Atlantic Luxury Advisors
501 31st St #601 photo 1501 31st St #601 photo 2501 31st St #601 photo 3501 31st St #601 photo 4501 31st St #601 photo 5

51 photos

501 31st St #601

Miami, FL 33137

$680,000
3
2
1,110 sq ft
2018
1 car
Condominium
$1,544/mo
100
Active

Listing courtesy of Red Road Real Estate Florida (Mauricio Rojas). Contact: [email protected].

About this home

Exceptional opportunity to own a beautifully FURNISHED 3-Bedroom, 2-Bath residence at Paraiso Bayviews in the heart of Miami's vibrant Edgewater neighborhood. This thoughtfully designed 1,110 SF home features stylish wallpaper throughout, upgraded designer lighting, and a spacious open layout ready for immediate occupancy. Located on the 6th floor, the residence offers pleasant city views and abundant natural light. Paraiso Bayviews is one of Edgewater's premier lifestyle destinations, offering resort-style amenities including a rooftop pool with panoramic bay views, state-of-the-art fitness center, tennis courts, spa, children's playroom, clubhouse, summer kitchens, and more. Residents also enjoy access to the renowned Amara at Paraiso waterfront restaurant by award-winning chef Michael Schwartz. Investor-friendly building allows 30-day rentals up to 12 times per year, making this an excellent option for both end-users and income-focused buyers. Ideally located just minutes from the Design District, Midtown Miami, Wynwood, Downtown Miami, Brickell, Miami Beach, and Miami International Airport. Bank-owned property priced to sell.

What it costs to own
Estimated monthly payment
$6,392/mo
Principal and interest
$3,438
Property tax
$985
Homeowners insurance
$425
HOA
$1,544

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
$11,814/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
$1,544/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.