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Single Family Residence
$1,790,000$671 / sqft
7701 Center Bay Dr, North Bay Village FL 33141
Listed
5
Bedrooms
4
Bathrooms
2,667 sqft
Interior
1956
Year built
None
HOA
Single Family Residence
Type
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
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 200 active listings; the middle half ask $5,000–$20,000.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.