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
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Price history
▼ 3.5%Most recent change on 2026-04-24: $850,000 → $820,000.
- Apr 24, 2026$820,000Price change
- Dec 29, 2025$850,000Initial list price
- Jun 20, 2023$790,000Sold
- Jan 31, 2023$795,000Price change
- Dec 4, 2022$850,000Initial list price
- 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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