’s broader story is widely known.
For buyers seeking a true boutique address in the North Beach corridor, this merits serious consideration.
Frequently Asked Questions
What is the difference between Alma and Mila?
Alma offers 9 residences with 2 to 5 bedrooms ranging from 2,500 to 4,400 SF. Mila offers 9 residences with 2 to 4 bedrooms ranging from 2,100 to 4,000 SF. Both buildings share the same architect (Kobi Karp), the same design philosophy, and the same rooftop amenities. The primary difference is scale — Alma's residences are slightly larger on average.
Where exactly are Alma & Mila located in Bay Harbor Islands?
Alma & Mila are located in North Bay Harbor Islands on the East Island, which is the residential and commercial side of the municipality. The buildings are within walking distance of Kane Concourse, 3 minutes from Bal Harbour Shops, and 5 minutes from Surfside Beach.
What does private elevator entry mean in practice?
Each residence has its own private elevator that opens directly into the home — not into a shared corridor. This means you enter and exit your residence without encountering neighbors in hallways. It is one of the most significant privacy features available in a condominium setting and is more common in ultra-luxury boutique buildings than in larger towers.
Is Bay Harbor Islands a good investment in 2026?
Bay Harbor Islands recorded a 25.8% year-over-year increase in median sale price in Q4 2025, and over $500 million in new luxury development has been delivered or is under construction between 2025 and 2026. The neighborhood's boutique supply, A-rated schools, and proximity to Bal Harbour and Surfside make it one of the most structurally interesting micro-markets in South Florida for long-term value.
How does Alma & Mila compare to other boutique buildings in Bay Harbor Islands?
The closest comparables are 9900 West (23 residences, private marina, $3.2M+), La Maré (boutique waterfront, $2.5M+), and Onda (41 residences, marina). Alma & Mila are the most intimate of the group at 9 residences per building, and are the only ones designed by Kobi Karp. For buyers who prioritize architectural quality and maximum privacy, they represent the most boutique option currently available in Bay Harbor Islands.
What is the expected delivery date for Alma & Mila?
Delivery is targeted for 2027. As with all pre-construction projects, buyers should confirm the current timeline with the sales team, as schedules can be subject to change based on construction progress and permitting.