Building facts
- Address
- 7928 East Drive
- Neighborhood
- North Bay Village
- Year built
- 2009
- Floors
- 20
- Residences
- 120
- Status
- Completed
- Developer
- Domus One
- Architect
- Kobi Karp
- Pricing
- Starting at $430,000
Key Takeaways
- 77 residences at 7928 East Drive, with no commercial folios.
- Values have been remarkably steady — per-foot pricing has stayed inside a narrow $439 to $505 band across four years.
- It is a two-bedroom building: 56 of the 77 homes, with 21 one-bedrooms and nothing else.
- Median floorplate is 1,398 square feet, running 828 to 3,572.
- The 2026 median assessed value is $420,891 — among the more accessible waterfront stock in the area.
- The record sale is $2,000,000, from September 2021.
7928 East Drive, Miami, Florida | Neighborhood: North Bay Village
Accessible waterfront in North Bay Village
Counted against the Miami-Dade County Property Appraiser record on 17 August 2026, Eloquence on the Bay returns 77 residential homes, with no commercial folios.
The mix is simple: 56 two-bedrooms and 21 one-bedrooms, with no studios and nothing larger. Heated area runs 828 to 3,572 square feet with a median of 1,398.
At a median assessed value of $420,891, this is one of the more accessible ways to own on the water here — roughly half the level of Cielo on the Bay directly across the street, which has substantially larger homes.
North Bay Village sits on islands in Biscayne Bay along the 79th Street Causeway, between Miami and Miami Beach — waterfront, with quick access in both directions.
Four years inside a narrow band
Qualified sales from the county record — arm’s-length only.
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 6 | $541,500 | $478 |
| 2024 | 4 | $702,500 | $505 |
| 2025 | 2 | $537,500 | $439 |
| 2026 to date | 2 | $535,000 | $481 |
$478, $505, $439, $481. Across four years that is a spread of about 15% with no direction — the underlying value here simply has not moved much.
That steadiness is worth something in a market where several buildings in this series have moved 20–39% in either direction. It is also helped by the building’s uniformity: with only one- and two-bedroom homes, the mix of what sells varies less than in buildings spanning studios to five-bedrooms.
Volume is the limitation — six, four, two and two qualified sales. Fourteen transactions in four years across 77 homes means comparables are thin, and the 2025 and 2026 rows rest on two sales each.
The building’s record sale is $2,000,000, in September 2021.
Who this building suits
This suits a buyer who wants waterfront at a realistic entry price and values predictability over upside. Four years inside a 15% band is about as stable as this data gets.
It suits a buyer needing space less well — the 1,398 square foot median is comfortable but the building tops out at two bedrooms for all but a handful of homes. If you want more, Cielo across the street is the direct comparison.
If you are selling, the stability is your argument: this building has not given back value the way much of the surrounding market has. Just be aware there are few recent comparables to point at.
Verified 17 August 2026 against the Miami-Dade County Property Appraiser record for 7928 East Drive — all 77 folios retrieved individually, then filtered to homes, excluding parking, cabana and storage folios. Recent sale samples are small and are described as such. Building age and storey count are omitted: published sources conflict and none has been confirmed. Re-check when the next tax roll publishes.
Eloquence on the Bay — Frequently Asked Questions
How many units are in Eloquence on the Bay?
The Miami-Dade County Property Appraiser records 77 residential homes at 7928 East Drive, with no commercial folios — 56 two-bedrooms and 21 one-bedrooms.
Have values been stable at Eloquence on the Bay?
Yes. Price per square foot has moved $478, $505, $439 and $481 across 2023 to 2026 — a spread of about 15% with no direction, at a time when several comparable buildings moved 20% to 39%.
What size are the residences?
Heated area runs from 828 to 3,572 square feet with a median of 1,398. The building is 56 two-bedrooms and 21 one-bedrooms, with no studios and nothing larger.
What do condos at Eloquence on the Bay sell for?
Two qualified sales so far in 2026 at a median of $535,000 and $481 per square foot. The record sale is $2,000,000, from September 2021, and the 2026 median assessed value is $420,891.
How does it compare with Cielo on the Bay?
They sit across the street from each other. Eloquence is the more accessible of the two — a median assessed value of $420,891 against $872,412 — while Cielo’s homes are substantially larger, with a 1,910 square foot median against 1,398 here.
Is Eloquence on the Bay a good investment?
It offers steady value and accessible waterfront pricing rather than growth. The trade-off is liquidity: fourteen qualified sales across four years in a 77-home building means thin comparables and a patient exit.
Sources and further reading
Interested in selling at Eloquence on the Bay
Learn more about selling condo at Eloquence on the Bay with Josh Stein.
Related coverage
Part of Miami Luxury Condos.