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2020 Bayshore Dr, Unit 2702
$2.4M

Paramount Bay Condo Unit 2702

2020 Bayshore Dr, Unit 2702 • Miami, FL 33137

at Paramount Bay Condo

Beds
3
Baths
4
Living Area
2,201 SF
Price / SF
$1,090
HOA / Monthly
$2,800
Days on Market
162

About This Unit

One of the most spectacular units in Paramount Bay, where no expense has been spared. This unique, flow-through furnished designer residence features 3 bedrooms, 3.5 bathrooms, and a den with unobstructed views of Biscayne Bay, the ocean, and the city. Approximately 2,353 sq. ft. of pure luxury and exquisite taste, including designer lounge lighting, electric shades, and top-quality millwork—just to name a few. This unit includes 4 parking spaces and 2 storage rooms (an estimated $200,000 value). Paramount Bay is a resort-style building designed by Lenny Kravitz, offering private foyers and world-class amenities such as 24-hour security, front desk staff, two pools, a fitness center and spa, residents’ private club room, and spa services. Located in the heart of Edgewater.

Pricing at Paramount Bay Condo — $1,090/sqft
Paramount Bay Condo Unit 2702 is listed at $1,090/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at Paramount Bay Condo.
Time on Market — 162 days
Paramount Bay Condo Unit 2702 has been on the market for 162 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $2,500,000. Reduced to $2,400,000 on Jan 12, 2026 (after 106 days on market) — -4.0% (−$100,000).
Estimated Monthly Cost
Mortgage (P&I)
$13,033
HOA
$2,800
Property Tax
$2,725
Total / mo
$18,557
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.36%. HOA $1.27/sqft · All-in $8.43/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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What to Verify
Flood Zone: This unit is in flood zone AE. High-risk flood zone (Special Flood Hazard Area). Federal flood insurance required for federally-backed mortgages.
Building Age: Built in 2010 (16 years old).
Verify all of the above with the HOA before closing.
Unit: 2702
Year Built: 2010
Stories: 44
City: Miami
Postal Code: 33137
HOA Fee: $2,800 / Monthly
View: Ocean View, Direct Ocean, Water View
Waterfront: Yes
Private Pool: No
Heating: Central, Electric, Window/Wall
Cooling: Central Air, Electric, Other
Days on Market: 162
Listed: September 29, 2025
MLS #: A11886692

Location

Tour with Ricky

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Text or Call (305) 33-RICKY
That's (305) 337-4259
Email About This Unit
Ricky Garcia
Ricky Garcia
Ricky J. Garcia LLC
Licensed with Global Luxury Realty
Listing courtesy of: Optimar International Realty
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11886692 • Updated Mar 10, 2026 • Photos uploaded 206 days ago — check listing for current condition.