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Waterfront · Condominium
$825,000$723 / sqft
501 NE 31st St # 3110, Miami FL 33137
Listed
2
Bedrooms
3
Bathrooms
1,141 sqft
Interior
2018
Year built
$1,541 / mo
HOA
Condominium
Type
About this home
Spectacular 2-bedroom plus den residence on the 31st floor of the prestigious Paraiso Bayviews. This high-floor unit features an expansive layout with floor-to-ceiling windows that flood the space with natural light and offer breathtaking city and sunset views. Designed by Karim Rashid, this modern apartment boasts high-end finishes and a spacious balcony perfect for entertaining. Residents enjoy world-class amenities: a 9th-floor sunset pool, tennis courts, state-of-the-art gym, spa, and an exclusive rooftop pool (44th floor) with 360-degree views. Located in the heart of Edgewater, you are steps away from the Paraiso District’s private beach club, Michael Schwartz’s restaurant, and minutes from Wynwood, Design District, and Miami Beach. Investment friendly: allows 12 rentals per year (30-day minimum).
Features
- Lobby
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Fire Sprinklers
- Walk-In Closet(s)
- Den/Library/Office
- Open Balcony
- Bay
Leasing
- Minimum lease
- 12 days
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.