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Waterfront · Condominium
$5,850,000$1,318 / sqft
2020 N Bayshore Dr, Miami FL 33137
Listed
4
Bedrooms
5
Bathrooms
4,437 sqft
Interior
2010
Year built
$6,206 / mo
HOA
Condominium
Type
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
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 4
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
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 4-bed rentals across Miami-Dade, from 121 active listings; the middle half ask $14,000–$34,000.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.