Edgewater Miami Luxury Condo Tower Guide - Updated October 2026
Paramount Bay Miami Edgewater Luxury Condos & Real Estate
Paramount Bay is a 47-story luxury waterfront condominium tower located at 2020 N Bayshore Drive in Edgewater, Miami (zip code 33137)[cite: 1]. Featuring 347 residences spanning 1,214 to 4,437 square feet[cite: 1], the Arquitectonica-designed tower includes Kravitz Design interiors, direct private elevator access, and views of Biscayne Bay[cite: 1].
Compare active Paramount Bay listings, price per square foot benchmarks, HOA maintenance fees, and Margaret Pace Park access with Edgewater specialist Marcelo Steinmander[cite: 1].
Arquitectonica Design & Kravitz Interiors
Waterfront Resort Amenities & Urban Connectivity
Paramount Bay represents one of Edgewater's premier waterfront residential towers[cite: 1]. Designed by renowned architectural firm Arquitectonica with public spaces and poolside cabanas curated by Kravitz Design (led by musician Lenny Kravitz)[cite: 1], the 47-story glass tower overlooks Biscayne Bay and Margaret Pace Park[cite: 1].
Each residence includes private high-speed elevator foyers, 10-foot ceilings, deep glass-railed terraces, and flow-through floor plans[cite: 1]. Situated on North Bayshore Drive, Paramount Bay provides immediate walking access to the Wynwood Arts District, Miami Design District, and the Julia Tuttle Causeway to South Beach[cite: 1].
Tower Features
Primary Residence & Amenity Highlights at Paramount Bay
Paramount Bay combines resort-style amenities with private residential infrastructure across 47 floors[cite: 1]:
Private Elevator Entry & Flow-Through Layouts
Private high-speed elevator foyers open directly into 1 to 5-bedroom residences (1,214 to 4,437 sq ft) with floor-to-ceiling glass and deep terraces[cite: 1]. View Available Floor Plans →
Dual Heated Pools & Kravitz Cabanas
Features a grand waterfront pool deck with infinity pool, poolside bar, private cabanas, and a separate sunset pool for evening relaxation[cite: 1]. Explore Wellness Amenities →
High-Tech Fitness Center & Spa
State-of-the-art wellness facility featuring cardio and strength equipment, Pilates/yoga studios, treatment rooms, and steam/sauna facilities[cite: 1]. Request Building Fact Sheet →
24/7 Security, Valet & Margaret Pace Park Access
Gated community access, 24-hour security, concierge services, and direct access across to 8-acre waterfront Margaret Pace Park[cite: 1]. Compare Edgewater Submarkets →
Building Benchmarks
Paramount Bay Condo Fact & Specification Matrix
A multi-variable breakdown of pricing, unit sizes, HOA fees, and location benchmarks for 2020 N Bayshore Drive[cite: 1]:
Building Specification | Paramount Bay Benchmark Metric | Edgewater Submarket Context |
|---|---|---|
Address & Location | 2020 N Bayshore Dr, Miami, FL 33137[cite: 1] | Waterfront North Bayshore corridor opposite Margaret Pace Park[cite: 1] |
Tower Height & Units | 47 Stories / 347 Total Residences[cite: 1] | Mid-density luxury glass tower built in 2011[cite: 1] |
Unit Floor Plan Range | 1 to 5 Bedrooms (1,214 to 4,437 sq ft)[cite: 1] | Flow-through layouts with direct private elevator entry[cite: 1] |
Resale Price Range | $850,000 to $4,500,000+ | Competitive price-per-sq-ft valuation ($700–$1,100/sq ft) |
Architect & Interior Designer | Arquitectonica & Kravitz Design[cite: 1] | Triple-height lobby & waterfront resort pool deck[cite: 1] |
HOA Maintenance Fees | ~$0.95 – $1.15 / sq ft monthly | Includes 24/7 security, cable, internet, pools, gym & reserves |
Rental & Lease Policy | Minimum 6-Month Lease (Max 2x per year) | Protects residential quiet enjoyment; no short-term Airbnb rentals |
Sources: Paramount Bay Condo Association, City of Miami Building Dept, HIS MLS 2026[cite: 1].
Location Logistics, Transit & Nearby Cultural Anchors
Key operational and neighborhood highlights for prospective Paramount Bay buyers[cite: 1]:
- Margaret Pace Park Access: 1745 N Bayshore Dr, Miami, FL 33132 - 8-acre waterfront park with tennis courts, dog parks, and walking paths situated directly across the street[cite: 1]
- Miami Design District Proximity: 3841 NE 2nd Ave, Miami, FL 33137 - luxury fashion boutiques and fine dining located 5 minutes north[cite: 1]
- Wynwood Arts District Access: 2520 NW 2nd Ave, Miami, FL 33127 - art galleries, murals, and craft dining 5 minutes west[cite: 1]
- Perez Art Museum Miami (PAMM): 1103 Biscayne Blvd, Miami, FL 33132 - world-class museum and Frost Science Museum 3 minutes south[cite: 1]
- Julia Tuttle Causeway Access: Direct I-195 ramp 3 minutes north providing a 10-minute drive to South Beach[cite: 1]
Internal Navigation
Related Edgewater & Miami Luxury Condo Guides
Frequently Asked Questions
Paramount Bay Edgewater FAQ
Where is Paramount Bay located in Miami?
Paramount Bay is located at 2020 N Bayshore Drive in the Edgewater neighborhood of Miami, Florida 33137, directly across from Margaret Pace Park and Biscayne Bay[cite: 1].
Who designed Paramount Bay?
Paramount Bay was designed by world-renowned architecture firm Arquitectonica, with public interiors and pool cabanas designed by Kravitz Design (led by Lenny Kravitz)[cite: 1].
How many units and floors are in Paramount Bay?
The 47-story tower contains 347 luxury residences ranging from 1,214 to 4,437 square feet, featuring private elevator foyers[cite: 1].
What amenities are offered at Paramount Bay?
Amenities include two heated pools, private cabanas, high-tech fitness center, full-service spa, 24/7 security, valet parking, concierge services, and a clubhouse[cite: 1].
Are short-term rentals permitted at Paramount Bay?
No, Paramount Bay enforces a minimum 6-month lease policy (maximum twice per year) to maintain residential privacy and security[cite: 1].
Marcelo Steinmander | Marcelo Steinmander Group at BHHS EWM Realty
Edgewater & Miami Luxury Condo Specialist | FL License #3284910
Marcelo Steinmander is a premier Miami luxury real estate advisor specializing in waterfront condominiums and luxury developments across Edgewater, Downtown Miami, Brickell, South Beach, and Coconut Grove[cite: 1]. Office: 350 S Miami Ave, Miami, FL 33130[cite: 1].
Edgewater Condominium Advisory
Talk to a Paramount Bay Real Estate Specialist
Planning to buy or sell a condo at Paramount Bay or in the Edgewater Miami neighborhood? Contact Marcelo Steinmander for expert guidance[cite: 1].
