Own Edgewater · Paraiso District

Paraiso Bay

650 NE 32nd St · Built 2018 · 53 floors · 364 residences

26 for sale
For sale
26
4 pending · 28.4 mo supply
Median asking
$895K
from $640K
Median $/sqft
$881/sqft
$780/sqft sold, 12 mo
Days on market
114
80 to sell · 11 in 12 mo
Paraiso Bay
Listing photo · MIAMI Association of REALTORS® MLS

Paraiso Bay is a premier waterfront community in Edgewater, offering a sophisticated residential experience with direct views of Biscayne Bay and the Miami skyline. The building features an architectural design that includes private elevator foyers and large terraces for indoor-outdoor living.

The property provides an extensive suite of resort-style amenities, including a lagoon-style pool, a state-of-the-art fitness center, a full-service spa with steam and sauna facilities, and various social spaces such as a theater, bowling alley, and wine and cigar lounges. Residents also have access to a putting green, tennis courts, and a children's playroom.

Located in a prime waterfront location, the building is situated near the Design District, Wynwood, and Brickell. The community includes a scenic baywalk, a dedicated dog park, and proximity to waterfront dining at Amara.

Part of the Paraiso Bay complex

Sister towers that share the same development, address and often amenities — compare availability across the complex.

Live near more of Miami

What surrounds Paraiso Bay: seasonal events, annual programs and lifestyle indexes, measured from the building.

Distances are straight-line, not walking or driving.

Getting around

Edgewater is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:

Margaret Pace ParkBiscayne BayThe UnderlineAdrienne Arsht CenterMetromover
58
/ 100
B
own.miami Score

A data-grounded score for Paraiso Bay from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.

Value33
$881/sqft — vs. Miami condos
Momentum56
+2.1% $/sqft over 6 months
Liquidity20
28.4 months of supply · 114 days on market
Health90
No verified records yet — listing signals only
Waterfront90
Waterfront building
Age76
Built 2018
own.miami Condo Index
114100 = the median Miami condo, by price and liquidity.
Rank
#227 of 597 tracked Miami condos
Top 38% by price & liquidity
#9 of 33 in Edgewater
Momentum
→ Steady
$881/sqft median ask
Liquidity
Slow
See the full Condo Index →

The stacks

8 lines · modeled from 53 sales

Condos repeat vertically — each “line” is a stack of near-identical units up the tower. We reconstruct Paraiso Bay’s lines from its sale history: the floorplan, the view, and how $/sqft climbs with the floor. The best value is the -02 line.

LineLayoutSizeView$/sqftSales
-014 bd · 4.5 ba1,872 sqftBayWaterfront$851/sqft11
-02Best value1 bd · 2 ba1,060 sqftBayWaterfront$715/sqft4
-032 bd · 3 ba1,198 sqftBayWaterfront$739/sqft7
-042 bd · 3 ba1,193 sqftBayWaterfront$780/sqft9
-052 bd · 3 ba1,151 sqftBayWaterfront$781/sqft2
-062 bd · 2 ba1,067 sqftBayWaterfront$855/sqft6
-071 bd · 2 ba898 sqftBayWaterfront$844/sqft7
-081 bd · 1.5 ba706 sqftBayWaterfront$921/sqft7

Modeled from Paraiso Bay’s past listings and sales — a guide to the building’s layouts and floor premiums, not an official floor plan. “Per floor” is the average $/sqft change per floor up the stack.

What’s a unit here worth?

Pick a line and a floor — we estimate the value from Paraiso Bay’s own sales history.

Estimated value
$761,000
$678,000$844,000 · $718/sqft
Moderate confidence · 4 sales

Estimate only — not an appraisal. It reflects the line and floor, not a specific unit’s condition, renovations or view obstructions.

Want the inside track on Paraiso Bay?

Get new listings here before the portals, and a straight answer from someone who knows the building.

Inventory

650 NE 32nd St #PH5003
New
$2,580,000$1,072/sqft
4 bd · 4.5 ba · 2,407 sqft
650 NE 32nd St #PH5003
Listing courtesy of Vendome Capital LLC — Jim Agard (Lic. #3270604) · MLS #A12084754
650 NE 32ND Street #1508
New
$640,000$907/sqft
1 bd · 1.5 ba · 706 sqft
650 NE 32ND Street #1508
Listing courtesy of Glass Realty, LLC — Catherine Figueroa (Lic. #3514068) · MLS #B26069363
650 NE 32nd St #1203
New
$1,100,000$918/sqft
2 bd · 3 ba · 1,198 sqft
650 NE 32nd St #1203
Listing courtesy of One Sotheby's International Realty — Jonathan Bigelman (Lic. #3460340) · MLS #A12075761
650 NE 32nd St #4508
New
$720,000$1,020/sqft
1 bd · 1.5 ba · 706 sqft
650 NE 32nd St #4508
Motivated seller
Listing courtesy of Elite International Realty Inc — Paula Huenefeld (Lic. #3145695) · MLS #A12058513
650 NE 32nd St #802
$750,000$638/sqft
2 bd · 3 ba · 1,175 sqft
650 NE 32nd St #802
Listing courtesy of Village Realty of S. Florida — Herman Chavez (Lic. #3011208) · MLS #A12064036
650 NE 32nd St #908
New
$645,000$914/sqft
1 bd · 1.5 ba · 706 sqft
650 NE 32nd St #908
Tenant occupied
Listing courtesy of Tectum LLC — Katherine Isaza (Lic. #3254034) · MLS #A12058559
650 NE 32nd St #BH2
New
$4,599,000$689/sqft
6 bd · 7 ba · 6,676 sqft
650 NE 32nd St #BH2
Listing courtesy of The Corcoran Group — Joshua Winarick (Lic. #3584044) · MLS #A12058698
650 NE 32nd St #1507
$710,000$791/sqft
1 bd · 2 ba · 898 sqft
650 NE 32nd St #1507
Listing courtesy of One Sotheby's International Realty — Melissa Breda (Lic. #3343511) · MLS #A12054180
650 NE 32nd St #4205
$970,000$843/sqft
2 bd · 3 ba · 1,151 sqft
650 NE 32nd St #4205
Tenant occupied
Listing courtesy of Dezer Platinum Realty LLC — Gustavo Strallnikoff (Lic. #3037142) · MLS #A12048912
650 NE 32nd St #3901
$1,895,000$1,012/sqft
4 bd · 4.5 ba · 1,872 sqft
650 NE 32nd St #3901
Listing courtesy of Compass Florida, LLC — Talita Pinheiro (Lic. #3268846) · MLS #A12040826
650 NE 32nd St #4407
$798,500$889/sqft
1 bd · 2 ba · 898 sqft
650 NE 32nd St #4407
Rental income in place
Listing courtesy of Alure Capital — Adam Redolfi (Lic. #3585733) · MLS #A12036869
650 NE 32nd St #BH4
$3,350,000$1,004/sqft
3 bd · 4.5 ba · 3,336 sqft
650 NE 32nd St #BH4
Seller financing
Listing courtesy of WERC Realty, LLC — Victor Abreu (Lic. #3298399) · MLS #A12025076
See all 26

Sold $/sqft trend

3-month rolling median of closed sales in Paraiso Bay; bars are closings per month.

$727$884$1040Oct 2024Feb 2025Jun 2025Oct 2025Apr 2026Aug 2026

Location

Nearby buildings within half a mile.

Building facts

Address
650 NE 32nd St
Year built
2018
Floors
53
Residences
364
Developer
Related Group
Architect
Arquitectonica
Waterfront
Yes

Amenities

  • · Pool
  • · Spa
  • · Fitness center
  • · Tennis
  • · Bowling alley
  • · Theater
  • · Children's playroom
  • · Sauna
  • · Business center
  • · Concierge
  • · Valet
  • · 24-hour security
  • · Putting green
  • · Wine cellar
  • · Cigar lounge
  • · Game room
  • · Marina
  • · Pet area

Building rules

Parking
The building offers covered parking, valet service, and specific units may include assigned or deeded parking spaces.

Special assessments & recertification outlook

Clear
  • Built 2018 — its first 25-year structural milestone inspection is due around 2043

Estimated from Paraiso Bay’s age and signals in active listings — not an official inspection or reserve report. Always verify the building’s milestone-inspection status and reserves with the association before buying.

Frequently asked

How much do condos at Paraiso Bay cost?+

There are 26 condos for sale at Paraiso Bay, from $640,000, with a median asking price of $895,000 ($881/sqft).

Is Paraiso Bay a good time to buy?+

Paraiso Bay currently has about 28.4 months of supply — a buyer-friendly pace with more negotiating room.

How much are the HOA fees at Paraiso Bay?+

HOA / maintenance fees at Paraiso Bay run around $1,570 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

Is Paraiso Bay a waterfront building?+

Yes — Paraiso Bay is a waterfront building (Edgewater).

When was Paraiso Bay built?+

Paraiso Bay was built in 2018, 53 stories, 364 residences.

Who developed Paraiso Bay?+

Paraiso Bay was developed by Related Group and designed by Arquitectonica.

Stay ahead
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