Paramount Miami Worldcenter is a 60-story, 569-residence tower at 851 NE 1st Ave in Downtown Miami, completed in 2019 by Miami Worldcenter Associates to an Elkus Manfredi design. Our directory research puts it at roughly $720 per square foot in a $560,000 to $3.5 million range, with HOA dues estimated near $1.00 per square foot per month.
A 2019 tower with 569 homes on 60 floors
The scale is the first thing to understand about this building. Five hundred sixty-nine residences over 60 floors works out to roughly nine or ten homes per floor, which places Paramount firmly in the high-density category rather than the boutique one. Our records list one- to four-bedroom layouts, so the tower spans a genuinely wide buyer range inside a single association.
Density cuts both ways, and a buyer should price both directions. A 569-home association spreads fixed costs — staffing, insurance, elevator and life-safety maintenance — across many more owners than a 70-unit boutique building can, which is the structural argument for the dues figure our research records. It also means more units competing with yours at resale, more turnover in the elevators, and a board making decisions for a large and varied ownership.
The development context is unusual. The tower sits inside Miami Worldcenter, and our building research describes it as anchoring the second-largest urban development in the United States. Practically, that means the immediate surroundings have been under active construction for years, and a buyer should ask what remains to be built next door and on what timeline. The full profile is at /buildings/paramount-miami-worldcenter.
The five acres that do the selling
The amenity deck is Paramount's actual differentiator, and it is specific rather than generic. Our research records roughly five acres of amenities including a jam room, a recording studio, a soccer field, a boxing studio and resort pools, alongside the more conventional set: a fitness center, full-service spa, 24-hour concierge, valet parking, a residents' lounge, a children's playroom, a business and conference center, on-site dining and a dog park.
A soccer field and a recording studio are not standard condo inventory in Miami. They are the reason our profile describes the building as a magnet for renters, and they are also a reason to read the operating budget carefully — amenities of that footprint have to be staffed, insured and maintained, and that cost sits in the monthly dues rather than the purchase price. How to read where the money goes is at /blog/reading-a-miami-condo-budget-where-dues-go.
The location argument is the other half. Our neighborhood research describes Downtown Miami as the most connected pocket of the city, with Brightline, Metromover and Metrorail all converging there, and the building profile places Paramount steps from the Brightline station and the Worldcenter promenade. For a buyer who wants to be car-optional in Miami, that combination is genuinely rare.
The dues arithmetic at a dollar a foot
Our directory estimates dues near $1.00 per square foot per month. That figure is easy to convert: a 1,000-square-foot residence carries roughly $1,000 a month, and a 1,800-square-foot home closer to $1,800, before taxes, insurance on your own interior and any assessment. Treat those as arithmetic on our estimate rather than a quoted invoice — the association issues the real number, and it changes with the budget.
A dollar per foot is not a low figure in absolute terms, and prospective buyers should read it against the amenity list rather than in isolation. Five acres of programmed amenity space with staffing is a different cost base than a lobby and a gym.
On the structural side, a 2019 delivery is the useful fact. Florida's milestone inspection requirement attaches at 30 years of age, or 25 years for buildings within three miles of the coast, and associations must fund a structural integrity reserve study. A building completed in 2019 is years away from that window, which is part of why our score set rates it 9.2 on age and 9.3 on health. The reform regime itself is explained at /blog/miami-condo-milestone-inspection-sirs.
Where it sits against Downtown Miami
Our Downtown Miami research estimates a $545,000 median condo price and $720 per square foot across the neighborhood, with 42 buildings profiled. Paramount's estimated per-foot figure of $720 sits exactly at that neighborhood estimate, which is a more interesting result than it looks: a heavily amenitized 2019 tower priced at the district's typical foot is not the premium product in its own neighborhood.
That is because Downtown's ceiling is set elsewhere. The branded supertalls — /buildings/aston-martin-residences on the river and /buildings/waldorf-astoria-residences-miami on Biscayne Boulevard — are what carry the district's top pricing. Paramount is the amenity-heavy volume play beneath them, which is a coherent position rather than a shortfall.
Citywide, our Miami report at /market-stats estimates a $685,000 median condo sale price and $720 per square foot, with 8,420 active listings, as of June 2026 and last updated June 24, 2026. Every one of those figures is a periodic estimate maintained by our research team, labeled as such on the page. The wider district guide is at /blog/downtown-miami-condo-guide and the neighborhood hub is /neighborhoods/downtown-miami.
What our score set rewards, and what it does not
Our HQ Rank puts Paramount at 8.20 out of 10 across six factors. It scores well on location at 8.8, views at 8.5, quality at 8.5, age at 9.2 and health at 9.3. It scores 5.0 on waterfront, and that single number carries most of the honest caveat about the building.
Paramount is a downtown tower, not a bayfront one. Buyers who want water at the doorstep are shopping a different product — Edgewater and the beaches — and paying differently for it. What Paramount trades that frontage for is transit, the Worldcenter amenity base and a price per foot at the neighborhood's typical level rather than above it.
What our research cannot tell you
Miami is a market where we do not operate a live MLS feed. The listings shown on our Miami pages are clearly labeled samples, not live inventory, so nothing on this site tells you what a specific line or stack at Paramount trades for today. Our price range, per-foot figure and dues estimate are directory research with a date attached, not comparable sales.
We are a research publisher rather than a brokerage. We do not list on the MLS, negotiate offers or close transactions. When you want current availability, real pricing on a specific residence or the association's budget and reserve documents, we introduce you to a licensed partner agent who can pull them.
Questions buyers ask about Paramount Miami Worldcenter
How many units are in Paramount Miami Worldcenter and when was it built?
Our building research records 569 residences over 60 floors, completed in 2019. The architect is Elkus Manfredi, the developer Miami Worldcenter Associates and the interiors are by ID and Design International. The address is 851 NE 1st Ave in Downtown Miami.
What do condos at Paramount Miami Worldcenter cost?
Our directory's research puts the building at roughly $720 per square foot in a $560,000 to $3.5 million range across one- to four-bedroom layouts. Those are our estimates rather than live comparables — we do not operate a Miami MLS feed, so the listings on our Miami pages are labeled samples.
What are the HOA fees at Paramount Miami Worldcenter?
Our research estimates about $1.00 per square foot per month, which works out to roughly $1,000 monthly on a 1,000-square-foot residence. That is arithmetic on our estimate, not a quoted figure; the association issues the actual assessment and it moves with the annual budget.
What amenities does Paramount Miami Worldcenter have?
Roughly five acres of amenity deck, including a jam room, recording studio, soccer field, boxing studio and resort pools, plus a fitness center, spa, 24-hour concierge, valet, residents' lounge, children's playroom, business center, on-site dining and a dog park. That footprint is a real cost base, so read it alongside the dues.
How does Paramount compare with Downtown Miami's branded towers?
On price research, it sits below them. Our estimated $720 per square foot at Paramount matches the Downtown Miami neighborhood estimate, while the branded supertalls such as Aston Martin Residences and Waldorf Astoria Residences carry the district's top pricing. Paramount is the amenity-heavy option at the neighborhood's typical per-foot level.
Written by
Miami Condo HQ
Miami Condo Specialists
Miami Condo HQ is a Miami condo platform — in-depth profiles for the condo buildings we track across Miami, for-sale and for-rent listings, building profiles and Miami market research, and honest, pressure-free guidance for buyers, sellers and investors across South Florida.
