7701 Center Bay Dr, North Bay Village FL 33141
About this home
Welcome to a exceptional opportunity to create your dream home in the highly sought-after gated community of North Bay Island. Situated on a private island in Biscayne Bay, this spacious 5-bedroom, 4-bathroom residence offers an incredible canvas for customization, renovation, or redevelopment. North Bay Island is known for its privacy, security, and tranquil residential atmosphere—while still being just minutes from the vibrant energy of Miami Beach and the mainland. The island setting provides a peaceful lifestyle and a true sense of retreat, all while remaining centrally located. The home features generous living spaces and an ideal layout for both large families and entertaining, with endless potential to transform into a modern masterpiece. Enjoy close proximity to top dining, shopping, beaches, marinas, and outdoor recreation, with easy access to both Miami and Miami Beach. This is more than a home—it’s a chance to build value, create vision, and own in one of Miami’s most unique and desirable island communities.
Features
- Built-in Features
- Entrance Foyer
- French Doors
- Other
- Split Bedroom
- 3 Bedroom Split
- Walk-In Closet(s)
- Den/Library/Office
- Family Room
- Great Room
- Storage
- Utility Room/Laundry
- Barbeque
- Built-In Grill
- Room For Pool
- None
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $10,063
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.