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$599,000

501 31st St #3009, Miami, FL 33137

Bedrooms
2
Baths
2
Living area
944 ft²
Price per ft²
$635 / ft²
Type
Condo
Year built
2018
HOA
$1,313 / mo HOA
On market
269 days on market
MLS #
A11943770

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.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $635. The median for recorded sales in the same ZIP codes is $912/ft² — putting it 30% below the median.
  • Position in the area’s price distributionThe asking price is $599,000; the median of recorded sales in the area is $683,150 (1,634 sales). On raw price that is 12% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $1,313 per month comes to $15,756 a year — 2.6% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33132, 33137 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$179,700
Term

7.4% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced October 15, 2026.

Estimated monthly payment$2,903
Loan amount
$419,300
Total interest over the term
$625,833
Total repaid
$1,045,133

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Compass Florida, LLC

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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