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Condominium at 7904 West Dr, North Bay Village FL 33141Pending
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Waterfront · Condominium
$2,595,000$329 / sqft

7904 West Dr, North Bay Village FL 33141

1
Bedrooms
1
Bathrooms
7,891 sqft
Interior
1963
Year built
$1,900 / mo
HOA
Condominium
Type

About this home

PRICED TO SELL - MASSIVE REDUCTION - The Most Unique Property in All of Miami. A true blank canvas in the sky—this one-of-a-kind penthouse offers approximately 8,000 SF of interior space and 2,000 SF of exterior terraces, with unobstructed 360° panoramic views spanning the entire Miami skyline, including Downtown. Currently delivered as a raw, open-volume shell with no interior walls, the residence is wrapped in floor-to-ceiling glass, flooding the space with natural light and offering breathtaking views in every direction. This is a rare opportunity to design and build a completely custom environment tailored to your vision. Zoned for both residential and commercial use, the possibilities are expansive, whether envisioned as a private residence, luxury live/work space, spa, gym/yoga studio or a statement commercial concept. With a storied past, the property was once a nightclub and lounge reportedly frequented by Frank Sinatra, adding a layer of legacy and cultural significance. Positioned atop a mixed-use building, the penthouse offers a unique sense of privacy, scale, and flexibility rarely found in Miami. Potential uses include: Private Residence • Live/Work Concept • Lounge • Restaurant • Recording Studio • Gallery • Wellness Space • Creative Studio • and more. For the visionary buyer ready to create something truly iconic—this is your opportunity to shape a piece of Miami’s future. 3 FOLIOS.

Features

  • No Interior Features
  • Skylight
  • None
  • Open Balcony
  • Bay
  • Ocean View
  • Pool Area View
  • Skyline
  • Water View

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$15,022

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$13,122
HOA
$1,900 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
EXP Realty LLC

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

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 rent, 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. 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.