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
Key Takeaways
- Price per square foot has risen every year — $597, $602, $716 — about 20% over three years, against a market where most comparable buildings fell.
- Just 35 residences at 7935 East Drive, with no commercial folios.
- It is a three-bedroom building — 23 of the 35, plus 11 two-bedrooms and one five-bedroom.
- Median floorplate is 1,910 square feet, and nothing is under 1,840.
- The 2026 median assessed value is $872,412.
- It trades with unusual regularity for its size — exactly three qualified sales in each of 2023, 2024 and 2025, though none yet in 2026.
7935 East Drive, Miami, Florida | Neighborhood: North Bay Village
A small building of large homes
Counted against the Miami-Dade County Property Appraiser record on 17 August 2026, Cielo on the Bay returns 35 residential homes, with no commercial folios.
The mix is 23 three-bedrooms, 11 two-bedrooms and one five-bedroom, with heated area from 1,840 to 3,724 square feet and a median of 1,910. As at its neighbour Eloquence on the Bay across the street, there is no small inventory here at all — but Cielo’s floor is more than twice Eloquence’s.
North Bay Village sits on islands in Biscayne Bay along the 79th Street Causeway, between Miami and Miami Beach. It is waterfront with quick access in both directions, without a Miami Beach address or price.
Three years, three rises
Qualified sales from the county record — arm’s-length only.
| 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 | No qualified sales recorded | ||
Both columns rose together across the three completed years — median price $1,140,000 to $1,400,000, per-foot pricing $597 to $716, about 20%. When the size-adjusted and headline numbers agree, the movement is real rather than a mix effect.
The consistency is notable too: exactly three qualified sales in each year. In a 35-home building that is a steady, functioning market rather than the feast-or-famine pattern most small buildings show.
No qualified sale is recorded so far in 2026. In a building this size that is unremarkable, but it does mean there is no current comparable — anyone pricing here today is working from 2025, including the building’s record sale of $1,740,000 in May 2025.
Who this building suits
This suits a buyer who wants a genuinely large waterfront home in a very small association, and who is willing to trade a Miami Beach address for space and value. Twenty-three three-bedrooms in a 35-home building is an unusual concentration of family-sized inventory.
The record is one of the better ones in this series — rising on both measures across three consecutive years, on consistent volume. The caution is simply scale: with three sales a year, inventory appears rarely and an exit takes patience.
If you are selling, the three-year trend is a strong, verifiable argument. If you are buying, note that the absence of a 2026 comparable cuts both ways in a negotiation.
Verified 17 August 2026 against the Miami-Dade County Property Appraiser record for 7935 East Drive — all 36 folios retrieved individually, then filtered to homes, excluding parking, cabana and storage folios. 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.
Cielo on the Bay — Frequently Asked Questions
How many units are in Cielo on the Bay?
The Miami-Dade County Property Appraiser records 35 residential homes at 7935 East Drive, with no commercial folios — 23 three-bedrooms, 11 two-bedrooms and one five-bedroom.
Are values rising at Cielo on the Bay?
Yes. Price per square foot rose $597, $602 and $716 across 2023 to 2025, about 20%, and median sale price rose from $1,140,000 to $1,400,000 over the same period. Both measures moving together makes the trend credible.
What size are the residences?
Heated area runs from 1,840 to 3,724 square feet with a median of 1,910. There is no small inventory — nothing in the building is under 1,840 square feet.
Have any homes sold in 2026?
No qualified sale appears on the county record so far in 2026. The most recent is from 2025, which is also the building’s record: $1,740,000 in May 2025.
How does it compare with Eloquence on the Bay?
They sit across the street from each other in North Bay Village. Cielo’s homes are substantially larger — a 1,910 square foot median against 1,398 — and its median assessed value is roughly double, $872,412 against $420,891.
Where is North Bay Village?
On islands in Biscayne Bay along the 79th Street Causeway, between Miami and Miami Beach — waterfront, with quick access in both directions.
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.
Related coverage
Part of Miami Luxury Condos.