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
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