Bay-View Balcony 2BR in IOS on the Bay – $5,000 Buyer Credit at Closing |
Rare opportunity to own a condo at IOS on the Bay, a 43-unit boutique building in Miami’s Upper East Side, near Miami Shores and Morningside Park. Surrounded by multi-million dollar homes, this spacious 2-bed, 2-bath, 1,177 sq ft unit features an open kitchen, a large primary suite with double sinks and glass shower, and a balcony with beautiful bay views.
The unit includes 1 assigned parking spot plus an electric lift for a second car. Enjoy building amenities such as a bayfront pool, fitness center, and private storage. Secure, low-density living with strong financials and well-funded reserves makes this an ideal home or investment.
Located just minutes from the Design District, Wynwood, Midtown, Miami Beach, and top-rated schools like The Cushman School.
Listed by Rudy Vermorel
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License #3603290
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Compass Florida, LLC
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818-259-7281
Last updated January 15, 2026
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Source: MIAMIRE #A11827114
Listing Facts
TypeCondo
NeighborhoodMorningside
Bedrooms2
Bathrooms2
Days on Prevu219
HOA/Maint. Fees$1,598/month
Taxes$6,262/year
Size1,177 sqft
Price per sqft$594
Amenities
Dishwasher
Private Outdoor Space
Washer/Dryer
Pets Allowed
Air Conditioning
Elevator
Parking
Storage
Swimming Pool
Location
Mortgage Calculator
Listing History
12/30/2025
Price Decreased
$699,000
12/01/2025
Price Decreased
$740,000
09/26/2025
Price Decreased
$750,000
09/09/2025
Price Decreased
$780,000
08/22/2025
Price Decreased
$799,000
08/07/2025
Price Increased
$805,000
06/25/2025
Listed by Compass Florida, LLC
$799,000
Property Details for 720 NE 62nd St 403
Association
Amenities
Association Amenities: Barbecue, Business Center, Clubhouse-Clubroom, Elevator(s), Exercise Room, Storage, Pool
Pets Allowed: Restrictions Or Possible Restrictions
Fees
Association Fee: $1,598.00 Monthly
Association Fee Includes: Air Conditioning Maintenance, All Amenities, Building Exterior, Common Area, Elevator, Insurance, Landscaping/Lawn Maintenance, Manager, Outside Maintenance, Parking, Pool Service, Reserve Fund
Parking Features: 2 Or More Spaces, Assigned, Covered
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Heating: Central
Has Heating: Yes
Other Equipment: Automatic Garage Door Opener
Frequently Asked Questions
How many bedrooms and bathrooms does this condo have?
There are 2 bedrooms and 2 bathrooms in this condo at 720 NE 62nd St 403.
Does this condo have parking?
Yes, there are 2 parking spaces available for 720 NE 62nd St 403.
Are pets allowed at 720 NE 62nd St?
Yes, 720 NE 62nd St allows pets. Check the Property Details for any relevant restrictions.
What are the annual taxes for 720 NE 62nd St 403?
Annual taxes for this condo are estimated at $6,262.
How does 720 NE 62nd St 403 compare to other condos in Morningside?
This condo is listed 28% above the average price for condos in Morningside and has been on the market for 122 more days than the typical home in this area.
What building or home owners association is the condo part of?
This condo is in the IOS on the Bay building.
What is the square footage on this condo?
According to the MLS, this listing is 1,177 sqft.
720 NE 62nd St 403 is a 2-bedroom, 2-bath condo for sale in Miami FL 33138. Listed on Prevu for 219 days at $699,000. This includes a recent price decrease of $41,000. This residence features 1,177 square feet of living space, located in Morningside. The median listing price for condos in this area is $1,695,000. The home offers private outdoor space, dishwasher, pets allowed, elevator, air conditioning, storage, parking, swimming pool, and washer/dryer. Browse more condo listings in Miami.
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.