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Waterfront · Condominium
$886,500$740 / sqft
650 NE 32 street # 1805, Miami FL 33137
Listed
2
Bedrooms
3
Bathrooms
1,198 sqft
Interior
2018
Year built
$1,400 / mo
HOA
Condominium
Type
About this home
Enjoy this beautiful 2 bedrooms, 3 bathrooms unit at Paraiso Bay. Open balcony with amazing water view of Biscayne Bay. European kitchen style, Bosch appliances and modern cabinets. Floor to ceiling impact glass windows. High-end amenities such as stunning 100 feet swimming pool overlooking the bay, tennis court, spa, bowling alley, cigar and wine room, kids playroom, movie theater, State of the art Gym and treatment rooms. What is more, a private club for residents at the exclusive AMARA restaurant by Michael Schwartz. For your convenience it is only 15 minutes from Miami Beach, easy access to I-95, downtown Miami & Brickell. Close to wonderful restaurants, shopping & Miami District Design. Unit rented until December, 2026
Features
- First Floor Entry
- Other
- Tennis Court(s)
- Canal
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 3
- Ok To Lease
- Okay To Lease 1st Year
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
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–$5,500.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.