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4
Bedrooms
5
Bathrooms
2,407 sqft
Interior
2018
Year built
$3,423 / mo
HOA
Condominium
Type
About this home
RARE ON THE MARKET ! Stunning penthouse on the 50th floor of Paraiso Bay offering breathtaking bay, ocean, and skyline views. Enjoy soaring 10-ft ceilings, exclusive to the penthouse level, and ultimate privacy with only 4 residences per floor. The elevator opens directly into the residence through a private foyer, offering an elevated sense of privacy and exclusivity. This elegant 4BD/4.5BA features porcelain floors, floor-to-ceiling windows, and a spacious living area. Recently upgraded with a custom wood-paneled wall and recessed lighting, adding warmth and character to the space. Motorized shades in the two main bedrooms facing the bay and Nest smart A/C system. Oversized 420 SqFt terrace, ideal for entertaining. Resort-style amenities include pool, spa, gym, theater, bowling, tennis, sauna, steam room, and more. Prime Edgewater location, within walking distance to shops, the new Whole Foods Market, and minutes from Wynwood, the Design District, Brickell and Miami International Airport. Easy to show. Unbranded video presentation upon request.
Features
- Lobby
- First Floor Entry
- Cooking Island
- Elevator
- Other
- Pantry
- Walk-In Closet(s)
- Barbeque
- Tennis Court(s)
- 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 4-bed rentals across Miami-Dade, from 118 active listings; the middle half ask $15,900–$37,000.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.