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Condominium at 650 NE 32nd St # 3005, Miami FL 33137Active
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Waterfront · Condominium
$985,000$856 / sqft

650 NE 32nd St # 3005, Miami FL 33137

2
Bedrooms
3
Bathrooms
1,151 sqft
Interior
2018
Year built
$1,600 / mo
HOA
Condominium
Type

About this home

Discover this exquisite, fully furnished or unfurnished 2-bedroom, 3-bath residence at Paraiso Bay. Each bedroom features built-in closets, while the master suite’s open bedroom/bath concept creates a luxurious retreat. The airy, open-plan living area flows onto a generous balcony—perfect for savoring breathtaking bay views and Miami’s famed sunsets. Situated in the heart of it all, you’re minutes from South Beach, Downtown, Wynwood, the Design District and Brickell. Unit is rented for $5,600 until 02/12/2027

Features

  • Custom Mirrors
  • Walk-In Closet(s)
  • East Of Us1
  • Open Balcony
  • Bay

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$6,581

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$4,981
HOA
$1,600 / 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.

Courtesy of
FACCIN Group Realty

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.

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 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.