7207 Bay Dr · Miami Beach, FL 33141 · North Beach

Island Point South

2-story low-rise, completed 1949, 34 residences in North Beach. 2 for sale and 2 for rent on Nov 2, 2026.

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At a glance Island Point South (7207 Bay Dr, North Beach) is a 2-story, 34-unit building completed in 1949. As of Nov 2, 2026, 2 units are for sale and 2 are for rent; the median rent was $1,850 a month over 3 leases in the last 12 months. FEMA flood zone AE. Source: Miami Assoc. of REALTORS® MLS via Bridge IDX, Miami-Dade Property Appraiser records and the FEMA flood map.

Photo · MLS listing in this building

For sale
2
For rent
2
Median rent
$1,850/mo3 leases · 12 mo
Sold
2last 12 months
Built
1949
Floors
2
Residences
34county
Flood zone
AEFEMA
Owner-occupied
35%
Avg. unit
747sq ft

MLS via Bridge IDX · as of Nov 2, 2026 · How these numbers are made

On the market at Island Point South.

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Snapshot as of Nov 2, 2026.

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The read on Island Point South.

Activity as of Nov 2, 2026
  • Resale +50%. The median closed price moved from $245/SF in 2021 (5 sales) to $368/SF in 2024 (3 sales), the first and last years with three or more recorded sales.
Read the full record 4 paragraphs and 10 facts, every figure from the MLS and county record

Built in 1949, Island Point South is a two-story low-rise at 7207 Bay Dr in North Beach. The Miami-Dade Property Appraiser lists 34 residential units, averaging 747 SF of living area.

On November 2, 2026, two units were listed for sale, asking $240K to $299K ($331 to $353/SF). Two sales closed between November 2, 2025 and November 2, 2026, from $215K to $270K, $266 and $359/SF. The MLS holds 17 closed sales here going back to 2019; among years with three or more sales, 2024 set the high at a median $368/SF.

Two units were offered for rent at $1,900 to $2,000 a month. Three leases were signed over the same 12 months, at a median $1,850 a month (range $1,750 to $1,900).

About 35% of the residences are owner-occupied according to county records, which points to an investor-heavy ownership base.

Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records. Blanks mean the record doesn't state it; nothing here is estimated.

The record

Address
7207 Bay Dr, Miami Beach 33141
Neighborhood
North Beach
Year built
1949
Floors
2
Residences (county-verified)
34
Owner-occupied
35% of residences
Avg. unit size
747 sq ft
Total living area
25,392 sq ft
County condo folios
34
Recorded MLS listings
45

The numbers at Island Point South.

Every sale and lease the MLS has recorded at this address, sales first.

MLS via Bridge IDX · as of Nov 2, 2026

Median $/SF by year closed

Every recorded sale at this address, 2019 to 2026. Count in the tooltip.

$186$371$2992019$2452021$3462022$3712023$3682024$3122026$186$371$2992019$2452021$3462022$3712023$3682024$3122026

Pale bars: fewer than three sales that year, so the bar is the sale itself or the average of two, too few for a median.

Year by year, every recorded closing
YearSalesMedian $/SFLeasesMedian rent
2026 (to date)2$312*3$1,850/mo
2025––6$2,100/mo
20243$3686$2,150/mo
20231$371*3$2,100/mo
20225$3462$1,963/mo*
20215$2454$1,588/mo
2020––1$2,400/mo*
20191$299*––

* Fewer than three closings that year: the figure is the closing itself or the average of two, too few for a median.

Show all closings 17 sales · 25 leases on record since 2019

Closed sales Nov 2, 2024 to Nov 2, 2026 · 2

UnitBDBASFAskedClosed$/SFClose dateDOM
#2521809$240,000$215,000$266Aug 31, 2026104
2111752$280,000$270,000$359Jul 28, 202688

Leases signed Nov 2, 2025 to Nov 2, 2026 · 3

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
611819$1,750/mo$1,750/mo$2.14Jul 16, 2026312
1911549$1,900/mo$1,900/mo$3.46May 12, 202651
3011745$1,850/mo$1,850/mo$2.48Feb 1, 202661

Data: Miami Assoc. of REALTORS® MLS via Bridge IDX, as of Nov 2, 2026. Listings matched to this building's recorded addresses; pending includes under-contract. Closed listings shown as records only, no photos. Blanks mean the record doesn't state it. How these numbers are made

The file on Island Point South.

The rules on record, the documents in my files, the two Florida checks every buyer should run, and the buildings around it. Each card opens.

FEMA flood zone

AE

Inside FEMA's Special Flood Hazard Area. A federally backed mortgage requires flood insurance here.

What the zone means
  • The 1% annual chance ("100-year") flood area, with a base flood elevation set.
  • Base flood elevation 8 ft (NGVD29).
  • The zone is a map line, not a premium. Ask the association for its master flood policy, and get a flood quote for the specific unit before you commit.

FEMA National Flood Hazard Layer, checked at the building's mapped location on Oct 12, 2026. Open the official map ↗

Nearby

Around Island Point South

5 more nearby

Smaller buildings close by: Barinz (310 m) · 7125 Dickens (380 m) · 141 South Shore Drive (410 m) · Arbah (450 m) · Four Ways of Miami Beach (480 m) · 7711 Dickens Ave (650 m)

Compare with the two nearest →Every North Beach building →Distances are straight-line. Building data from Miami Assoc. of REALTORS® MLS records via Bridge IDX.

Own here, or looking here

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Tell me your unit and I'll prepare its value myself, from Island Point South's closed sales and what is listed now. Then we talk it through.

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Enrique Ponte Ojeda on a balcony overlooking the water in Miami
I read the building before you buy or sell a unit in it.Closed history, the association's rules, what is really for sale and what it should trade at. Then we talk.
Enrique Ponte Ojeda
Licensed Florida Real Estate Agent · Carmona Realty Group

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