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Waterfront · Condominium
$4,599,000$689 / sqft

650 NE 32nd St, Miami FL 33137

6
Bedrooms
8
Bathrooms
6,676 sqft
Interior
2018
Year built
$9,492 / mo
HOA
Condominium
Type

About this home

Welcome to Paraiso Bay’s One-of-a-Kind Combined Bay Home! Experience luxury reimagined in this exclusive 4-story townhouse residence. Boasting expansive interiors and breathtaking bay views, this unique home offers the perfect harmony of space, style, and seamless indoor-outdoor living. Enjoy access to unparalleled amenities, including multiple swimming pools, tennis courts, a state-of-the-art fitness center, wellness facilities, and recreation spaces like bowling lanes, billiards, and a golf simulator. Socialize in resident lounges, a wine-tasting room, or the cigar room, and savor outdoor living with BBQ grills, party pavilions, and a Bayfront park. Ideally located in close proximity to Amara Restaurant, this is waterfront living at its finest.

Features

  • Built-in Features
  • Closet Cabinetry
  • Cooking Island
  • Elevator
  • Other
  • Walk-In Closet(s)
  • Open Balcony
  • Bay
  • Skyline
  • Water View

Estimated loan & HOA

$32,747

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$23,255
HOA
$9,492 / 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.

Courtesy of
The Corcoran Group

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.

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 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.