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7939 East Dr # 15, North Bay Village FL 33141
About this home
15-Unit Waterfront Building for sale in the Heart of the Bay, North Bay Village. This modern architectural gem offers 15 two-story units, crowned by a spectacular penthouse boasting unobstructed panoramic views of Biscayne Bay and Miami Beach. Each unit has 20 foot ceilings, floor-to ceiling windows, and DIRECT water views! Amidst a wave of new construction, including what is rumored to be a Ritz Carlton Residences coming next door, North Bay Village is set to emerge as one of the most desirable locations as a three island community positioned between Miami and Miami Beach.
Features
- Elevator
- Walk-In Closet(s)
- Ocean View
- Skyline
- Water View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $126,414
- 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.