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720 NE 62nd St 403Miami, FL 33138

For Sale

$740,000

Smart Buyer Rebate $7,400

Rare opportunity to own a waterfront 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 rare condo offers 2 beds, 2 baths, 1,177 sq ft, an open kitchen, spacious primary suite with double sinks and glass shower, and a balcony with bay views. Amenities include a bayfront pool, gym, private storage, and 2 covered parking spaces. Minutes from the Design District, Wynwood, Midtown, Miami Beach, and top-rated schools like The Cushman School. Enjoy secure, low-density living with strong building financials and well-funded reserves—ideal for homeowners or investors seeking long-term value in one of Miami’s most desirable, rapidly growing neighborhoods.

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 December 01, 2025

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Source: MIAMIRE #A11827114

Listing Facts

  • TypeCondo
  • NeighborhoodMorningside
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu168
  • HOA/Maint. Fees$1,598/month
  • Taxes$6,262/year
  • Size1,177 sqft
  • Price per sqft$629

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Pets Allowed
  • Air Conditioning
  • Elevator
  • Parking
  • Storage
  • Swimming Pool

Location

Mortgage Calculator

Listing History

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

General

  • Number Of Units In Community: 43

Exterior

Construction

  • Number Of Units Total: 43
  • Property Attached: Yes
  • Stories Total: 5
  • Structure Type: Condo 5+ Stories, Condo
  • Year Built: 2008
  • Year Built Details: Resale
  • Building Name: IOS On The Bay
  • Construction Materials: CBS Construction
  • Entry Level: 4
  • Exterior Features: None, Open Balcony

Features

  • Patio And Porch Features: Open Balcony
  • View: Bay
  • Waterfront: Yes

Measurements

  • Building Area Total: 1,177
  • Building Area Units: Square Feet
  • Frontage Type: Bay
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 01-32-18-086-0130
  • Tax Annual Amount: $6,262.00
  • Tax Year: 2024

Interior

Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Flooring: Ceramic Floor, Wood
  • Interior Features: Elevator

Measurements

  • Living Area: 1,177
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2

Other

Location

  • Subdivision Name: IOS ON THE BAY CONDO

Parking

Parking

  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage: Yes
  • 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 36% above the average price for condos in Morningside and has been on the market for 71 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 168 days at $740,000. This includes a recent price decrease of $10,000. This home 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.

Full MLS Disclaimers

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.