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650 NE 32nd St # 4205, Miami FL 33137
About this home
Experience luxury waterfront living in this 2-bedroom, 3-bath residence at the prestigious Paraiso Bay. This unit offers breathtaking panoramic views of Biscayne Bay from an expansive private terrace. Features include a spacious open-concept layout, floor-to-ceiling impact glass, porcelain flooring throughout, an Italian-designed kitchen with premium appliances and quartz countertops, custom built-in closets, and a private elevator foyer for added privacy. Tenant occupied until 03/30/2027 $6,200
Features
- First Floor Entry
- Open Balcony
- Bay
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $4,905
- HOA
- $1,637 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.