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Waterfront · Condominium
$1,230,000$1,131 / sqft
3131 NE 7th Ave # 1205, Miami FL 33137
Listed
2
Bedrooms
2
Bathrooms
1,088 sqft
Interior
2018
Year built
$16,680 / mo
HOA
Condominium
Type
About this home
This 2-bedroom, 2-bath residence at One Paraiso offers a private elevator and foyer, white Calacatta flooring throughout the interior and balcony, electric shades and blackouts, and imported Italian closets in both bedrooms. Floor-to-ceiling glass showcases breathtaking, unobstructed ocean and Biscayne Bay views from the living areas and oversized balcony. The Paraiso complex offers a 3-acre resort deck with heated pool, outdoor spa, cabanas, summer kitchen, fitness center, spa with steam and sauna, clubroom, screening room, wine cellar, and bayfront beach club and marina. Ideally located in Edgewater, minutes from the Design District, Wynwood, Downtown Miami, Brickell, and Miami Beach.
Features
- First Floor Entry
- Closet Cabinetry
- Elevator
- Entrance Foyer
- Walk-In Closet(s)
- Bay
- Intracoastal View
- Direct Ocean
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- No Daily Rentals
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 $2,300–$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.