501 NE 31st St # 2705, Miami FL 33137 | Miami-Dade County | A11967567
- $540,000
- Condominium
- 1
- 1.5
- 1
- 618 Sq Ft
- $540,000
Description
Beautiful Direct Oceanview,WATERVIEW UNIT with an open-concept design! This stunning 1-bed, 1.5-bath condo features a sleek kitchen with quartz countertops, a metal subway backsplash, and top-of-the-line Bosch appliances. Perched on the 27th floor in the exclusive “BUBBLE,” it offers an extended balcony with upgraded designer tile, showcasing breathtaking views of Biscayne Bay and Miami Beach. The master bath stuns with a dual-sink quartz vanity and a unique double-shower design. Amenities include a rooftop glass-enclosed pool, a second pool, tennis courts, gym, spa, sauna, grand saloon, theater, billiards, and a kids’ playroom. Steps from the Design District & Michael Schwartz’s restaurant!
Property Overview
This is a 1-bedroom, 1.5-bath condominium of about 618 square feet at 501 NE 31st St # 2705, Miami FL 33137 (Miami 33137), listed at $540,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $860.
The tax of record is $7,471 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $10,800/yr (≈ $900/mo); with the homestead exemption on a primary residence, about $9,800/yr (≈ $817/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.
Frequently Asked Questions
What is the list price, and what typically conveys with a home like this?
The list price for 501 NE 31st St # 2705 is $540,000. This home is sold furnished, and fixtures and built-in appliances convey with the sale.
Shared community amenities include a barbecue area, billiard room, child play area, clubhouse-clubroom, elevators, exercise room, hobby room, pool, sauna, spa/hot tub, tennis courts, and trash chutes. Contact Christopher Lazaro, Miami Real Estate Professional, to verify these details.
Where exactly is it, and what should I know about the location?
This unit is located at 501 NE 31st St # 2705, Miami FL 33137, situated within the city's coastal corridor. The property is listed at $540,000 for a 1bd/1.5ba layout encompassing approximately 618 sqft.
Contact Christopher Lazaro, Miami Real Estate Professional, to verify specific location details.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee is $860. This fee covers all amenities, building exterior, common area, elevator, landscaping/lawn maintenance, pool service, and recreation facilities.
The community is subject to city ordinances found at https://library.municode.com/fl/miami/codes/code_of_ordinances . Contact Christopher Lazaro, Miami Real Estate Professional, to verify these details.
What are the property taxes and homestead implications?
The tax of record is $7,471 (2025). As an ESTIMATE ONLY, Florida reassesses at sale; at this price and a Miami-Dade rate near 2.0%, the estimate is about $10,800/yr (≈ $900/mo) without homestead, or about $9,800/yr (≈ $817/mo) with the homestead exemption. Florida's homestead exemption lowers taxable value only for a primary residence.
Confirm these figures with the Miami-Dade Property Appraiser and a tax professional, as these are estimates, not quotes. Contact Christopher Lazaro, Miami Real Estate Professional, to verify.
Is the home in a flood zone, and what does that mean?
Flood zones identify areas at risk of flooding, and you can find the specific FEMA definitions at https://www.fema.gov/glossary/flood-zones. View the FEMA flood map for this address to see the designation for this unit. Lenders often require flood insurance in high-risk zones.
Contact Christopher Lazaro, Miami Real Estate Professional, to verify these details.
Are pets allowed?
Pets are allowed, with restrictions or possible restrictions according to the record. A refundable pet fee applies. We will pull the association's exact current pet rules for this unit on request.
Separate federal accommodation rules apply for documented service animals or ESAs. Contact Christopher Lazaro, Miami Real Estate Professional, to verify these details.
How is the price set and is there room to negotiate?
Miami-Dade condos have recently been closing at 94% of list, about 64 days on market (MIAMI REALTORS®, May 2026). The specific price for this unit reflects a CMA for the building and vicinity.
I will provide a Miami-specific CMA before you set an offer. Contact Christopher Lazaro, Miami Real Estate Professional, to verify these details.
What financing step do you recommend before touring?
Secure a pre-approval before touring 501 NE 31st St # 2705 to establish your buying power for this $540,000 property. You should speak with a Florida-licensed MLO to confirm your budget.
Contact Christopher Lazaro, Miami Real Estate Professional, to verify these details.
Monthly Fees & Carrying Costs
| Association Fee | $860 / month |
| Total Monthly Fees | $860 / month |
- Membership Required: No
- Application Fee: $150 (one-time)
Have a question about this Miami listing?
Talk directly with Christopher Lazaro, your Miami real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: 31st St
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City: Miami
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State/county: Miami-Dade County
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Zip/Postal Code: 33137
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Area: PARAISO BAYVIEWS CONDO
Details
Updated on August 17, 2026 at 4:56 pm-
Property ID A11967567
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Price $540,000
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Property Size 618 Sq Ft
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Bedroom 1
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Room 0
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Bathrooms 1.5
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Garage 1
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Year Built 2016
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Type Condominium
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Property Status Active, Residential
Additional details
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Flooring Carpet, Ceramic Floor
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Bedroom Features Entry Level, Primary Bath Shower
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Cooling Central Air
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Association Type Condo
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Building Paraiso Bayviews
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Association Fee Frequency Monthly
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Area Paraiso Bayviews Condo
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Annual Tax 7471
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Association Yes
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Private Pool No
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Listing Terms Conventional, FHA
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Waterfront Yes
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Full Bathrooms 1
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Subdivision PARAISO BAYVIEWS CONDO
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Total Stories 44
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Restrictions Dock Restrictions, Exterior Alterations
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Parking 1 Space, Limited # Of Vehicle
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Heating Central
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2025
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Construction Concrete Block With Brick, Pre-Cast Concrete Construction
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Covered Spaces 1
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Unit Floor 27
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Frontage Bay
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View Ocean View
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Year Built Details Resale
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Pets Allowed Yes
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Attached Yes
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Unit Number 2705
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Inclusions Community Boat Dock,Restricted Salt Water Access, Common Dock
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Half Bathrooms 1
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Flood Zone X
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New Construction No
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Garage Spaces 1
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Style Condo 5+ Stories
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Association Fee 860
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
Features
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