7913 West Dr North Bay Village, FL 33141
This exceptional 1.04-acre development site in North Bay Village, Florida (APN 23-3209-001-0013), presents a unique opportunity. With a fully approved site plan, this property allows for the construction of a 21-story building encompassing 94 residential units and 182,514 square feet of salable space. The RM-70 zoning designation ensures flexibility and potential for a high-density development. Situated in the prestigious Harbor Island neighborhood, this location offers breathtaking views of Biscayne Bay, with stunning vistas of Sunny Isles, Downtown Miami, and South Beach. Its strategic location provides unparalleled connectivity, being less than three miles from I-95 and within a short drive of Miami's most desirable areas, including Miami Beach, Wynwood, Midtown, Edgewater, Downtown, and Brickell. This prime location offers residents easy access to employment centers and vibrant lifestyle amenities. The approved plans provide a significant head start for developers, minimizing pre-construction hurdles and accelerating the development timeline. This is an exceptional opportunity to capitalize on the thriving Miami real estate market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.