Koya Bay

Macken Companies is a fully integrated firm with real estate investment, development, construction, financing and brokerage entities. With nearly 30 years of experience, Macken Companies has been instrumental in the repositioning and revitalization of neighborhoods throughout Miami. Macken’s multidisciplinary competency is a byproduct of its diversified team. Regardless of the size and scope of the endeavor, Macken approaches every opportunity with equal passion, diligence and responsibility.

FAQs

1. What is the asking price for Koya Bay properties in North Miami Beach?

The asking price for properties at Koya Bay, located at 4098 NE 167th St, North Miami Beach, FL, varies based on the unit type and floor plan. Prices typically range from $500,000 to several million dollars for penthouses, offering buyers a diverse range of options. The stunning views of the bay and prime location in North Miami Beach make Koya Bay a highly desirable real estate investment. To find up-to-date pricing details, it’s best to consult with a local real estate agent familiar with Koya Bay for sale listings.

2. What types of floor plans are available at Koya Bay?

Koya Bay offers a variety of floor plans designed to cater to different needs, including spacious 1-bedroom, 2-bedroom, and 3-bedroom units. Each unit is thoughtfully designed with open layouts, high ceilings, and premium finishes. Whether you’re seeking a cozy apartment or a larger, family-friendly space, Koya Bay for sale properties provide the flexibility to meet various lifestyle preferences. Floor plans typically feature modern kitchens, large windows, and balconies to enjoy the beautiful waterfront views.

3. Can I view photos of the Koya Bay properties for sale?

Yes, there are numerous high-quality photos available online showcasing the various properties at Koya Bay. These photos highlight the stunning architecture, contemporary interiors, and breathtaking bay views. From kitchen details to living areas and private balconies, photos of the Koya Bay for sale listings give potential buyers a comprehensive look at the space before deciding. Real estate platforms and the building’s official website provide galleries of images to explore.

4. How can I schedule a viewing of Koya Bay properties for sale?

To schedule a viewing of Koya Bay properties, simply contact a local real estate agent or the property management office directly. They can arrange a personalized tour based on your availability. Many real estate websites also allow you to book viewings online. Given the demand for properties in North Miami Beach, it’s advised to schedule a viewing in advance to secure your spot and experience the beauty of Koya Bay firsthand.

5. What are the amenities offered at Koya Bay?

Koya Bay boasts a range of luxurious amenities for its residents, including a state-of-the-art fitness center, resort-style swimming pool, and a private marina with boat access. The building also features 24-hour concierge services, a business center, and secure parking. Whether you’re looking to relax by the pool, stay fit in the gym, or enjoy the waterfront, the amenities at Koya Bay offer convenience and a high standard of living.

6. Is Koya Bay a pet-friendly community?

Yes, Koya Bay is a pet-friendly community. Residents can enjoy the convenience of having their pets with them in their homes. However, there are typically certain rules regarding pet size, breed restrictions, and the number of pets allowed. It’s advisable to confirm the specific pet policies with the property management before finalizing your decision to buy a unit at Koya Bay for sale.

7. What is the neighborhood like around Koya Bay in North Miami Beach?

The neighborhood surrounding Koya Bay in North Miami Beach is vibrant and diverse, offering residents easy access to a range of dining, shopping, and recreational options. North Miami Beach is known for its beautiful parks, waterfront views, and proximity to the beach. Residents can enjoy everything from casual eateries to upscale restaurants, as well as shopping centers like Aventura Mall, all just a short drive away. The area also has excellent schools and medical facilities, making it an ideal location for families and professionals.

8. How do property taxes in North Miami Beach compare to other areas?

Property taxes in North Miami Beach, including those for Koya Bay properties, are relatively moderate compared to other luxury waterfront locations in Florida. The tax rate is based on the assessed value of the property, which can vary depending on the size and location of the unit. It’s advisable to consult with a local tax advisor or real estate agent to understand how property taxes will affect your investment in Koya Bay.

9. Are there any financing options for purchasing a Koya Bay property?

Yes, there are financing options available for purchasing properties at Koya Bay. Many buyers opt for traditional mortgages, which can be obtained through banks or other financial institutions. Financing terms, including interest rates and down payment requirements, may vary depending on the lender and the buyer’s financial profile. It’s recommended to pre-qualify for a mortgage before exploring Koya Bay for sale listings to streamline the buying process.

10. Is Koya Bay a good investment opportunity?

Koya Bay represents a solid investment opportunity due to its prime location in North Miami Beach, a thriving real estate market. Properties in this area tend to appreciate over time, especially those with waterfront views and luxury amenities. Koya Bay for sale units are likely to attract both short-term vacation renters and long-term tenants, providing the potential for rental income. Additionally, the development’s modern features and proximity to major attractions further enhance its investment appeal.

11. What makes Koya Bay different from other properties in North Miami Beach?

Koya Bay stands out due to its unique combination of modern design, luxurious amenities, and its prime waterfront location. While many buildings in North Miami Beach offer similar features, Koya Bay is specifically designed to provide a serene living experience with panoramic views of the bay. The exclusive private marina, eco-friendly features, and customizable floor plans further distinguish Koya Bay from other properties for sale in the area.

12. Are there any upcoming developments near Koya Bay?

Yes, there are several upcoming developments near Koya Bay in North Miami Beach, including new residential complexes, shopping centers, and public infrastructure projects. These developments are expected to further enhance the area’s value, making it an even more attractive place to live and invest. Residents of Koya Bay will benefit from improved amenities and infrastructure, which will add to the overall appeal of the neighborhood.

13. What is the square footage of Koya Bay units?

The square footage of Koya Bay units varies based on the floor plan. For example, 1-bedroom units range from approximately 800 to 1,100 square feet, while 2-bedroom units are typically between 1,200 and 1,500 square feet. Larger penthouses may offer even more space, with some spanning over 2,000 square feet. The spacious layouts ensure that buyers can enjoy both luxury and comfort in these stunning North Miami Beach properties.

14. How does the weather in North Miami Beach affect property values at Koya Bay?

The year-round warm climate and proximity to the beach positively influence property values in North Miami Beach, including those at Koya Bay. Residents enjoy beautiful weather, ideal for outdoor activities and waterfront living. The demand for waterfront properties tends to remain high, and favorable weather conditions contribute to the area’s long-term appeal, helping to maintain and grow property values in Koya Bay.

15. Can Koya Bay properties be used as vacation homes?

Yes, Koya Bay properties can certainly be used as vacation homes. With its luxurious amenities, prime location, and spectacular views, Koya Bay is an excellent choice for those looking to invest in a vacation property. Additionally, the proximity to popular tourist destinations, beaches, and restaurants makes it an attractive option for vacationers. If you’re not living in your unit year-round, you can also consider renting it out for short-term stays.

16. What is the parking situation like at Koya Bay?

Koya Bay offers ample parking for its residents, including both assigned and guest parking spaces. The building features secure, covered parking garages for residents, ensuring that vehicles are protected from the elements. Additionally, there are designated spaces for visitors, making it convenient for guests to visit. For those with multiple cars or additional storage needs, extra parking spaces may be available for rent.

17. Are there any waterfront views at Koya Bay?

Yes, many of the properties at Koya Bay offer stunning waterfront views, either of the bay, the Miami skyline, or both. The waterfront location provides residents with picturesque scenery, especially during sunset or sunrise. Whether you’re enjoying your morning coffee on the balcony or entertaining guests, the breathtaking views add to the overall appeal and luxury of living in Koya Bay.

18. What is the real estate market like in North Miami Beach?

The real estate market in North Miami Beach has seen steady growth over the past few years, driven by demand for luxury waterfront properties and the area’s prime location. Properties like Koya Bay for sale are highly sought after, with prices continuing to rise. North Miami Beach offers a diverse range of housing options, from upscale condos to single-family homes, making it an attractive market for both investors and homeowners.

19. How do I determine if a Koya Bay property is right for me?

To determine if a Koya Bay property is right for you, consider your lifestyle, budget, and specific needs. Think about the size of the unit, the amenities offered, and the overall ambiance of the building and neighborhood. Take a tour of available properties to get a feel for the space and view the floor plans. Additionally, consult with a real estate agent to ensure that you are making an informed decision based on your preferences and requirements.

20. What is the resale value of Koya Bay properties?

The resale value of Koya Bay properties is strong due to the building’s location, amenities, and the growing demand for real estate in North Miami Beach. Properties in prime waterfront locations tend to hold or increase in value over time, especially with well-maintained units and upgrades. Additionally, given the building’s luxury features, it’s likely that future buyers will find Koya Bay appealing, ensuring strong resale potential.

21. Is Koya Bay a gated community?

Yes, Koya Bay is a gated community, providing enhanced security and privacy for its residents. The gated entrance restricts access to only authorized individuals, offering peace of mind for those living in or visiting the property. This feature adds an extra layer of protection and exclusivity to Koya Bay, making it an ideal choice for individuals who prioritize security in their living environment.

22. Are there any green or sustainable features at Koya Bay?

Yes, Koya Bay incorporates sustainable and eco-friendly features within its design. The building’s construction includes energy-efficient appliances, water-saving fixtures, and environmentally-conscious materials. These green initiatives help reduce the environmental footprint of the property, aligning with the growing demand for sustainable living. Additionally, the property’s proximity to water allows for energy-efficient cooling and natural lighting, further enhancing the eco-friendly appeal of Koya Bay.

23. How does the cost of living at Koya Bay compare to other luxury properties?

The cost of living at Koya Bay is competitive with other luxury properties in North Miami Beach and the greater Miami area. While the prices of properties for sale vary, Koya Bay offers a good balance between luxury and affordability, especially given its prime location and high-end amenities. The cost of living includes not only the property price but also HOA fees, utilities, and other living expenses, which are generally on par with similar luxury developments.

24. What are the HOA fees for Koya Bay properties?

The HOA fees at Koya Bay cover a variety of services and amenities, including maintenance of common areas, landscaping, security, and access to the building’s amenities such as the fitness center and swimming pool. HOA fees typically range from $400 to $1,000 per month, depending on the size of the unit and the amenities included. It’s important to confirm the exact fees with the property management when considering a Koya Bay for sale unit.

25. What is the average rental income for Koya Bay properties?

Rental income for properties at Koya Bay can vary depending on the unit size, location within the building, and rental demand. On average, owners can expect to earn between $2,000 and $6,000 per month in rental income, especially for larger units or those with prime waterfront views. Given Koya Bay’s desirable location in North Miami Beach, short-term vacation rentals and long-term leases are both viable options for generating rental income.

26. Are the properties at Koya Bay furnished?

Properties at Koya Bay are typically sold unfurnished, giving buyers the flexibility to design their living spaces according to their personal tastes. However, some units may come with basic kitchen appliances and fixtures. Buyers can choose to furnish their units with high-end furniture or opt for turnkey furnished units through third-party service providers, depending on the available listings.

27. How do I know if Koya Bay is the right investment for me?

Determining if Koya Bay is the right investment depends on several factors, including your budget, investment goals, and the specific features of the property. If you are looking for a luxury waterfront home in a high-demand area with strong rental income potential, Koya Bay could be a perfect fit. It’s advisable to work with a knowledgeable real estate agent who specializes in North Miami Beach properties to evaluate the investment potential and help you make an informed decision.

28. What is the walkability score of Koya Bay?

The walkability score of Koya Bay is considered excellent, with many essential services and amenities within walking distance. Residents can easily access restaurants, shops, parks, and public transportation. The waterfront location also makes it ideal for those who enjoy outdoor activities like jogging, walking, or biking along the scenic coast. With its prime location, Koya Bay provides residents with the convenience of walking to many places, enhancing the appeal of the property.

29. What types of financing are available for buying a property at Koya Bay?

For purchasing a property at Koya Bay, conventional financing options such as fixed-rate mortgages, adjustable-rate mortgages (ARMs), and jumbo loans are available. Lenders typically require a down payment ranging from 10% to 20%, depending on the buyer’s credit history and the property’s purchase price. Additionally, some buyers may consider using a 1031 exchange if selling another investment property. It’s best to speak with a mortgage broker to explore the best financing options for your needs.

30. Can I rent out my unit at Koya Bay?

Yes, you can rent out your unit at Koya Bay, either on a long-term or short-term basis. The property allows for both vacation rentals and traditional leases, which can provide owners with an opportunity for rental income. However, it is essential to confirm the specific rental policies and restrictions with the property management or homeowners’ association (HOA) before listing your unit for rent, as there may be guidelines on lease terms or rental frequency.

31. How long does the buying process take for Koya Bay properties?

The buying process for Koya Bay properties typically takes between 30 to 60 days, depending on several factors such as financing approval, negotiations, and inspections. Once you have an accepted offer, the process includes conducting inspections, finalizing financing, and reviewing contracts. It’s important to work with a real estate agent to ensure that all necessary steps are completed promptly and smoothly.

32. Are there any special assessments for Koya Bay properties?

Special assessments for properties at Koya Bay are generally rare but can occur for significant repairs or upgrades to the building. These assessments are typically shared among the unit owners and are designed to cover large-scale improvements. Before purchasing a property at Koya Bay, it’s advisable to inquire about any existing or potential special assessments to avoid unexpected costs in the future.

33. How close is Koya Bay to Miami International Airport?

Koya Bay is located approximately 20 miles from Miami International Airport, which translates to a 30-minute drive under normal traffic conditions. This makes the location highly convenient for frequent travelers, with easy access to one of the busiest airports in the U.S. Miami International offers flights to various domestic and international destinations, enhancing the convenience for residents who need to travel regularly.

34. What is the safety and crime rate like in the area around Koya Bay?

The area around Koya Bay in North Miami Beach is considered safe, with a lower crime rate compared to other parts of the Miami metropolitan area. The neighborhood benefits from active community engagement, private security, and the presence of law enforcement. However, like any urban area, it’s always recommended to stay informed about local crime trends and take common safety precautions, particularly in busy public areas.

35. Are there any shopping centers near Koya Bay?

Yes, there are several shopping centers near Koya Bay, offering everything from luxury brands to everyday essentials. Nearby shopping destinations include Aventura Mall, one of the largest shopping malls in the country, and Bal Harbour Shops, a high-end retail center. In addition, local grocery stores, convenience shops, and boutique stores are all within a short distance, providing plenty of options for residents.

36. Is Koya Bay located in a flood zone?

Koya Bay is located in an area that may be subject to flooding risks, particularly during severe weather events like hurricanes. However, the building is constructed with elevated foundations and other flood mitigation measures to minimize the risk of flood damage. It’s essential to consult with a local expert or property management to understand the flood zone classification and whether flood insurance is required.

37. What is the future development plan for the area around Koya Bay?

The future development plans for the area around Koya Bay include further residential and commercial developments, parks, and public infrastructure improvements. These planned developments aim to enhance the overall quality of life for residents and increase property values. As the area grows, the demand for luxury waterfront properties like Koya Bay is expected to continue, making it a potentially lucrative investment.

38. How close is Koya Bay to the beach?

Koya Bay is just a short distance from the beach, offering residents easy access to the coastline and the opportunity to enjoy a variety of water-based activities. The proximity to the beach enhances the property’s appeal, allowing residents to take advantage of the Miami area’s world-renowned beaches, perfect for relaxation, sunbathing, and water sports.

39. Are there any schools near Koya Bay?

Yes, there are several highly regarded schools near Koya Bay, including public, private, and charter schools. Families will find a range of educational options for children of all ages, from elementary schools to high schools. The area also has access to prestigious universities and colleges, making it an ideal location for residents with families or those seeking higher education opportunities.

40. How is the public transportation system around Koya Bay?

The public transportation system around Koya Bay is well-connected, with bus stops and metro stations within easy reach. The Miami-Dade Transit system provides a reliable way to get around the city and surrounding areas. For those who prefer alternative transportation, bike-sharing programs and ridesharing services like Uber and Lyft are also widely available, ensuring convenient travel for residents.