year built 2009 price range* $695,000 to $4,899,000
bedrooms* 1 to 4 # available units* 35
sq ft range* 1,128 to 4,437 Average $ / Sq Ft* $736.86
total floors 46 Average Price* $1,220,483
total units 346 Average Days on Market* 114
Last Updated: 09-01-2014*reflects current inventory in the MLS

Paramount Bay condos

Paramount Bay is a luxury, waterfront high-rise located at 2020 North Bayshore Drive in the Arts District of Miami. Completed in mid-2009, Paramount Bay was developed by Royal Palm Communities and designed by the world renowned architectural firm, Arquitectonica. The common areas at Paramount Bay are designed by Kravitz Design Inc. Paramount Bay is an all-glass condo development rising 47 stories offering panoramic views of Biscayne Bay, the Atlantic Ocean and the Miami Beach skyline.  Paramount Bay is walking distance to the Adrienne Arsht Center for the Performing Arts and a half block away from Margaret Pace Park which is a waterfront, dog-friendly park with volleyball courts, tennis courts and a basketball court.

Paramount Bay Condo Sales to Begin in October

The wait is almost over.  Paramount Bay condo sales will officially launch towards the beginning of October.  Paramount Bay is one of the most highly anticipated condo developments to hit the Miami condo market and is expected to sell quickly.  Paramount Bay has 346 total units comprised of 340 condos and 6 townhouses.  The luxury condo development is anticipated to open to the public the second week of October but those who have an interest in purchasing a unit at Paramount Bay should contact us immediately.  We were recently given a private tour of Paramount Bay and can offer the same opportunity to our clients.  We expect there to be a rush for the premium units on high floors so it is very important that potential buyers be familiar with the various floor plans and views before condo sales officially begin.  Pricing is also expected to increase shortly after the initial launch.

We were highly impressed with the condos at Paramount Bay.  The floor plans at Paramount Bay are very spacious and every condo offers a direct water view with 10-foot high floor-to-ceiling glass windows, a private elevator and foyer and generous 8-foot deep private terraces with glass railings. The kitchens at Paramount Bay are equipped with stainless steel appliances by Wolf and Sub-Zero, Italian wood cabinetry and high-quality stone countertops.

Paramount Bay has a total of 6 townhouse units.  None of these offer a water view but it is important to note that these are zoned live/work and should sell quickly given the limited number of units available for sale. All 6 of the townhouse units are the exact same size with 1,458 square feet of living space and 29 square feet of balcony offering 2 bedrooms, a den and 2 full bathrooms.

11 penthouse condos reside at Paramount Bay but only 8 remain available for sale.  3 of the penthouse units have already been reserved and we expect the remaining 8 to sell within weeks of the official launch.  The penthouses range from 2,878 square feet of living space to 4,437 square feet of living space.  Many of the larger penthouse condos offer open floor plans to allow buyers the opportunity to design a layout most suitable to their needs.  Each of the penthouse condos offer garden-style terraces ranging from 700 to over 4,100 square feet.  Another unique aspect of the penthouse units is that each comes with a living space for domestic employees, with several of the floor plans offering the living quarters outside the main residence.

The HOA fees at Paramount Bay will be 62 cents per square foot.  The monthly maintenance fee covers utilities such as high-speed Internet, cable TV and water, insurance on the exterior of the building and access to all amenities.  Every unit comes with one assigned parking space plus one valet space.  There will be an opportunity for 3 bedroom and penthouse condos to purchase an additional parking space.  Pricing for these additional parking spaces is anticipated to be around $25,000 to $30,000.  Paramount Bay is a pet-friendly building.  Each residence will be allowed to have a maximum of 2 pets with no restriction on weight.  Each unit at Paramount Bay also comes with an Eden Roc Renaissance Miami Beach social membership which includes access to beach club amenities, multiple pools, restaurants and supervised activities for children at Camp Roc.  Paramount Bay condo owners will also be granted VIP privileges to The Florida Room at the popular Delano Hotel in South Beach.  VIP privileges include access for four and a 15% discount off VIP table and bottle service.

Paramount Bay Amenities and Features

  • Grand lobby with 30-foot high ceilings and private elevator banks
  • Lushly landscaped entrance plaza with fountain and iconic porte-cochère
  • Main pool deck with 91-foot long pool, cabanas, outdoor games and outdoor movie theater
  • A second private sunrise waterfront pool
  • Grand Club Room equipped with a top-of-the-line kitchen and the latest entertainment systems
  • Two-story 6,000 square foot spa and fitness center with state-of-the-art equipment, including Wii Fit, sauna, steam and private treatment rooms
  • Wireless high-speed Internet throughout the common areas
  • Building-wide fiber optic backbone allowing for the fastest Internet possible
  • Valet and assigned covered parking
  • 24-hour security with video surveillance
  • On-site concierge specialist
  • Business lounge featuring video conferencing and private meeting space
  • Separate teen and children's area with live view webcams
  • Shuttle service to Eden Roc Renaissance Miami Beach
  • Pedestrian streetscapes with retail and outdoor cafe

Paramount Bay Condos

The sales launch for Paramount Bay is right around the corner.  Sales are expected to begin on October 10th.  Be sure to contact us immediately to schedule a private tour of the building and to receive pricing information for condos at Paramount Bay.  You can call us 305-428-3860 or email us at info@paramountbaymiami.com.

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