7930 E Dr 1806, #1806, North Bay Village, FL, 33141 | $1,225,000

Reduced for QUICK SALE. Private boat slip included in purchase. One of the largest slips in the marina. Just steps from the building. (See broker remarks and attachments for exact slip specs and dimensions). Rare, two-story 2 bed/2. 5 bath, lower penthouse at Eloquence on the Bay is a true boater’s dream. Unbelievable unobstructed Biscayne Bay and Miami skyline views from every main living area. Residence features: high ceilings, a modern design-style kitchen with spacious cabinetry, SS appliances, washer/dryer, generous walk-in closets and 2 assigned parking spaces. Building features: Boutique waterfront building with four residences per floor, resort-style amenities, heated pool, jacuzzi, fitness center, yoga studio, tennis, basketball courts, 24/7 security, bike storage, paddleboard/kayak storage plus much more. Minutes to the beach, South Beach, Brickell, Wynwood, Downtown Miami, and both MIA and FLL airports. This location combines daily convenience with a private marina lifestyle. All information, including boat slip specifications, dock rights, and building/association details, should be independently verified by broker, buyer, attorney, architect, or zoning expert. All reasonable offers will be promptly presented.

Features

  • Parking: Garage, Attached Garage, Attached
  • Heating: Central
  • Cooling: Central Air
  • Levels: 20
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Complex: ELOQUENCE ON THE BAY COND
  • Year Built: 2009
  • Common Charge: $1,759 Monthly
  • Approx Sq. Feet: 1,575
  • Est. Taxes: $11,188
  • View: Bay
  • Water Front: Yes
  • Boat Service: Private Dock, Marina
  • Elem. School: Treasure Island
  • Middle School: Miami Beach Nautilus
  • High School: Miami Beach
  • Pet Policy: Yes, Pet Restrictions Possible
  • Appliances: Dryer, Washer
  • MLS#: A11937156
  • Website: https://www.raveis.com
    /prop/A11937156/7930edr1806_northbayvillage_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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7930 E Dr 1806, #1806, North Bay Village, FL, 33141

$1,225,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $980,000 $980,000 $980,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.263% 6.121% 6.203%
Monthly Tax Payment $932 $932 $932
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,719 $5,876 $8,270
Total Monthly Payment $6,776 $6,933 $9,327

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.