$780,000
$19K PRICE DROP

720 NE 62nd St Unit 403 Miami, FL 33138

Upper East Side North Neighborhood

Estimated payment $6,239/month

Total Views 1,239
2 Beds
2 Baths
1,177 Sq Ft
$663 Price per Sq Ft

Highlights

  • Doorman
  • Fitness Center
  • Clubhouse
  • Property Fronts a Bay or Harbor
  • Intercom to Front Desk
  • Wood Flooring

About This Home

Rare opportunity to own a waterfront condo at IOS on the Bay, a 43-unit boutique building in Miami’s Upper East Side, near Miami Shores and Morningside Park. Surrounded by multi-million dollar homes, this rare condo offers 2 beds, 2 baths, 1,177 sq ft, an open kitchen, spacious primary suite with double sinks and glass shower, and a balcony with bay views. Amenities include a bayfront pool, gym, private storage, and 2 covered parking spaces. Minutes from the Design District, Wynwood, Midtown, Miami Beach, and top-rated schools like The Cushman School. Enjoy secure, low-density living with strong building financials and well-funded reserves—ideal for homeowners or investors seeking long-term value in one of Miami’s most desirable, rapidly growing neighborhoods.

Listing Agent

Rudy Vermorel

Compass Florida, LLC License #3603290 Listed on: 06/25/2025

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,262

Year Built

  • Built in 2008

HOA Fees

  • $1,598 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Secured Garage or Parking
  • Assigned Parking

Home Design

  • Entry on the 4th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,177 Sq Ft Home
  • Bay Views

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Accessible Elevator Installed
  • Balcony
  • Property Fronts a Bay or Harbor
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-32-18-086-0130

Community Details

Overview

  • 43 Units
  • Ios On The Bay Condos
  • Ios On The Bay Condo Subdivision
  • 5-Story Property

Amenities

  • Doorman
  • Community Barbecue Grill
  • Clubhouse
  • Business Center
  • Intercom to Front Desk
  • Community Storage Space
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,262

Year Built

Built in 2008

Lot Details

0

HOA Fees

$1,598 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Entry Level: 4
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: IOS ON THE BAY CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Interior Amenities: Elevator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Floor, Wood
  • Living Area: 1177
  • Other Equipment: Automatic Garage Door Opener
  • Stories: 5
  • Bedroom Features: Entry Level, Primary Bath Shower
  • Dining Room Features: Eat-In Kitchen
  • Master Bathroom Features: Dual Sinks, Shower Only

Exterior Features

  • View: Bay
  • Exterior Features: None, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: IOS on the Bay
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Covered

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Doorman, Elevator Secure, Fire Alarm, Secured Garage/Parking, Intercom In Lobby

Condo/Co-op/Association

  • Association Fee: 1598
  • Amenities: Barbecue, Business Center, Clubhouse-Clubroom, Elevator(s), Exercise Room, Storage, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-32-18-086-0130

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 43
  • Number Of Units Total: 43

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6262

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,262 $364,621 -- --
2024 $6,212 $354,345 -- --
2023 $6,212 $344,025 $0 $0
2022 $8,172 $392,969 $0 $0
2021 $7,590 $357,245 $0 $0
2020 $7,387 $346,840 $0 $0
2019 $8,048 $377,000 $0 $0
2018 $7,896 $377,000 $0 $0
2017 $8,005 $377,878 $0 $0
2016 $8,479 $387,962 $0 $0
2015 $8,452 $352,693 $0 $0
2014 $7,271 $320,630 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2025 09/09/25 Price Changed $780,000 -2.4% $663 / Sq Ft
08/22/2025 08/22/25 Price Changed $799,000 -0.7% $679 / Sq Ft
08/07/2025 08/07/25 Price Changed $805,000 +0.8% $684 / Sq Ft
06/25/2025 06/25/25 For Sale $799,000 +26.8% $679 / Sq Ft
07/15/2022 07/15/22 Sold $630,000 -3.1% $535 / Sq Ft
06/16/2022 06/16/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $650,000 -- $552 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $630,000 Kass Mark Evans
Warranty Deed $630,000 Kass Mark Evans
Quit Claim Deed -- Attorney
Special Warranty Deed $366,000 Attorney
Special Warranty Deed $157,800 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 New Conventional
Closed $150,000 New Conventional
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11827114

MIAMI REALTORS® MLS

APN: 01-3218-086-0130

Florida Miami/Dade County Miami 33137 Upper East Side North

720 NE 62nd St Unit 403, Miami, FL

This home is located at 720 NE 62nd St Unit 403, Miami, FL 33138 and is currently priced at $780,000, approximately $662 per square foot. This property was built in 2008. 720 NE 62nd St Unit 403 is a home located in Miami-Dade County with nearby schools including Morningside K-8 Academy, Horace Mann Middle School, and Miami Edison Senior High School.

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 to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Listing Agent
Rudy Vermorel
Section Image
Compass Florida, LLC
(786) 983-6271