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Waterfront · Condominium
$220,000$495 / sqft
7904 West Dr # 812, North Bay Village FL 33141
Listed
0
Bedrooms
1
Bathrooms
444 sqft
Interior
1963
Year built
$703 / mo
HOA
Condominium
Type
About this home
Beautifully designed and fully furnished, this turnkey residence offers one of the most compelling entry points for waterfront living and investment in Miami. Ideally located between Miami Beach and Miami, enjoy water views and unmatched access to the city’s best beaches, restaurants, nightlife, shopping, and cultural destinations, making it highly desirable for both personal use and tourism demand. Thoughtfully curated to deliver an exceptional guest experience, this flexible property functions seamlessly as either a high-performing short term rental or a comfortable private retreat. Whether you're looking for income generation, a Miami getaway, or a hybrid lifestyle investment, this residence is ready from day one. With proven rental history, strong guest appeal, and a fully furnished move-in ready setup, this is a rare opportunity to secure a prime location with water access and views at one of the area’s most attractive price points.
Features
- No Interior Features
- East Of Us1
- Open Balcony
- Bay
- Skyline
- Water View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
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 studio rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,000.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.