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Waterfront · Condominium
$879,000$737 / sqft
650 NE 32nd St # 4104, Miami FL 33137
Listed
2
Bedrooms
3
Bathrooms
1,193 sqft
Interior
2018
Year built
$1,696 / mo
HOA
Condominium
Type
About this home
Stunning 2-bedroom plus den, 3-bath residence at Paraiso Bay featuring a private elevator, spacious layout, and breathtaking views of Biscayne Bay from its beautiful private terrace. Located in one of Edgewater's premier waterfront buildings, this residence offers luxury living with world-class amenities, including a rooftop pool, tennis courts, basketball court, BBQ area, full-service spa, state-of-the-art fitness center, theater, game room, children's playroom, conference room, 24-hour security, covered parking, valet service, and much more. Just steps from the renowned Amara at Paraiso by Chef Michael Schwartz, where you can enjoy exceptional waterfront dining with spectacular bay views. Ideally situated in the heart of Edgewater, one of Miami's most desirable neighborhoods, with quick access to the Design District, Wynwood, Midtown, Miami Beach, Brickell, and Downtown Miami. An exceptional opportunity to enjoy the best of Miami living. Easy to show. Must see!
Features
- Lobby
- Cooking Island
- Elevator
- Great Room
- East Of Us1
- Open Balcony
- Tennis Court(s)
- Bay
- Ocean View
- Pool Area View
- Water View
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.