720 NE 62nd St

Miami, FL 33138

$675,000

$576/ft²

2Beds

2Baths

1,172Sq ft

2008Year built

CondoType

About this home

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.

Features

Waterfront

Property details

Listing

MLS #: A11999324
Status: For sale
Listed on: Apr 12, 2026
Days on market: 120 days
Listing data updated: Aug 8, 2026

Interior

Beds: 2
Baths: 2
Living area: 1,172 ft²
Price per ft²: $576/ft²
Unit: 404

Building & community

Type: Condo
Year built: 2008
HOA fee: $1,589/mo
County: Miami-Dade

Lot & exterior

Waterfront: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $3,413
Property taxes (est.): $619
Home insurance (est.): $433
Flood insurance (est.): —
HOA fee: $1,589

Estimated total$6,054*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?

Building structural health (SIRS)

No filing record found

We couldn't find a SIRS filing record for this building in Florida's public DBPR database. That is not a red flag by itself: buildings under three stories are exempt, recent or mailed-in filings may not appear yet, and the name or address on file may differ from this listing.

Questions about this

What is a SIRS and why does it matter?

Since the Surfside collapse, Florida requires condo and co-op buildings three stories or taller to complete a Structural Integrity Reserve Study: an inspection-based plan that forces the association to fund structural repairs (roof, load-bearing walls, plumbing, electrical) instead of deferring them. It matters because underfunded buildings are the ones that surprise owners with large special assessments.

Has this building filed its SIRS?

We didn't find a filing record for this building in the DBPR's public database. Absence of a record does not mean the building is out of compliance — it may be exempt (under three stories), the filing may be recent or on paper, or the recorded name/address may differ. It IS the right question to ask before offering.

What is a special assessment?

A one-off charge the association levies on every owner when reserves don't cover a needed repair — in older coastal buildings they have ranged from a few thousand to over $100,000 per unit. The SIRS exists precisely to make these predictable and funded in advance. Always review the building's budget, reserves and meeting minutes before buying.

What should I check before buying in this building?

Florida law gives buyers the right to review the association's SIRS, milestone inspection reports, budget and reserves — the full study is available from the association by written request. Nilyan requests and walks through these documents with her buyers as part of the offer process.

Source: Florida DBPR public SIRS reporting database. Filing status is self-reported by the association; this is not an audit, inspection or safety certification, and absence of a record does not mean non-compliance. Data as of July 30, 2026.

Want the full structural picture of this building before you offer?