+1 (786) 228 2839info@veravitare.comMy portal

About this home

Turnkey 1-bedroom, 1.5-bathroom residence on a high floor in one of Paraiso Bay Views' best water-view lines. Floor-to-ceiling, high-impact glass and open water views, offered fully furnished and move-in ready. A dedicated home-office area off the entry fits a desk and workstation and a renovated powder room. Upgraded vinyl flooring runs throughout, with wood deck tiles on the private balcony. Priced to sell: the most competitive price among high-rise floors with stunning water views. Building amenities include rooftop and sunset pools, lighted tennis and paddle courts, a fitness center, spa and sauna, theater, billiards and game room, playroom, and barbecue areas, with 24-hour doorman security, a secured garage, and valet parking. Minutes from Midtown, the Design District, and Wynwood, with Publix, Whole Foods, Trader Joe's, and dining nearby, easy access to Miami Beach, and about 15 minutes to Miami International Airport. Leasing is allowed at a 30-day minimum, up to 12 times per year, a fit for a primary residence, a seasonal retreat, or a second home with rental income.

Facts & features

Interior

  • Walk-In Closet(s)
  • Den/Library/Office

Exterior

  • Open Balcony

Appliances

  • Dishwasher
  • Disposal
  • Dryer
  • Electric Range
  • Electric Water Heater
  • Microwave
  • Refrigerator
  • Washer

Cooling & heating

  • Central Air
  • Electric
  • Central
  • Electric

Flooring

  • Vinyl

Parking

  • 1 Space
  • Valet

View

  • Bay
  • Water View

Community amenities

  • Clubhouse-Clubroom
  • Elevator(s)
  • Exercise Room
  • Pickleball
  • Pool
  • Tennis Court(s)

Security

  • Doorman
  • Elevator Secure
  • Secured Garage/Parking

Maintenance includes

  • All Amenities
  • Building Exterior
  • Cable Tv
  • Common Area
  • Elevator
  • Insurance
  • Internet/WiFi
  • Manager
  • Outside Maintenance
  • Reserve Fund

Construction & roof

  • Concrete Block Construction

Location

501 NE 31st St, Miami

Mortgage Estimator

Estimate your monthly cost.

For a personalized quote or pre-approval, we'll connect you with one of our trusted lending partners.

Home priceUSD
Enter as digits, with commas, or shorthand: 1.9M · 1900K · 1,895,000
ZIP codeMiami-Dade
Miami-Dade County (exact match).
Payment typeFinanced
Conventional or jumbo loan, depending on size.
Down payment20% · $89,800
%
$359,200 financed
Loan termyears
Base rate% (760+ band)
Loading current market rate...
Your rate at 740-759:6.995%(base + 0.12%)
Primary residenceNo
No homestead exemption — full property tax applies.
Credit score banddrives rate
Lenders price LLPA adjustments by credit band. See impact panel for monthly + lifetime deltas.
Your finances optional, for DTI
Gross annual income
$
Other monthly debts
$
Household combined pre-tax income and the sum of your monthly debt-service payments (auto loans, student loans, credit-card minimums). We don't count groceries, utilities, or insurance — those don't factor into lender DTI.
Estimated monthly
$4,290
Per month, all-in
56%P&I SHARE
Monthly breakdown
  • Principal & interest$2,38956%
  • Property taxes$67616%
  • Insurance$3669%
  • HOA$86020%

Tax: From listing — annual tax of record.

Insurance: Direct coastal exposure — Florida hurricane corridor. Estimate; actual quote can be 30–50% higher on older homes or homes without wind mitigation.

Cash & qualification
Cash at closing
$110,347
Income to qualify
$184,000/yr
Credit-score impact

Improving from 740-759 to 760+ would save $29/mo and $10,394 over the life of this loan.

Over the life of the loan
Total paid
$859,882
Total interest
$500,682
Paid off
2056
Speak with a lender
Preferred lender

Talk numbers with someone who knows the market.

Vera Vita is not a lender and does not earn a referral fee on lender introductions. Rates, terms, and approval remain between you and your lender of choice.

Similar listings

More in Miami.

The data relating to real estate for sale on this web site comes in part from the participants of the Miami Association of REALTORS® IDX program. Information is deemed reliable but not guaranteed. Listings displayed may not reflect all real estate activity in the market. Copyright © 2026 Miami Association of REALTORS®. All rights reserved.