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Waterfront · Condominium
$2,450,000$663 / sqft
7934 West Dr # 1504, North Bay Village FL 33141
Listed
4
Bedrooms
4
Bathrooms
3,696 sqft
Interior
2006
Year built
$3,400 / mo
HOA
Condominium
Type
About this home
An exceptional opportunity to own a sprawling waterfront residence created from two combined lofts at the coveted Space 01 condominium. Perched on the 15th floor, this one-of-a-kind gem captures sweeping Biscayne Bay views through an impressive wall of glass. Encompassing 3,696 SQ FT, the residence features flexible living spaces, with option to convert to a 4 BD/4 BA. Expansive interiors with soaring ceilings, abundant natural light, and a versatile layout that includes both private and open-concept sleeping quarters. The property includes three dedicated parking spaces along with an additional street parking permit. Space 01 residents enjoy access to a rooftop pool and spa, fitness center, EV charging stations, and secure controlled-entry access.
Features
- First Floor Entry
- Bay
Leasing
- Minimum lease
- 181 days
- Leases permitted per year
- 2
- Renting Limited
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.
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
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 4-bed rentals across Miami-Dade, from 119 active listings; the middle half ask $15,900–$36,500.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.