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Waterfront · Condominium
$640,000$907 / sqft
650 NE 32ND Street # 1508, Miami FL 33137
Listed
1
Bedrooms
706 sqft
Interior
2018
Year built
$901 / mo
HOA
Condominium
Type
About this home
Experience elevated waterfront living in this beautifully renovated 1-bedroom, 1.5-bath residence at prestigious Paraiso Bay. Floor-to-ceiling glass windows fill the home with natural light, while 9-foot ceilings, updated kitchen cabinetry and a private elevator foyer create a refined, modern atmosphere. Move-in ready and designed for effortless luxury, this residence offers access to world-class amenities, including tennis courts, a state-of-the-art fitness center, lavish spa with sauna and steam room, resort-style pool, private cinema, wine cellar and party room. Residents also enjoy 24-hour security, front desk service and valet parking. A rare opportunity to experience sophisticated, resort-style condominium living in one of the area's most desirable luxury buildings.
Features
- Walk-In Closet(s)
- Utility Room/Laundry
- Open Balcony
- Bay
- Bay View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$4,137
Loan payment and HOA only. Property tax and insurance are significant here and are included.
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.