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Waterfront · Condominium
$5,995,000$1,620 / sqft
7918 West Dr # 2002, North Bay Village FL 33141
Listed
5
Bedrooms
6
Bathrooms
3,700 sqft
Interior
2026
Year built
$6,660 / mo
HOA
Condominium
Type
About this home
TULA Residences, a boutique luxury waterfront condominium building, home to 54 exclusive two-to-three bedroom corner Residences and six exclusive five-bedroom half-floor Penthouse masterpieces. Each residence offers max efficiency floor plans, conceptual organic interiors, 10 ft-ceilings, custom Italian-designed chef's kitchens, floor-to-ceiling windows and sliding glass doors, private wrap-around glass enclosed terraces. The best, most breathtaking, unobstructed panoramic views of Biscayne Bay, Miami's skyline and the Atlantic Ocean. Exceptional amenities include resort-style infinity pool with cabanas, fitness and wellness center, media room, lounge, pet spa, parking garage, 24-hour concierge service. Boutique in scale. Rich in character. TULA Residences.
Features
- First Floor Entry
- Cooking Island
- Fire Sprinklers
- Entrance Foyer
- Other
- Roman Tub
- Split Bedroom
- Den/Library/Office
- East Of Us1
- Open Balcony
- Bay
- Skyline
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 5-bed rentals across Miami-Dade, from 21 active listings; the middle half ask $24,000–$45,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter 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. We are not a lender and neither offer nor arrange financing. 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.