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Waterfront · Condominium
$4,150,000$1,459 / sqft
2020 N Bayshore Dr # 4104, Miami FL 33137
Listed
4
Bedrooms
5
Bathrooms
2,845 sqft
Interior
2010
Year built
$4,377 / mo
HOA
Condominium
Type
About this home
Don’t miss out on this rare opportunity to own a true trophy penthouse at Paramount Bay offering breathtaking panoramic views of Biscayne Bay, the Atlantic Ocean, & the Miami skyline. This expansive residence features an exceptional indoor-outdoor lifestyle w/more than 2,200 SF of terrace, ideal for entertaining & sunset dining. It has been extensively renovated with a modern, elevated design, featuring 10 ft floor-to-ceiling glass, linear diffusers, dropped & lit ceilings, & seamless flow. The sleek modern kitchen showcases oversized Sub-Zero refrigerator/freezer, full size wine fridge, 2 Wolf ovens, built-in coffee maker, island top Wolf range, & custom cabinets open to generous living & entertaining spaces flooded w/natural light. The primary suite is a spa-like retreat with stunning water views, walk-in closet, luxurious ceiling mounted rainfall shower, soaking tub, & dual vanity. A private rooftop terrace with a built in plunge pool, pergola, and outdoor kitchen sets this residence apart as one of the most luxurious penthouses in Miami. Resort quality amenities include 2 pools w/towel service, whirlpool, cabanas, & BBQs; fitness center w/weights, cardio, pilates reformer equipment, instructors, massage, steam room, & sauna; kid/teen rooms; billiards; banquet rooms; conference rooms; & comprehensive onsite staff, front desk services, maintenance, & valet parking. Enjoy close proximity to Margaret Pace Park, Design District, Wynwood, & Miami Beach!
Features
- Built-in Features
- Fire Sprinklers
- Entrance Foyer
- Roman Tub
- Stacked Bedroom
- Barbeque
- Bay
- Ocean 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 4-bed rentals across Miami-Dade, from 122 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.