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7917 West Drive

Andy Daro & Ariel Teodoro Hollender Of Compass Represent Buyer In North Bay Village Development Site Sale
SOLDDevelopment Site

Andy Daro & Ariel Teodoro Hollender Of Compass Represent Buyer In North Bay Village Development Site Sale

7917 West Drive

Building Size

33,600 SF

Asset Type

Development Site

Closing

Jan 27, 2026

AI

Two premier waterfront parcels located at 7917-7921 West Drive have been sold, combining for 240 linear feet of direct waterfront. The asset spans 33,600 square feet and is situated in the North Bay Village market. The parcels offer water views to the east and unobstructed sunset views to the west across a city-owned park.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $XX,XXX,XXX
  • Square Footage: 33,600
  • Address: 7917-7921 West Drive
  • Market: North Bay Village

The transaction was facilitated by Andy Daro and Ariel Teodoro Hollender, both representing the buyer under the agency Compass. This deal underscores the significant demand for waterfront land, especially in emerging luxury development areas such as Harbor Island in Miami.

Players

Andy Daro

Compass

Broker

$108.2M

vol

14 deals

Broker
Compass
CompassBrokerage

North Bay Village Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93