124 Park Dr: Exquisite $15.5M Luxury Retreat in Prestigious Bal Harbour Village

Date of Publishing: February 18, 2025

Luxury, privacy, and an exclusive waterfront lifestyle define this stunning residence in one of South Florida’s most sought-after communities.

A Modern Architectural Gem

Nestled within the ultra-exclusive, guard-gated Bal Harbour Village, 124 Park Dr is a striking example of contemporary elegance. Built in 2016, this 7-bedroom, 8-bathroom estate spans 6,169 square feet, offering an unparalleled blend of modern sophistication and serene tropical living. Now listed at $15.5 million this residence presents a rare opportunity to own a masterpiece in one of South Florida’s most coveted enclaves.

Spacious living area at 124 Park Dr, Bal Harbour, with floor-to-ceiling windows and an elegant open layout.

“This home is a true sanctuary,” says Wellington Cunha of Luxe Properties, the listing agent. “With its seamless indoor-outdoor flow, it captures the essence of luxury living while offering privacy and exclusivity.“

SEE MORE: A Lakefront Luxury Retreat in Windermere’s Exclusive Lake Butler Sound, Listed at $7.7 Million

Expansive Living Spaces with Unparalleled Comfort

Designed to perfection, the interiors feature a grand master suite with a spa-inspired bathroom and a private balcony overlooking the lushly landscaped gardens. The master chef’s kitchen boasts top-of-the-line finishes, a spacious walk-in pantry, and state-of-the-art appliances, making it an entertainer’s dream.

The open floor plan creates an effortless flow between the living, dining, and entertainment areas, all adorned with ceramic tile flooring, custom cabinetry, and floor-to-ceiling windows that bathe the space in natural light. The bar area adds a touch of refinement, perfect for hosting intimate gatherings.

Every detail in this Bal Harbour home for sale has been meticulously designed to balance comfort with high-end luxury. The additional six bedrooms are equally well-appointed, each featuring ensuite bathrooms with premium fixtures, ensuring privacy and convenience for family members and guests alike. The home’s elegant stairway leads to the upper floor, where expansive views of the surrounding Bal Harbour Real Estate can be enjoyed.

SEE MORE: A $150 Million Spectacular Ocean-to-Intracoastal Masterpiece in Manalapan

Outdoor Living at Its Finest

The 0.28-acre lot is thoughtfully designed to maximize relaxation and entertainment. The pristine in-ground pool and jacuzzi offer the perfect retreat from the Miami heat, while the expansive deck area is ideal for al fresco dining. A built-in barbecue station enhances the outdoor experience, making it an ideal setting for family gatherings or sunset cocktails.

The landscaped garden provides a tranquil setting, filled with tropical plants that add to the serene ambiance. A fenced yard ensures privacy, making this home a secluded paradise within one of Florida’s most prestigious communities.

“Luxury buyers today seek more than just a home; they seek an experience,” notes Marzena Bednarska, co-listing agent at Luxe Properties. “The outdoor amenities of this property truly elevate the lifestyle it offers.“

SEE MORE: Discover $47.5 Million Contemporary Waterfront Estate Featuring Grand Space in Palm Beach Gardens

Exclusive Marina Access & Prime Location

Beyond its architectural brilliance, 124 Park Dr offers access to one of the most exclusive marinas among home in Bal Harbour for sale, making it a dream home for boating enthusiasts. “Not many properties in Bal Harbour can accommodate large yachts, making this an exceptional feature,” says a source familiar with the area.

Residents are also just steps away from Bal Harbour Shops, a globally recognized destination for luxury shopping and fine dining, featuring brands such as Gucci, Prada, Chanel, and Valentino. Additionally, the pristine Bal Harbour Beach is within walking distance, providing a perfect blend of privacy and accessibility.

Living in Bal Harbour Real Estate means having unparalleled access to upscale dining, world-class shopping, and a close-knit community that values exclusivity. Nearby attractions such as The Ritz-Carlton Bal Harbour, Haulover Park, and Miami’s vibrant nightlife ensure that residents enjoy both tranquility and excitement at their convenience.

“Luxury Houses Magazine reached out to the previous owner of this property for insights into its evolution over the years, but no comments were provided.” This only adds to the allure of the estate, allowing prospective buyers to shape its next chapter.

A Strong Investment with a Rich Sales History

Over the years, 124 Park Dr has seen substantial appreciation. The property was last sold in April 2019 for $5,500,000, marking a dramatic increase in value as it has been meticulously enhanced to meet today’s luxury standards. Previous transactions date back to 2017 ($4,735,000) and 2007 ($1,359,000), reflecting the upward trajectory of the Bal Harbour Home for sale market.

This increase in value underscores the continued desirability of homes in Bal Harbour Village. The real estate market in this enclave remains strong, with luxury homes commanding top dollar due to their prime location, security, and exclusivity. Investors and homeowners alike recognize the long-term benefits of securing property in such a prestigious neighborhood.

“The demand for properties in Bal Harbour remains exceptionally high, and homes in this gated community rarely stay on the market for long,” notes Luxury Houses Magazine, which has tracked luxury real estate trends in the area.

A Coveted Address in an Exclusive Community

Bal Harbour Village is renowned for its security, exclusivity, and prestige, attracting high-net-worth individuals seeking privacy and luxury. With a low HOA fee of just $500 annually, residents enjoy the benefits of a well-maintained, highly sought-after neighborhood.

For discerning buyers looking for an unmatched living experience in one of Miami’s most desirable enclaves, 124 Park Dr presents an extraordinary opportunity. Whether as a permanent residence or a vacation home, this estate offers the ultimate combination of Bal Harbour Real Estate luxury and convenience.

“This home is a statement of elegance, offering the perfect balance of luxury, comfort, and accessibility,” says Luxury Houses Magazine.

To explore more details or schedule a private viewing, visit the official listing on Zillow.

For inquiries or to schedule a private showing, please contact:

Wellington Cunha
305-614-5992
Luxe Properties

Marzena Bednarska
786-357-1840
Luxe Properties

* This property might not for sale at the moment you read this post; please check property status at the above Zillow or Agent website links*

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Exquisite $15.5 Million Luxury Retreat in Prestigious Bal Harbour Village