Yesterday I visited the Paramount Bay condo located on Biscayne and 20th street. Honestly when it was first launched back in 2005 I thought the project had no chance of survival because the neighborhood was not ready for such a high end project. Well, 6 years have passed and Downtown is now 100% ready for such a beautiful condo. The project got an $18 million dollars redesign by Lenny Kravitz Design firm and the developer reduced the price by 35% to 40% to an average of $400/sqft.
All the units have magnificent bay views, 10 feet high ceiling and very wide balconies. The feature which I find adds the word luxury to the project is that every unit has a private elevator. Also, let me mention for the beach addicts that included in the price is a 3 years membership to the Eden Roc hotel and beach club. Unfortunately I wasn’t lucky enough to visit the pool and the gym since they are ongoing a facelift. However I can already tell you that you will be able to enjoy the sunrise and the sunset while swimming.
The units are very spacious since a 1 bedroom offers 1,214sqft of living area for a starting price point of $385,000. The 2 bedrooms are around 1,8000sqft and the price point is around $700,000. The 3 bedrooms start in the mid $700,000 to above $1M.
Last but not least, if you were thinking of buying an iPad, wait a little since the developer is offering one to every unit owner at closing.