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Waterfront · Condominium
$695,000$714 / sqft
720 NE 62nd St # 307, Miami FL 33138
Listed
2
Bedrooms
2
Bathrooms
973 sqft
Interior
2008
Year built
$1,243 / mo
HOA
Condominium
Type
About this home
Nestled in the tranquil enclave of Biscayne Bay, this beautifully renovated 2-bed, 2-bath condominium in the exclusive IOS On The Bay boutique building offers modern elegance and comfort. Fully remodeled with high-end finishes, the open layout features stainless steel appliances, quartz countertops, and a floor-to-ceiling glass steam shower. A spacious 550 SF terrace connects directly to the bay-view pool, fitness center, and amenities. Enjoy breathtaking, unobstructed views of Biscayne Bay, all just minutes from the Design District, MIMO, and Wynwood.The building is financially strong, with well-funded reserves, ensuring long-term stability and peace of mind for residents.
Features
- Lobby
- Built-in Features
- Cooking Island
- Pantry
- Split Bedroom
- Storage
- Utility Room/Laundry
- Barbeque
- Open Balcony
- Bay
- Intracoastal View
- Pool Area View
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,350–$5,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.