501 NE 31st St # 3607, Miami FL 33137, MIAMI, FL, 33137
Active398 days on marketListed Jul 16, 2025MLS #A11841672
About this home
501 NE 31st St # 3607, Miami FL 33137
Reintroducing to market: Bright and modern 1-bedroom, 1.5-bath condo at Paraiso Bayviews, offering floor-to-ceiling windows, 9-ft ceilings, a sleek open kitchen, and a spacious private terrace with Miami skyline views. This well-appointed residence includes a convenient half bath for guests and generous living space for entertaining or relaxing. Enjoy full access to resort-style amenities: rooftop pool, fitness center, spa, tennis court, game room, theater, and beach club. Located in vibrant Edgewater, just minutes from Wynwood, Design District, and Downtown Miami. Don't miss this rare opportunity to own in one of Miami's most sought-after luxury towers.
Facts & features
The home at a glance
1
Bedrooms
1.5
Bathrooms
746
Sqft
1
Garage
2018
Year built
$677
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$5,013 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$5,013/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+0.3%
$/sqft vs PARAISO BAYVIEWS CONDO
$677 vs $727
Days on market
398 vs 66 typical
Where $677/sqft sits among the 25 homes for sale in PARAISO BAYVIEWS CONDO
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Edgewater
Get to know Miami. See the full Miami guide →
Edgewater — neighborhood snapshot
Population
19,496
Median age
35
Median income
$117,257
Median home value
$420,344
Avg household
2
Households w/ children
1,579
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami market
$508K → $590K
Miami median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
0 of 25
PARAISO BAYVIEWS CONDO have cut their price
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 7% above the MIAMI 33137 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 501 NE 31st St # 3607
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’25$417,000
501 NE 31st St # 1402, Miami FL 33137 · same community
1 bd · 1 ba · 622 sqft · $670/sqft · 275 DOM
Sold · Dec ’25$460,000
501 NE 31st St # 2802, Miami FL 33137 · same community
1 bd · 1.5 ba · 622 sqft · $740/sqft · 162 DOM
Sold · Oct ’25$450,000
501 NE 31st St # 2402, Miami FL 33137 · same community
1 bd · 1 ba · 622 sqft · $723/sqft · 69 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Jasmine Ince
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 501 NE 31st St # 3607 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 501 NE 31st St # 3607 — before you fall in love.
See it in person
Schedule a tour
Live availability from Jasmine's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
501 NE 31st St # 3607 FAQs
What would the monthly payment be for 501 NE 31st St # 3607, Miami FL 33137?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $5,013/mo — principal and interest, the actual property-tax bill, the $1,041/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 501 NE 31st St # 3607, Miami FL 33137?+
The association fee works out to $1,041 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 501 NE 31st St # 3607, Miami FL 33137?+
The most recent tax bill on record (2024) was $7,386. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 501 NE 31st St # 3607, Miami FL 33137?+
The listing reports pets: Dogs OK. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Miami?+
At $505,000, this home is listed about 17% below the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 501 NE 31st St # 3607, Miami FL 33137?+
Eneida M. Hartner Elementary School (elementary), Jose De Diego Middle School (middle), District Instructional Center (Dic) (), Booker T. Washington Senior High (high), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Bay & Ocean View & Skyline views
The bay and ocean view and skyline view is part of what you're buying — views hold value independently of the structure.
02Know the monthly fee
The association fee is $1,041/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
03Time on market is leverage
398 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $535,000, now $505,000 — a $30K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of Synergy Realty Advisors · Giovanni Vasquez. MLS #A11841672.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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