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Buildings/Miami/PARAISO BAYVIEWS CONDO

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PARAISO BAYVIEWS CONDO

501 NE 31 ST, Miami 33137

★ 4.0

2018

Year Built

390

Units

CI Score

Moderate

For Sale

$650K

Avg Price

$724

Sale $/SF

For Rent

$3,850

Avg Rent

$5.06

Rent $/SF

+1.7%

YoY

For Sale

For Rent

Investor-Owned

91%

Avg HOA

$1,300/mo

Building Details

Address

501 NE 31 ST, Miami, 33137

Neighborhood

Miami

Year Built

2018

Total Units

390

Avg Unit Sqft

922 SF

Tier

Premium

Developer

The Related Group

Avg $/SF

$724.36

Avg Rent

$3,850/mo

Rent $/SF

$5.06/SF

HOA Range

$865 – $1,608

Google Rating

4.0 (34 reviews)

Neighborhood Rank

Top 7%

Avg Unit Value

$502K

Total Sales (All-Time)

659

Phone

(305) 361-0229

Investment Analysis

Yield Metrics

Rental Yield (annualized)10.3%

YoY Appreciation+1.7%

Total Yield34.6%

Median Rent$3,850/mo

Liquidity & Demand

Closed Sales (120d)4

Days on Market130 days

Months of Inventory24.0

Sale-to-List Ratio0.9%

Price Reduction Rate100%

Investor-Owned91%

For Sale6

For Rent6

Top 7%

Neighborhood percentile

Market Data

Sale Price Trend ($/SF)

$691

-9.9%

Rental Price Trend ($/SF)

$4.56

+4.6%

Building Activity

Days on Market

Sales & Listings

Active Listings

For Sale (6)

$439K

Unit 202

1 bd2 ba622 sf

$706/SF48 DOM

$450K

Unit 302

1 bd2 ba622 sf

$723/SF

$470K

1 bd2 ba610 sf

$485K

Unit 2003

1 bd2 ba662 sf

$733/SF1 DOM

$498K

1 bd2 ba622 sf

$505K

1 bd2 ba746 sf

For Rent (6)

$3K

1 bd2 ba746 sf

$3K

Unit 203

1 bd2 ba622 sf

$5/SF42 DOM

$3K

Unit 2404

1 bd2 ba610 sf

$5/SF8 DOM

$3K

1 bd2 ba610 sf

$5/SF120 DOM

$3K

Unit 1502

1 bd1 ba622 sf

$5/SF14 DOM

$3K

Unit 2902

1 bd2 ba622 sf

$5/SF2 DOM

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Dec 31, 2025	$435K	$699.36	1/1	622
Dec 12, 2025	$468K	$767.21	1/2	610
Dec 2, 2025	$460K	$739.55	1/2	622
Nov 21, 2025	$580K	$614.41	2/2	944
Nov 6, 2025	$908K

Units & Ownership

Total Units

390

Avg Sqft

922 SF

Avg Assessed

$489K

Owner-Occupied

Tax & Ownership

Investor-Owned

91%

Owner-Occupied

Avg Assessed Value

$489K

Avg Taxable Value

$485K

Effective Year Built

2018

Zoning

4604

Unit Mix

Studio30

Avg 1,393 SF

1 BR177

Avg 656 SF

2 BR99

Avg 1,057 SF

3 BR74

Avg 1,131 SF

4 BR2

Avg 2,197 SF

Unknown8

Avg 1,122 SF

Unit Directory

Showing 10 of 390 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
201	3	2	1,110	$553K	—	$780K	$703	Jul 2023
202	1	1	622	$356K	—	$357K	$574	Jul 2018
203	1	1	622	$360K	—	$425K	$683	Aug 2022
204	1	1	610	$334K	—	$357K	$585	Dec 2018
205	1	1	618	$360K	—	$400K	$647	Sep 2024
206	3	2	1,152	$550K	—	$610K	$530	May 2022
207	0	0	1,069	$497K	—	$478K	$447	Dec 2021
210	0	0	1,324	$540K	—	$620K	$468	Oct 2023
301	3	2	1,110	$530K	—	$680K	$613	Jan 2025
302	1	1	622	$342K	—	$359K	$577	Aug 2018