Paramount on the Bay
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REHUB Miami
Condos for Sale & for Rent in Edgewater, Miami
2020 N Bayshore Dr, Miami, FL 33137
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UNITS346
STORIES47
YEAR BUILT2010
Building Amenities
About Paramount on the Bay
Paramount Bay, marketed as Paramount on the Bay, is a 47-story bayfront condominium tower at 2020 North Bayshore Drive in Edgewater, Miami, completed in 2012 by Royal Palm Communities after the project was revived from a stalled 2010 shell originally known as Edgewater Square. Arquitectonica designed the 554-foot tower with a curved bayfront massing, and Lenny Kravitz's Kravitz Design Inc. shaped the interiors, including the three-story 30-foot lobby with mahogany doors and a finish palette of wood, brass, bronze, and leather wall treatments. Paramount Bay delivers 346 residences with 10 penthouses, organized as one-bedroom homes from 1,128 to 1,246 square feet, two-bedroom from 1,128 to 2,996, three-bedroom from 1,679 to 1,842, and four-bedroom from 2,201 to 4,437 square feet, with penthouses to 5,173 square feet, 10-foot ceilings, and 8-foot-deep balconies. The site sits directly on Biscayne Bay between Margaret Pace Park to the south and Edgewater's waterfront block to the north, immediately across from the Venetian Causeway approach. Paramount on the Bay puts residents minutes from the Adrienne Arsht Center for the Performing Arts, the Perez Art Museum Miami, the Phillip and Patricia Frost Museum of Science, the Miami Design District, Wynwood Walls, Midtown Miami, and Downtown Miami, with quick access to Brickell, South Beach, and Miami International Airport. Residences open through floor-to-ceiling glass and private elevators to deep terraces with bay, ocean, and skyline orientations. The Kravitz-designed amenity podium includes a sunrise waterfront pool with multiple decks, cabanas, and verandas; a two-level glass-walled fitness center cantilevered over Biscayne Bay; a Pilates studio; men's and women's locker rooms with sauna and steam; and a full spa. Paramount Bay rounds out the program with a 40-seat private screening theater, a billiards room, multi-function party and club rooms, dedicated children's and teens' areas, an on-site car wash, and a residents' shuttle to the Eden Roc Renaissance Miami Beach, served by 24-hour concierge, valet, and security.
Available & Pending Condos at Paramount on the Bay
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FOR SALE
56
$5,850,000
4 BD
4.5 BA
4,437 sq ft
Paramount on the Bay · #PH4302
MLS-reported DOM: 0
FOR SALE
69
$4,750,000
4 BD
4.5 BA
4,055 sq ft
Paramount on the Bay · #PH 4702
MLS-reported DOM: 240
FOR SALE
59
$4,200,000
4 BD
4.5 BA
Paramount on the Bay · #3405-3406
MLS-reported DOM: 9
FOR SALE
40
$4,200,000
4 BD
4.5 BA
2,760 sq ft
Paramount on the Bay · #3708
MLS-reported DOM: 43
FOR SALE
85
$4,150,000
4 BD
4.5 BA
2,845 sq ft
Paramount on the Bay · #PH-4104
MLS-reported DOM: 219
PENDING SALE
66
$2,400,000
3 BD
3.5 BA
2,201 sq ft
Paramount on the Bay · #2702
MLS Status: Pending
MLS-reported DOM: 392
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Data provided by Miami MLS
The Team
Documents
Location
2020 N Bayshore Dr, Miami, FL 33137
Paramount on the Bay Floor Plans & Unit Mix
Published floor plans
Floor plans and unit details are subject to change. Contact us for the most current information.
Building Market Overview
Median closed price per square foot — the cleanest apples-to-apples value trend.
Based on closed sales over a trailing 90-day window. Updated daily.
Location
2020 N Bayshore Dr, Miami, FL 33137
More in Edgewater
Frequently Asked Questions About Paramount on the Bay
How much do condos at Paramount on the Bay cost?
Condos currently listed for sale at Paramount on the Bay range from $885K to $5.8M, per active MLS listings. Price within the building varies with floor, view, line, and condition.
What are rents at Paramount on the Bay?
Rental units currently listed at Paramount on the Bay run from $6,100 to $26,000 per month, per active MLS listings. Furnished units and shorter lease terms typically price at the upper end.
How many units are available at Paramount on the Bay right now?
Paramount on the Bay currently has 17 condos for sale and 8 rentals available on the MLS. Inventory updates daily as listings go active, pending, and closed.
How many units does Paramount on the Bay have?
Paramount on the Bay has 346 residences across 47 floors in Edgewater.
What have condos at Paramount on the Bay sold for recently?
23 recorded sales closed at Paramount on the Bay in the last twelve months, with a median sale price of $1,375,000 and a median of $852 per square foot. Individual results vary with floor, view, and condition.
Have values at Paramount on the Bay gone up or down since 2022?
Median closed price per square foot at Paramount on the Bay is up 5.4% versus 2022 — from $819 (29 sales in 2022) to $863 (36 sales since 2025). This is a building-level median and does not adjust for which floors or lines happened to trade.
What are the HOA fees at Paramount on the Bay?
Across 17 current listings at Paramount on the Bay, the median association fee is $2,734 per month, or about $1.55 per square foot per month. Fees scale with unit size, and this figure excludes any special assessment — ask the association for its reserve study and assessment history.
Does Paramount on the Bay allow short-term rentals?
No — annual leases only. Listing agents report a 12-month minimum lease at Paramount on the Bay, according to 25 current MLS listings. Rental rules are set by the condominium declaration and can be amended by the board, so verify against the current documents before buying for rental income.
Is Paramount on the Bay pet-friendly?
15 of 29 current listings at Paramount on the Bay report the pet policy as "allowed", which reads as pet-friendly. Size, breed, and count limits are common — confirm the current rule with the association before you buy.
When was Paramount on the Bay built?
Paramount on the Bay was completed in 2010. Ask the association for its current milestone inspection reports, structural integrity reserve study, and any outstanding assessments. Inspection deadlines depend on the certificate of occupancy and local requirements; the year built alone does not confirm a report's completion or when an inspection is due.