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1
Bedrooms
2
Bathrooms
1,055 sqft
Interior
2018
Year built
$1,343 / mo
HOA
Condominium
Type
About this home
Paraiso Bay Condominiums Edgewater Waterfront. One-of-a-kind, fully remodeled turnkey 1BR/2BA (only 22 1BR flow-through plans out of 365 units and the only 1BR plan with an exclusive private foyer). Unobstructed Bay, Ocean, Peninsula and Skyline views. Original owner-user, never rented and meticulously maintained. Approx. $150K in improvements featuring high-quality finishes from Italy and Spain including: Lioher kitchen/cabinetry/island, custom built in bar with mirrored glass and expanded cabinetry; Blue Diamond quartz countertops, bar and backsplash; Portofino wall coverings and large-format Italian Carrara-matte ceramic tile indoors & Tuscan-plank Italian ceramic tile on 24' x 8' balcony; motorized/remote sheer/blackout shades in LR and blackout BR shades; professional commercial-grade soundproofing of common walls and ceiling; massive custom walk-in primary closet; 2nd full guest bath, expanded pantry and dining storage; Sub-Zero,Bosch & LG appliances, New A/C; and custom recessed lighting. Offered furnished option from Natuzzi, Giorgio Ferrara, Pianca and Tempur-Pedic. Paraiso Bay Master Community offers resort-style amenities including a 2-acre bay-front aterfront pool deck with 100' round pool, food/towel service, indoor/outdoor spas, fitness centers, tennis courts, bowling alleys, putting green, multiple clubs, lounges and meeting rooms, indoor/outdoor kitchens, wine room, cigar room and more. Includes 1 assigned parking space & 10 valet passes/month.
Features
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Elevator
- Fire Sprinklers
- Courtyard
- Open Balcony
- Bay
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.