Paramount Bay Condos – Market Report for February 2014

Paramount Bay Condos Real Estate Market Report

There are currently 31 Paramount Bay Condos for sale: (same as last month)

• Highest priced listing is unit PH4602 for $4,899,000 (4 bedrooms / 4.5 bathrooms)
• Lowest priced listing is loft unit 705 for $699,000 (1 bedrooms / 2 bathrooms)
• Pending Sales (properties under contract): 6 (4 less than last month)
• Closed sales in February: 3 (compared to 2 in January)

The 3 Paramount Bay Condos sold in February 2014 were the following:

• unit 2108 – listed for $690,000 and selling for $677,000 ($612/sq.ft.)
• unit 2404 – listed for $739,000 and selling for $705,000 ($568/sq.ft.)
• unit 2709 – listed for $749,500 and selling for $749,500 ($617/sq.ft.)

The average sold price per square foot in February of 2014 for $599, compared to January’s average of $602, and 2013′s average of $596. The demand continues to increase in the Edgewater area of Miami and Paramount happens to be the number one choice for design, luxury and amenities if pre-construction is not your thing. 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.

Featured Paramount Bay Condo for Sale

Paramount Bay Penthouse 4005 – There are not many condos with magnificent terraces, so this penthouse will leave you in awe.  It has it’s own private elevator that takes you to a 5,800 square foot residence with 4 bedrooms and 4 and a half bathrooms.  It’s a flow-through unit running east-west and has an open 2,900 square foot terrace where you will be able to enjoy sunrises and sunsets without obstructions.  It sits  on Biscayne Bay with direct water views, views of Miami Beach as well as downtown Miami skyline.  It is decorator ready waiting for your finishes of choice. Priced at $3,950,000 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