Onda Residences brings 41 yacht-inspired waterfront homes with private boat slips to Bay Harbor — boutique-scale luxury in Miami's quietest island submarket.
Key Takeaways
- Onda Residences is a 41-unit boutique waterfront condo from Morabito Properties on Bay Harbor Islands, with private deeded boat slips for select residences — rare for Miami pre-construction at this price point.
- Architecture by Revuelta Architecture and interiors by Italian-inspired studio create yacht-inspired layouts with curved white facades, layered terraces, and direct intracoastal views from most residences.
- Pricing starts in the mid-$2M range for 2-bedroom units with two- and three-bedroom layouts running roughly $1,500–$1,800 per square foot — well below Bal Harbour while offering closer-knit village living.
If you've spent time in the right pocket of Miami real estate, you already know Bay Harbor Islands is one of the quietest secrets in the market. Two small connected islands sitting between Bal Harbour and Surfside, big enough for a real village downtown but small enough that you can walk to the bay from anywhere. And the new wave of boutique developments is doing something Bay Harbor hasn't seen at this density before — proper architectural luxury with waterfront access at a price point that doesn't require a Star Island budget.
Onda Residences is the cleanest expression of that wave I've seen launch in months. Let me walk you through it.
THE DEVELOPER — MORABITO PROPERTIES
Onda is the work of Morabito Properties, the Sergio Morabito-led development group that's been quietly building one of the most thoughtful boutique luxury portfolios in South Florida. Morabito's earlier Bay Harbor projects established the playbook — small footprint, high-design facades, boutique unit count, premium finishes, and meaningful waterfront frontage — and Onda is the most ambitious of the group's Bay Harbor builds to date.
What I appreciate most about Morabito's approach is the discipline. They build for owner-occupiers and long-term hold investors, not for the flip-and-go crowd. The buildings are sized to keep maintenance costs reasonable, the amenity programs are sized to what residents actually use, and the architecture is meant to age well rather than chase a passing trend. That focus shows up in the resale market — earlier Morabito buildings in Bay Harbor and Bal Harbour are trading at meaningful premiums to comparable resale stock in their submarkets.
THE SITE AND THE BUILDING
Onda Residences sits on direct waterfront at the southern edge of Bay Harbor Islands' east island, with full Indian Creek waterway views and a clean line of sight to the open Atlantic horizon beyond Bal Harbour. The site delivers something rare for Bay Harbor — meaningful private dock frontage that supports private deeded boat slips for select residences, an amenity almost impossible to deliver in newer pre-construction at this price point.
The building is a deliberate boutique program: 41 residences across roughly 10 stories, with two- and three-bedroom layouts ranging from approximately 1,200 square feet up to 2,800 square feet for the corner units. The architecture comes from Revuelta Architecture International, the firm behind many of Brickell and Coral Gables' most successful luxury towers, and the visual language is a curved-white-facade nautical aesthetic that reads more Mediterranean villa than Miami glass tower. Layered cantilevered balconies, deep terraces that fit furniture and dining tables, and full-height sliding glass between living spaces and the outdoor areas.
Interior design takes its cues from yacht interiors — natural wood paneling, neutral stone, soft ivory upholstery, and detailing that nods to the boating lifestyle that defines the area without resorting to nautical kitsch. Standard delivery includes integrated Wolf and Sub-Zero appliance packages, custom Italian cabinetry, oak hardwood floors, and approximately 9.5-foot ceilings throughout.
THE AMENITIES — TIGHT, FOCUSED, NOT BLOATED
Onda's amenity program is exactly what a 41-unit building should have: focused, well-curated, and right-sized to the resident count. The signature elements: a rooftop pool deck with intracoastal views and full sunset orientation, a fitness center with a separate movement studio for yoga and pilates, a residents' lounge with co-working zones, a private boat-slip program for select unit buyers, and a small wellness suite with treatment rooms available by reservation.
There's no mega-spa, no padel court, no kids' club — and that's the point. The building isn't trying to be a resort. It's trying to be a high-functioning home for buyers who already use Bay Harbor's village walkability, the Bal Harbour Shops next door, and the Surfside beach a few blocks south as their extended amenity package.
The private deeded boat-slip program is the most distinguishing feature. Slip capacity will accommodate vessels in the 35–60-foot range, with direct intracoastal access and a short run to the ocean inlets. For Miami buyers who actually use a boat — which is to say, the most authentically Miami buyer profile — having a deeded slip attached to your residence is the kind of amenity you can't add later for any amount of money.
THE PRICING
Onda Residences launch pricing starts in the mid-$2M range for two-bedroom residences in the 1,200–1,400-square-foot range, which works out to roughly $1,500–$1,700 per square foot. Three-bedroom residences in the 1,800–2,400-square-foot range are pricing from the high-$3M to mid-$5M range, or approximately $1,650–$1,850 per square foot. Corner residences and waterfront-facing layouts trade at modest premiums, and the small number of residences with deeded boat slips carry an additional slip allocation that varies based on slip size.
That pricing positions Onda well below Bal Harbour's pre-construction average (now tracking above $3,000 per square foot for new luxury inventory) and below Surfside's premium beachfront product. The comparable Miami pre-construction pricing trend in similar boutique luxury is summarized in my earlier piece "The Wells Bay Harbor Islands: The 54-Residence Boutique Tower From Constellation Group That's Quietly Pricing Bay Harbor as Miami's Next Bal Harbour" — Bay Harbor as a whole is repricing upward as the village submarket gets discovered.
For broader context on the neighborhood, my piece "The Standard Residences Bay Harbor: The Boutique Branded Tower Bringing Standard Hotels' Lifestyle DNA to Miami's Quietest Luxury Submarket" covers the wider Bay Harbor pre-construction landscape that Onda fits into.
THE DEPOSIT SCHEDULE AND THE INVESTOR LENS
Standard Florida pre-construction deposit structure applies — 10% at contract, 10% at groundbreaking, 10% at top-off, 70% at delivery. For a $3M two-bedroom residence, that's $300K at contract, with construction milestones spread over 2027–2028 if the developer holds to current guidance, and delivery balance due in late 2028 or early 2029.
For investors, the calculation is bifurcated. Onda Residences is a long-term rental building, not a short-term-rental tower — Bay Harbor Islands' zoning and HOA culture do not contemplate Airbnb-style nightly rotation. Owners can lease for 6+ month terms, and the Bay Harbor rental comparable for 2BR luxury runs roughly $7,500–$10,000 per month, with 3BR units in the $11,000–$16,000 per month range. The investment case is appreciation-driven and long-hold, not cash-flow-driven.
What distinguishes the Onda investment case from other Bay Harbor pre-construction is the boat-slip layer. Deeded slips have appreciated faster than waterfront condos over the past ten years in South Florida, and the embedded slip allocation effectively bundles two appreciating assets into a single purchase.
THE BAY HARBOR ANGLE — WHY THIS NEIGHBORHOOD MATTERS
Bay Harbor Islands is the Goldilocks Miami submarket. Bal Harbour next door has the brand-name shopping, the world-class hotels, and the trophy pricing — but also the formal energy that doesn't suit everyone. Surfside has the beach access and the post-Surfside-collapse community spirit — but limited new luxury supply. Sunny Isles has the high-rise oceanfront density — but feels like Miami at the wrong volume to a lot of buyers.
Bay Harbor sits in the middle. Two small connected islands with a real downtown (Kane Concourse), full village walkability, top-rated A+ public schools, easy water access, and proximity to all of the surrounding submarkets' amenities without the trade-offs of any single one. The local population is roughly half full-time and half part-time, which keeps the village alive year-round without the seasonality whiplash of pure resort markets.
For multi-generational families building a long-hold Miami footprint, Bay Harbor is one of my most-recommended submarkets in 2026. Onda's boutique scale and waterfront-with-slip combination fits that buyer profile exactly.
View the full Onda Residences project page with current pricing and availability at carloscabalerealtor.com/new-development/onda-residences-bay-harbor
- Miami Market Snapshot — June 2026:
- Bay Harbor Islands median condo closing price (May 2026): approximately $1.85M
- Bay Harbor active pre-construction inventory: roughly 280 units across 3 active boutique projects
- Bay Harbor deeded boat-slip resale pricing (35-50 ft slip range): approximately $325K–$525K average
- Average days on market for Bay Harbor luxury condos under 5 years old: 71 days
Frequently Asked Questions
Q: When will Onda Residences Bay Harbor Islands deliver? A: Current Morabito Properties guidance targets delivery in late 2028 to early 2029, subject to final permitting and construction milestones. Florida pre-construction projects of this scale typically run 30–36 months from groundbreaking, with buyer deposit schedules timed to construction progress.
Q: How many residences at Onda will have private deeded boat slips? A: A limited number of residences will be paired with private deeded slip allocations — the exact slip-to-residence ratio has not been publicly confirmed, but buyers interested in the slip program should engage early in the launch since slip allocations historically sell out before the broader unit inventory at boutique waterfront projects.
Q: Can I short-term rent my Onda Residences unit on Airbnb? A: No — Bay Harbor Islands does not permit short-term residential rentals, and the building HOA documents are expected to require minimum lease terms of 6 months or longer. Buyers seeking Airbnb-compatible Miami condos should look at projects like the Frida Kahlo Wynwood Residences, 7200 Collins, or DOMUS Brickell Park instead.
Q: How does Onda compare to The Wells Bay Harbor Islands and The Standard Residences Bay Harbor? A: All three are boutique-scale Bay Harbor projects from credible developers, but each has a different positioning. The Wells leans pure luxury at a higher price point and tighter unit count. The Standard Residences leans lifestyle-branded with a focus on younger buyers. Onda lands between the two — quietly luxurious, waterfront-focused, with the boat-slip program as a unique differentiator for boating-oriented buyers.
Explore the full Onda Residences Bay Harbor Islands project on my website: carloscabalerealtor.com/new-development/onda-residences-bay-harbor
Let's find your next property together. Partnership Realty / Partnership Realty Inc / +1 (561) 629-0358 / carloscabalerealtor.com
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