Atlantic Luxury AdvisorsKeller Williams Realty Services

32 photos

501 31st St #3906

Miami, FL 33137

$849,900
3
2
1,152 sq ft
2018
1 car
Condominium
$1,608/mo
Yes
364
Active

Listing courtesy of Partnership Realty Inc.. Contact: [email protected].

About this home

BEST VIEW IN THIS CONDO. And PAY ATTENTION to the building that is being constructed on the left. It will be 37 floors, so in this unit you will not lose any view!!! A beautiful panoramic views of Biscayne Bay and the vibrant Miami skyline from your private, floor-to-ceiling glass-enclosed balcony. This modern 3-bedroom, 2-bathroom condo features an open-concept layout, an Italian kitchen with top-of-the-line Bosch appliances, and a spacious living area perfect for entertaining. The building, designed by Arquitectonica, offers resort-style amenities including a rooftop pool, state-of-the-art fitness center, spa, movie theater, and a private beach club with access to the exclusive Amara at Paraiso restaurant. Located in the heart of Miami's Edgewater neighborhood, you're just minutes from the Design District, Wynwood, and the city's best dining and entertainment. Experience the ultimate in luxury urban living! Easy to show.

What it costs to own
Estimated monthly payment
$7,685/mo
Principal and interest
$4,298
Property tax
$1,246
Homeowners insurance
$533
HOA
$1,608

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
$14,955/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.

The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.

HOA
$1,608/mo (from the listing)
FEMA flood zone
Lookup unavailable. Check the FEMA map
Hurricane evacuation zone
Lookup unavailable. Know your zone

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.

Florida condo safety laws

Gran Paraiso Condo was built in 2018, according to the county property appraiser.

If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one is due by December 31, 2048. A local building official may require it at 25 years near salt water.

Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.

Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.

Location
Location from the listing's MLS coordinatesMap data © OpenStreetMap contributors

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 Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.