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720 NE 62nd St # 404, Miami FL 33138

Condo/Co-op For Sale
$725,000

BTC: 11.06870229

ETH: 402.77777778

-$10K (2026/05/26)
50 days
Waterfront
2 bds
2 ba
1,172 sqft

Overview

IOS on the Bay is a beautifully designed 5-story, 43-unit boutique condominium built in 2008. Situated on the 4th floor, this spacious and thoughtfully laid-out residence offers over 1500sf of indoor and outdoor living with lush treetop and bay views from every room. A standout feature is the expansive, deep balcony that spans the entire length of the unit. Covered by the building’s architectural overhang, it creates a true indoor-outdoor living experience, ideal for relaxing or entertaining year-round. Interior highlights include large-format tile flooring, high ceilings, floor-to-ceiling pocket doors, walk-in closets, and a large primary bathroom with a glass rain shower. The unit also includes a private storage locker and two parking spaces. The building features a bay front pool overlooking Biscayne Bay, a well-appointed resident gym, and on-site property management. Located east of Biscayne Blvd and directly on Biscayne Bay, IOS is nestled in Miami’s historic MiMo District, with direct access to the Morningside neighborhood and Morningside Park. Enjoy being just steps from a variety of restaurants, shops, the Farmers Market, and entertainment options.

Location

Florida • Miami • 33138 • Condo/Co-op • For Sale • Waterfront

Details

Type:
Residential
Parking:
2 Or More Spaces
Year Built:
2008
Lot:
No Data
Heating:
Central
Price/sqft:
$619
Cooling:
Central Air
HOA:
$1,589

Valuation

Our model vs. what's actually selling nearby.
Estimate
$585,000
$375K – $860K
Confidence Low
List vs. estimate
$140K above estimate
List $725,000 · +23.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$618
+9.0% vs. city median $567
Based on
1050 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $1.0M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$11,373
2025
HOA
$1,589/mo
View
Bay, Skyline
Waterfront
Yes
Garage
2 car garage
Pets
Restrictions Or Possible Restrictions
All facts and features

  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Range

    • Wall Oven

    • Washer

    Other interior features

    • Cooking Island

    • Split Bedroom

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • 2 Or More Spaces

    Property

    • Exterior Features: East Of Us1 / Open Balcony

    Other Property Information

    • Parcel Number: 01-32-18-086-0170

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,589

    • HOA Frequency: Monthly

    • Annual tax amount: $11,373

  • Source details

    • MLS ID: A11999324

    Other facts

    • Construction Materials: Slab Construction

    • Patio And Porch Features: Open Balcony

    • Waterfront: Yes

    • Garage Spaces: 2

    • Garage: Yes

    • Living Area: 1172

    • Subdivision Name: IOS ON THE BAY CONDO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33138
308
median $1.1M
Active
Same city
Miami
12,004
median $650K
Active
Same type
Condo/Co-op
6,342
median $500K
Active
Similar price
$507K – $942K
3,639
median $670K
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Direct Real Estate