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Waterfront · Condominium
$410,000$495 / sqft
7928 East Dr # 1403, North Bay Village FL 33141
Listed
1
Bedrooms
1
Bathrooms
828 sqft
Interior
2009
Year built
$1,077 / mo
HOA
Condominium
Type
About this home
Estate Sale – Priced Below Market Value for a Quick Sale! Exceptional opportunity at Eloquence on the Bay in North Bay Village. This 14th-floor, 2-bedroom, 2-bath residence offers breathtaking views of Biscayne Bay and the Miami skyline from the living area, primary bedroom, and private balcony. The property requires substantial repairs and renovations, including addressing visible water damage, deteriorated walls, and other deferred maintenance. The estate is seeking a quick sale and has priced the unit accordingly, with no intention of making repairs. The property is being sold strictly AS-IS. A comparable unit with the same layout recently closed for $475,000, highlighting the potential to purchase below market value, renovate to your taste, and build immediate equity, subject to renovation costs. Enjoy resort-style amenities including 24-hour concierge and security, private marina, swimming pool, jacuzzi, fitness center, yoga studio, social room, and tennis court. Bring your vision and take advantage of this exceptional investment opportunity!
Features
- First Floor Entry
- Cooking Island
- East Of Us1
- Open Balcony
- Bay
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Okay To Lease 1st Year
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $1,950–$3,495.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.