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Amazing Waterfront views of Biscayne Bay and Miami Beach and South Beach in the distance. Move in ready, come live in paradise and smell the ocean breeze. Located minutes from Wynwood, the Design District, Miami Beach and Downtown Miami. New construction million dollar condos and houses are under construction coming soon in this area.

Cash/Hard Money Only. No bank financing.

7795 NE BAYSHORE CT #502, MIAMI, FL, 33138

1 Bedroom 1 Bathroom. 593 SQFT. Move in ready. Vacant. Top 5th floor unit.

1 Car Parking Spot, the BEST parking spot in the building, under roof covered parking.

Monthly HOA Fee $826 (includes water and special assessment for building repairs)

5 story building with 12 condo units. Pool and laundry room.

Can rent for $2,000 or more per month.

No Airbnb. No short term rentals. Long term 12 month rentals allowed.

Building soon to be renovated to look new again. Elevator in the process of being repaired so the only way to get to the 5th floor is by the stairs.

Building has a new seawall.

Building has code violation for not filing a Building recertification report with the city because HOA working on getting repair estimates from contractors.

The condo Home Owners Association maybe can have a future special assessment to fix the building, HOA is getting estimates from contractors, each condo unit can have an estimated $36,000 assessment or the building can be sold if majority of condo owners agree. The building/land is worth over $5,000,000. Next door smaller 3 story building sold on 09/28/2025 for $4,650,000. If this bigger 5 story building sells for $5,000,000 / 12 units = $416,666+ potential per unit value if majority of owners agrees to sell this building.

Comparable sold in building:

Sold $300,000 on 02/25/2026

7795 NE BAYSHORE CT #203, MIAMI, FL, 33138

2bed/1bath. 775 Sq.Ft

All inspections must be done before contract.

Ready to close with our attorney title company. Title/lien report ready.

Showing by appointment only and buyer must show proof of funds.

Text 954-695-8996