The Paragon Lofts located in the New Orleans Warehouse District is a small complex of larger size units. Most of the 21 condos are spread over the upper 3 floors. Most of the units are 2 bedrooms condos with two baths units and measure over 1500 sq. ft. of living area. There are a few one bedroom units. Everyone likes balconies but this is one of the few complexes in the New Orleans Warehouse District that has them. The 900 S. Peters location puts them in the middle of the Warehouse District, a couple of blocks to Riverwalk and to Harrahs Casino.
All the condos have secure garage parking spaces on the first floor with a secure entrance via elevators to the units on the 2nd and third floors. The penthouses and terrances are on the top floor. The Paragon condos were finished in August of 2000. There has not been a lot of turnover since that time.
The units are upscale with a lot of individual tastes put into each of the units. Its not your typical developers units and the owners did a lot of custom work for their units. The condos have wook floors , stained concrete floors, exposed brick, cypress beams, balconies, and garage parking. The balconies are a real plus as few buildings in the area have them. They have some great city views. The larger units are in the 1700-1800 st. ft. range.
They are professionally managed and the owners have a very quiet complex on a one way street that is rarely ever very busy. You have as many walkers as cars sometimes.
There are currently 3 units in the building for sale. A one bedroom for $345,000, a two bedroom for $519,000 and a penthouse for $629,000. The last sale in the building was for 430k with the 2 previous sales dating back to 2005. The sales price on those units were 700k for a super decked out corner unit and a 575k for another unit that I did not get to see. As the price of the condos goes up I think you have fewer sales as people can afford to keep them longer.
There are currently 38 condos in the Warehouse District for more than 500k that are for sale . This number does include several pre-sales. There are 11 units for more than a million. The best of the units are selling but the competition is stiff for the things that people want. Its much more than just the size of the unit in this price range.