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Waterfront · Condominium
$895,000$750 / sqft
650 NE 32nd St # 2104, Miami FL 33137
Listed
2
Bedrooms
3
Bathrooms
1,193 sqft
Interior
2018
Year built
$1,696 / mo
HOA
Condominium
Type
About this home
Spectacular unit at the Iconic Paraiso Bay Condo! Stunning direct bay & skyline views. 2 beds, 3 baths + den, private elevator, 9-foot ceiling heights, floor-to-ceiling sliding glass doors, oversized balcony, custom made window treatments & closets, porcelain floors, Italkraft kitchen, sub-zero & Bosch appliances, among others. Top amenities: 100 linear feet pool, Wine cellar & tasting salon, Cigar lounge with private humidors, Kid’s game room with multimedia facilities, Gorgeous party room, Movie theater with state of the art audio visual equipment, Tennis center with 2 lighted tennis courts, Outdoor grill, bay front park with marina and water sports, AMARA Restaurant by Beard Award winning Chef Michael Swchartz, & landscape design by Enzo Enea.
Features
- First Floor Entry
- Built-in Features
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Intracoastal View
- Ocean View
- Skyline
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 3
- 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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,350–$5,500.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.