Indian Creek Residences & Yacht Club Sells Out, Setting a New Benchmark for Bay Harbor Islands

Indian Creek Residences & Yacht Club, a boutique waterfront condominium on Bay Harbor Islands, has officially sold out. All nine residences were purchased by buyers seeking private, design-driven waterfront living. The project reached an average of roughly $1,900 per square foot, placing it among the strongest boutique developments in South Florida.

A Sell-Out That Signals a Market Shift

The full absorption of the building marks a turning point for Bay Harbor Islands. The submarket has recorded a ~93% rise in price per square foot over the past two years. As a result, Bay Harbor Islands now sits about 14% above the broader Miami luxury market. This sell-out shows how limited, well-positioned waterfront product continues to command premium prices.

Boutique Vision, Limited Supply

Landau Properties designed the project around privacy and exclusivity. The building offers only nine residences, each crafted with precision architecture and curated amenities. This approach reflects a wider trend: affluent buyers prefer intimate, low-density buildings over large luxury towers. Therefore, boutique projects with strong design identities continue to outperform.

Why the Sell-Out Matters

The rapid sell-out reinforces the value of scarcity. Even in a competitive luxury market, a waterfront building with limited supply can achieve strong pricing and quick absorption. For brokers and investors, this highlights the ongoing importance of location, exclusivity, and high-quality design.

Bay Harbor Islands By the Numbers

• ~$1,900+ per square foot at Indian Creek Residences & Yacht Club

• ~93% increase in Bay Harbor Islands luxury pricing over two years

• ~14% premium compared to Miami’s overall luxury condo market

• ~$1,027 per square foot for Miami luxury condos in Q2 2025, up 3.1% year-over-year

These figures show how Bay Harbor Islands continues to grow as a luxury micro-market. Moreover, elevated inventory across Miami makes boutique, waterfront product even more attractive.

Implications for Investors & Landlords

The project’s performance reveals a clear pattern. Waterfront and low-density properties often deliver stronger long-term value. In addition, design-forward projects tend to draw committed buyers. For landlords and developers, this confirms that neighborhoods with a strong identity—like Bay Harbor Islands—offer meaningful upside.

The Developer’s Next Move

Landau Properties is now moving forward with One Kane, a boutique office project in Bay Harbor Islands. This signals long-term confidence in the area’s evolution. As the neighborhood adds more commercial and lifestyle offerings, it will likely strengthen its mixed-use appeal.

The Formula for Premium Value

The success of Indian Creek Residences & Yacht Club highlights a simple equation: scarcity + waterfront access + boutique scale = premium value. As Miami’s luxury market continues shifting toward quality over quantity, early placement in emerging luxury enclaves becomes even more rewarding.

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