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Waterfront · Condominium
$810,000$902 / sqft
650 NE 32nd St # 3707, Miami FL 33137
Listed
1
Bedrooms
2
Bathrooms
898 sqft
Interior
2018
Year built
$1,277 / mo
HOA
Condominium
Type
About this home
Elegantly Corner 1BR 2 Baths plus separate Den/Study/2nd Bedroom with private full bath. Views from all rooms. Paraiso Bay Community is a 12-acre 4 Hi-Rise Luxury Residential Development on Biscayne Bay. Master Association of Paraiso Bay and Gran Paraiso encompasses 2 floors of exceptional amenities, including several club and meeting rooms, wine room, cigar room, 100' diameter resort pool deck, and jacuzzi with towel service, spa, theatre room, tennis courts, bowling alley, game rooms, several indoor and outdoor kitchens and bars, and fitness centers. Excellent concierge services with many fitness classes and community events: On-line building reservation system. One car Self Parking.
Features
- First Floor Entry
- Closet Cabinetry
- Elevator
- Den/Library/Office
- Open Balcony
- Bay
- Water View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- No Daily Rentals
- Ok To Lease
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 $1,950–$3,495.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.