Active · Condominium
$680,000
501 NE 31st St 601, Miami, FL 33137
- Beds
- 3
- Baths
- 2
- Living area
- 1,110 sq ft
- $ / sq ft
- $613/sq ft
- Year built
- 2018
- Lot size
- —
- HOA fee
- $1,544 Monthly
- Annual tax
- $10,687
About this property
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.
Interior & exterior features
Appliances
- Dryer
- Dishwasher
- Electric Water Heater
- Microwave
- Refrigerator
- Washer
Cooling
- Electric
Heating
- Electric
Views
- Skyline
Parking
- One Space
Interior features
- Bedroom On Main Level
- First Floor Entry
Exterior features
- Barbecue
Flooring
- Porcelain Tile
construction
- Block
security
- Complex Fenced
- Elevator Secured
- Secured Garage Parking
- Key Card Entry
- Security Guard
- Smoke Detectors
association_amenities
- Tennis Courts
association_fee_includes
- Association Management
- Cable Tv
- Hot Water
- Insurance
- Internet
- Maintenance Grounds
- Parking
- Sewer
- Trash
- Water
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$2,574
- Cap rate
- 1.1%
- Net yield
- 1.1%
- Cash-on-cash return
- -16.2%
- Gross yield
- 6.8%
- Mortgage payment
- $3,224/mo
- Down payment
- $170,000
- Loan amount
- $510,000
- Annual NOI
- $7,799
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.