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Space 01

Space 01

Space 01
Condominium Building
7934 West Dr
North Bay Village, FL 33141-5573
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

53 Units
16 Stories
2006 Year Built
$843K - $2.5M Value Range

Available Units

For Sale
For Rent

Highlights

  • Ocean View
  • Boat Ramp
  • Property fronts gulf or ocean
  • Fitness Center
  • Intercom to Front Desk
  • 1 min walk to Dr Paul Vogel Community Park

Modern waterfront living in North Bay Village

Space 01, a 16-story condominium completed in 2006, stands as a contemporary landmark in North Bay Village. Designed by renowned architect Chad Oppenheim, this boutique building houses 53 units, offering residents a blend of luxury and tranquility. The structure's simple rectangular form and glass facade allow for expansive views of Biscayne Bay and the Miami skyline. Floor-to-ceiling windows are a signature feature, inviting natural light and panoramic vistas into each residence.

Spacious lofts with breathtaking views

Space 01 offers a range of loft-style residences, from one to four bedrooms, designed to maximize space and light. One-bedroom units span 1,804 to 1,906 square feet, featuring two bathrooms and selling for around $1,070,000. Two-bedroom layouts maintain the same generous square footage but are priced slightly lower, from $950,000 to $990,000. The three-bedroom configurations showcase the building's versatility, ranging from 1,848 to 3,696 square feet with up to four bathrooms. These units command prices from $975,000 to $1,777,000. For those seeking ultimate luxury, four-bedroom residences offer approximately 3,700 square feet of living space with three and a half to four bathrooms. Many units boast 12-foot ceilings, enhancing the sense of openness, while some feature 11-foot ceilings. Many feature open-concept layouts, gourmet kitchens with high-end appliances, and expansive terraces. Corner units are particularly coveted for their wraparound views and additional natural light. Some residences have been customized with features like whirlpool jacuzzis overlooking the water, motorized blinds, and faux painted walls for added sophistication.

Rooftop oasis and waterfront leisure

Space 01's amenities are designed to enhance the waterfront lifestyle. The crowning jewel is the rooftop heated pool and hot tub, offering 360-degree views of the bay and city skyline. Adjacent to the pool, residents can enjoy a grilling and picnic area perfect for al fresco dining and entertaining. Fitness enthusiasts will appreciate the expansive, state-of-the-art gym equipped with modern exercise machines and panoramic views. For those who prefer outdoor activities, the building provides a bayfront walkway and a waterfront backyard, ideal for morning jogs or evening strolls. The building caters to modern conveniences with electric car charging stations and secured entry with a video intercom system. A private marina adds an extra layer of luxury for boating enthusiasts. Space 01 is pet-friendly, welcoming furry companions with some limitations and an extra deposit. Residents benefit from fob access to building elevators, enhancing security. Additional storage space is available for those needing extra room. The combination of these amenities creates a resort-like atmosphere while maintaining the exclusivity of a boutique residence.

Tranquil island living with urban accessibility

Space 01 is situated in North Bay Village, a small island community that offers a perfect balance of serenity and convenience. This location provides a laid-back atmosphere away from the bustle of downtown Miami and South Beach, yet keeps residents within easy reach of both areas. The neighborhood boasts a variety of dining options within walking distance. Shuckers Waterfront Bar & Grill offers casual waterfront dining, while Benihana provides an upscale Japanese dining experience. For quick bites, BurgerFi and Sushi Siam are local favorites. Outdoor enthusiasts will appreciate the proximity to Dr. Paul Vogel Community Park, less than a quarter-mile walk from Space 01. This park offers a pleasant outdoor space for residents to enjoy. For more extensive recreational activities, Pelican Harbor Marina is about a 15-minute walk away, offering boating, fishing, and trails along the ocean. For daily necessities, The Shores Gourmet Market is a convenient option, while Marky's Gourmet provides a selection of imported delicacies for those special occasions. Fashion-conscious residents can explore unique finds at Fly Boutique, a hip consignment shop known for vintage designer clothing and accessories. Families with children will find the local schools satisfactory. Treasure Island Elementary School, rated 7 out of 10 by GreatSchools and given a B grade by Niche, is just a 5-minute drive away. For middle and high school students, Nautilus Middle School and Miami Beach Senior High School are both about a 20-minute drive, each receiving B ratings from Niche. North Bay Village is evolving, with plans for new high-end residential developments that promise to elevate the area's profile while maintaining its intimate, island community feel.

Strategic location with easy access to major hubs

Space 01's location in North Bay Village offers residents convenient access to various parts of Miami and beyond. The John F. Kennedy Causeway connects the island to the mainland and Miami Beach, making commutes and leisure trips straightforward. For air travel, the building is ideally situated between two major airports. Miami International Airport is about a 30-minute drive, approximately 14 miles away, while Fort Lauderdale/Hollywood International Airport is accessible in about 35 minutes, roughly 21 miles from Space 01. While the area is primarily car-dependent, efforts are being made to improve alternative transportation options. The neighborhood has some bike-friendly features, making short trips to nearby amenities possible on two wheels. However, for most daily activities and commutes, a car remains the most practical option. The building's provision of electric car charging stations aligns with the growing trend towards sustainable transportation. This feature, combined with the secure parking facilities, enhances the convenience for residents who rely on personal vehicles. Despite the car-centric nature of the area, the strategic location of Space 01 ensures that residents can easily access the vibrant urban centers of Miami and Miami Beach, as well as the quieter, residential areas of North Bay Village, striking a balance between connectivity and island tranquility.

Available Condos

Building Details

Views

  • Ocean
  • Intracoastal
  • Bay

Recreation

  • Boat Ramp
  • Fitness Center
  • In Ground Pool
  • Heated Community Pool
  • Community Spa

Outdoor Features

  • Property fronts gulf or ocean
  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor
  • Community Barbecue Grill

Amenities

  • Rooftop Deck
  • Card or Code Access
  • Phone Entry

Parking

  • 1 - 4 Garage Spaces Per Unit
  • 1 Car Attached Garage
  • Guest Parking
  • Electric Vehicle Charging Station

Pet Policy

  • Breed Restrictions

Condo Association

  • $1,630 Monthly HOA Fees
  • Monthly HOA Fees Range from $1,250 - $3,340
  • Space 01 Condo
  • Space 01 Condo Subdivision

Building Design

  • High Impact Windows
  • Fire Sprinkler System
  • Mid-Rise Condominium
  • Trash Chute
  • Intercom to Front Desk
  • Secure Elevator

Unit Features

  • Laundry Room

Activity

Views

18

Unit Information

Unit
501
901
Beds
4 Beds
3 Beds
1 Bed
Baths
3.5 Baths
2.5 Baths
2 Baths
Sq Ft
3,721
1,906
1,804
Price
$2,299,000
$935,000
$790,000
Price / Sq Ft
$618 / Sq Ft
$491 / Sq Ft
$438 / Sq Ft
List Date
03/17/2025
04/29/2024
05/13/2025

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
1,804 - 1,906
Est. Values
$862,869 - $978,104
2 Bedroom Units
Sq Ft Range
1,804 - 1,906
Est. Values
$843,323 - $1,089,539
3 Bedroom Units
Sq Ft Range
1,848 - 3,696
Est. Values
$909,618 - $2,479,112
4 Bedroom Units
Sq Ft Range
3,721
Est. Values
$2,479,112
All Units
Sq Ft Range
1,804 - 3,721
Est. Values
$843,323 - $2,479,112

Map

Area Factors

Low Crime

Crime Score®

3 / 10

Somewhat Bikeable

Bike Score®

40 / 100

Car-Dependent

Walk Score®

47 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

79 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$236K - $1.8M
Range of Taxes in Building
$4,090 - $43,958
Range of Taxes per Sq Ft
$1.23 - $23.06

Property Tax History

Source: Public Records

Building Website

Building Team

Developer
Cambridge Development Group
Architect
Kobi Karp Architecture
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.