Paramount Bay
Edgewater's OG ultra-luxury tower. Arquitectonica design, Lenny Kravitz interiors, a private cove, and the kind of views that made people take Edgewater seriously. Still the building to beat in the neighborhood.
The Rundown
Paramount Bay is a 47-story luxury condominium completed in 2010 at 2020 N Bayshore Drive in Edgewater. Developed by Royal Palm Communities and designed by Arquitectonica with interior common areas by Lenny Kravitz's Kravitz Design, it was the building that put Edgewater on the luxury map. With approximately 350 residences, Paramount Bay was built to a standard significantly higher than most of its contemporaries, featuring expansive floor plans, premium finishes, and a comprehensive amenity package that includes a resort-style pool deck, state-of-the-art fitness center, spa, and waterfront promenade. The building sits on its own private cove along Biscayne Bay, giving it a sense of seclusion that is rare in Edgewater. The curved Arquitectonica facade has become one of the most recognizable silhouettes on the Edgewater skyline. While the building is now approaching 15 years old and the finishes reflect 2010 design sensibilities, the construction quality and ongoing maintenance have kept Paramount Bay in notably better condition than most buildings of its era.
Paramount Bay is the OG ultra-luxury building in Edgewater, and it still deserves that title. When this building went up, it was a statement: Arquitectonica design, Lenny Kravitz interiors, a private cove on Biscayne Bay, and floor plans that were genuinely luxurious, not just marketed as such. Fifteen years later, the building has held up remarkably well. The construction quality is a clear cut above the recession-era buildings around it. The views are still among the best in the neighborhood. The private cove still gives it a sense of seclusion that no other Edgewater building can match. Yes, the finishes are showing their age, and a renovation cycle is coming. Yes, you pay a premium that is significantly higher than Quantum, 1800 Club, or Aria. But you are getting a genuinely superior product. The floor plans are bigger. The amenities are better. The build quality is higher. The ownership base is more invested. If you are shopping Edgewater and your budget allows it, Paramount Bay is the building to beat. It set the standard for luxury in this neighborhood, and while newer towers are closing the gap, it has not been surpassed.
✦ Ask Chris AI about Paramount BayThe Good
- Iconic Arquitectonica design with Lenny Kravitz-designed common areas
- Private cove and waterfront promenade unmatched in Edgewater
- Spectacular views from virtually every unit, including downtown, bay, and beach
- Generous floor plans significantly larger than newer luxury buildings
- Built to a higher construction standard than most buildings of its era
- Comprehensive amenity package including spa, screening room, and wine cellar
- On-site retail shops and restaurants add convenience
- More invested ownership base contributes to better building atmosphere
The Trade-offs
- Significant price premium over other Edgewater buildings for both purchase and rental
- Finishes and common areas reflect 2010 design, renovation cycle approaching
- Higher HOA fees reflect the premium amenity package and building maintenance
- Edgewater location still developing, not as established as Brickell or Miami Beach
- Bayshore Drive flooding affects the area during heavy rain and storms
- 30-year recertification approaching with potentially significant costs
- Slightly further from Metromover than buildings near Margaret Pace Park
Who Lives Here
Paramount Bay attracts a more affluent and established demographic than most Edgewater buildings. You will find successful professionals, entrepreneurs, and international buyers who chose Edgewater for the views and value relative to Brickell or Miami Beach but still wanted a luxury product. The Lenny Kravitz design connection attracts a creative and design-conscious crowd. There is less of the transient rental population that characterizes buildings like Quantum or Opera Tower. Owners here tend to be more invested in the building and the community, which contributes to the better maintenance and overall atmosphere.
The Neighborhood
Paramount Bay occupies a prime position in Edgewater on its own private cove along Biscayne Bay. The building is slightly north of the Margaret Pace Park cluster, giving it a more secluded feel while still being within walking distance of the neighborhood's amenities. Edgewater continues to transform with new luxury developments, restaurants, and retail, and Paramount Bay's location positions it well to benefit from the neighborhood's ongoing evolution.
Private Cove & Promenade
Paramount Bay's own waterfront cove with walking promenade and bay access.
Margaret Pace Park
Premier bayfront park with tennis courts, basketball, volleyball, dog park, and waterfront jogging path.
Publix Supermarket
Full-service grocery store on Biscayne Boulevard.
Metromover Station
Free automated transit connecting to Downtown, Brickell, and the Omni area.
Biscayne Boulevard shops and restaurants
Growing restaurant and retail scene along Edgewater's main corridor.
◆ What's Changing
Paramount Bay's position as Edgewater's premier luxury address is being challenged by newer developments like the Paraiso towers and upcoming projects. However, the building's private cove, iconic Arquitectonica design, and generous floor plans give it advantages that newer but smaller-unit buildings cannot replicate. The neighborhood around it continues to develop, which should support property values long-term. The building's main challenge is maintaining its premium positioning as it ages and newer competition enters the market.
What You Get
Fitness & Wellness
- ✓State-of-the-art fitness center
- ✓Full-service spa
- ✓Sauna and steam rooms
- ✓Yoga and pilates studio
Pool & Outdoor
- ✓Resort-style pool deck with bay views
- ✓Waterfront promenade
- ✓Private cove and marina access
- ✓BBQ and outdoor entertaining areas
- ✓Sun deck
Social & Entertainment
- ✓Lenny Kravitz-designed lobby and common areas
- ✓Residents lounge
- ✓Business center
- ✓Private screening room
- ✓Wine cellar
- ✓Party room
Building Services
- ✓24/7 front desk and security
- ✓Valet parking
- ✓Concierge services
- ✓Package receiving
- ✓On-site retail shops
Elevator Experience
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