David Guetta’s Duplex Penthouse at Paraiso Bay (Video Tour)

As they say, good things come to those who wait. After waiting three-plus years for Related Group’s Paraiso Bay condo development to be completed, David Guetta’s custom-designed, duplex penthouse has been unveiled. The internationally acclaimed DJ and songwriter closed on it last September for $6 million and, after being on the market for only two days, was recently leased for $18,000 per month. Zelda Freud and Michael Wiesenfeld represented Guetta in both transactions.

Below is a video of David Guetta’s Miami penthouse. The three-bedroom, 4.5-bath condo residence was entirely custom-designed by famed Italian designer Piero Lissoni. Located on the 53rd and 54th floors of Paraiso Bay, it breathtaking views of the ocean, city, and bay. The first floor – which spans 2,387 square feet of interior space plus a 429-square-foot balcony – features a double-height foyer and wraparound staircase, a master bedroom, living room, and open kitchen. The second floor features a 373-square-foot den and 2,121-square-foot rooftop terrace with private pool and summer kitchen.

“The development brings together the best of everything that makes the city so magical – the ocean, cuisine, design, art and culture,” says Carlos Rosso, President of The Related Group’s Condominium Development Division. “With its endless list of amenities, impressive oceanfront location and close proximity to Miami Beach, the Miami Design District and Brickell, it’s no wonder we’ve had so many A-listers purchase residences here.”

Additional celebrities who have already purchased units at Paraiso include Alex Rodriguez, Gael Monfils, and Arantxa Sanchez.

Amara at Paraiso Building Listed For Sale – Asking $20,000,000

According to various commercial real estate websites, the freestanding, waterfront building located at 3101 NE 7th Avenue, which houses the Amara at Paraiso restaurant by Chef Michael Schwartz, has been listed for sale for $20,000,000. The sale would include a lease transfer with Amara at Paraiso in place as the tenant. The prospectus for the sale of the property states that Amara at Paraiso has a 10-year lease in place with three options to renew their contract. The restaurant includes 6,445 square feet (4,513 interior square feet + 1,932 exterior square feet), seating for 209 people, boat access, and 24 valet parking spaces.

The two-story building also has a rooftop component called Paraiso Beach Club, and the sale of the property would include income generated from it. According to the prospectus, each unit owner of the four Paraiso condo towers (Gran Paraiso, One Paraiso, Paraiso Bay, and Paraiso Bayviews) is paying $750 per year in membership dues to the owner of the Paraiso Beach Club for the right to use it. This arrangement generates membership income totaling over $1,000,000 per year. The Paraiso Beach Club rooftop is 5,871 square feet (2,794 interior square feet + 3,077 exterior square feet) and has seating for 158 people.

Combined, the rent income plus membership dues generate an annual income of $1,633,750 (an 8.17 percent cap rate) according to the investment prospectus.

A First Look at One Paraiso in Edgewater Miami

Three down, one to go! One Paraiso recently became the third of four towers in the Paraiso District to be completed by Related Group. Closings started at the beginning of last month. As of September 14th, when I toured One Paraiso with my photographer, the development had already closed well over 200 of its 279 total units. Gran Paraiso, which will be the fourth and final tower to be completed in the Paraiso District is expected to begin closings next month.

The common area spaces at One Paraiso, which were designed by famed interior designer Piero Lissoni, are impressive, to say the least. Known for his elegant and contemporary style, Lissoni uses minimalist design to create large, interconnected spaces using Earth tones to compliment and pull in the beautiful views from outside the building’s floor-to-ceiling glass windows. If there’s one reoccurring, consistent theme throughout One Paraiso, it is its VIEWS. As you will see in the photos below, from pretty much any common areas space in the building, you can see Biscayne Bay. Even the lobby at One Paraiso offers direct views of the water. And while that may not seem so unique or out of the ordinary, try to name at least two other condo developments in Miami that offer water views from its lobby (I can only name one other).

And when it comes to amenities, One Paraiso delivers in spades. The developer included a wide array of high-quality amenities, such as a ground-floor pool, poolside cabanas, and Jacuzzi; 10th-floor party room, business center, wine tasting salon, library, theater, and children’s playroom; 11th-floor fitness center and spa with plunge pool, saunas, steam rooms, and massage rooms; and sunset amenities deck with two additional pools, infinity-edge Jacuzzi, poolside cabanas, BBQ area, and tennis center with two lighted courts. (That’s a total of three pools to accommodate just 279 residences!!!) The tennis center, which was still a work in progress when I visited, is expected to be completed within the next month.

Each and every unit at One Paraiso offers a direct view of the water. The building’s 279 condo residences are comprised of one-, two-, and three-bedroom floor plans plus penthouses. The non-penthouse residences have 9-foot high ceilings while the penthouse residences have 10-foot high ceilings. The developer is completely sold out of inventory for One Paraiso, but a number of resales have hit the market in recent weeks. As of the writing, there are 23 units listed for sale ranging in price from $708 to $1,260 per square foot and 27 units listed for rent ranging in price from $2.41 to $4.24 per square foot.

One Paraiso Condos For Sale

One Paraiso Condos For Rent

Although no developer inventory remains for One Paraiso, there are a number of excellent options (including penthouses) that still remain at Gran Paraiso. Contact me for details!

A First Look at Paraiso Bayviews Designed by Karim Rashid

Three weeks ago, I was given an exclusive tour of the recently completed Paraiso Bayviews by Related Group’s very own Carlos Rosso. Closings for the building started last month. According to Rosso, Related Group was able to close over 100 units in the first week alone…an outstanding start considering that Paraiso Bayviews has just 386 total units.

The interiors at Paraiso Bayviews were designed by prolific designer Karim Rashid. If the name sounds familiar, you may recognize it because he also designed the interiors at MyBrickell. Known for using bright shades of pink, yellow, orange, green, and purple, his designs are difficult to miss. From the lobby to the fitness center to the hallway wallpaper and everything in between, Rashid’s signature look is apparent throughout the building.

Paraiso Bayviews has 386 condo residences comprised of one-, two-, and three-bedroom floor plans plus penthouses. The building’s amenities include a rooftop terrace with pool, hot tub, and BBQ area along with a 5th-floor amenities level with sunset pool, tennis court, handball court, BBQ area, children’s playroom, billiard’s room, state-of-the-art fitness center, theater, spa, clubroom, valet, and full-service concierge. In addition, residents of Paraiso Bayviews have access to the Paraiso Beach Club. Of the four towers comprising Paraiso District (Paraiso Bay, Paraiso Bayviews, One Paraiso, and Gran Paraiso), Paraiso Bayviews is the only one that has a rooftop pool deck.

entrance to rooftop pool deck

rooftop pool deck[/caption]

views from rooftop pool deck

theater

theater

fitness center

fitness center

children’s playroom

sunset pool deck

spa

tennis court

handball court

clubroom

clubroom

clubroom

clubroom

mailroom

Given that Paraiso Bayviews is located behind the other three towers comprising Paraiso District, I was expecting the views from it to be terrible. However, to my delight, the views were quite good; you have views of the water in between the towers and there’s enough of a setback where you don’t feel like you’re living in a fishbowl.

At the time of this writing, there are 13 units listed for resale ranging in price from $530 to $852 per square foot and 38 units listed for rent ranging in price from $2.32 to $3.67 per square foot. Most of the units at Paraiso Bayviews come with carpeted floors, but I was told that a good percentage of the owners purchased the flooring upgrade (as seen in the photos below).

view from kitchen

Paraiso Bayviews kitchen

views from Paraiso Bayviews

Paraiso Bayviews bedroom