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What we cover
6
For Sale
$690K
Avg Price
$617
Sale $/SF
2
For Rent
$3,450
Avg Rent
$4.62
Rent $/SF
+46.6%
YoY
For Sale
6
For Rent
2
Investor-Owned
—
Avg HOA
$1,603/mo
Paraiso Bayviews is a premium residential condominium located in the desirable Edgewater neighborhood of Miami at 501 NE 31st Street. The building offers waterfront living with proximity to Miami's vibrant urban amenities and cultural attractions. With units ranging from $479,000 to $849,000, it caters to buyers seeking upscale coastal living in one of Miami's most sought-after neighborhoods.
Address
501 NE 31, Miami
Neighborhood
Miami
Tier
Premium
Avg $/SF
$616.57
Avg Rent
$3,450/mo
Rent $/SF
$4.62/SF
HOA Range
$1,603 – $1,603
Neighborhood Rank
Top 21%
Total Sales (All-Time)
6
Amenities
Sale Price Trend ($/SF)
$617
Rental Price Trend ($/SF)
$4.20
Building Activity
Days on Market
45
days
Normal pace
Months of Inventory
32.0
months
Buyer's market
Sale-to-List Ratio
97.2%
Strong demand
Price Reductions
100%
of listings
Many price cuts
Closed Sales (120d)
1
transactions
Low volume
Active Listings
For Sale (6)

$479K
Unit 2903
$485K
Unit 2705
$500K
Unit 2204
$590K
Unit 307
$789K
Unit 3708
$800K
Unit 3306For Rent (2)

$4K
Unit 607
$4K
Unit 3307Recent Sales
| Date | Price | $/SF | Bed/Bath | SF |
|---|---|---|---|---|
| Dec 23, 2025 | $1.6M | $616.57 | 4/5 | 2,522 |
| Oct 20, 2025 | $417K | $670.42 | 1/1 | 622 |
| Dec 30, 2022 | $485K | $795.08 | 1/— | 610 |
| Feb 26, 2022 | $735K | — | 3/— | — |
| May 24, 2019 | $575K | — |





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Neighborhood
Miami →
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Building Snapshot
| 2/— |
| — |
| Apr 26, 2019 | $551K | $437.57 | 2/— | 1,259 |