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Backup Offers

720 NE 62nd St Unit 503, Miami, FL, 33138

$890,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
1,179 SqFt
$755/SqFt
Condo
Schools Nearby

Location

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720 NE 62nd St Unit 503, Miami$890,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingCovered, One Space
Garage1 space
Year Built2008
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
WaterfrontBay Front
ViewBay, City
MLS #A11502813
StatusAccepting Backup Offers
(Active Under Contract)

About 720 NE 62nd St Unit 503

IOS on the Bay is a boutique condominium comprised of 43 units and located in the historic MIMO and Upper East Side. Situated between Miami Shores and Morningside Park, an area dominated by multi-million dollar historic homes, IOS on the Bay is the rare condominium exception. Apartment 503 features a private 1,013sf roof terrace with 360-degree views of the city and Biscayne Bay. Additional features include an in-unit storage room, an additional storage locker in the garage, 10-foot-high ceilings, and a large covered parking spot near the elevator entrance. The unit features limestone tile floors, upgrades to the kitchen and baths, a new washer/dryer, impact windows, and doors, and a large balcony from the living room with water views. Minutes to the Design District and Miami Beach.

Property Details

Property Features

Property Information:

  • Architectural Style: Penthouse
  • Year Built: 2008
  • Living Area: 1,179 SqFt

Listing Office:

  • Office Name: Direct Real Estate
  • Office Phone: (917) 428-7629
  • Listing Agent: Michael Carioti

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Washer
  • Flooring Type: Tile
  • Interior: Elevator, Other, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Bay Front
  • View: Bay, City
  • Exterior: Balcony, Deck, Security/High Impact Doors

Parking Information:

  • Garage Space: 1 space
  • Parking: Covered, One Space

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Miami Edison Senior High School, Public Magnet Grades 9-12
  • Horace Mann Middle School, Public Magnet Grades 6-8
  • Morningside K-8 Academy, Public Magnet Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $890,000
  • Price Per SqFt: $755/SqFt

HOA Fees:

  • Amount: $1524
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$546.1K

Med. Price/SqFt

$382

Avg. Days On Market

56

# of Sold Homes

885

720 NE 62nd St Unit 503 vs Miami

135 DAYS ON ROCKET

+79 Days

$890,000

+$343.8K More

$755/SqFt

+$372 More

KEY TAKEAWAY

This property is $343.8K more than the Median Sold Price and $372/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11502813

Listing Office:

  • Office Name: Direct Real Estate
  • Office Phone: (917) 428-7629
  • Listing Agent: Michael Carioti

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/3/2024, 6:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$6,033

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,735

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5510626
6
/10

  • Morningside K-8 Academy

  • 6620 NE 5th Ave

  • 0.43 miles

  • Public Magnet Grades PK-5

Middle School

school-card-donut-5510627
2
/10

  • Horace Mann Middle School

  • 8950 NW 2nd Ave

  • 2.07 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-5510628
2
/10

  • Miami Edison Senior High School

  • 6161 NW 5th Ct

  • 1.46 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,558. The most common annual income of people living in Miami, FL is between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 720 NE 62nd St Unit 503

What is the listing price of this property?

The listing price of 720 NE 62nd St Unit 503 property is $890,000.

What type of property is this?

The property 720 NE 62nd St Unit 503 is a condo located in Miami, Florida, 33138.

Is this property for sale now?

Accepting Backup Offers: 720 NE 62nd St Unit 503 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 720 NE 62nd St Unit 503 are:
Morningside K-8 Academy: GreatSchools Rating 6/10
Horace Mann Middle School: GreatSchools Rating 2/10
Miami Edison Senior High School: GreatSchools Rating 2/10

How many bedrooms and bathrooms does this property have?

The property at 720 NE 62nd St Unit 503 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 720 NE 62nd St Unit 503 is 1,179 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 720 NE 62nd St Unit 503 is 2008.

Rocket Homes›Florida›Miami-Dade County›Miami›33138›720 NE 62nd St Unit 503

This home is located at 720 NE 62nd St Unit 503 in Miami, FL and zip code 33138 in the Upper East Side neighborhood. This 1,179 square foot home was built in 2008. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 20, 2023 and is currently priced at $890,000.

Miami, FL housing market in April 2024 saw over 120 listings sold above listed price, more than 157 sold at listed price and over 608 sold below. Between March 2024 and April 2024, Miami, FL real estate market has seen increase in the number of listings by 7.2%. The median list price of listings available in April 2024 was $546,178, while the average time on the real estate market was 56 days.

From Rocket Homes Real Estate and based on county public records data.

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