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$699,000
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Property Description
Bay-View Balcony 2BR in IOS on the Bay - $5,000 Buyer Credit at Closing | Rare opportunity to own a 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 spacious 2-bed, 2-bath, 1,177 sq ft unit features an open kitchen, a large primary suite with double sinks and glass shower, and a balcony with beautiful bay views. The unit includes 1 assigned parking spot plus an electric lift for a second car. Enjoy building amenities such as a bayfront pool, fitness center, and private storage. Secure, low-density living with strong financials and well-funded reserves makes this an ideal home or investment. Located just minutes from the Design District, Wynwood, Midtown, Miami Beach, and top-rated schools like The Cushman School.
Full Property Details
Full Property Details for 720 NE 62nd St #403
General
- Price: $699,000
- HOA FEE: $1,598/month
- Taxes: $6,262 (2024)
- Status: Active
- Type: Condo
- Source: Greater_Miami
- MLS ID: A11827114
- Updated: 1/15/2026
- Added to Site: 205 day(s) ago
Interior
- Interior Features: Elevator
- Appliances: Dishwasher, Dryer, Refrigerator, Washer
- Flooring: Ceramic Floor, Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Primary Bathroom: Dual Sinks, Shower Only
Bedrooms
- Total Bedrooms: 2
- Bedroom Features: Entry Level, Primary Bath Shower
Other Rooms
- Eat-in kitchen: Yes
- Dining Room: Eat-In Kitchen
Additional Information
- Shared Amenities: Barbecue, Business Center, Clubhouse-Clubroom, Elevator(s), Exercise Room, Storage, Pool
- Maint. Includes: Air Conditioning Maintenance, All Amenities, Building Exterior, Common Area, Elevator, Insurance, Landscaping/Lawn Maintenance, Manager, Outside Maintenance, Parking, Pool Service, Reserve Fund
- Security/Safety: Smoke Detector, Doorman, Elevator Secure, Fire Alarm, Secured Garage/Parking, Intercom In Lobby
- Equipment: Automatic Garage Door Opener
Exterior
- Exterior Features: None, Open Balcony
- Deck/Patio: Open Balcony
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: 2 Or More Spaces, Assigned, Covered
Location
- Area: Ios On The Bay Condo
- County: Miami-Dade County
- Subdivision: IOS ON THE BAY CONDO
- Building Name: IOS on the Bay
Community
- Community Name: Ios On The Bay Condo
- Association: Yes
- Units Assoc/Comm: 43
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Structural Information
- Structure Type: Condo 5+ Stories, Condo
- Detached/Attached: Attached
- Construction: CBS Construction
- Entry Floor Number: 4
- Building Size: 1177
- Square Feet: 1,177
- Living Area: 1,177 Sq. Ft.
- Year Built: 2008
Unit Information
- Units in Complex: 43
Lot Features
- Property View: Bay
- Frontage: Bay
Water Features
- Water Front: Yes
- Water View: Yes
Financial Considerations
- Price Per Sq. Ft.: $593.88
- Association Fee: $1,598
- Assoc Fee Freq.: Monthly
- Tax Amount: $6,262
- Tax Year: 2024
- Terms: All Cash, Conventional
Disclosures and Reports
- Legal Description: IOS ON THE BAY CONDO UNIT 403 UNDIV 2.49% INT IN COMMON ELEMENTS OFF REC 26350-1741
- Restrictions: Ok To Lease
- Inclusions: None
- Property ID: 01-32-18-086-0130
Listed by Compass Florida, LLC
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Schools
Schools serving 720 NE 62nd St #403
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Morningside K-8 Academy 6620 Northeast 5th Avenue, Miami, FL 33138 | PK-5 | 0.5 mi |
Horace Mann Middle School 8950 Nw 2nd Ave, El Portal, FL 33150 | 6-8 | 2.1 mi |
Miami Edison Senior High School 6161 Northwest 5th Court, Miami, FL 33127 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 720 NE 62nd St #403
Date
Details
Price
Change
Source
12/30/2025
Price Reduced
$699,000
-5.54%
MLS
12/01/2025
Price Reduced
$740,000
-1.33%
MLS
9/26/2025
Price Reduced
$750,000
-3.85%
MLS
9/09/2025
Price Reduced
$780,000
-2.38%
MLS
8/22/2025
Price Reduced
$799,000
-0.75%
MLS
8/07/2025
Price Increased
$805,000
0.75%
MLS
6/25/2025
Listed
$799,000
118.31%
MLS
5/31/2012
Sold
$366,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 720 NE 62nd St #403
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,262
1%
$354,345
3%
2023
$6,212
-18%
$344,025
-4%
2021
$7,590
-7%
$357,245
-12%
2022
$8,172
8%
$403,687
16%
2021
$7,590
-6%
$346,840
-8%
2019
$8,048
2%
$377,000
—
2018
$7,896
-1%
$377,000
—
2017
$8,005
-6%
$377,878
-3%
2016
$8,479
—
$387,962
10%
2015
$8,452
16%
$352,693
10%
2014
$7,271
7%
$320,630
7%
2013
$6,788
—
$299,650
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 720 NE 62nd St #403
720 NE 62nd St #403, Miami, FL 33138 (MLS# A11827114) is a Condo property with 2 bedrooms and 2 full bathrooms. 720 NE 62nd St #403 is currently listed for $699,000 and was received on June 25, 2025. Want to learn more about 720 NE 62nd St #403? Do you have questions about finding other Condo real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

