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Condominium at 501 NE 31st St # 202, Miami FL 33137Active
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Condominium
$429,000$690 / sqft

501 NE 31st St # 202, Miami FL 33137

1
Bedrooms
2
Bathrooms
622 sqft
Interior
2018
Year built
$949 / mo
HOA
Condominium
Type

About this home

OPPORTUNITY PRICE!!! $429,000. PARKING SPACE in the same level!!!This beautifully furnished 1-bedroom plus 1.5-bathroom apartment is located just 5 minutes from the vibrant Midtown and Design District, offering a variety of shops and dining options. Only 10 minutes from the beach and 15 minutes from the airport, it’s ideally situated for convenience. The unit features expansive floor-to-ceiling windows, providing ample natural light and stunning views. Enjoy top-tier amenities at Paraiso Bayviews, including a rooftop pool, sunset pool, lighted tennis courts, paddle courts, BBQ areas, children’s playroom, billiards room, cutting-edge fitness center, theater, spa, valet parking.

Features

  • Cooking Island
  • Fire Sprinklers
  • Open Balcony
  • Other View

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$3,118

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

Principal & interest
$2,169
HOA
$949 / 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
Miami Premier Realty

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.