Atlantic Luxury Advisors
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33 photos

501 31st St #3009

Miami, FL 33137

$599,000
2
2
944 sq ft
2018
1 car
Condominium
$1,313/mo
228
Active

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

About this home

Attention investor buyers! Sleek, contemporary furnished 2BD/2BA condo at Paraiso Bayviews for sale. The property is leased until April 19th 2027 for $4,500/M. This residence features 24x24 tile floors throughout its 944 SF of living area in a split floor plan, with in-unit washer/dryer, floor-to-ceiling windows, and private balcony with expansive sunset views. The kitchen has built-in appliances and modern finishes. The unit comes with 1 assigned parking space. Paraiso Bayviews residents enjoy resort-style amenities including a rooftop pool, BBQ, and jacuzzi, fitness center, outdoor tennis and basketball court, spa, club room, billiards and theater room with the lobby interiors designed by Karim Rashid. Prime Edgewater location near Miami’s vibrant Midtown, Wynwood, and Design District neighborhoods with Miami's world class dining, shopping and beaches nearby.

What it costs to own
Estimated monthly payment
$5,577/mo
Principal and interest
$3,029
Property tax
$860
Homeowners insurance
$375
HOA
$1,313

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
$10,316/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
$1,313/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.