Miami Real Estate Miami Homes Miami Condos Miami Beach
17 Jan 2013

Over 90 Percent Of All Residences At The Paramount Bay In Biscayne Corridor Have Been Sold

Paramount Bay, the residential condominium tower located in the Biscayne Corridor
area of Miami, has recently announced that over 90 percent of all its residences have
finally been sold. There are now only 28 residences left remaining in its inventory.

Over the past couple of months, the residential condominium tower has seen such a
heavy amount of interest and activity coming in from local and domestic buyers that
are looking for the opportunity to become a part of the burgeoning community. It is
expected that the remaining residences will be sold within the first quarter of 2013.

One of the most significant factors which seems to have provided Paramount Bay
with such impressive success is the fact that the developers made it a point to hire
Kravitz Design Inc. for his powerful visual concept which has proven to be such a
strong influence in many of the condominium’s buyers.

Ever since Paramount Bay launched its sales in October of 2011, the development has
already made sales of over $260 million with even more transactions underway at the

According to Lenny Kravitz of Kravitz Design Inc., his vision for the residential
condominium tower would combine the natural beauty and energy of Miami into a
concept that would both inspirational and functional. His take on urban chic designs
alongside waterfront living has proven to be a truly effective approach which makes
Paramount Bay one of the most highly sought after real estate options in Downtown
Miami today.

More than half of all the purchases made came from within the United States, with up
to one-third of all sales coming in from property buyers within Florida. People from
New York, New Jersey, Texas, and Connecticut are also among the top buyers of the
residences found within Paramount Bay while Latin Americans make up for a third of
all owners within the residential condominium tower.

The past year has definitely been a great success for Paramount Bay. Its developers
are very proud to have been able to provide property buyers with such an outstanding
selection of high-rise condominium options that continue to contribute to the overall
appeal of the Biscayne Corridor community.

As of the moment, there are only three of eleven penthouse properties available at the
Paramount Bay. Each one contains the finest finishes along with expansive terraces
that showcase stunning views of the surrounding areas.

Remaining residences at Paramount Bay are currently available for starting prices of
$3.7 million for penthouses, $770,000 for fully-furnished one-bedroom residences
with waterfront views, $720,000 for two-bedroom residences with waterfront views,
and $459,900 for townhomes found within the residential condominium tower.

You may contact our team of professional real estate agents for more information
regarding Paramount Bay and its remaining residences, or if you are interested in

learning more about other high-rise condominium options that are currently being
offered on today’s property market.

Selda Kirkan
phone: +1.954.3056424