ActivePhoto 1 of 40
501 NE 31st St # 802, Miami FL 33137
About this home
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.
Features
- Fire Sprinklers
- Walk-In Closet(s)
- East Of Us1
- Barbeque
- Bay
- Garden View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $2,432
- HOA
- $850 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.