Real Estate Recovery Driving Miami Condos Buying Frenzy

by Isaac Benmergui, Esq on February 27, 2013

YachtIf you needed any indication of the real estate recovery and frenzied pace of Miami condo sales, look no further than the Paramount Bay units along the Biscayne Corridor. In January, 28 units remained. As of February 25, only 16 units were available, and the last unit went for $4.2 million.

Even as a relatively new tower, Paramount Bay has garnered more than $260 million in sales. If a buyer has the luxury tower on his or her short list for a new home, the time would be now to make an appointment to view the property. Paramount Bay is within close proximity to restaurants, shops, and entertainment. The 10-foot high ceilings and floor to ceiling glass walls offer scenic view of the bay and city.

Condos aren’t the only properties selling at a record pace in Miami, mega mansions selling for double digits with 10,000 square footage are being picked off as soon as they are listed with the bay waterfront a popular site for buyers looking for the perfect blend of sea and extravagant properties.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email for more information or to set up an appointment today.



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