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501 NE 31st St # 601, Miami FL 33137

Condo/Co-op For Sale
$698,750

BTC: 10.92650508

ETH: 367.25286970

56 days
3 bds
2 ba
1,110 sqft

Overview

Exceptional opportunity to own a beautifully FURNISHED 3-Bedroom, 2-Bath residence at Paraiso Bayviews in the heart of Miami's vibrant Edgewater neighborhood. This thoughtfully designed 1,110 SF home features stylish wallpaper throughout, upgraded designer lighting, and a spacious open layout ready for immediate occupancy. Located on the 6th floor, the residence offers pleasant city views and abundant natural light. Paraiso Bayviews is one of Edgewater's premier lifestyle destinations, offering resort-style amenities including a rooftop pool with panoramic bay views, state-of-the-art fitness center, tennis courts, spa, children's playroom, clubhouse, summer kitchens, and more. Residents also enjoy access to the renowned Amara at Paraiso waterfront restaurant by award-winning chef Michael Schwartz. Investor-friendly building allows 30-day rentals up to 12 times per year, making this an excellent option for both end-users and income-focused buyers. Ideally located just minutes from the Design District, Midtown Miami, Wynwood, Downtown Miami, Brickell, Miami Beach, and Miami International Airport. Bank-owned property priced to sell.

Location

Florida • Miami • 33137 • Condo/Co-op • For Sale

Details

Type:
Residential
Parking:
1 Space
Year Built:
2018
Lot:
No Data
Heating:
Electric
Price/sqft:
$630
Cooling:
Electric
HOA:
$1,544

Valuation

Our model vs. what's actually selling nearby.
Estimate
$775,000
$556K – $1.1M
Confidence Low
List vs. estimate
$76K below estimate
List $698,750 · -9.8%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$629
+12.0% vs. city median $562
Based on
1040 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $747K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,687
2025
HOA
$1,544/mo
View
Skyline
Garage
1 car garage
All facts and features

  • Heating

    • Electric

    Cooling

    • Electric

    Appliances

    • Dishwasher

    • Dryer

    • Electric Water Heater

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Lobby

    • First Floor Entry

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Parking

    • 1 Space

    Property

    • Exterior Features: Barbeque

    Other Property Information

    • Parcel Number: 01-32-30-096-0040

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,544

    • HOA Frequency: Monthly

    • Annual tax amount: $10,687

  • Source details

    • MLS ID: A12032247

    Other facts

    • Construction Materials: Concrete Block Construction

    • Architectural Style: High Rise

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 1110

    • Subdivision Name: PARAISO BAYVIEWS CONDO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33137
615
median $800K
Active
Same city
Miami
12,325
median $637K
Active
Same type
Condo/Co-op
6,493
median $495K
Active
Similar price
$489K – $908K
3,928
median $650K
Active

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: Red Road Real Estate Florida