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Art Week Score 46 · #38 in Edgewater
#38 in Edgewater · #220 in Miami
Nearest: Naudline Pierre, 0.7 mi away
For sale
23
3 pending · 16.2 mo supply
Median asking
$880K
from $625K
Median $/sqft
$876/sqft
$750/sqft sold, 12 mo
Days on market
50
80 to sell · 17 in 12 mo
Paraiso Bay is a waterfront tower of 53 floors and 364 residences in the Paraiso District of Edgewater, completed in 2018. It was developed by Related Group and designed by Arquitectonica.
The site sits in FEMA flood zone AE, part of the Special Flood Hazard Area, where lenders require flood insurance for a federally backed or federally regulated mortgage. It is in Miami-Dade hurricane evacuation zone C. The lowest street next to the building is 1.3 ft above the highest tide predicted for 2026 at Virginia Key.
Construction is active around the tower: 14 tower sites are within 1 km, 8 of them within 500 m. That can mean noise and traffic while it lasts. Transit is distant, with a Car-Free Index of 13 and the Adrienne Arsht Center Metromover Station 1950 m away in a straight line. The nearest Publix is 1510 m away.
On the 2025 tax roll, 15% of the 364 units carry a homestead exemption and 52% are owned by a company or trust. Financeability is rated strong, at 80 of 100, meaning regulated lenders regularly finance purchases here. The Miami-Dade Clerk recorded 13 resale deeds in the 12 months to October 21, 2026.
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.
Publix IndexLive now
43 / 100
Nearest Publix: Publix at Baypoint, 0.9 mi
#41 in Edgewater · #552 in Miami
Bike-basket-of-groceries distance.
2 Publix stores nearby
Car-Free IndexLive now
13 / 100
Nearest rail station: Adrienne Arsht Center Metromover Station, 1.2 mi
#37 in Edgewater · #255 in Miami
Keep the car, use the train for the big days.
1 rail stations nearby
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
65
/ 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.
Value44
$876/sqft — vs. Edgewater condos, then all of Miami
Momentum44
-1.7% $/sqft over 6 months
Liquidity45
16.2 months of supply · 50 days on market
Health93
Verified records on file — nothing adverse
Waterfront90
Waterfront building
Age82
Built 2018 — vs. Edgewater buildings
own.miami Condo Index
118Above market100 = the median Miami condo building's price per sq ft; 200 = twice it.
Rank
#253 of 698 tracked Miami condos
Top 36% by price per sq ft
#8 of 36 in Edgewater
Momentum
↓ Cooling
$876/sqft median ask
Liquidity
Warm
The stacks
9 lines · modeled from 83 salesCondos 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 -03 line.
| Line | Layout | Size | View | $/sqft | Per floor | Low→high floor | Sales |
|---|---|---|---|---|---|---|---|
| -01 | 4 bd · 4.5 ba | 1,872 sqft | BayWaterfront | $832/sqft | +$4 | $739/sqft → $909/sqft | 19 |
| -02 | 1 bd · 2 ba | 945 sqft | BayWaterfront | $775/sqft | $-19 | $816/sqft → $683/sqft | 5 |
| -03Best value | 2 bd · 3 ba | 1,198 sqft | BayWaterfront | $774/sqft | $-1 | $785/sqft → $757/sqft | 11 |
| -04 | 2 bd · 3 ba | 1,193 sqft | BayWaterfront | $777/sqft | +$2 | $722/sqft → $787/sqft | 15 |
| -05 | 2 bd · 3 ba | 1,151 sqft | BayWaterfront | $777/sqft | +$1 | $771/sqft → $817/sqft | 3 |
| -06 | 2 bd · 2 ba | 1,067 sqft | BayWaterfront | $836/sqft | +$2 | $806/sqft → $872/sqft | 8 |
| -07 | 1 bd · 2 ba | 898 sqft | BayWaterfront | $852/sqft | +$3 | $781/sqft → $877/sqft | 8 |
| -08 | 1 bd · 1.5 ba | 706 sqft | BayWaterfront | $914/sqft | +$2 | $889/sqft → $946/sqft | 11 |
| Penthouses | 4 bd · 4.5 ba | 2,795 sqft | Intracoastal ViewWaterfront | $903/sqft | — | — | 3 |
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
$929,000
$878,000–$981,000 · $776/sqft
High confidence · 11 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
$875,000$733/sqft
2 bd · 3 ba · 1,193 sqft
650 NE 32nd St #1804
Listing courtesy of Compass Florida, LLC, Bragi Sigurdsson (Lic. #3225258) · MLS #A12111787
$830,000$778/sqft
2 bd · 2 ba · 1,067 sqft
650 NE 32nd st #2406
Tenant occupied
Listing courtesy of Brickell Brokers LLC, Patricia Bastidas Chocron (Lic. #3346503) · MLS #A12097371
$810,000$902/sqft
1 bd · 2 ba · 898 sqft
650 NE 32nd St #3707
Listing courtesy of The Keyes Company - Miramar, Gloria Caicedo (Lic. #3114966) · 786-355-6579 · MLS #A12096980
$855,800$811/sqft
1 bd · 2 ba · 1,055 sqft
650 NE 32 #3302
Listing courtesy of Amerigo International, Paul Lobosco (Lic. #3251345) · MLS #A12092411
$890,000$773/sqft
2 bd · 3 ba · 1,151 sqft
650 NE 32nd St #4105
Listing courtesy of Coldwell Banker Realty, Ines Garcia (Lic. #0699873) · 954-588-7260 · MLS #A12092362
$945,000$886/sqft
2 bd · 2 ba · 1,067 sqft
650 NE 32nd St #4406
Tenant occupied
Listing courtesy of Related General Realty, LLC., Andrea Da Silva (Lic. #3487889) · MLS #A12089912
$625,000$885/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
$1,050,000$876/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
$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
$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
$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
$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
Sold $/sqft trend
3-month rolling median of closed sales in Paraiso Bay; bars are closings per month.
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
Developed by
Related Group63
B+ · Developer Score
- Ranks #19 of 49 scored Related Group buildings
- Asking $876/sqft here vs $865/sqft across the developer's portfolio
- 53% of the developer's portfolio has no adverse verified record
- All 52 buildings by this developer
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
ClearPublic records checked Oct 30, 2026 (Miami-Dade Clerk, civil docket, Florida DBPR).
Verified records
- PositiveBank financingOct 31, 2026
Regulated lenders recorded 11 purchase or refinance loans on this building in the last 12 months, financing 44% of its recorded sales, and accepted a down payment as low as 5%. A bank writing a condominium loan has just checked the building's reserves, insurance, litigation and owner-occupancy against its own standards — verified due diligence, read from the public record. Financeability Index 81/100.
Source: Miami-Dade Clerk official records
- 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.
Financeability
What the banks say about Paraiso Bay: recorded purchase mortgages, the down payments they accepted, and the programmes in use.
Regulated lenders are writing purchase loans here at ordinary down payments — their due diligence on reserves, insurance and litigation, verified by the public record.
- Mortgages recorded, 12 months
- 11
- 11 from banks and credit unions · purchases and refinances
- Sales bank-financed
- 44%
- 16 recorded sales, 12 months · Resales only
- Average down payment
- 31.2%
- Lowest down payment accepted
- 5%
Loan programmes, 24 months:Conventional 10Other 1
High confidence · As of 2026-10-31
Source: Miami-Dade County official records and the FHA/VA approval lists. Aggregates only; individual instruments are never shown. Compare with Edgewater
Flooding and storm surge
Public flood data at this building’s location, read Oct 22, 2026.
- FEMA flood zone
- Zone AE: high-risk area. FEMA maps a 1% yearly chance of flooding here.
- Base flood elevation on the map: 11.0 ft (NGVD29).
- Hurricane evacuation zone
- Zone C
- Miami-Dade storm surge planning zones run from A (called first) to E. The county decides which zones evacuate in a storm.
- Ground at the building
- 3.8 ft
- Lowest nearby street
- 2.3 ft
- Highest predicted tide, 2026
- 1.0 ft
Elevations in feet above the NAVD88 datum.
The lowest street next to this building sits 1.3 ft above this year’s highest predicted tide (Oct 27, 2026).
Estimated from public data, not a flood determination. Check the FEMA flood map and an elevation certificate for this building.
Legal & Regulatory
Material litigation identifiedCivil court cases involving the condominium association, classified by what they are about. Routine collections against individual owners are counted separately and do not affect the building’s standing.
- Active material lawsuits
- 1
- Owner / association disputes
- 0
- Routine collection cases
- 0
- DBPR complaints
- 0
- Open DBPR complaints
- 0
- Employment litigationActiveassociation named as a party · Filed Jun 2026
An individual filed a lawsuit against Noura Investments LLC and the Paraiso Bay Condominium Association, Inc. involving claims of discrimination. The case was voluntarily dismissed without prejudice in August 2026.
Source: Miami-Dade Clerk civil docket, summarized by own.miami
- Personal injury / common-element claimClosedassociation as defendant · Filed Nov 2024
An individual filed a premises liability lawsuit against the condominium association. The association subsequently filed a third-party complaint against a service provider. The case involves discovery and motions to compel. Filed November 2024.
Source: Miami-Dade Clerk civil docket, summarized by own.miami
- Insurance claimClosedassociation as defendant · Filed May 2023
An insurance company filed a claim against the condominium association. The case was subsequently settled and voluntarily dismissed by the plaintiff. Filed May 2023.
Source: Miami-Dade Clerk civil docket, summarized by own.miami
DBPR registration PR75919 · Approved,Recorded. Public complaints on record with the Florida Division of Condominiums; investigations are confidential and not counted.
Court records are matched to the association by name and summarized by us; a case is a claim, not a finding. Ask the association for its litigation disclosure before buying.
Frequently asked
How much do condos at Paraiso Bay cost?+
There are 23 condos for sale at Paraiso Bay, from $625,000, with a median asking price of $880,000 ($876/sqft).
How much are the HOA fees at Paraiso Bay?+
HOA / maintenance fees at Paraiso Bay run around $1,343 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. Related Group's own.miami Developer Score is B+ across 52 buildings.
Stay ahead
Interested in Paraiso Bay?
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If you like Paraiso Bay, compare
Paraiso Bayviews
501 NE 31st St · 2018 · 46 floors
36 for salefrom $419K$686/sqft
Aria on the Bay
488 NE 18th St · 2018 · 53 floors
27 for salefrom $450K$739/sqft
Biscayne Beach
2900 NE 7th Ave · 2017 · 51 floors
17 for salefrom $595K$971/sqft
Paramount Bay
2020 N Bayshore Dr · 2011 · 47 floors
15 for salefrom $885K$1,068/sqft
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