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Waterfront · Condominium
$2,400,000$1,090 / sqft
2020 N Bayshore Dr # 2702, Miami FL 33137
Listed
3
Bedrooms
4
Bathrooms
2,201 sqft
Interior
2010
Year built
$2,800 / mo
HOA
Condominium
Type
About this home
One of the most spectacular units in Paramount Bay, where no expense has been spared. This unique, flow-through furnished designer residence features 3 bedrooms, 3.5 bathrooms, and a den with unobstructed views of Biscayne Bay, the ocean, and the city. Approximately 2,353 sq. ft. of pure luxury and exquisite taste, including designer lounge lighting, electric shades, and top-quality millwork—just to name a few. This unit includes 4 parking spaces and 2 storage rooms (an estimated $200,000 value). Paramount Bay is a resort-style building designed by Lenny Kravitz, offering private foyers and world-class amenities such as 24-hour security, front desk staff, two pools, a fitness center and spa, residents’ private club room, and spa services. Located in the heart of Edgewater.
Features
- Closet Cabinetry
- Custom Mirrors
- Elevator
- Exclusions
- French Doors
- Open Balcony
- Ocean View
- Direct Ocean
- Water View
Leasing
- Minimum lease
- 365 days
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,900–$11,500.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.