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2020 N Bayshore Dr # 2702, Miami FL 33137
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
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
- $12,136
- HOA
- $2,800 / 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.