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Waterfront · Condominium
$889,900$773 / sqft
650 NE 32nd St # 4605, Miami FL 33137
Listed
2
Bedrooms
3
Bathrooms
1,151 sqft
Interior
2018
Year built
$1,636 / mo
HOA
Condominium
Type
About this home
***FEDERAL BANKRUPTCY COURT SALE - NO BANK INVOLVED*** ESCROW APPROXIMATELY 60 DAYS *** POSSIBLE AUCTION (NOT AN REO, NOT BANK-OWNED, AND NOT A SHORT SALE)*** Experience elevated waterfront living at Paraiso Bay, one of Edgewater's premier luxury residences. This beautifully appointed 2-bedroom, 3-bathroom residence offers panoramic views of Biscayne Bay and the Miami skyline through expansive floor-to-ceiling impact glass. The open-concept layout seamlessly connects the living and dining areas to a spacious private terrace, ideal for enjoying spectacular sunrises and waterfront breezes. Features include porcelain flooring, a sleek Italian-designed kitchen with premium appliances and quartz countertops, custom built-in closets, and a private elevator foyer. Residents enjoy an exceptional collection of resort-style amenities, including a spectacular pool deck with cabanas, fitness center, spa, tennis courts, bowling alley, private theater, and more. Ideally situated minutes from Miami's finest dining, shopping, arts, and entertainment. Bankruptcy Sale: Property is being sold as part of a bankruptcy estate. Seller will consider cash offers only, without contingencies. Any sale is subject to appropriate notice to creditors and other parties in interest, an opportunity for objections and a hearing, and entry of an order by the Bankruptcy Court approving the sale. Property is currently tenant-occupied on a month-to-month basis.
Features
- Closet Cabinetry
- Fire Sprinklers
- Entrance Foyer
- Volume Ceilings
- Walk-In Closet(s)
- Open Balcony
- Bay
- Intracoastal View
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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,350–$5,800.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.