2020 N Bayshore Dr 2702, Miami, FL 33137 — MLS photo

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2020 N Bayshore Dr 2702, Miami, FL 33137

Active · Condominium

$2,400,000

2020 N Bayshore Dr 2702, Miami, FL 33137

Beds
3
Baths
4
Living area
2,201 sq ft
$ / sq ft
$1,090/sq ft
Year built
2010
Lot size
—
HOA fee
$2,800 Monthly
Annual tax
$32,696

About this property

One of the most spectacular units in Paramount Bay, where no expense has been spared. This unique, flow-through furnished designer residence features 3 bedrooms, 3.5 bathrooms, and a den with unobstructed views of Biscayne Bay, the ocean, and the city. Approximately 2,353 sq. ft. of pure luxury and exquisite taste, including designer lounge lighting, electric shades, and top-quality millwork—just to name a few. This unit includes 4 parking spaces and 2 storage rooms (an estimated $200,000 value). Paramount Bay is a resort-style building designed by Lenny Kravitz, offering private foyers and world-class amenities such as 24-hour security, front desk staff, two pools, a fitness center and spa, residents’ private club room, and spa services. Located in the heart of Edgewater.

Property location

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2020 N Bayshore Dr 2702, Miami, FL 33137

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Facts & features

Interior

Bedrooms
3
Bathrooms
4
Living area
2,201 sq ft
Flooring
Porcelain Tile
Appliances
Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Other, Refrigerator
Cooling
Central Air, Electric, Other
Heating
Central, Electric, Wall Furnace
Interior features
Bathtub, Closet Cabinetry, Family Dining Room, French Doors Atrium Doors, Handicap Access, Kitchen Dining Combo, Living Dining Room, Custom Mirrors, Elevator

Exterior & Structure

Property type
Condominium
Year built
2010
Stories
44
Architectural style
High Rise
Construction
Stucco
Exterior features
Balcony, Security High Impact Doors
Pool
Association, Heated
Waterfront
Ocean Front
View
Ocean, Water

Parking

Garage spaces
2
Covered spaces
2
Parking features
Underground, Electric Vehicle Charging Stations, Two Or More Spaces

HOA, Community & Financials

Association fee
$2,800 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Cable Tv, Hot Water, Insurance, Internet, Laundry, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Roof, Security, Trash, Water
Amenities
Business Center, Clubhouse, Fitness Center, Hobby Room, Other, Pool, Sauna, Spa Hot Tub, Storage, Trash, Elevators
Security
Security System, Closed Circuit Cameras, Lobby Secured, Other, Security Guard, Smoke Detectors
Pets allowed
Size Limit, Yes
Annual tax
$32,696
Subdivision
PARAMOUNT BAY CONDO
County
Miami-Dade
Days on market
332
MLS listing ID
A11886692
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$8,796

Cap rate
1.3%
Net yield
1.3%
Cash-on-cash return
-15.7%
Gross yield
5.3%
Mortgage payment
$11,377/mo
Down payment
$600,000
Loan amount
$1,800,000
Annual NOI
$30,974

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.