Thursday, May 21, 2015

Paramount in Fort Lauderdale Florida

 As you know, the pricing at Paramount right now is below what other oceanfront pre construction properties are offering in the area on a per square foot basis, so I certainly anticipate a price increase in the future. Spring/early summer tends to be a little bit of a slower time if Ft. Lauderdale as the mad rush for peak season wanes so we have opted to keep the prices where they are to keep the fantastic momentum we had in season going into the summer, but we won’t keep them here forever. We are now approaching 65% sold so the developer will increase them at some point soon. The best strategy to get the best deal is to move quickly and secure one of the units we still have available with great views before a price increase occurs or the selection of units isn’t as favorable. Waiting is certainly not going get you a better price. The units are selling at the current prices, and at higher prices around us, so the developer would have no inclination to lower them in the future. I have selected the 3 units I feel are the best “bang for your buck” in the building right now and listed the details below.

Unit 903, 2 Bedrooms, 2.5 Baths
B Floorplan, 1,910 Square Feet Interior + 545 Square Feet on Terrace
SE Exposure, Ocean View
$1,600,000  (This is $836/square foot)

Unit 1105, 3 Bedrooms, 3.5 Baths
C Floor Plan, 2,626 Square Feet Interior + 732 Square Feet on Terraces
SW Corner, Ocean, Intracoastal & city views
$1,950,000  (This is $743/Square foot)

Townhouse 4 3 Bedrooms + den, 4.5 Baths
Private Rooftop terrace w/ built in summer kitchen
2,262 Square Feet interior + 620 Square Feet on terraces
W Exposure, ground floor
$1,200,000 (This is $531/square foot!)