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501 NE 31st St #2006
Miami, FL 33137
Listing courtesy of Douglas Elliman. Contact: [email protected].
Beautiful corner residence with a spacious wraparound terrace and sweeping views of Biscayne Bay, Miami Beach and the Miami skyline. This 3 BD, 2 BA residence at Paraiso Bayviews is turn-key and offers an open, light-filled layout with seamless indoor-outdoor living. Porcelain wood floors run throughout the living areas, hallways and out onto the balcony, while a custom built-in dining table with extra storage and Bosch appliances complete the move-in-ready feel. Three sets of sliding glass doors from the living room and two of the bedrooms open directly onto the wraparound terrace, framing panoramic views from multiple directions and making it easy to wake up to sunrise over the bay. The building offers an impressive array of resort-style amenities, including two pools plus a rooftop pool, tennis courts, fully equipped fitness center, sauna and steam room, and more. Ideally located in Edgewater, just minutes from Midtown, Wynwood, the Miami Design District and Downtown Miami. A rare opportunity to enjoy expansive outdoor living, exceptional views and a full-service Miami lifestyle.
- Principal and interest
- $3,969
- Property tax
- $1,146
- Homeowners insurance
- $492
- HOA
- $0
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.
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.
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.
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.
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.