Five-star Quality at Paramount Bay
New Downtown Miami Condos Ready for Occupancy Now
October 28, 2011
Joel Greene here from Condo Hotel Center. Last week I told you about a downtown Miami preconstruction opportunity. MyBrickell condo was to be built and ready for occupancy by the end of 2013.
While buying in the preconstruction stage can offer great savings, and many of you were excited to take advantage of that situation, I also received numerous calls last week from people who didn’t want to wait until 2013. They want their Miami condo NOW!
So for them, and for you, that’s what I have today.
Paramount Bay, Open & Operating
Paramount Bay is a luxurious waterfront condominium tower rising 47 stories along Biscayne Bay. It has a total of 346 condominiums. The building’s striking and iconic architecture makes it an instant landmark on Miami’s skyline.
Now here’s the back story on this property. The condos were completely sold out in 2006 during early preconstruction phase. However, by summer 2009, when construction was complete, the real estate market had crashed and most of the buyers, who were investors, never closed on their condos.
The property has since changed hands and has just become newly available this week. Even while residents are moving in now, the new owners are investing $18 million in improvements, most of which are taking place to the common areas like the pool deck, fitness center, porte cochere entryway, landscaping and business lounge.
Paramount Bay is the last great buying opportunity for newly-built, five-star condo living in Miami. And while the condos are not inexpensive, reflecting their upscale quality, the prices are reduced from their 2006 level by as much as 35-40%.
Paramount Bay offers a lifestyle comparable to what you’d find at an ultra-luxurious resort. Amenities include:
- Grand lobby with 30-foot high ceilings & individual elevator banks
- Lushly landscaped entrance with fountain & iconic porte cochere
- Grand Club Room with full kitchen & entertainment systems
- Main pool deck with 91-foot-long pool, cabanas & outdoor games
- A second private sunrise waterfront pool
- Two-story 6,000-square-foor spa
- Fitness center with state-of-the-art equipment, sauna & steam
- Business lounge with video conferencing & private meeting space
- Separate teen & children’s area with live view webcams
- Pedestrian streetscape with shops & outdoor café
- Wireless high-speed Internet throughout common areas
- Pet-friendly environment
Condo services include:
- Valet and assigned covered parking
- 24-hour security with video surveillance
- On-site concierge
- On-site car wash service
- Shuttle service to Eden Roc Renaissance Miami Beach on weekends
Special Buyer Incentives
Downtown Miami offers something for everyone: culture, shopping, restaurants, entertainment and more.
Paramount Bay also offers its residents something else. They get an exclusive Social Membership at the legendary and newly renovated Eden Roc Renaissance Miami Beach. This luxury resort’s private beach club includes beach access, water sports, pools, renowned restaurants and Camp Roc, providing supervised activities for children.
Similarly, Paramount Bay residents can enjoy the fabulous nightlife at the popular Delano Hotel on Miami Beach, where their VIP privileges include access for four and 15% discounts off VIP table and bottle service, just in case you want to share a bottle of the good stuff with your favorite friendly realtor.
Ready for Occupancy
Paramount Bay has a total of 346 over-sized condominiums, all of which face both east and west and have panoramic direct water views. With their flow-through design, they give each owner the feeling of having no neighbors and the ability to enjoy watching the sun rise and set from the big terraces on both the east and west sides of the condo.
Available are first class, over-sized, decorator ready, one-, two- and three-bedroom residences as well as several townhomes and magnificent penthouses. They range in size from 1,214 to 4,437 square feet.
Prices for Paramount Bay condos start at $392,000 and go up to $3,684,900. Closings can take place within 30-60 days.
Want to know more? I’ve put together a detailed data sheet, yours for the asking. You’ll just need to provide your name and contact information as required by the seller.
Other Florida Condos
If Paramount Bay isn’t in your price range, I’ll remind you again of MyBrickell also in downtown Miami, which is offering condos in this preconstruction phase starting at $178,000. You can also view other Florida condos here and all of our other available properties here.
As always, we appreciate your interest in the properties we showcase. Have a great day!
Licensed Real Estate Broker
Condo Hotel Center
1368 NW 165th Ave.
Pembroke Pines, FL 33028
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© Copyright 2011 Condo Hotel Center
*All rights reserved. No portion of this Property Alert may be reproduced, exhibited or distributed without the express written permission of Condo Hotel Center. Although Condo Hotel Center believes the information contained in this Property Alert to be accurate and complete, Condo Hotel Center can make no such guarantee.