This is a tremendous tear-down opportunity. Bal Harbour in Miami-Dade County, or "The Village" as it is locally known, is one of the most beautiful and exclusive areas of the thriving Miami area. Located on the northern tip of the island of Miami beach, it boasts water-front properties such as the Ritz-Carlton Bal Harbour and the Oceana at Bal Harbour, as well as an exclusive residential gated community in its western end. Property taxes that stay local, s opposed to high state income and sales taxes, and no non-sense policies have left much of the Miami metropolitan area alone among big metro areas in terms of not suffering much of the urban plight seen elsewhere from Los Angeles and Seattle to the once shining Big Apple. The sunshine, ocean canals and lush tropical gardens combined with the lively social scene make the area truly unique in the US mainland. A friendly police presence is everywhere, city services are efficient, timely and clean, and incredibly traffic and prices are still light compared to Los Angeles and other big US cities, with all their current problems. The Village, on a barrier island, has convenient road connections to both the mainland and the neighboring small islands such as the Bay Harbor islands (the eastern island zoned for commercial properties, and the western island for residential properties) and super-exclusive Indian Creek (home to the likes of Carl Icahn, Jared and Ivanka (Trump) Kushner, Tom Brady and Enrique Iglesias).