Home » Properties » 7904 West Dr # 204, North Bay Village FL 33141

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Studio Condo at 7904 West Dr #204, North Bay Village FL

Charming 446 sqft studio condo with separate kitchen and parking in North Bay Village. No rental restrictions; Airbnb allowed.

$199,000

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MLS #A11721349

Listing Updated: 2026-07-12 06:42:02

Listed By: Beachfront Realty Inc

Overview

This 446 sqft studio condominium located at 7904 West Dr #204 in North Bay Village offers a practical living space with a separate kitchen and one parking space. Built in 1963, the unit is situated on the second floor, providing comfortable access. The property has no rental restrictions and allows Airbnb rentals, making it flexible for owners. Currently, the unit is leased to a reliable tenant at $1,600 per month. The community has recently paid the assessment for a new pool, enhancing the shared amenities. This residence suits buyers seeking a manageable, well-located home or a rental property in a desirable Florida neighborhood.

Property Highlights

Studio condo with separate kitchen, 1 parking space, no rental restrictions, Airbnb allowed, leased at $1,600/month, new pool assessment paid.

Property Details

City: North Bay Village

State: FL

Zip Code: 33141

Address: 7904 West Dr # 204, North Bay Village FL 33141

Year Built: 1963

Property Type: Residential

Property Sub Type: Condominium

Listing Office Name: Beachfront Realty Inc

County: Miami-Dade County

Garage Spaces: 1

Parking Features: 1 Space

Interior Features: Second Floor Entry

Exterior Features: Other, None

Waterfront: Yes

Pool: No

HOA Fee: $420

Annual Tax: $2,362

Days On Market: 513 Days

Original Listing Description

LIVE ON VACATIONS!! GREAT STUDIO WITH SEPARATE. KITCHEN . 1 SPACE PARKING. NOT RENTAL RESTRICTIONS!! AIRBNN ALLOWED IN THE BUILDING. ACTUALLY UNIT IS RENTED FOR 1 YEAR TO AN EXCELLENT TENANT FOR $1600 DOLLARS A MONTH. ASSESSMENT FOR NEW POOL IS PAID.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

7904 West Dr # 204, North Bay Village FL 33141

About This Neighborhood

North Bay Village is a small, vibrant community located between Miami and Miami Beach, offering waterfront living and easy access to urban amenities. The neighborhood features a mix of residential condominiums, local shops, and dining options. Its proximity to Biscayne Bay provides scenic views and recreational opportunities. Residents enjoy a blend of relaxed island atmosphere with convenient city access, making it appealing for both permanent residents and seasonal visitors. The community’s ongoing improvements, including new shared facilities, contribute to its desirability.

Walkability & Lifestyle

The neighborhood offers a walkable lifestyle with nearby dining, shopping, and recreational facilities. Residents can enjoy waterfront parks and marinas within a short distance, ideal for outdoor activities and relaxation. The proximity to Miami Beach and Miami expands options for entertainment, cultural experiences, and beach access. Daily errands and leisure activities are conveniently accessible, making this location practical for those who value both urban amenities and scenic surroundings.

Things To Do Nearby

North Bay Village provides a variety of lifestyle options including boating, fishing, and waterfront dining. The community’s location between Miami and Miami Beach offers easy access to cultural venues, nightlife, and shopping districts. Outdoor enthusiasts can explore nearby parks and marinas, while food lovers benefit from diverse local restaurants. The area supports an active lifestyle with opportunities for golf, water sports, and community events, catering to a broad range of interests.

Nearby Schools

North Bay Village is conveniently located near several educational institutions serving a range of grade levels. Families benefit from access to public and private schools in nearby Miami and Miami Beach, providing diverse options for quality education. The area’s accessibility allows for reasonable commuting times to schools, enhancing convenience for residents. Educational resources in the broader region support the community’s appeal to families and individuals seeking well-rounded living environments.

Why Buyers Like This Area

Buyers appreciate North Bay Village for its unique island setting combined with proximity to Miami and Miami Beach. The community offers a quieter alternative to bustling city life while maintaining access to essential services and entertainment. The availability of properties with flexible rental policies appeals to investors and second-home buyers alike. The recent improvements in community amenities, including a new pool, enhance the living experience. Its compact, well-maintained condominiums suit those seeking manageable, well-located homes.

Investment Potential

This studio condominium in North Bay Village offers a flexible ownership opportunity due to the absence of rental restrictions and allowance of Airbnb rentals. Its manageable size and separate kitchen appeal to a variety of tenants and buyers, including those seeking seasonal or short-term stays. The location within a community with updated amenities, such as a new pool, adds to its attractiveness. While rental income can vary, the current lease at $1,600 monthly indicates tenant interest. Buyers should consider the property's potential as a convenient pied-à-terre or a rental asset in a sought-after Florida area.

Market Trends

The North Bay Village real estate market remains steady, with consistent demand for smaller condominiums and studios due to their affordability and location advantages. Inventory levels support a balanced market, attracting buyers interested in waterfront communities close to Miami’s core. Buyers often seek properties that offer flexibility in usage, including short-term rentals, which is supported by local regulations in this area. Long-term interest in North Bay Village is maintained by its unique island setting and proximity to major employment and entertainment hubs.

Rental Income Potential

Rental prospects for this studio condo are favorable given the allowance of Airbnb rentals and absence of rental restrictions. The unit's compact size and separate kitchen make it attractive for short-term visitors or long-term tenants. Seasonal demand in the Miami area typically supports strong occupancy rates, especially in waterfront communities like North Bay Village. While rental income can fluctuate with market conditions, the current lease arrangement at $1,600 per month demonstrates tenant interest and income potential for owners considering rental use.