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2020 N Bayshore Dr, Miami FL 33137
About this home
Spectacular penthouse at Paramount Bay offering breathtaking, unobstructed views of Miami, Biscayne Bay, and Miami Beach from every angle. This 4,437 SF, sun-filled residence features 4 spacious bedrooms, 4.5 bathrooms, and exceptional natural light throughout. A truly one-of-a-kind 5,000 SF private terrace wraps the home, creating the ultimate setting for entertaining, outdoor living, and enjoying Miami’s iconic skyline and sunsets. Located in one of Edgewater’s most sought-after full-service buildings, Paramount Bay offers resort-style amenities including a waterfront pool, state-of-the-art fitness center, and 24/7 valet and concierge services. The unit includes two assigned parking spaces and a private storage unit. A rare opportunity to own a trophy penthouse combining luxury, scale, and world-class views.
Features
- Entrance Foyer
- Walk-In Closet(s)
- Open Balcony
- Bay
- Ocean View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $29,581
- HOA
- $6,206 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.