For saleReduced $50,000 from $539,000Virtual tour

$489,000

1 beds662 sq ft

501 Ne 31st St #3003Miami, FL 33137

Homes, condos and townhomes · MLS 11410888 · Listed 961 days ago (Mar 13, 2024)

Ocean or gulf · Bay, harbor, inlet or sound · Shared waterfront site · Waterfront details

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For sale: Listed and available according to the MyStateMLS feed.

About this property

Enjoy exquisite views from your balcony at the 30th floor. The unit has 9' ceiling heights, floor to ceiling impact glass, high-end Bosch appliances and Sub-Zero refrigerator. Paraiso Bayviews features a rooftop pool on the 46th floor with gorgeous panoramic views of the bay and city, a second pool in the 5th floor, tennis courts, fitness center with a apa, game and children's room and party room. 30 days minimum rentals, 12 times per year.

Description provided by the listing brokerage.

MLS-reported waterfront

Waterfront details

The home is part of a condominium, cooperative or community whose shared site is reported as waterfront. Shoreline and docks are typically common or community property, not owned by the individual unit.

Relationship to the water
Shared waterfront site
Water body
Not provided. Ask the listing agent.
Frontage length
Not provided. Ask the listing agent.
Water access arrangement
Not provided. Ask the listing agent.
Docks, slips, lifts, moorings
Not provided. Ask the listing agent.
Dock depth
Not provided. Ask the listing agent.
Shoreline
Not provided. Ask the listing agent.
Seasonal or tidal conditions
Not provided. Ask the listing agent.
Boating limits (bridges, depth, open-water access)
Not provided. Ask the listing agent.
Why this is listed as waterfront
  • WaterfrontYN “Yes”: The listing is marked waterfront.
  • WaterfrontFeatures “Ocean Front, Bay”: Includes a "… Front" value describing frontage.
  • PropertyTypeDetail “condo”: A unit on a shared (condominium-style) site.

Classified from fields in the MyStateMLS listing data. It has not been independently verified, and it is not a survey, title examination or legal determination of shoreline or access rights. Rules version 2026-10-29.1. How we classify waterfront

Something wrong with this classification? Report a waterfront classification issue. Questions about frontage, docks or access are best answered by Compass Florida, LLC.

Facts

List price
$489,000
Original list price
$539,000
Status
For sale
Property type
Condo
Bedrooms
1
Full baths
1
Half baths
1
Interior area
662 sq ft
Year built
2018
Garage spaces
1
County
Miami-Dade County
MLS number
11410888
Annual property tax (2023)
$6,877

Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them.

Features

Appliances

  • Washer
  • Range
  • Microwave
  • Refrigerator
  • Dryer
  • Dishwasher

Flooring

  • Carpet

Heating

  • Electric

Virtual tours

Location

The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or shoreline, and no flood, wetland or hazard conclusion should be drawn from it. See more listings in Miami.

Price and status history

  • Original list price reported by the brokerage: $539,000

Changes observed by Waterfront Homes in MyStateMLS data since Oct 29, 2026. This is not a public-record sales history; MyStateMLS does not publish sold prices.

Estimate a monthly payment

$97,800
Illustrative. Replace with a quote from your lender.
From the listing (tax year 2023). Taxes can change after a sale.
Get a quote; rates vary widely by location.
Manufactured homes on a leased lot.
Applied only while the loan is over 80% of the price. Illustrative.

Estimated monthly payment

$3,187 per month

Principal and interest$2,473
Property tax$573
Homeowners insurance$142
Loan amount$391,200
Total interest over the term$498,954

An estimate for comparison only, not a loan offer or approval. Actual rates, taxes, insurance, PMI and fees depend on your lender, credit, location and loan program.

Similar waterfront listings nearby

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Southwest-facing
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Photo 1 of 16, home at 888 Biscayne Blvd #411, Miami, FL 33132
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Questions to ask before you buy

Questions worth investigating for any waterfront property. They are not claims that this property has a problem or meets any condition.

  1. Who owns the shoreline and the land under the water, and are there easements or public-access rights along it?Ownership can stop at a high-water line, a survey line or a seawall. A title search and survey answer this, not the listing.
  2. Is a dock, slip, lift or mooring included, and do the rights transfer to you?Docks can be shared, leased, assigned by an association or held under a permit that does not automatically transfer.
  3. What permits exist for the dock, seawall or other shoreline structures, and what would new work require?Shoreline work is often regulated by local, state and federal agencies.
  4. How much does the water level change by season, by tide or by reservoir management?Depth at a dock in one season can differ a lot in another.
  5. What does flood insurance cost for this property, and what does the current flood map show?Get a quote from an insurer or agent. A flood zone is not a premium, and no zone does not mean no risk.
  6. What maintenance does the shoreline need (seawall, bulkhead, riprap, erosion), and what has been done recently?Shoreline structures are expensive to repair; ask for records and inspection reports.
  7. How are water, sewer or septic, and power provided?Waterfront septic systems and wells can have extra rules and inspections.
  8. How do you reach the property by road year-round, and who maintains that road?Some waterfront roads are private, seasonal or shared.
  9. What local rules apply: rentals, docks, boat lifts, fences, tree removal, setbacks?Rules come from the town, county, state, lake authority or association and vary widely.

Printable due-diligence checklist · Ownership budget planner · FEMA Flood Map Service Center (official flood maps; look up the address yourself)

Guides and next steps

Listing courtesy of Compass Florida, LLC. Listings provided by MyStateMLS.

Listing last updated by the brokerage Mar 18, 2026, 11:51 AM UTC. Waterfront Homes last received MyStateMLS data Oct 30, 2026, 9:32 PM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing agent.