Home > Blogs > Sep Niakan > Miami Condos - Paramount Bay Condos

May 2008 Miami Foreclosure and Distressed Property Deals

By Sep Niakan

Real Estate Agent with HB Roswell Realty BK3102146

May 26, 2008 12:47 PM


	Sep Niakan sniakan@colfaxrealty.com 305-725-0566

Miami Condos Are Affordable Again!

Foreclosure and Bank-owned units at big discounts
35-70% price drops from peak prices on select units

All this while Miami is becoming a more exciting place every day: huge urban growth in business, arts, entertainment, restaurants, shopping and more.

Sep Niakan’s Hand-picked Hot Properties

Miami Beach

South Beach / SOFI

5600 Condo. Fully renovated in 2001.
Status	bed/bath	price	ft2 (m²)
Available	2/2	$430,000	1200 (112)
Incredible Water Views. Ocean Access.
Sold	2/2	$200,000	1190 (111)
Intracoastal Front. Boat docks available.
Sold	2/2	$400,000	1200 (112)
Incredible Water Views. Ocean Access.

The Cosmopolitan. 110 Washington Ave. Built 2004.
Status	bed/bath	price	ft2 (m²)
Avail.	2/2	$429,900	1010 (94)
Incredible finishes. FORECLOSURE.
Sold	2/2	$445,000	1196 (111)
City View
Pending	2/2	$374,900	1010 (94)
Partial Oceanviews. FORECLOSURE

South Beach

Mirador South Beach. Newly renovated.
Status	bed/bath	price	ft2 (m²)
Available	1/1	$154,500	619 (58)
Bay view. FORECLOSURE
Sold	1/1	$186,000	837 (78)
Bay view. FORECLOSURE
Pending	1/1	$189,000	837 (78)
Bay view.

The Floridian. Miami Beach. Built 1997
Status	bed/bath	price	ft2 (m²)
Available	1/1	$315,000	687 (64)
Direct bay views.
Pending	2/2	$364,900	1078 (100)
City views.
Sold	3/2	$517,000	1234 (115)
Breathtaking bay and skyline views from the 28^th floor

South Beach / SOFI

Downtown Miami

Portofino Tower. 300 South Pointe Drive. Built 1996.
Status	bed/bath	price	ft2 (m²)
Available	2/2	$1,300,000	1780 (165)
Garden view. Ocean view.
Sold	2/2	$1,450,000	2040 (190)
Designer furnitured. Direct ocean view.

One Miami. Downtown Miami. Built 2005.
Status	bed/bath	price	ft2 (m²)
Available	1/1	$214,900	868 (81)
Nice finishes. Beautiful bay views. FORECLOSURE.
Available	2/2	$372,500	1169 (109)
Owner motivated. Bay View.
Sold	1/1	$255,000	868 (81)
High floor. Panoramic bay and views.
Sold	2/2	$370,000	1227 (114)
FORECLOSURE. Intracoastal view

ATTENTION BUYERS
The properties I am presenting in this e-mail represent the best deals I have found in the current market. However, if you are looking for something different for your second home or investment,

, and I will find it for you.

Brickell Key

Brickell

Isola Residences at Brickell Key Renovated in 2003
Status	bed/bath	price	ft2 (m²)
Available	2/2	$239,900	1065 (99)
Waterfront w/ Bay views, Island living, FORECLOSURE.
Pending	1/1	$181,500	670 (62)
Incredible direct bay views

Four Ambassadors at Brickell Built in 1970s
Status	bed/bath	price	ft2 (m²)
Available	2/1.5	$160,000	990 (92)
Waterfront, in the heart of Brickell, FORECLOSURE

Brickell

The Club at Brickell. Built 2005.
Status	bed/bath	price	ft2 (m²)
Available	1/1	$169,900	778 (72)
Open Balcony. Partial bay view. FORECLOSURE
Available	2/2	$259,000	1030 (96)
Partial bay view. FORECLOSURE
Pending	1/1	$174,900	825 (77)
Open Balcony. Partial bay view. FORECLOSURE
Pending	2/2	$219,900	1030 (96)
Partial bay view. Large balcony. FORECLOSURE

Jade Residences. Ultra-luxury. Built 2005.
Status	bed/bath	price	ft2 (m²)
Available	1/1	$269,900	895 (83)
Oversized Balcony. FORECLOSURE
Available	2/2	$654,900	1460 (136)
One of the most exclusive Buildings in Brickell
Pending	1/1	$335,000	895 (83)
Oversized Balcony. FORECLOSURE
Sold	2/2	$785,000	1460 (136)
Luxurious finishes.

ATTENTION BUYERS
The properties I am presenting in this e-mail represent the best deals I have found in the current market. However, if you are looking for something different for your second home or investment,

, and I will find it for you.

Brickell

Vue at Brickell. Built 2004.
Status	bed/bath	price	ft2 (m²)
Available	1/1	$159,900	783 (73)
Sunset views. FORECLOSURE.
Sold	2/2	$220,000	1069 (99)
Big Reduction! Partial Bay View.
Sold	2/2	$235,000	1069 (99)
City View
Pending	2/2	$229,900	1255 (117)
Corner Unit. Bay View

The Mark on Brickell. Built 2001.
Status	bed/bath	price	ft2 (m²)
Available	2/2	$324,900	1140 (106)
High floor. Unobstructed water views.
Available	3/2	$399,000	1470 (137)
Corner unit. Spacious. Wood floors. Partial bay views.
Pending	2/2	$349,900	1200 (111)
Corner Unit. Unobstructed water views.
Sold	3/2	$320,000	1470 (137)
Corner Unit. Spacious. Partial bay views.

Art District / Edgewater

Quantum on the Bay. 1900 N Bayshore Dr.
Status	bed/bath	price	ft2 (m²)
Available	1/1.5	$230,000	790 (73)
Partial bay view plus downtown views.
Sold	1/1.5	$205,000	790 (73)
Partial bay view plus downtown views.

Cite on the Bay. 2000 N Bayshore Dr.
Status	bed/bath	price	ft2 (m²)
Available	3/2	$410,000	1398 (130)
Loft-style unit w/ high floors and private bedrooms.
Available	1/1	$185,000	707 (66)
Loft-style unit with private bedrooms. Nice finishes.
Sold	1/1	$297,500	739 (69)
Direct bay views
Sold	2/2	$275,000	1156 (107)
Penthouse unit. Direct bay views.

ATTENTION BUYERS
The properties I am presenting in this e-mail represent the best deals I have found in the current market. However, if you are looking for something different for your second home or investment,

, and I will find it for you.


	Sep Niakan Lic. Real Estate Broker Associate Colfax Realty Group, Inc 305-725-0566 sniakan@colfaxrealty.com

Most of the properties listed in this e-mail are taken from the Southeast Florida MLS and are not listings of Colfax Realty Group, Inc. Colfax Realty Group, Inc makes no representation or warranty as to the accuracy of the information taken from the MLS.

* The word "Discount" is referring to the difference in prices now as compared to the peak of the market.