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501 NE 31st St Unit 401
Condo
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$820,000

$739/sqft

501 NE 31st St Unit 401, Miami

3 bd·2 ba·1,110 sqft
Built 2018Paraiso Bay

501 NE 31st St Unit 401, Miami, FL

3 bd · 2 ba · 1,110 sqft Condo listed at $820,000, built in 2018 in the Paraiso Bay neighborhood.

About this home

Located in the sought-after Paraiso neighborhood, this residence offers a rare blend of lifestyle, flexibility, and long-term value. Sold with high-end Ligne Roset furnishings, the unit features 10'+ ceilings, generous living space, and parking conveniently located on the same floor. Investor-friendly rental policy allows 30-day minimum rentals up to 3 times per year. Residents enjoy a wellness-centric environment with resort-style amenities, spa, state-of-the-art fitness center, and curated fitness classes. Paraiso is a walkable waterfront community with Amara Bayfront restaurant, cafes, shops, daily conveniences, bayfront dog park, green spaces, and proximity to quality schools-ideally located near Midtown and the Design District, minutes to the beach, Brickell, and the Performing Arts Center.

Property details

Price
$820,000
Bedrooms
3
Bathrooms
2
Interior
1,110 sqft
Price / sqft
$739
Year built
2018
Type
Condo
Days on market
118
Est. property tax
$7,052/yr · $588/mo · 0.86% FL avg
Last sold
$790,000 · Jul 2023

Estimated monthly payment

Down payment20% ($164,000)
Interest rate6.75%
Principal & Interest$4,255
Property Tax$752
Insurance$150
Total$5,156/mo

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Price history

3.5%Most recent change on 2026-04-24: $850,000$820,000.

$874K$730K$587K$611K on Sep 18 (Sold)$850K on Dec 22 (Initial list)$795K on Jan 23 (Price change)$790K on Jun 23 (Sold)$850K on Dec 25 (Initial list)$820K on Apr 26 (Price change)
$611K · Sep 18$820K · Apr 26
  1. Apr 24, 2026$820,000Price change
  2. Dec 29, 2025$850,000Initial list price
  3. Jun 20, 2023$790,000Sold
  4. Jan 31, 2023$795,000Price change
  5. Dec 4, 2022$850,000Initial list price
  6. Sep 19, 2018$610,900Sold

Location

This home is located in Miami, FL, in the South Florida area. Browse more Miami listings on the Miami market page or explore the full Miami market report.

Home Intelligence

Neighborhood (zip 33137)

This neighborhood is primarily renter-occupied (26% owner-occupied). Median age is 34.3; 28% hold a bachelor's degree; median household income is $71,348.

Median income
$71,348
Median age
34.3
Owner-occupied
26.3%
Bachelor's degree
28.3%
Census median home value
$462,200

Source: US Census Bureau American Community Survey 5-year estimates.

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