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Waterfront · Condominium
$4,750,000$1,721 / sqft
2020 N Bayshore Dr # 3708, Miami FL 33137
Listed
4
Bedrooms
5
Bathrooms
2,760 sqft
Interior
2010
Year built
$2,569 / mo
HOA
Condominium
Type
About this home
When Only the Best Will Do - A rare architectural statement above Biscayne Bay, this exceptional designer penthouse offers sweeping 270-degree views from Miami Beach and downtown to Coconut Grove. Approximately 2,700 SF of sophisticated interiors open to over 2,500 SF of private terrace, creating an unparalleled indoor-outdoor living experience. Floor-to-ceiling glass, designer finishes, a stunning glass-enclosed primary bath, oversized walk-in closets, and a chef’s kitchen with statement island define the residence. The expansive terrace features a private Jacuzzi and outdoor kitchen, all set against a spectacular Miami skyline and bay backdrop. A true home in the sky—rarely available and impossible to replicate.
Features
- Cooking Island
- Fire Sprinklers
- Entrance Foyer
- Walk-In Closet(s)
- Bay
- Ocean View
- Skyline
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 4
- Ok To Lease
- Okay To Lease 1st Year
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 116 active listings; the middle half ask $15,000–$37,000.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.