Atlantic Luxury AdvisorsKeller Williams Realty Services

69 photos

2020 N Bayshore Dr #4702 #ph 4702

Miami, FL 33137

$4,750,000
4
4.5
4,055 sq ft
2010
2 car
Condominium
$6,206/mo
Yes
240
Active

Listing courtesy of The Corcoran Group. Contact: [email protected].

About this home

Priced Reduced PH4702, the TOP FLOOR penthouse at Paramount Bay, offers unobstructed 360° views of Biscayne Bay, Miami Beach and the Miami skyline from the 47th floor. With 4 bedrooms, 4.5 bathrooms and 4,055 SF of interior space, it matches the largest floor plan in the building. A private elevator opens directly into the foyer. Walls of glass fill the residence with natural light, highlighting spacious living and dining areas and a split-bedroom layout. Designed for true indoor-outdoor living, PH4702 features four private balconies positioned to capture both sunrise and sunset. In Miami, oversized terraces can look impressive on paper but often become difficult to use due to direct sun, wind and rain. Here, four well-proportioned balconies provide more comfortable, functional outdoor spaces that can be enjoyed throughout the year. The primary suite offers water views, a spa-inspired bath and expansive closets. The fourth bedroom is ideal for guests, staff or a private office. The kitchen features Wolf appliances, a wine cooler, dual ovens and a Miele coffee maker. Featured in “Some Like It Hot: Inspiring Spaces by Florida’s Hottest Designers,” with interiors by Whitney Bloom. Paramount Bay was designed by Arquitectonica with interiors by Lenny Kravitz Design, near Whole Foods, Publix, Margaret Pace Park, waterfront dining, Miami Beach, the Design District, Brickell and MIA.

Virtual tour
What it costs to own
Estimated monthly payment
$40,448/mo
Principal and interest
$24,019
Property tax
$7,256
Homeowners insurance
$2,967
HOA
$6,206

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$87,066/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.

HOA
$6,206/mo (from the listing)
FEMA flood zone
Lookup unavailable. Check the FEMA map
Hurricane evacuation zone
Lookup unavailable. Know your zone

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Florida condo safety laws

This building was built in 2010, according to the county property appraiser.

If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one is due by December 31, 2040. A local building official may require it at 25 years near salt water.

Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.

Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.

Location
Location from the listing's MLS coordinatesMap data © OpenStreetMap contributors

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.