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Waterfront · Condominium
$1,195,000$649 / sqft
7935 East Dr # 504, North Bay Village FL 33141
Listed
3
Bedrooms
3
Bathrooms
1,840 sqft
Interior
2009
Year built
$2,204 / mo
HOA
Condominium
Type
About this home
REFINED MODERN WATERFRONT LIVING AT CIELO IN NORTH BAY VILLAGE! Encompassing 1,840 SF of interior space, this Exceptional 3-bedroom, 3-bathroom corner residence faces east, south, and west, flooded with natural light and offering stunning sunrise-to-sunset views. Two expansive terraces. This move-in-ready residence features a newly remodeled kitchen. Expansive floor-to-ceiling windows showcase the water from every room. Private elevator entry. 2 premier parking spaces, the best in the building. Dedicated storage unit. The home has recent updates, including the A/C system, hot water heater, washer, dryer, and dishwasher, offering peace of mind for years to come. Residents enjoy a boutique lifestyle in an intimate, well-managed building of just 35 units with strong financials. Recent updates include a renovated lobby, new roof, and upgraded docks. Amenities include a rooftop pool and jacuzzi with panoramic views, a steam room, private boat docks, a fitness center, and a community room. Ideally located near top-rated schools, including Miami Country Day School, this property combines luxury, location, and lifestyle. A rare opportunity to own a beautifully updated waterfront condo in a sought-after, meticulously maintained building.
Features
- Built-in Features
- Closet Cabinetry
- Walk-In Closet(s)
- Open Balcony
- Bay
- Water View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,900–$12,000.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.