Read the full record 4 paragraphs and 17 facts, every figure from the MLS and county record
Paraiso Bayviews is a 46-story tower at 501 NE 31st St in Edgewater, completed in 2018. County folio records count 383 residences plus eight commercial units, averaging 917 SF of living area. Related Group developed it; the architect is Arquitectonica. Interiors are by Karim Rashid Inc..
34 units were for sale on November 2, 2026, asking $425K to $1.3M (median ask $689/SF across 34 listings). Six more were under contract. 13 sales closed between November 2, 2025 and November 2, 2026, from $420K to $1.6M, a median $668/SF, after a median 162 days on the market. In the 12 months before that, 16 sales closed at a median $640/SF, so the median rose 4%. Across 165 recorded sales since 2020, the best year by median price per square foot was 2024, at $684 over 18 sales. That 12-month median ranks 12th of the 32 Edgewater buildings with at least three sales in the same window. One-bedrooms made up 13 of the 29 sales in the last 24 months, at a median $460,000.
15 units were offered for rent at $3,180 to $7,500 a month. 96 leases were signed over the same 12 months, at a median $3,875 a month (range $2,850 to $15,000). Leases outnumbered sales 7 to 1 over that year, so renters are a large share of who lives here.
County records show 29% of residences as owner-occupied, which points to an investor-heavy ownership base. Association rules on file: pets yes (owners & tenants); no short-term rentals; minimum lease 30 days; up to three leases a year. The association is managed by First Service Residential. I have five of its association documents on file, including the SIRS and the Rules & Regulations.
Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records and my condo archive. Blanks mean the record doesn't state it; nothing here is estimated.
The record
- Address
- 501 NE 31st St, Miami 33137
- Neighborhood
- Edgewater
- Developer
- Related Group
- Architect
- Arquitectonica
- Interior design
- Karim Rashid Inc.
- Management
- First Service Residential
- Front desk / mgmt
- (305) 361-0229
- Year built
- 2018
- Floors
- 46
- Residences (county-verified)
- 383
- Commercial units
- 8
- Owner-occupied
- 29% of residences
- Avg. unit size
- 917 sq ft
- Total living area
- 351,260 sq ft
- County condo folios
- 391
- Recorded MLS listings
- 924
- Also recorded as
- 501 SW 31st St