Atlantic Luxury Advisors
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78 photos

501 31st St #2808

Miami, FL 33137

$1,395,000
4
4
2,074 sq ft
2018
2 car
Condominium
$2,885/mo
0
Active

Listing courtesy of Compass Florida, LLC (Samuel Simpkin). Contact: [email protected].

About this home

Experience elevated Miami living in the only oversized two-story residence at Paraiso Bayviews, ideally located in the heart of Edgewater. This home offers the space and feel of a private residence combined with the convenience and amenities of luxury living. With brand-new herringbone flooring and fresh interior paint, the residence features a bright, contemporary aesthetic throughout. Expansive windows and multiple private balconies showcase Miami's beautiful city skyline and water views. All bedrooms have en-suite bathrooms for added privacy and convenience. The two-level layout provides excellent separation between living and private spaces and offers exceptional flexibility for everyday living, entertaining, a home office, or guest accommodations. Generously scaled throughout, it is a rare find among Edgewater's newer residences. Paraiso Bayviews offers resort-style amenities, including a rooftop pool, fitness center, pickleball, tennis court, spa, movie theater, game and party rooms, children's playroom, BBQ areas, and more. Located in Edgewater, minutes from the Miami Design District, Wynwood, Midtown, Downtown Miami, Brickell, and Miami Beach, this residence puts Miami's best dining, shopping, art, entertainment, and waterfront recreation within easy reach. A rare opportunity to enjoy space, views, and a true two-story layout in one of Miami's most desirable urban neighborhoods. Schedule your private showing today.

What it costs to own
Estimated monthly payment
$12,900/mo
Principal and interest
$7,054
Property tax
$2,086
Homeowners insurance
$875
HOA
$2,885

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
$25,034/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
$2,885/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.