Miamism Blog

You are here

Paramount Bay Condos – Market Report for June 2014

Ines Hegedus-Garcia
ines@miamism.com

 

Paramount Bay Condos Real Estate Market Report

There are currently 35 Paramount Bay Condos for sale: (3 more than last month)

  • Highest priced listing is unit PH4602 for $4,899,000 (4 bedrooms / 4.5 bathrooms) **developer unit
  • Lowest priced listing is unit 705 for $679,000 (2 bedrooms / 2 bathrooms)
  • Pending Sales (properties under contract): 4 (2 less than last month)
  • Closed sales in June: 2 (same as last month)

The 2 Paramount Bay Condos sold in June 2014 were the following:

  • Residence 4005 - 4 bedrooms / 4 bathrooms, 2694 sq.ft., decorator ready.  Originally listed in June of 2013 for $4.65 million, reduced to $4.2 M in September 2013, again in December 2013 to $3.95 M and finally selling for $3,100,000 ($1,151/sq.ft.)
  • Residence 2004 - 1 bedroom / 2 bathrooms, 1,240 sq.ft. finished floors and tenant occupied until August 2014.  Originally listed for $765,000 in November 2013, reduced to $749,000 in March 2014 and again in May to $715,000, finally selling at $700,000 ($565/sq.ft.)

The average price per square foot at Paramount Bay has been:

  • June - $858
  • May – $696
  • March 2014 – $603
  • February 2014 – $599
  • January 2014 – $602
  • 2013′s average for whole year = $596

Paramount Bay continues to be a top choice for buyers interested in Edgewater Miami.  We are talking just steps from Midtown Miami and Miami's Design District as well as Miami's Entertainment District and Downtown Miami.  Paramount Bay will always have direct bay views and every unit is flow-through in which to experience sunsets and sunrises. 

The finishes and amenities are top-notch and other buildings in pre-construction around it only aspire to be like Paramount Bay. The Miamism Sales Team specializes in Paramount Bay and can represent you in the sale or purchase of a condo.  Please contact us ParamountBay@Miamism.com

We prepare monthly market reports to keep you informed of sales stats at Paramount Bay. We are now also providing these quick services to help with your real estate needs:

CHECK YOUR CURRENT HOME VALUE

GET A FREE SELLER GUIDE NAME YOUR SELLING PRICE

For more information about this Miami condo building, take a look at  Paramount Bay Condos written after my visit in September of 2012.  You can also visit www.Paramount-Bay-Condos.com to go straight to source of information. For further information, please email us at ParamountBay@miamism.com

Condo Name:  Paramount Bay

Architecture:  Arquitectonica

Interior Design:  Lenny Kravitz

Location:  2020 N Bayshore Dr – Miami, FL 33137

Contact:  paramountbay@miamism.com


ines 22nd July, 2014

Paramount Bay Condos – Market Report for June 2014 http://t.co/02VG8ATFoP

Recent Posts

You asked and we delivered!  Our "how-to mojito" video was a bit outdated, granted....it was done in 2007.  So we changed some minor things and streamlined the process to be able to make more mojitos at a time.  And more... more

  • May 21, 2018

A common question we get asked is, "how's business?".  Depending on my mood, I go into detail, but always question if people ask as a formality and maybe don't want to hear details.  The question made me look back at our... more

I have been documenting Miami's momentum for some time and letting you know that it is no longer a thing of the future.  Miami's global power, its significance and impact are here to stay.  And of course I am a big fan of... more

Throwback to 2009 when I did some "on-location reporting" from our boat in Miami Beach. Please note that the home was demolished after the fire and lot sat untouched for years.  The empty lot was listed for $25 million on... more

Our Twitter

What is the Value of my Home?

Obtain a free personalized home pricing report.