Pagani Residences North Bay Village: Buyer Guide to Pricing, Residences, Amenities, and Rental Due Diligence

Pagani Residences is a 30-story waterfront residential tower at 7940 West Drive in North Bay Village, Florida. The project is developed by Riviera Horizons, with exterior architecture by Revuelta Architecture and interiors curated by Pagani Arte.

The building contains 70 all-corner residences with two- to four-bedroom layouts. Official project materials describe standard residences ranging from approximately 2,000 to more than 3,300 square feet, with expansive private terraces and only up to four residences on a typical residential floor.

Pagani Residences sits directly on Biscayne Bay. Buyers should evaluate it as a North Bay Village waterfront project rather than applying assumptions from Miami Beach or another coastal submarket.

The residence program is centered on two- to four-bedroom homes with all-corner positioning, private terraces, ensuite elevators, and waterfront exposures. Because orientation varies by residence, buyers should compare bay views, skyline views, natural light, terrace depth, privacy, and floor elevation.

Interiors are curated by Pagani Arte and incorporate the design language associated with Pagani's automotive work. Official project materials describe bespoke finishes, 11-foot ceilings in standard residences, Italian-designed kitchens, and large waterfront-facing outdoor spaces.

For investment or resale analysis, residence-specific characteristics matter. A buyer should avoid assuming that a larger residence, higher floor, or particular exposure will automatically produce stronger future returns.

Official project materials currently list Pagani Residences from approximately $3.7 million. Pricing varies by residence, floor, exposure, size, and availability and should be reconfirmed before purchase.

The project has also announced two duplex penthouses priced at $28.5 million and $30 million. Those penthouses represent specialty inventory and should not be used as a direct pricing benchmark for standard residences.

Pre-construction buyers should obtain the current deposit schedule and contractual milestones directly from the purchase agreement. Deposit percentages, assignment rights, delivery provisions, financing requirements, and closing obligations should not be inferred from other South Florida developments.

A buyer considering rental income should not assume that Pagani Residences permits short-term rentals. Rental eligibility depends on applicable North Bay Village rules, the condominium declaration, association policies, minimum-lease requirements, and any other property-specific restrictions in effect at the time of ownership.

Before underwriting rental income, buyers should obtain the current condominium documents and confirm the applicable local requirements with qualified legal counsel. Miami Beach short-term-rental rules should not be applied to this property because the development is located in North Bay Village.

Any rental model should use conservative assumptions for occupancy, management fees, maintenance, furnishing, insurance, taxes, association costs, vacancy, and potential rule changes. Buyers should treat any projected rental performance as uncertain and verify assumptions against current market evidence and the property's governing documents.

The official amenity program includes a private marina with boat slips, a 240-foot boardwalk along Biscayne Bay, valet parking, a waterfront lobby, 24/7 concierge and security, private ensuite elevators, resident lounge spaces, and co-working areas.

The building also includes a waterfront wellness level with fitness, Pilates and yoga facilities, spa and treatment spaces, sauna and steam rooms, and a restorative wellness lounge.

At the top of the building, residents have access to a rooftop pool and sky lounge with panoramic views, cabanas, hot and cold plunges, outdoor dining areas, and summer kitchens.

Pagani Residences is situated on Harbor Island in North Bay Village, within Biscayne Bay. The location provides connectivity to Miami Beach, Bal Harbour, the Miami Design District, mainland Miami, boating destinations, airports, shopping, dining, and other parts of greater Miami.

For buyers evaluating the location as an investment, relevant factors include current and planned development in North Bay Village, transportation patterns, waterfront supply, carrying costs, competing inventory, and the future depth of the resale market.

Location alone should not be treated as a guarantee of appreciation. Buyers should evaluate the specific residence and purchase terms alongside broader market conditions.

Before executing a purchase agreement, buyers should review the current contract, condominium documents, developer disclosures, deposit schedule, estimated association expenses, residence specifications, delivery provisions, assignment restrictions, and closing requirements.

Buyers considering an LLC, trust, financing structure, foreign ownership, or other ownership arrangement should obtain individualized legal and tax advice. The appropriate structure depends on the buyer's circumstances and should not be selected solely from general real estate guidance.

Investment buyers should also model multiple scenarios rather than relying on one forecast. Future pricing, resale liquidity, rental eligibility, occupancy, interest rates, carrying costs, and market demand can all change during a pre-construction holding period.

For current pricing, available residences, and project information, contact Denis Smykalov at Wolsen Developments — denis@wolsenre.com or (305) 333-1122.