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Waterfront · Condominium
$785,000$681 / sqft
501 NE 31st St # 2006, Miami FL 33137
Listed
3
Bedrooms
2
Bathrooms
1,152 sqft
Interior
2018
Year built
None
HOA
Condominium
Type
About this home
Beautiful corner residence with a spacious wraparound terrace and sweeping views of Biscayne Bay, Miami Beach and the Miami skyline. This 3 BD, 2 BA residence at Paraiso Bayviews is turn-key and offers an open, light-filled layout with seamless indoor-outdoor living. Porcelain wood floors run throughout the living areas, hallways and out onto the balcony, while a custom built-in dining table with extra storage and Bosch appliances complete the move-in-ready feel. Three sets of sliding glass doors from the living room and two of the bedrooms open directly onto the wraparound terrace, framing panoramic views from multiple directions and making it easy to wake up to sunrise over the bay. The building offers an impressive array of resort-style amenities, including two pools plus a rooftop pool, tennis courts, fully equipped fitness center, sauna and steam room, and more. Ideally located in Edgewater, just minutes from Midtown, Wynwood, the Miami Design District and Downtown Miami. A rare opportunity to enjoy expansive outdoor living, exceptional views and a full-service Miami lifestyle.
Features
- First Floor Entry
- Fire Sprinklers
- Entrance Foyer
- East Of Us1
- Bay
- Skyline
- Water View
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,000–$12,000.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.