Paraiso District Construction Update: Paraiso Bay Closings Set To Begin September 2017
July 18, 2017 by Lucas Lechuga
The Paraiso District is now 97% sold and on the verge of opening its first building. Here is a breakdown of each tower with current photos of their progress...
Paraiso Bay - Although previously announced as "Sold Out", we have received word that one unit has come available. This one is an 05 line with a direct bay view. It has 1,326 square feet with 2 bedrooms, 3 baths and a den. It is being offered for $934,900.
We had previously heard that the building was set to open this month, but opening day has been pushed to September. Delays at the end of the construction process are pretty common, so we'll be sure to stay abreast of any changes.
Paraiso Bay Homes - Although not as heavily publicized as the towers, the Bay Homes are probably my favorite phase of the complex. They are located directly across the driveway from the Paraiso Beach Club and directly under the pool deck for Paraiso Bay and GranParaiso (with their own entrance). They are townhouse-style beach homes with an average of 4,000 square feet and 3 or 4 bedrooms. There are currently 3 remaining that are priced between $1.9 million up to $2.4 million.
Paraiso Bayviews - The most affordable tower is also nearly sold out, with an anticipated opening of January 2018 after topping off in April. There are now 5 condo residences available and 7 penthouses. The prices range from $420,000 for a 1 bedroom plus den with a garden view to $650,000 for a 2 bedroom with sunset/skyline views. In the penthouse levels, remaining opportunities range from $630,000 to $1.6 million.
One Paraiso - In our most recent construction update, One Paraiso had just topped off with two opportunities remaining... a 1,680 square foot 3 bedroom, 3.5 bath with bay and ocean views for $1.45 million and a 4 bedroom, 4.5 bath penthouse with 2,850 square feet and bay/ocean views for $2.85 million. Both remain available with opening day projected for February 2018.
GranParaiso - The final tower to be completed is also the one with the most inventory to choose from. GranParaiso has currently reached the 46th floor of 53 total. We should see top off early in the fall and final completion in the Spring of 2018. There are 18 condo residences available, ranging from $960,000 for a 2 bed, 2 bath plus den with bay & ocean views, up to $1.88 million for a 4 bed, 3.5 bath plus den with the same view.
There are also four remaining penthouses from $2 million to $3.1 million.
For specific unit numbers and prices (if not listed in this post), just send us a message. We're always happy to help. As for the Paraiso Beach Club and Amenity Complex, they are both coming along nicely and scheduled to open just in time for the first residents' move-in.
I thought the One Paraiso was offered around 700 $ per foot when they started presales. Thel developer believe the units will sell 30% higher now ??? What are your thoughts?
Yes, the average price per foot was $700, but the last two available fall on the higher end of the spectrum because they are larger and on the higher floors. Also, one is a penthouse so will command a higher price.
Thank you. So would you know how the current asking price compares to where similar units (similar layout and floor) traded when the building originally went to market (I think about 3 years ago now !) ?
Any chance you could get some pictures of a finished unit in One Paraiso? Would love to see the cabinets and bathroom tile/finishes that were put in compared to the other buildings.
I requested some photos but they are not photo-ready yet. When the building gets a little closer to opening, we will be sure and get a preview for you!
great! thx
Any update on closing dates for One Paraiso?
I think this is the most interesting project in all the area …. when completed will look amazing , with all the streets completes , the park , the marina …… great addition to the edge water neighborhood
Total ripoff. There is no walkability in this area, not even so much as a park. These values will tumble one would think based on renters not being willing to pay, as they can live somewhere that has places to walk to.
Have closings began in Paraiso Bay or were they pushed back after the hurricane? I havent seen any interior photos so I was assuming it got pushed back
Not yet. They have to wait for GranParaiso to be repaired after the crane fell during the storm. The latest estimate I’ve received is the end of November.
TY for the update
Have closings began in Paraiso Bay?