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Condominium at 650 NE 32nd St # 2005, Miami FL 33137Active
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Waterfront · Condominium
$883,000$767 / sqft

650 NE 32nd St # 2005, Miami FL 33137

2
Bedrooms
3
Bathrooms
1,151 sqft
Interior
2018
Year built
$1,700 / mo
HOA
Condominium
Type

About this home

Sophisticated Furnished waterfront residence at Paraiso Bay featuring a private elevator entry that opens directly into a refined foyer, leading into a spacious open layout with unobstructed views of Biscayne Bay extending to the ocean. The residence offers a large terrace, a sleek kitchen with Bosch appliances, and custom-built closets in each bedroom, including a primary suite with an open-concept design. Ideally located in the heart of Edgewater, Paraiso Bay delivers a true resort-style experience with world-class amenities, 24-hour security, valet service, and short-term rental flexibility (30 days), just minutes from the Design District, Wynwood, Brickell, and a curated selection of top restaurants, cafes, and boutiques.

Features

  • Closet Cabinetry
  • Walk-In Closet(s)
  • Open Balcony
  • Tennis Court(s)
  • Bay

Location

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

Estimated loan & HOA

$6,165

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

Principal & interest
$4,465
HOA
$1,700 / 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
Compass Florida, LLC

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.