Get Market Updates

Stay informed on Miami condo trends

What we cover

Price trendsNew listingsInvestment scoresNeighborhood insights

Free, no spam. Unsubscribe anytime.

Buildings/Miami/PARAISO BAY CONDO

Premium

PARAISO BAY CONDO

650 NE 32 ST, Miami 33137

★ 4.2

2018

Year Built

365

Units

CI Score

Moderate

For Sale

$910K

Avg Price

$769

Sale $/SF

For Rent

$5,250

Avg Rent

$5.68

Rent $/SF

+5.4%

YoY

For Sale

For Rent

Investor-Owned

85%

Avg HOA

$1,600/mo

Building Details

Address

650 NE 32 ST, Miami, 33137

Neighborhood

Miami

Year Built

2018

Total Units

365

Avg Unit Sqft

1,248 SF

Tier

Premium

Developer

The Related Group

Avg $/SF

$768.64

Avg Rent

$5,250/mo

Rent $/SF

$5.68/SF

HOA Range

$870 – $4,414

Google Rating

4.2 (337 reviews)

Neighborhood Rank

Top 8%

Avg Unit Value

$814K

Total Sales (All-Time)

591

Phone

(786) 369-5254

Visit Building Website →

Investment Analysis

Yield Metrics

Rental Yield (annualized)7.8%

YoY Appreciation+5.4%

Total Yield73.9%

Median Rent$5,250/mo

YoY Rent Change-0.8%

YoY Sale $/SF Change-9.6%

Liquidity & Demand

Closed Sales (120d)4

Days on Market88 days

Months of Inventory34.0

Sale-to-List Ratio0.9%

Price Reduction Rate75%

Investor-Owned85%

For Sale6

For Rent6

Top 8%

Neighborhood percentile

Market Data

Sale Price Trend ($/SF)

$726

-3.0%

Rental Price Trend ($/SF)

$5.35

+4.5%

Building Activity

Days on Market

days

Normal pace

Months of Inventory

34.0

months

Buyer's market

Sale-to-List Ratio

95.0%

Fair negotiation

Price Reductions

75%

of listings

Many price cuts

Closed Sales (120d)

transactions

Moderate activity

Median Rent

$5,250

/month

Sales & Listings

Active Listings

For Sale (6)

$630K

706 sf

$675K

Unit 2108

1 bd2 ba706 sf

$956/SF80 DOM

$686K

Unit 4008

1 bd2 ba706 sf

$972/SF2 DOM

$719K

Unit 3108

1 bd2 ba706 sf

$1018/SF227 DOM

$750K

Unit 3508

1 bd2 ba706 sf

$1062/SF274 DOM

$780K

Unit 2507

1 bd2 ba898 sf

$869/SF1 DOM

For Rent (6)

$4K

Unit 608

1 bd2 ba706 sf

$5K

Unit 3808

1 bd2 ba706 sf

$7/SF2 DOM

$5K

Unit 4308

1 bd2 ba706 sf

$7/SF7 DOM

$5K

Unit 706

2 bd2 ba1,067 sf

$5/SF

$5K

Unit 1107

1 bd2 ba898 sf

$6/SF39 DOM

$5K

Unit 4306

2 bd2 ba1,067 sf

$5/SF4 DOM

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Feb 17, 2026	$850K	$712.49	2/3	1,193
Feb 2, 2026	$769K	$856.35	1/2	898
Jan 7, 2026	$700K	$779.51	1/2	898
Aug 11, 2025	$1.9M	$988.25	4/4	1,872
Jul 28, 2025	$1.8M

Units & Ownership

Total Units

365

Avg Sqft

1,248 SF

Avg Assessed

$795K

Owner-Occupied

15%

Tax & Ownership

Investor-Owned

85%

Owner-Occupied

15%

Avg Assessed Value

$795K

Avg Taxable Value

$787K

Effective Year Built

2018

Zoning

5000

Unit Mix

1 BR107

Avg 831 SF

2 BR192

Avg 1,165 SF

3 BR27

Avg 1,853 SF

4 BR37

Avg 2,359 SF

5 BR1

Avg 4,210 SF

Unknown1

Unit Directory

Showing 10 of 365 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
—	—	—	—	—	—	—	—	—
601	3	3	1,646	$997K	—	$1.1M	$683	Apr 2023
602	2	3	1,175	$664K	—	$700K	$596	May 2018
603	2	3	1,198	$664K	—	$790K	$659	May 2018
604	2	3	1,193	$664K	✓	$930K	$780	Oct 2023
605	2	3	1,151	$664K	—	$686K	$596	May 2018
606	2	2	1,067	$640K	—	$641K	$601	May 2018
607	1	2	898	$520K	—	$530K	$590	Feb 2020
608	1	1	706	$387K	—	$435K	$616	Apr 2018
701	3	3	1,646	$982K	✓	$950K	$577	Jan 2022