2020 N Bayshore Dr # 2502, Miami FL 33137 | Miami-Dade County | A11991875
- $2,450,000
- Condominium
- 3
- 3.5
- 1
- 2201 Sq Ft
- $2,450,000
Description
Arrive by private elevator to your personal foyer and step into a light-filled, glass-walled residence where the open kitchen, living, and dining areas immediately draw your eyes to the endless blue of Biscayne Bay. The main terrace showcases spectacular sweeping water views of the Bay, the Ocean, parks, the Port, Miami Beach, and the Islands, while the west balcony captures colorful sunsets and skyline views stretching toward Wynwood, the Design District, and Miami’s northwest neighborhoods. This designer 3-bedroom, 3.5-bath residence spans 2,201 SF and features en-suite bedrooms, walk-in closets, and spacious balconies—each with its own unique perspective of this tropical paradise. The highly sought-after 02 line includes impact glass walls and doors, two A/C zones with Nest thermostats, Somfy curtains and blackout shades, Sub-Zero refrigerator, Wolf built-in oven and cooktop, wine cooler, Lutron dimmer lighting, large-format white ceramic floors & a laundry storage room. The unit also includes one assigned garage space with EV charger and private elevator access. Paramount Bay is a luxurious, established waterfront tower known for its high-fashion design, resort-style amenities, and serene atmosphere. Residents enjoy beautifully designed lobby spaces, pools, spa, sauna, fitness center, and common areas that are truly anything but ordinary—creating the feeling of a permanent vacation suspended above water, just moments from the best of Miami & the beaches.
Property Overview
This is a 3-bedroom, 3.5-bath condominium of about 2201 square feet at 2020 N Bayshore Dr # 2502, Miami FL 33137 (Miami 33137), listed at $2,450,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $3,404.
The tax of record is $34,190 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $49,000/yr (≈ $4,083/mo); with the homestead exemption on a primary residence, about $48,000/yr (≈ $4,000/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.
Frequently Asked Questions
What is the list price, and what typically conveys with a home like this?
The list price for 2020 N Bayshore Dr # 2502 is $2,450,000. Fixtures and built-in appliances generally convey with the home, but the MLS record does not state if the property is furnished; you must confirm exactly which items convey.
The home includes a private pool. Separate from the unit, community amenities include a bike storage area, billiard room, business center, child play area, clubhouse-clubroom, community room, exercise room, heated pool, pool, sauna, spa/hot tub, trash chute, and vehicle wash area. Contact Christopher Lazaro, Miami Real Estate Agent, to verify these details.
Where exactly is it, and what should I know about the location?
The property is located at 2020 N Bayshore Dr # 2502, Miami FL 33137, situated within the city's coastal corridor. This unit offers 3 bedrooms and 3.5 bathrooms across approximately 2201 sqft.
Contact Christopher Lazaro, Miami Real Estate Agent, to verify location details.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee is $3,404. This payment covers the Common Area, Elevator, Landscaping/Lawn Maintenance, Manager, Parking, Recreation Facilities, Security, Trash Removal, and Water.
The community is subject to city ordinances found at https://library.municode.com/fl/miami/codes/code_of_ordinances. Contact Christopher Lazaro, Miami Real Estate Agent, to verify these details.
What are the property taxes and homestead implications?
The tax of record is $34,190 (2025). As an ESTIMATE ONLY, since Florida reassesses at sale, the cost at this price and a Miami-Dade rate near 2.0% is about $49,000/yr (≈ $4,083/mo) without homestead, or about $48,000/yr (≈ $4,000/mo) with the homestead exemption. Florida's homestead exemption lowers taxable value only for a primary residence.
Confirm these figures with the Miami-Dade Property Appraiser and a tax professional, as these are estimates, not quotes. Contact Christopher Lazaro, Miami Real Estate Agent, to verify.
Is the home in a flood zone, and what does that mean?
Flood zones designate areas prone to inundation, and you can find FEMA definitions for these classifications here. View the FEMA flood map for this address to see the specific risk level for this unit. Lenders often require flood insurance in high-risk zones.
Contact Christopher Lazaro, Miami Real Estate Agent, to verify these details.
Are pets allowed?
Pets are allowed, with restrictions (or possible restrictions). We will provide the association's exact current pet rules for this unit upon request.
Separate federal accommodation rules apply if a documented service animal or ESA is involved. Contact Christopher Lazaro, Miami Real Estate Agent, to verify these details.
How is the price set and is there room to negotiate?
The list price of $2,450,000 reflects current market conditions. Miami-Dade condos have recently been closing at 94% of list, about 64 days on market (MIAMI REALTORS®, May 2026).
The specific valuation for this unit comes from a CMA. I can provide a Miami-specific CMA to ensure your offer is accurate. Contact Christopher Lazaro, Miami Real Estate Agent, to verify these details.
What financing step do you recommend before touring?
Secure a pre-approval before touring 2020 N Bayshore Dr # 2502 to ensure your offer is competitive. Speak with a Florida-licensed MLO to establish your budget for this $2,450,000 property.
Contact Christopher Lazaro, Miami Real Estate Agent, to verify these requirements.
Monthly Fees & Carrying Costs
| Association Fee | $3,404 / month |
| Total Monthly Fees | $3,404 / month |
- Membership Required: No
- Application Fee: $150 (one-time)
Have a question about this Miami listing?
Talk directly with Christopher Lazaro, your Miami real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: Bayshore Dr
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City: Miami
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State/county: Miami-Dade County
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Zip/Postal Code: 33137
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Area: PARAMOUNT BAY CONDO
Details
Updated on August 18, 2026 at 11:54 am-
Property ID A11991875
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Price $2,450,000
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Property Size 2201 Sq Ft
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Bedrooms 3
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Room 0
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Bathrooms 3.5
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Garage 1
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Year Built 2010
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Type Condominium
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Property Status Active, Residential
Additional details
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Flooring Ceramic Floor
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Bedroom Features Entry Level, Primary Bath Shower
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Cooling Central Air, Electric
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Association Type Condo
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Building Paramount Bay Condo
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Association Fee Frequency Monthly
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Area Paramount Bay Condo
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Annual Tax 34190
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Association Yes
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Private Pool Yes
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Listing Terms All Cash, Conventional
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Waterfront Yes
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Full Bathrooms 3
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Subdivision PARAMOUNT BAY CONDO
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Total Stories 47
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Restrictions Okay To Lease 1st Year
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Parking 1 Space, Covered, Electric Vehicle Charging Station(s)
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Heating Central, Electric
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2025
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Construction Concrete Block Construction
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Building Area 2201
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Covered Spaces 1
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Unit Floor 25
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Frontage Bay
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View Bay, Ocean View, Skyline
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Year Built Details Resale
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Pets Allowed Yes
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Attached Yes
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Unit Number 2502
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Inclusions Other
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Half Bathrooms 1
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Flood Zone AE
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Patio / Porch Open Balcony
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New Construction No
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Garage Spaces 1
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Style Condo 5+ Stories
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Association Fee 3404
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
Features
- Closet Cabinetry
- Den/Library/Office
- Dishwasher
- Dryer
- East Of Us1
- Electric Range
- Elevator
- Has a View
- Has Cooling System
- Has Garage
- Has Heating System
- Has Pool
- Has Waterfront
- Home Owners Association
- Lobby
- Microwave
- Open Balcony
- Property Attached
- Refrigerator
- Utility Room/Laundry
- Volume Ceilings
- Walk-In Closet(s)
- Wall Oven
- Washer
Mortgage Calculator
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Loan Amount
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Monthly Mortgage Payment
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