Two Unfurnished Condos Leased at Paramount Bay

Two leases in the same building

Raphael represented the owners in two unfurnished condo rentals at Paramount Bay in Edgewater. Each residence leased for $6,800 per month. For an owner in the building, those two leases are a natural starting point for pricing a comparable residence.

How to use a lease in your building as a comparable

Start with leases for units that closely resemble yours. Compare layout, floor, view, condition and parking, then check when each deal was signed and what was included in the rent. A similar unit can be a useful reference even when the building has very different floor plans and exposures.

For a condo offered unfurnished, focus first on other unfurnished leases. If the best available comparable was furnished, separate the value of the furniture and any included services before treating its rent as a benchmark. Ask what differences would move your own estimate up or down.

What might your Edgewater condo rent for?

Share the building, unit layout, condition and your preferred timing. Raphael can discuss the relevant comparable leases and the next steps for bringing your condo to market.

Discuss Your Condo with Raphael

Edgewater leasing services for owners · Guide to pricing a Miami condo rental