Home » Miami » Ios on the Bay at 720 62nd St Miami » 720 NE 62nd St 512, Miami, FL 33138 | A11553710

Sold 720 NE 62nd St 512, Miami, FL 33138

$2,500,000
closed for a price of $2,420,500

Property Highlights

Listing ID A11553710 Status of this Listing: Closed Sold Property Type Residential Condominium 3 Bedrooms 4 Bathrooms Total 3 Full Bath 1 Half Bath Living Space 3,143 Sqft/291.99 m2 approx. Building Area 3,143 Sqft/291.99 m2 approx. POOL Year Built 2008 Waterfront Lease Term Minimum Duration: 365 What it means?Refers to a regulation set by the property association, stipulating that each rental agreement for the property must be for a duration of at least 365 days. This rule ensures that every time the property is rented out, the lease term cannot be shorter than the specified minimum period. Time of this property from published date until Closing Date 158 Days

720 NE 62nd St 512, Miami, FL 33138

Property Description: A Miami dream come true. High end fully furnished Miami Penthouse directly on the bay with a Huge Rooftop with PRIVATE pool, full outdoor kitchen and Bar, private steam and dry Sauna. This 3 beds 3.5 bath boasts a massive Master bedroom with walk in closet. Custom made huge triple king size bed! Elegantly finished unit with automated shades, private elevator, top of the line open plan gourmet kitchen Marble chefs Mia Cucina kitchen, dishwasher, wine cooler, double Sub Zero, 4 private balconies, 4 covered parking Including one with elevator for 2 cars. Private separate storage facility. Clean modernist lines outline a backdrop of water and sky. Property sits on 175 feet of Biscayne Bay, facing Miami Beach & downtown Miami. Seller is motivated to sell.

Residential Condominium Sold located at 720 NE 62nd St 512 Miami FL 33138 in Miami-Dade referenced as ID MLS # A11553710. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.

Useful Info

Contingency:Pending Inspections
Previous Asking Price:$3,250,000
Original List Price:$3,250,000
Close Price:$2,420,500
More Listings Same Building:Ios on the Bay at 720 62nd St Miami

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural
Style:
  • High Rise
Entry Level (floor):5
Entry Level Location:5
Construction Materials:
  • Block
Flooring:
  • Tile
Number of stories:5

Property Features

Has View:Yes
View from the Property:
  • Bay
Waterfront:Yes
Waterfront Features:
  • Bayfront
Swimming Pool Features:
  • Heated
Security:
  • Complex Fenced
Appliances:
  • Dishwasher
  • Disposal
Interior Features:
  • Living/dining Room
  • First Floor Entry
  • Bedroom On Main Level
  • Bar
Exterior Features:
  • Security/high Impact Doors
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Window Features:
  • Impact Glass
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$28,658

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Association Fee:$3,822
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Exemptions

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Call Agent
Buyer Possession:
  • Closing & Funding
Buyer Financing:
  • Cash
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Sauna
  • Other
  • Barbecue
  • Elevator(s)
  • Fitness Center
  • Picnic Area
Subdivision Name:IOS ON THE BAY CONDO
Association Fee Includes:
  • Amenities
Complex Name:IOS ON THE BAY CONDO
Senior Community:No
Restrictions:Ok To Lease

Parking

Garage:Yes
Garage Spaces:4
Covered Spaces:4
Parking Features:
  • Two Or More Spaces

More Details

Other Information:
Unit ViewBay
Housing Older Persons ActNo HOPA
Unit DesignHigh Rise
Type of AssociationCondo
Minimum Number of Days for Lease365
Type of Governing BodiesCondominium
Pet Fee0
Tax InformationTax Reflects No Exemptions
Number of times allowed to lease per year1
Flood ZoneAE
Homeowner's Association Application Fee150
Style Condo 5+ Stories
FEMA Flood Zone DesignationsAE
Municipal Code1
Subdivision Number86
Water Access Description:Other

Zoning and Legal

Tax Legal Description:IOS ON THE BAY CONDO UNITS 512 & 513 UNDIV 6.24% INT IN COMMON ELEMENTS OFF REC 26350-1741
Real Estate Folio Number (Parcel Number):01-32-18-086-0420
Public Survey Township:1
Public Survey Range:32
Public Survey Section:18

Listing History

Update/EventDate/Days
Published Date:March 21, 2024 2:31 pm
On Market Date:March 21, 2024
Close Date:August 26, 2024
Price Change Date Time:June 14, 2024 4:01 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:October 2, 2024 4:27 pm
Status Last Changed:October 2, 2024 4:27 pm
Photos Last Modified:March 21, 2024 6:50 pm
Last Modified:October 2, 2024 8:29 pm
Days on the Market Reference Date:October 2, 2024
Days on the Market (updated on Last Modified*):125
Cumulative Days on the Market (updated on Last Modified**):490

Additional Information

Unit Location:High Rise
Number of Photos:45
Location:,,
Included:,,
Area:32
Automated Valuation Display:Yes
Courtesy of:The Corcoran Group
Universal Property Id:US-12025-N-0132180860420-R-N

Location

Show Property Address:Yes
Street Name:62nd St
Street Number:720
Street Direction Prefix:NE
Street Address:720 NE 62nd St 512
Unit Number:512
City : Miami
State : Florida
Zip Code : 33138
County : Miami-Dade
Full Address:720 NE 62nd St 512, Miami, FL 33138
Latitude:N25° 49' 59''
Longitude:W81° 49' 7.6''

Neighborhood

Postal City:Miami

Property Map

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