$650,000
720 NE 62nd Street 404
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- Asking price
- $650,000
- Price per sq ft
- $555
- Vs. nearby sales
- 9.6% below
- Days on market
- 174
This 2-bedroom condo in Ios On The Bay Condo went under contract with an asking price of $650,000, or $555 per square foot. The asking price has come down 11.6% from its original $735,000. It spent 174 days on the market before going under contract. The 6 most recent condo sales in the closings shown below sold at a median of $614 per square foot, so the asking price was 9.6% below what comparable homes here actually sold for.
Estimated monthly payment
$3,416 /mo
Principal and interest only, based on $130,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $1,589/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $650,000
- Days on Site
- 174 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,172 sqft
- Total Sq Ft
- 1,172 sqft
- Year Built
- 2008
- Property Type
- Condo
- MLS #
- A11999324
- Property Tax
- $11,373 (2025)
- HOA Fees
- $1,589 / Monthly
- Subdivision
- IOS ON THE BAY CONDO
- County
- Miami Dade
- Status
- Under Contract
- Special Conditions
- Listed As Is
About This Property
IOS on the Bay is a beautifully designed 5-story, 43-unit boutique condominium built in 2008. Situated on the 4th floor, this spacious and thoughtfully laid-out residence offers over 1500sf of indoor and outdoor living with lush treetop and bay views from every room. A standout feature is the expansive, deep balcony that spans the entire length of the unit. Covered by the building’s architectural overhang, it creates a true indoor-outdoor living experience, ideal for relaxing or entertaining year-round. Interior highlights include large-format tile flooring, high ceilings, floor-to-ceiling pocket doors, walk-in closets, and a large primary bathroom with a glass rain shower. The unit also includes a private storage locker and two parking spaces. The building features a bay front pool overlooking Biscayne Bay, a well-appointed resident gym, and on-site property management. Located east of Biscayne Blvd and directly on Biscayne Bay, IOS is nestled in Miami’s historic MiMo District, with direct access to the Morningside neighborhood and Morningside Park. Enjoy being just steps from a variety of restaurants, shops, the Farmers Market, and entertainment options.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Under Contract
- Year Built
- 2008
- Property Condition
- Resale
- Number of Stories
- 5
- Garage Spaces
- 2
- Living Sq Ft
- 1,172
- Total Sq Ft
- 1,172
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Disposal / Oven / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Tile
- Interior Features
- Kitchen Island / None / Split Bedrooms
Exterior Features
- Exterior Features
- Balcony / Outdoor Living Area
- Pool Features
- Association
- Patio & Porch
- Open / Balcony
- Waterfront
- Yes
- Waterfront Features
- Bayfront / None
- View
- Bay / Skyline
Community & HOA
- HOA Fee
- $1,589 / Monthly
- HOA Includes
- Common Areas / Insurance / Reserve Fund / Security / Trash / Water
- Association Amenities
- Clubhouse / Fitness Center / Management / Pool / Parking
- Security
- Security System / Closed Circuit Cameras / Elevator Secured / Fire Alarm / Secured Garage Parking / Key Card Entry / Phone Entry
- Pets Allowed
- Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- MLS Area
- 2320
Schools
- Elementary School
- Morningside K-8 Academy (Miami-Dade)
- Middle School
- Horace Mann
- High School
- Miami Edison
About the Community
Ios On The Bay Condo is a waterfront community in Miami, Miami-Dade County, Florida. Active listings are priced from $620,000 to $795,000. Homes were built starting 2008. Pure Equity lists homes in Ios On The Bay and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 2
- Median List Price
- $647,000
- Median $/Sq Ft
- $691
- Avg Days on Market
- 299
Frequently Asked Questions
- How do I schedule a tour of 720 NE 62nd Street 404, Miami, FL 33138?
- Use the Tour button on this listing to request a showing of 720 NE 62nd Street 404, Miami, FL 33138. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 720 NE 62nd Street 404, Miami, FL 33138 still available?
- 720 NE 62nd Street 404, Miami, FL 33138 is currently listed as Under Contract, and has been on the market 174 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 720 NE 62nd Street 404, Miami, FL 33138?
- With 20% down ($130,000) on the $650,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 720 NE 62nd Street 404, Miami, FL 33138 is about $3,416/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 720 NE 62nd Street 404, Miami, FL 33138?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 720 NE 62nd Street 404, Miami, FL 33138. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 720 NE 62nd Street 404, Miami, FL 33138 have an HOA fee?
- Yes: 720 NE 62nd Street 404, Miami, FL 33138 carries an HOA fee of about $1,589 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 720 NE 62nd Street 404, Miami, FL 33138?
- 720 NE 62nd Street 404, Miami, FL 33138 is zoned for Morningside K-8 Academy (Miami-Dade) (elementary), Horace Mann (middle), Miami Edison (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 720 NE 62nd Street 404, Miami, FL 33138?
- Often, yes. The right offer on 720 NE 62nd Street 404, Miami, FL 33138 depends on how it's priced against comparable condo sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Direct Real Estate
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$650,000
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Listed by Michael Carioti, Direct Real Estate
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Recent Sales
Recently sold homes in Ios On The Bay Condo
These are the last 6 recorded closings in Ios On The Bay Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $643 per square foot. The most recent closed on June 16, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$619,000
Sold · June 16, 2026
720 NE 62nd Street 403
2 bed · 2 bath · 1,177 sqft · $526/sqft
$50,000 under the asking price
Sold$625,000
Sold · May 20, 2026
720 NE 62nd Street 311
2 bed · 2 bath · 972 sqft · $643/sqft
$50,000 under the asking price
Sold$610,000
Sold · March 4, 2026
720 NE 62nd Street 103
2 bed · 2 bath · 1,098 sqft · $556/sqft
$80,000 under the asking price
Sold$1,300,000
Sold · February 16, 2026
720 NE 62nd Street 313
3 bed · 2.5 bath · 1,691 sqft · $769/sqft
Sold$925,000
Sold · January 30, 2026
720 NE 62nd Street 306
2 bed · 2.5 bath · 1,230 sqft · $752/sqft
$50,000 under the asking price
Sold$385,000
Sold · August 12, 2025
720 NE 62nd Street 301
1 bed · 1 bath · 658 sqft · $585/sqft
$35,000 under the asking price
See every recorded sale in Ios On The Bay Condo or find out what your Ios On The Bay Condo home is worth.
