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Don’t miss out on this rare opportunity to own a true trophy penthouse at Paramount Bay offering breathtaking panoramic views of Biscayne Bay, the Atlantic Ocean, & the Miami skyline. This expansive residence features an exceptional indoor-outdoor lifestyle w/more than 2, 200 SF of terrace, ideal for entertaining & sunset dining. It has been extensively renovated with a modern, elevated design, featuring 10 ft floor-to-ceiling glass, linear diffusers, dropped & lit ceilings, & seamless flow. The sleek modern kitchen showcases oversized Sub-Zero refrigerator/freezer, full size wine fridge, 2 Wolf ovens, built-in coffee maker, island top Wolf range, & custom cabinets open to generous living & entertaining spaces flooded w/natural light. The primary suite is a spa-like retreat with stunning water views, walk-in closet, luxurious ceiling mounted rainfall shower, soaking tub, & dual vanity. A private rooftop terrace with a built in plunge pool, pergola, and outdoor kitchen sets this residence apart as one of the most luxurious penthouses in Miami. Resort quality amenities include 2 pools w/towel service, whirlpool, cabanas, & BBQs; fitness center w/weights, cardio, pilates reformer equipment, instructors, massage, steam room, & sauna; kid/teen rooms; billiards; banquet rooms; conference rooms; & comprehensive onsite staff, front desk services, maintenance, & valet parking. Enjoy close proximity to Margaret Pace Park, Design District, Wynwood, & Miami Beach!
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$4,300,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $3,440,000 | $3,440,000 | $3,440,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.277% | 6.110% | 6.183% |
| Monthly Tax Payment | $4,277 | $4,277 | $4,277 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $20,349 | $20,625 | $29,029 |
| Total Monthly Payment | $24,750 | $25,026 | $33,430 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.