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Waterfront · Condominium
$600,000$984 / sqft
501 NE 31st Street # 3804, Miami FL 33137
Listed
1
Bedrooms
610 sqft
Interior
2018
Year built
$150 / mo
HOA
Condominium
Type
About this home
Enjoy breathtaking sunrises and water views from the 38th floor of Paraiso Bayviews, a trendy and luxurious high-rise in Miami. This full-service building features resort-style amenities including heated pools, spa, state-of-the-art fitness center, sauna, tennis & paddle courts, kids' playroom, lounge/party & work areas, BBQ areas, WiFi throughout, 24/7 front desk, valet, and security. The unit boasts 12-ft ceilings, ItalKraft cabinets, Bosch appliances, and an in-unit washer & dryer. Located in the vibrant Edgewater neighborhood. Residents enjoy a peaceful resort lifestyle just steps from the Design District, Midtown, Wynwood, and Downtown. A perfect blend of luxury, convenience, and Miami living at its finest! Rental includes water, internet, and basic cable. The unit comes with one assigned covered parking space.
Features
- Fire Sprinklers
- French Doors
- Walk-In Closet(s)
- Other
- Ocean
- Pool
- Water
- Direct Ocean
- Ocean View
Location
Approximate — shows the building, not the unit.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,750.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.