Landau Sells Out Indian Creek Residences as Bay Harbor Islands Market Prices Surge 93%, Raising Value

Key Points

• The boutique waterfront condo project Indian Creek Residences & Yacht Club on Bay Harbor Islands has officially sold out—all nine residences have been purchased by buyers.

• Average pricing at the project has reached ~$1,900 per square foot, marking it among the top‑tier boutique developments in South Florida.

• This submarket has seen a ~93 % rise in price per square foot over the past two years, helping Bay Harbor Islands pull about 14 % above the broader Miami luxury market.

The sell‑out of Indian Creek Residences & Yacht Club signals a turning point for Bay Harbor Islands. For landlords, brokers and investors, this confirms strong demand for boutique‑scale, premium waterfront product in Miami’s luxury enclave. 

Sell‑Out Milestone

Project details & developer strategy

• The development by Landau Properties offered just nine private residences, creating ultra‑limited supply.

• The firm emphasised a design‑forward, intimate residential experience, emphasising privacy, precision architecture and curated amenities rather than high‑density units.

• This boutique approach aligns with a trend: affluent buyers are increasingly favouring exclusivity, waterfront access and fewer units rather than large towers.

Why the sell‑out matters

• Complete sell‑out sends a signal: even in a competitive luxury condo market, well‑positioned boutique waterfront product commands premium value and can achieve full absorption.

• For brokers and investors this underscores the power of scarcity + prime location in Miami’s luxury segment.

Bay Harbor Islands Pricing & Market Context

Pricing details

• Residences at the Indian Creek project are averaging at least ~$1,900 per square foot.

• Over the past two years the price‑per‑square‑foot in Bay Harbor Islands’ luxury condo market has surged ~93 %.

• As a result, Bay Harbor Islands is trending ~14 % above the broader Miami luxury market in terms of per‑square‑foot value.

Broader market context

• The broader Miami luxury condo market is seeing modest growth: For example, in Q2 2025 the average price per square foot for luxury condos in Miami hit ~$1,027/sq‑ft, up 3.1 % year‑over‑year.

• Inventory remains elevated in many luxury sub‑markets, making location, product quality and exclusivity more critical than ever.

What this means for investors & landlords

• Waterfront, low‑density, high‑design product continues to outperform.

• Neighbourhoods like Bay Harbor Islands that are consolidating luxury identity may offer outsized upside.

• For landlords considering new builds or boutique conversions: the premium for scarcity + waterfront + architectural DNA remains meaningful.

Developer’s Next Move & Implications

• Landau Properties is now advancing its next project, One Kane, a boutique office development in Bay Harbor Islands, signalling a long‑term commitment to the area.

• This shift into high‑quality commercial product suggests that investors and developers view Bay Harbor Islands not just as a luxury residential enclave, but as a growing mixed‑use node.

• For brokers and landlords this means the area is evolving: residential dominance is giving way to workplace/amenity integrations, which can further strengthen value.

Premium Value

The sell‑out of Indian Creek Residences & Yacht Club underscores a clear trend for luxury real estate in Miami: Scarcity + prime waterfront location + boutique scale = premium value. For real estate investors and landlords, Bay Harbor Islands stands out as a neighbourhood where that formula is playing out in real time. As the market shifts from volume to quality, those who position themselves early in neighbourhoods like this may reap the rewards.