Paramount Bay Condos For Sale & Rent

Paramount Bay Condo Condo Overview

Paramount Bay Condo is a Downtown Miami condo building at 2020 Bayshore Dr in Downtown, Miami. Built in 2010, the property has 47 stories and 346 residences. Buyers usually compare bay or skyline views, transit access, parking, rental rules, building amenities, and proximity to offices, arenas, parks, and dining.

Paramount Bay Condo Condos for Sale

Paramount Bay Condo condos for sale should be compared by bay, river, or skyline exposure, floor height, layout, interior condition, parking, rental flexibility, and monthly fees. Buyers should review recent comparable sales, view quality, interior condition, parking, monthly fees, building rules, reserves, and insurance considerations before deciding how a listing is positioned.

Paramount Bay Condo Rentals and Rental Policy

Rental policy currently shows a long-term rental setup, a 90-day minimum rental term and up to 3 rentals per year. Buyers should verify association rules, approval timing, lease fees, taxes, city requirements, and current restrictions before relying on projected income.

Amenities and Building Details

The building was designed by Arquitectonica and developed by Istar Residential. The building is pet-friendly. Buyers should review amenities, parking, security, reserves, insurance considerations, association rules, and monthly fees with the specific residence. Residents have access to heated infinity-edge and sunrise/sunset swimming pools, luxe cafes and restaurants at Edgewater Square, and private wellness facilities, including saunas and steam rooms. Additional amenities include a private 40-seat movie theater, a full-service bar with a lounge, a clubroom with a kitchen and big-screen TV, a billiards table, and a two-level fitness center with bay views. The spa, children's playroom, teens' game room, full-service concierge, and complimentary valet parking further underscore the commitment to luxury and convenience. Each unit is equipped with an in-unit washer and dryer and features top-of-the-line kitchen appliances, blending functionality with luxury.

What to Compare Before Buying at Paramount Bay Condo

Compare active condos for sale, active rentals, recent sales, view quality, unit condition, monthly fees, parking, rental rules, pet policy, and Downtown Miami access. It is also useful to compare Paramount Bay Condo with nearby buildings and area pages such as Edgewater and Miami.

Market Context

Paramount Bay Condo has completed-year closed-sale history from 2017 through 2025 in the market statistics, with 185 recorded condo sales, or about 21 sales per year. That gives buyers a useful resale sample, but individual unit differences still need to be adjusted carefully. The busiest year in the series was 2021 with 45 sales, while the quietest was 2017 with 12. Recent completed-year sales volume is below the long-term average. The gap between the busiest and quietest years also shows why buyers should separate building demand from broader market-cycle timing.

The completed-year price-per-square-foot history for Paramount Bay Condo ranges from about $553/sqft to $913/sqft, with an average near $752/sqft across the years shown. That range gives buyers room to separate stronger lines and renovated units from more ordinary comparisons. The last completed year in the series is higher than the first, moving from $623/sqft in 2017 to $913/sqft in 2025. The recent completed-year price-per-square-foot average is above the long-term average. Average closed price over the same completed-year period was about $1,181,572, but that number should be read by bedroom count, size, view, and renovation level.

Bedroom-level statistics also help explain value at Paramount Bay Condo: 3 Beds and 2 Beds units have the broadest historical comparison set, while 4 Beds+ around $3,120,833 and 3 Beds around $1,524,895 represent the higher average closed-price tiers in the chart data. Because that segment appears across several years, it is more useful as a comparison base than a one-off sale. Buyers should compare units within the same bedroom count before deciding whether a listing is expensive or well positioned. Paramount Bay Condo also has long-term rental positioning with a 90-day minimum lease and up to 3 rentals per year, which should be read together with the long-term sales data. That points to a more traditional ownership profile, so long-term tenant quality, association approvals, and carrying costs matter more than short-stay turnover.