30
  • Type
  • Condominium
  • 2
  • Bedrooms
  • 2
  • Bathrooms
  • 1
  • Garage
  • 1069 Sq Ft
  • Area Size
501 NE 31st St # 307, Miami FL 33137 | Miami-Dade County | A11930200
  • $569,000

Description

Enjoy this beautiful fully furnished 2 bedroom + Den & 2 bathroom, luxurious finishes, tile floor and top of the line open kitchen. Centrally located closed to Midtown, Design Distric, Brickell, Downtown and Miami Beach. With world class amenities, rooftop pool, 24 hours front desk, security, club room, kids room, sauna, theater, fitness center, tennis court, valet parking and much more. Valet parking on site. 1 assigned parking space. Excellent investment opportunity with an established tenant in place.

Property Overview

This is a 2-bedroom, 2-bath condominium of about 1069 square feet at 501 NE 31st St # 307, Miami FL 33137 (Miami 33137), listed at $569,000.

Monthly Costs, Stated Plainly

The monthly HOA fee is $1,493.

The tax of record is $9,590 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $11,380/yr (≈ $948/mo); with the homestead exemption on a primary residence, about $10,380/yr (≈ $865/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 is $569,000. The unit is explicitly listed as Furnished, meaning all furniture and decor present at showings are included. Fixtures and built-in appliances also convey with the home.

Community amenities, provided and maintained by the HOA, include a Business Center, Child Play Area, Elevator(s), Exercise Room, Pool, Sauna, Spa/Hot Tub, and Trash Chute. For a precise verification of all included items, you should contact Christopher Lazaro, Miami Real Estate Realtor.

Where exactly is it, and what should I know about the location?

The property is located at 501 NE 31st Street, Unit 307, within the 33137 zip code of Miami. This places it in the city's coastal corridor, offering convenient proximity to Biscayne Bay.

For a detailed discussion of the immediate neighborhood's specific amenities and traffic patterns, you should contact Christopher Lazaro, Miami Real Estate Realtor, for verification.

What are the HOA / association fees, and what do they cover?

The monthly HOA fee for this condominium is $1,493. According to the association records, this fee covers: All Amenities, Building Exterior, Cable Tv, Elevator, Hot Water, Insurance, Internet/WiFi, Parking, Pool Service, Recreation Facilities, Sewer, Trash Removal, and Water. As with all communities in the city, it is also subject to Miami municipal ordinances.

For a precise breakdown of these costs and any related rules, you should confirm the details directly with Christopher Lazaro, Miami Real Estate Realtor.

What are the property taxes and homestead implications?

The tax of record is $9,590 for 2025. As an estimate only, Florida reassesses upon sale. At the list price of $569,000 and a Miami-Dade rate near 2.0%, the estimated annual tax would be approximately $11,380 without a homestead exemption, or about $10,380 with it. The homestead exemption lowers the taxable value for a primary residence only.

These are estimates, not quotes. You should confirm exact figures with the Miami-Dade Property Appraiser and a tax professional. For a detailed review, contact Christopher Lazaro, Miami Real Estate Realtor.

Is the home in a flood zone, and what does that mean?

The property at 501 NE 31st St #307 is in a FEMA-designated flood zone. These zones, defined by the agency, indicate a location's statistical risk of flooding; you can review the official FEMA definitions and View the FEMA flood map for this address for specifics.

Lenders will often mandate flood insurance for properties in high-risk zones. To verify this property's exact designation and its implications, contact Christopher Lazaro, Miami Real Estate Realtor, for a precise assessment.

Are pets allowed?

The building's recorded policy is a maximum pet weight of 20 Lbs. For documented service animals or emotional support animals, separate federal accommodation rules apply.

To confirm the association's exact current rules for this specific unit, please contact Christopher Lazaro, Miami Real Estate Realtor, for verification.

How is the price set and is there room to negotiate?

The list price of $569,000 is grounded in a current market analysis for the building and vicinity. Wider market context shows Miami-Dade condos recently closing at 94% of list price, averaging 64 days on market.

I recommend a Miami-specific comparative market analysis to inform your offer strategy. To verify the data and discuss negotiation, reach out to Christopher Lazaro, Miami Real Estate Realtor.

What financing step do you recommend before touring?

I recommend securing a pre-approval from a Florida-licensed mortgage originator before touring any property. This clarifies your budget and strengthens your position in a competitive market. To begin that process, you can connect with a specialist at Get-PreApproved.com.

Once you have that letter, contact Christopher Lazaro directly to verify your readiness and schedule a viewing of 501 NE 31st St # 307.

Monthly Fees & Carrying Costs

Association Fee $1,493 / month
Total Monthly Fees $1,493 / 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: 31st St
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33137
  • Area: Paraiso Bayviews

Details

Updated on August 3, 2026 at 6:50 am
  • Property ID A11930200
  • Price $569,000
  • Property Size 1069 Sq Ft
  • Bedrooms 2
  • Room 0
  • Bathrooms 2
  • Garage 1
  • Year Built 2018
  • Type Condominium
  • Property Status Active, Residential

Additional details

  • Flooring Tile
  • Bedroom Features At Least 1 Bedroom Ground Level
  • Cooling Central Air
  • Association Type Condo
  • Building Paraiso Bayviews Condo
  • Association Fee Frequency Monthly
  • Area Paraiso Bayviews
  • Annual Tax 9590
  • Association Yes
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront No
  • Full Bathrooms 2
  • Subdivision Paraiso Bayviews
  • Total Stories 46
  • Restrictions No Daily Rentals, No Trucks/Rv'S, See Broker Remarks
  • Amenities Business Center, Child Play Area, Elevator(s), Exercise Room, Pool, Sauna, Spa/Hot Tub, Trash Chute
  • Parking 1 Space, Valet, No Rv/Boats, No Trucks/Trailers
  • Heating Central
  • Structure Type Condo 5+ Stories, Condo
  • Tax Year 2025
  • Construction CBS Construction
  • Covered Spaces 1
  • Unit Floor 3
  • View Other View
  • Year Built Details Effective Year Built
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 307
  • Half Bathrooms 0
  • Patio / Porch Open Balcony
  • New Construction No
  • Garage Spaces 1
  • Style Condo 5+ Stories
  • Association Fee 1493
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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