2020 N Bayshore Dr, Miami FL 33137 | Miami-Dade County | A11949350
- $5,850,000
- Condominium
- 4
- 4.5
- 2
- 4437 Sq Ft
- $5,850,000
Description
Spectacular penthouse at Paramount Bay offering breathtaking, unobstructed views of Miami, Biscayne Bay, and Miami Beach from every angle. This 4,437 SF, sun-filled residence features 4 spacious bedrooms, 4.5 bathrooms, and exceptional natural light throughout. A truly one-of-a-kind 5,000 SF private terrace wraps the home, creating the ultimate setting for entertaining, outdoor living, and enjoying Miami’s iconic skyline and sunsets. Located in one of Edgewater’s most sought-after full-service buildings, Paramount Bay offers resort-style amenities including a waterfront pool, state-of-the-art fitness center, and 24/7 valet and concierge services. The unit includes two assigned parking spaces and a private storage unit. A rare opportunity to own a trophy penthouse combining luxury, scale, and world-class views.
Property Overview
This is a 4-bedroom, 4.5-bath condominium of about 4437 square feet at 2020 N Bayshore Dr, Miami FL 33137 (Miami 33137), listed at $5,850,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $6,206.
The tax of record is $78,454 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $117,000/yr (≈ $9,750/mo); with the homestead exemption on a primary residence, about $116,000/yr (≈ $9,667/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 is $5,850,000. The MLS record does not explicitly state the furnished status; this must be confirmed directly. Fixtures and built-in appliances are generally included with the home, while community amenities like the heated pool and elevator are shared HOA features.
To verify exactly what conveys, you should contact Christopher Lazaro, Miami Real Estate Realtor, for a precise review of the property's inclusions.
Where exactly is it, and what should I know about the location?
The property is located in Miami, Florida, at 2020 N Bayshore Dr, 33137. This places it directly on the coastal corridor of Biscayne Bay.
The location offers immediate access to the bayfront and is a short drive from the causeways to Miami Beach. To discuss the specific dynamics of this corridor, you should contact Christopher Lazaro, Miami Real Estate Realtor, for a detailed review.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee for this condominium is $6,206. This payment covers Cable TV, Elevator maintenance, Security services, and Trash Removal for the property.
All community regulations are also governed by Miami city ordinances. For a complete review of the governing documents and fee structure, contact Christopher Lazaro, Miami Real Estate Realtor, to verify all details directly.
What are the property taxes and homestead implications?
The tax of record is $78,454 (2025). As an estimate only—Florida reassesses upon sale—projections at the $5,850,000 list price with a Miami-Dade rate near 2.0% are: without a homestead exemption, approximately $117,000 annually (about $9,750 monthly). The homestead exemption, which lowers taxable value for a primary residence only, would yield an estimated $116,000 annually (about $9,667 monthly).
These are estimates, not quotes; confirm final figures with the Miami-Dade Property Appraiser and a tax professional. For precise verification tailored to your situation, contact Christopher Lazaro, Miami Real Estate Realtor.
Is the home in a flood zone, and what does that mean?
This property is located in a FEMA-designated flood zone, which indicates the statistical risk of flooding in the area. You can review the official FEMA definitions for flood zones and view the FEMA flood map for this address for precise details.
For a property in a high-risk zone like this, mortgage lenders will require a separate flood insurance policy. To understand the specific implications and costs for this listing at $5,850,000, contact Christopher Lazaro, Miami Real Estate Realtor, for a detailed verification.
Are pets allowed?
Pets are allowed, with restrictions (or possible restrictions). The MLS record notes "Restrictions Or Possible Restrictions," so we will pull the association's exact current pet rules for this unit on request.
Separate federal accommodation rules apply for documented service animals or ESAs. Please reach out to Christopher Lazaro, Miami Real Estate Realtor, to verify the specific guidelines for this property.
How is the price set and is there room to negotiate?
The list price is anchored by recent Miami-Dade condo performance, where closed sales in May 2026 averaged 94% of the asking price after roughly 64 days on market. A comparative market analysis for this specific building and vicinity refines that broader statistic.
To establish a precise negotiation strategy, I can provide a current CMA for Miami properties before you draft an offer. Please contact Christopher Lazaro, Miami Real Estate Realtor, to review the data.
What financing step do you recommend before touring?
I recommend securing a mortgage pre-approval before touring any property, including this one listed at $5,850,000. This involves consulting with a Florida Licensed Mortgage Loan Officer to understand your precise budget and strengthen your position.
Once you have that letter, contact Christopher Lazaro, Miami Real Estate Realtor, to verify your readiness and schedule a viewing.
Monthly Fees & Carrying Costs
| Association Fee | $6,206 / month |
| Total Monthly Fees | $6,206 / 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
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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 September 1, 2026 at 6:42 pm-
Property ID A11949350
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Price $5,850,000
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Property Size 4437 Sq Ft
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Bedrooms 4
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Room 0
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Bathrooms 4.5
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Garages 2
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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 Marble, Wood
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Bedroom Features Primary Bath Shower, Primary Bath Tub
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Cooling Central Air
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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 78454
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Association Yes
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Private Pool No
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Listing Terms All Cash, Conventional
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Waterfront Yes
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Full Bathrooms 4
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Subdivision PARAMOUNT BAY CONDO
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Total Stories 47
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Restrictions Other Restrictions
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Maintenance Includes Cable Tv, Elevator, Security, Trash Removal
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Amenities Elevator(s), Heated Pool, Pool
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Parking 2 Or More Spaces
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Heating Central
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2025
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Construction CBS Construction, Elevated Construction
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Covered Spaces 2
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Unit Floor 43
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Frontage Bay
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View Bay, Ocean View
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Year Built Details Effective Year Built
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Pets Allowed Yes
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Attached Yes
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Unit Number PH4302
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Inclusions None
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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 2
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Style Condo 5+ Stories
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Association Fee 6206
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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