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$519,000

501 31st St #4002, Miami, FL 33137

Bedrooms
1
Baths
2
Living area
622 ft²
Price per ft²
$834 / ft²
Type
Condo
Year built
2018
HOA
$868 / mo HOA
On market
2 days on market
MLS #
A12110887

LOWER PENTHOUSE | 12-FT CEILINGS | DIRECT BAY VIEWS. Residence 4002 sits on the lower penthouse level of Paraiso Bayviews, 40 floors above Biscayne Bay, where 12-foot ceilings and floor-to-ceiling impact glass frame open views of the bay, the Miami Beach skyline and the Atlantic beyond. This 1-bedroom plus den, 1.5-bath home offers 622 SF of interior living, a 13'8" x 10'6" primary suite and a 22'10" living and dining room opening to a 139 SF northeast-facing balcony made for sunrise over the water. Open kitchen with sleek European cabinetry and built-in appliances, in-unit laundry, tile floors throughout and built-in closet cabinetry. One assigned covered parking space with valet. Paraiso Bayviews, by The Related Group with architecture by Arquitectonica, delivers a full resort lifestyle: rooftop pool deck, second pool and spa, sauna and treatment rooms, fitness center, tennis and paddle courts, theater, billiards, kids room, club room, BBQ areas, 24-hour front desk and valet. Step out to the bayfront park and promenade of the Paraiso District, walk to the shops and restaurants of Midtown Miami, and reach the Miami Design District, Wynwood, Brickell and Downtown in minutes, Miami Beach via the Julia Tuttle Causeway and Miami International Airport in about 20 minutes. Tenant occupied, a turnkey opportunity for investors or a future pied-a-terre in one of Miami's most connected waterfront neighborhoods.

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 $834. The median for recorded sales in the same ZIP codes is $911/ft² — putting it 8% below the median.
  • Position in the area’s price distributionThe asking price is $519,000; the median of recorded sales in the area is $680,000 (1,638 sales). On raw price that is 24% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $868 per month comes to $10,416 a year — 2.0% 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%$155,700
Term

7.32% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced October 22, 2026.

Estimated monthly payment$2,496
Loan amount
$363,300
Total interest over the term
$535,123
Total repaid
$898,423

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

Alure Capital

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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