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501 NE 31st St # 802, Miami FL 33137

Condo/Co-op For Sale
$481,000

BTC: 5.97515528

ETH: 181.50943396

122 days
1 bds
1 ba
622 sqft

Overview

Investor opportunity: Leased through June 30, 2027. Immediate rental income from day one. Beautiful 1-bedroom, 1.5-bath residence at Paraiso Bayviews featuring floor-to-ceiling impact windows, abundant natural light, and a spacious private balcony with partial water views. Thoughtfully designed open-concept layout, ideal for both end users and investors. Assigned parking space conveniently located on the same access level as the residence, providing direct access without ramps. Enjoy an outstanding collection of resort-style amenities, including two swimming pools, one located on the spectacular 46th-floor rooftop with breathtaking views of Biscayne Bay and the Miami skyline, state-of-the-art fitness center, spa, sauna, tennis courts, children's playroom, business center, social lounges, valet parking, and 24-hour concierge service. Ideally located in the heart of the Paraiso District, within walking distance to Whole Foods Market, restaurants, cafés, pharmacies, and banks, and just minutes from Midtown, Design District, Wynwood, Downtown Miami, and Miami Beach. A rare chance to own in one of Miami's most sought-after addresses, whether as a primary residence, second home, or income-producing investment property.

Location

Details

Type:
Residential
Parking:
1 Space / Assigned / Covered
Year Built:
2018
Lot:
No Data
Heating:
Central
Price/sqft:
$773
Cooling:
Electric
HOA:
$850

Valuation

Our model vs. what's actually selling nearby.
Estimate
$430,000
$292K – $589K
Confidence Low
List vs. estimate
$51K above estimate
List $481,000 · +11.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$773
+35.6% vs. city median $570
Based on
675 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
$7,030
2025
HOA
$850/mo
View
Bay, Garden View
Garage
1 car garage
Furnished
Partially
All facts and features
  • Flooring

    • Vinyl

    Heating

    • Central

    Cooling

    • Electric

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Microwave

    • Refrigerator

    • Wall Oven

    • Washer

    Other interior features

    • Fire Sprinklers

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Bathrooms: 1

    • Full bathrooms: 1

  • Parking

    • 1 Space

    • Assigned

    • Covered

    Property

    • Exterior Features: East Of Us1 / Barbeque

    Other Property Information

    • Parcel Number: 01-32-30-096-0430

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $850

    • HOA Frequency: Monthly

    • Annual tax amount: $7,030

  • Source details

    • MLS ID: A12032495

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Patio And Porch Features: Deck

    • Window Features: Impact Glass

    • Direction Faces: Northeast

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 622

    • Subdivision Name: PARAISO BAYVIEWS CONDO,The Related Group

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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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: Avanti Way Realty LLC