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Waterfront · Condominium
$445,000$715 / sqft
501 NE 31st St # 1502, Miami FL 33137
Listed
1
Bedrooms
2
Bathrooms
622 sqft
Interior
2018
Year built
$865 / mo
HOA
Condominium
Type
About this home
Enjoy comfortable waterfront living in this thoughtfully designed 1-bedroom, 1-bath residence at Paraiso Bayviews. This efficient layout features beautiful bay and amenity views, a spacious walk-in closet, a dual-sink primary bathroom, and a convenient guest powder room with private shower access. Residents enjoy an exceptional resort-style lifestyle with world-class amenities, including rooftop and sunset pools, tennis and paddle courts, BBQ areas, a children's playroom, billiards room, state-of-the-art fitness center, theater, spa, valet parking, and 24-hour concierge service. Tenant occupied until 04/23/2027.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Walk-In Closet(s)
- East Of Us1
- Other
- Barbeque
- Open Balcony
- Bay
- Canal
- Club Area View
- Intracoastal View
- Pool Area 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 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,750.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.