Building facts
- Address
- 7935 East Drive
- Neighborhood
- North Bay Village
- Year built
- 2009
- Floors
- 16
- Residences
- 36
- Status
- Completed
- Developer
- Egozi Development, Inc.
- Architect
- Revuelta Vega Leon
- Pricing
- Starting at
Verified 25 August 2026Miami-Dade County Property Appraiser1 source
Cielo on the Bay — photography to follow
Key Takeaways
- Two identical homes sold 40% apart, six weeks apart — both 1,954 square feet. One went for $1,400,000 on 30 June 2025 ($716 per foot); the other for $1,000,000 on 9 July 2025 ($512). Same plan, same summer.
- The most common plan jumped 45% per foot in one sale — the 1,910 sq ft plan traded between $589 and $628 per square foot across four sales in 2023 and 2024. In May 2025 one sold at $911 — $1,740,000, the highest price the building has ever recorded.
- So the spread inside one year is wider than four years of trend — 2025 produced sales at $911, $716 and $512 per square foot. A single figure for this building is not meaningful, and the range is the honest answer.
- Thirty-five homes, and nearly all are two large floorplans — twelve at 1,910 square feet and eleven at 1,840, plus six at 1,954 and five at 1,884. The smallest home in the building is 1,840 sq ft.
- Twenty-three of the 35 homes are three-bedrooms — plus eleven two-bedrooms and a single five-bedroom. There is no one-bedroom and no studio.
- One of the 36 folios is not a home — the thirty-sixth is a reference folio for the underlying land parcel. The declaration closes at exactly 100.0000%.
Cielo on the Bay, by the numbers
Developer: Egozi Development, Inc. · Architect: Revuelta Vega Leon · Starting at. Source: the building record on this site.
7935 East Drive, Miami, Florida | Neighborhood: North Bay Village
In the summer of 2025, two identical 1,954 square foot homes at Cielo on the Bay sold six weeks apart. One fetched $1,400,000. The other fetched $1,000,000. Nothing about the floorplan changed in between, and that gap — 40% on the same plan in the same season — is the most important thing to understand before valuing anything in this building.
What the county records at 7935 East Drive
The Miami-Dade County Property Appraiser holds 36 folios at 7935 East Drive in North Bay Village, all in one declaration, CIELO ON THE BAY CONDO. Thirty-five are homes. The thirty-sixth is a reference folio for the underlying land parcel — no bedrooms, no square footage, no share — and is excluded from every figure below. The common-element shares close at exactly 100.0000%.
The homes run 1,840 to 3,724 square feet, median 1,910, and cluster in four floorplans: 1,910 sq ft (twelve homes), 1,840 (eleven), 1,954 (six) and 1,884 (five). The smallest home in the building is 1,840 square feet — there is no one-bedroom and no studio here.
Twenty-three are three-bedrooms, eleven are two-bedrooms and one is a five-bedroom. For 2026 the county assesses the 35 homes from $277,252 to $1,672,127, a median of $872,412.
Two identical homes, six weeks, 40% apart
Six homes share the 1,954 square foot plan. Two of them sold within six weeks of each other in 2025:
| Date | Size | Price | $/sq ft |
|---|---|---|---|
| 30 June 2025 | 1,954 sq ft | $1,400,000 | $716 |
| 9 July 2025 | 1,954 sq ft | $1,000,000 | $512 |
Forty per cent, on the same floorplate, thirty-nine days apart. The market did not move 40% in six weeks. Floor, outlook, condition and the circumstances of each sale account for the difference, and in a 35-home building those factors dominate.
The 1,910 square foot plan, which twelve homes share, makes the same point differently:
| Date | Price | $/sq ft |
|---|---|---|
| 8 February 2023 | $1,125,000 | $589 |
| 7 September 2023 | $1,140,000 | $597 |
| 26 January 2024 | $1,150,000 | $602 |
| 26 March 2024 | $1,200,000 | $628 |
| 2 May 2025 | $1,740,000 | $911 |
Four sales across two years sat in a tight band between $589 and $628. The fifth, in May 2025, came in at $911 — 45% above the highest of them, and the highest price the building has ever recorded. One sale does not establish a level, but it does establish that this plan can achieve that number.
Taken together, 2025 produced sales at $911, $716 and $512 per square foot in a building where every home is within a few hundred square feet of every other. The range is the answer; the average is not.
The price record across four years
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 3 | $1,140,000 | $597 |
| 2024 | 3 | $1,150,000 | $602 |
| 2025 | 3 | $1,400,000 | $716 |
| 2026 to date | 0 | — | — |
2023 and 2024 were genuinely stable — six sales across two years, all between $504 and $628 per square foot, on similar plans. That is a real, comparable-quality reading.
2025 is not. Its three sales were $911, $716 and $512 per foot. The median of $716 sits between two very different outcomes and describes neither. Nothing has sold so far in 2026.
The building has recorded 68 qualified sales since 2009 — roughly two per home — so the longer history is substantial even though any single year is thin.
Who is Cielo on the Bay right for, and who is it not?
It suits a buyer who will inspect rather than average. The evidence here is unusually direct about it: two identical homes, six weeks apart, 40% apart in price. Whatever separated them is visible on viewing and invisible in a spreadsheet.
It suits a buyer who wants space on the water in North Bay Village. Every home is at least 1,840 square feet and two thirds are three-bedrooms.
It suits badly anyone anchoring to the May 2025 record. $911 per square foot is one sale, and the next sale of a similar plan, nine weeks later, was $512.
And it suits badly a buyer who needs a smaller or cheaper entry point. There is no one-bedroom, no two-bedroom under 1,840 square feet, and no studio.
If you are selling here: the spread works in your favour if the specific home supports it, and against you if it does not. Do not accept a valuation built on the building median — in 2025 that median sat almost exactly between a $1,400,000 sale and a $1,000,000 sale of the identical floorplate. Establish which end of that range your home belongs at, and price to it deliberately.
Cielo on the Bay — Frequently Asked Questions
How many units are in Cielo on the Bay?
Thirty-five homes. The county returns 36 folios at 7935 East Drive, one of which is a reference folio for the underlying land parcel. The declaration’s common-element shares close at exactly 100.0000%, so nothing is missing.
How big are the homes at Cielo on the Bay?
1,840 to 3,724 square feet, median 1,910, across four main floorplans — 1,910 sq ft (twelve homes), 1,840 (eleven), 1,954 (six) and 1,884 (five). Twenty-three are three-bedrooms, eleven are two-bedrooms and one is a five-bedroom.
What is the highest price paid at Cielo on the Bay?
$1,740,000, on 2 May 2025, for a 1,910 square foot home at $911 per square foot — 45% above the highest per-foot price the same plan had achieved in 2023 or 2024.
Why do prices at Cielo on the Bay vary so much?
Because the building is small and the specific home dominates. Two identical 1,954 square foot homes sold six weeks apart in 2025 for $1,400,000 and $1,000,000 — a 40% gap on the same floorplate. Floor, outlook and condition account for far more here than the calendar does.
How often do homes sell at Cielo on the Bay?
68 qualified sales since 2009, and three in each of 2023, 2024 and 2025. Nothing has sold so far in 2026.
Sources and further reading
Interested in selling at Cielo on the Bay
Learn more about selling condo at Cielo on the Bay with Josh Stein.
Thinking about Cielo on the Bay?
I have sold South Florida property since 2002, more than $1 billion of it. Ask me for the recorded declaration, what has genuinely closed, or a straight answer on whether this building fits what you are after.
Josh Stein · Florida real estate sales associate, license SL3057661 · (305) 695-8257 · hello@joshsteinrealtor.comRelated coverage
Part of Miami Luxury Condos.