# Paramount Bay

As of 2026-10-30, Paramount Bay in Edgewater has 15 units for sale at a median asking price of $2.19M ($1,068/sqft); 24 units sold in the last 12 months.

Paramount Bay is a luxury waterfront condominium in the Edgewater neighborhood of Miami.

## Key facts

| | |
|---|---|
| Address | 2020 N Bayshore Dr |
| Neighborhood | Edgewater |
| Year built | 2011 |
| Floors | 47 |
| Units | 338 |
| Waterfront | yes |
| Developer | Royal Palm Companies |
| Architect | Arquitectonica |
| For sale | 15 |
| Pending | 2 |
| Median asking price | $2,190,000 |
| Median asking $/sqft | $1,068/sqft |
| Sold, last 12 months | 24 |
| Median sold $/sqft, 12 months | $859/sqft |
| Months of inventory | 7.5 |
| Median HOA | $2,734/mo |
| Parking | The building offers valet parking and some units include assigned garage spaces. |

## Own Miami measures

- **own.miami Building Score: 59 (B)**
  - Value: 20 — $1,068/sqft — vs. Edgewater condos, then all of Miami
  - Momentum: 21 — -9.0% $/sqft over 6 months
  - Liquidity: 60 — 7.5 months of supply · 74 days on market
  - Health: 100 — Verified records on file — nothing adverse
  - Waterfront: 90 — Waterfront building
  - Age: 63 — Built 2011 — vs. Edgewater buildings
- **Own Miami Condo Index: 136** (above_market; 100 = the market-median building, 200 = twice its $/sqft; rank 182 of 698 tracked Miami condos)
- **Financeability Index: 76** (strong; 12-month window, 23 recorded mortgages, 65% of sales bank-financed, lowest down payment 20%, as of 2026-10-31)
- Special-assessment outlook: clear (next structural milestone inspection due 2036)

## Building health (verified public records)

- Public records checked 2026-10-30: no liens, lawsuits or regulatory complaints found
- positive: Bank financing — Regulated lenders recorded 21 purchase or refinance loans on this building in the last 12 months, financing 65% of its recorded sales, and accepted a down payment as low as 20%. A bank writing a condominium loan has just checked the building's reserves, insurance, litigation and owner-occupancy against its own standards — verified due diligence, read from the public record. Financeability Index 76/100. (2026-10-31)
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months) (2026-09-21)

## Frequently asked questions

**How much do condos at Paramount Bay cost?**

There are 15 condos for sale at Paramount Bay, from $885,000, with a median asking price of $2,190,000 ($1,068/sqft).

**How much are the HOA fees at Paramount Bay?**

HOA / maintenance fees at Paramount Bay run around $2,734 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

**Is Paramount Bay a waterfront building?**

Yes — Paramount Bay is a waterfront building (Edgewater).

**When was Paramount Bay built?**

Paramount Bay was built in 2011, 47 stories, 338 residences.

**Who developed Paramount Bay?**

Paramount Bay was developed by Royal Palm Companies and designed by Arquitectonica.

## Related pages

- [Edgewater — neighborhood guide](https://own.miami/edgewater)
- [All units for sale at Paramount Bay](https://own.miami/buildings/paramount-bay/for-sale)
- [Gran Paraiso](https://own.miami/buildings/gran-paraiso)
- [Paraiso Bay](https://own.miami/buildings/paraiso-bay)
- [Biscayne Beach](https://own.miami/buildings/biscayne-beach)
- [One Paraiso](https://own.miami/buildings/one-paraiso)

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Source: Own.Miami — https://own.miami · data as of 2026-10-30
Canonical page: https://own.miami/buildings/paramount-bay
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
Methodology: https://own.miami/methodology · For AI assistants: https://own.miami/for-ai