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501 NE 31st St # 4002, Miami FL 33137

Condo/Co-op For Sale
$519,000

BTC: 6.52830189

ETH: 213.40460526

2 days
Waterfront
1 bds
1 ba
622 sqft

Overview

LOWER PENTHOUSE | 12-FT CEILINGS | DIRECT BAY VIEWS. Residence 4002 sits on the lower penthouse level of Paraiso Bayviews, 40 floors above Biscayne Bay, where 12-foot ceilings and floor-to-ceiling impact glass frame open views of the bay, the Miami Beach skyline and the Atlantic beyond. This 1-bedroom plus den, 1.5-bath home offers 622 SF of interior living, a 13'8" x 10'6" primary suite and a 22'10" living and dining room opening to a 139 SF northeast-facing balcony made for sunrise over the water. Open kitchen with sleek European cabinetry and built-in appliances, in-unit laundry, tile floors throughout and built-in closet cabinetry. One assigned covered parking space with valet. Paraiso Bayviews, by The Related Group with architecture by Arquitectonica, delivers a full resort lifestyle: rooftop pool deck, second pool and spa, sauna and treatment rooms, fitness center, tennis and paddle courts, theater, billiards, kids room, club room, BBQ areas, 24-hour front desk and valet. Step out to the bayfront park and promenade of the Paraiso District, walk to the shops and restaurants of Midtown Miami, and reach the Miami Design District, Wynwood, Brickell and Downtown in minutes, Miami Beach via the Julia Tuttle Causeway and Miami International Airport in about 20 minutes. Tenant occupied, a turnkey opportunity for investors or a future pied-a-terre in one of Miami's most connected waterfront neighborhoods.

Location

Details

Type:
Residential
Parking:
1 Space / Assigned / Valet / Limited # Of Vehicle
Year Built:
2018
Lot:
No Data
Heating:
Central
Price/sqft:
$834
Cooling:
Central Air
HOA:
$868

Valuation

Our model vs. what's actually selling nearby.
Estimate
$470,000
$354K – $605K
Confidence Low
List vs. estimate
$49K above estimate
List $519,000 · +10.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$834
+47.0% vs. city median $567
Based on
39 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $661K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$7,147
2025
HOA
$868/mo
View
Bay, Ocean View
Waterfront
Yes
Garage
1 car garage
Pets
Restrictions Or Possible Restrictions
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Electric Range

    • Electric Water Heater

    • Ice Maker

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Built-in Features

    • Closet Cabinetry

    • Fire Sprinklers

    • Volume Ceilings

    • Den/Library/Office

    • Utility Room/Laundry

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Bathrooms: 1

    • Full bathrooms: 1

  • Parking

    • 1 Space

    • Assigned

    • Valet

    • Limited # Of Vehicle

    Property

    • Levels: 1

    • Exterior Features: East Of Us1 / Open Balcony

    Other Property Information

    • Parcel Number: 01-32-30-096-0740

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $868

    • HOA Frequency: Monthly

    • Annual tax amount: $7,147

  • Source details

    • MLS ID: A12110887

    Other facts

    • Construction Materials: Concrete Block Construction / Pre-Cast Concrete Construction

    • Laundry Features: Utility Room/Laundry

    • Patio And Porch Features: Open Balcony

    • Window Features: Clear Impact Glass / Blinds / High Impact Windows

    • Direction Faces: Northeast

    • Architectural Style: High Rise / Penthouse

    • Waterfront: Yes

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 622

    • Subdivision Name: PARAISO BAYVIEWS CONDO,PARAISO BAYVIEWS

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Alure Capital