Atlantic Luxury Advisors
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49 photos

501 31st St #2904

Miami, FL 33137

$449,000
1
1.5
610 sq ft
2018
1 car
Condominium
$848/mo
69
Active

Listing courtesy of PMG Residential LLC (Irene Fajardo). Contact: [email protected].

About this home

Bright and modern 1-bedroom, 1.5-bath residence at Paraiso Bayviews, offering luxury living with stunning water and Miami skyline views. This unfurnished condo features floor-to-ceiling glass windows and doors, 9-foot ceilings, porcelain tile flooring throughout, and a spacious private terrace perfect for relaxing and enjoying the view. The open-concept kitchen is equipped with Italian cabinetry, Bosch appliances, quartz countertops, and premium finishes. Additional features include roller shades, an in-unit washer and dryer, a guest powder room, and a private, assigned storage cage located within a secure, owner-access-only storage room. Designed by Arquitectónica with interiors by Karim Rashid, Paraiso Bayviews offers exceptional resort-style amenities, including a rooftop pool and sundeck, second pool on the fifth floor, state-of-the-art fitness center, spa, tennis and basketball courts, BBQ areas, club room, game room, theater, beach club access, and 24-hour attended lobby. Ideally located in the heart of Edgewater, just minutes from Wynwood, the Design District, Midtown, and Downtown Miami, this residence offers the perfect combination of comfort, convenience, and luxury in one of Miami’s most sought-after waterfront communities.

What it costs to own
Estimated monthly payment
$4,030/mo
Principal and interest
$2,270
Property tax
$629
Homeowners insurance
$283
HOA
$848

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$7,543/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
$848/mo (from the listing)
FEMA flood zone
Zone AE, special flood hazard area

Inside the 1% annual chance floodplain. Lenders require flood insurance on a financed home; ask for the elevation certificate.

Hurricane evacuation zone
Zone C: ordered to evacuate for Category 2 hurricanes and stronger.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.