# Paraiso Bay

As of 2026-10-31, Paraiso Bay in Edgewater has 23 units for sale at a median asking price of $880K ($876/sqft); 17 units sold in the last 12 months.

Paraiso Bay is a 53-floor, 364-residence waterfront condominium at 650 NE 32nd St in Edgewater's Paraiso District, built in 2018 and designed by Arquitectonica.

## Key facts

| | |
|---|---|
| Address | 650 NE 32nd St |
| Neighborhood | Paraiso District, Edgewater |
| Year built | 2018 |
| Floors | 53 |
| Units | 364 |
| Waterfront | yes |
| Developer | Related Group |
| Architect | Arquitectonica |
| For sale | 23 |
| Pending | 3 |
| Median asking price | $880,000 |
| Median asking $/sqft | $876/sqft |
| Sold, last 12 months | 17 |
| Median sold $/sqft, 12 months | $750/sqft |
| Months of inventory | 16.2 |
| Median HOA | $1,343/mo |
| Parking | The building offers covered parking, valet service, and specific units may include assigned or deeded parking spaces. |

## Own Miami measures

- **own.miami Building Score: 65 (B+)**
  - Value: 44 — $876/sqft — vs. Edgewater condos, then all of Miami
  - Momentum: 44 — -1.7% $/sqft over 6 months
  - Liquidity: 45 — 16.2 months of supply · 50 days on market
  - Health: 93 — Verified records on file — nothing adverse
  - Waterfront: 90 — Waterfront building
  - Age: 82 — Built 2018 — vs. Edgewater buildings
- **Own Miami Condo Index: 118** (above_market; 100 = the market-median building, 200 = twice its $/sqft; rank 253 of 698 tracked Miami condos)
- **Financeability Index: 81** (strong; 12-month window, 11 recorded mortgages, 44% of sales bank-financed, lowest down payment 5%, as of 2026-10-31)
- Special-assessment outlook: clear (next structural milestone inspection due 2043)

## Building health (verified public records)

- Public records checked 2026-10-30
- positive: Bank financing — 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. (2026-10-31)
- Legal & regulatory: 1 material cases active, 0 disputes active, 0 DBPR complaints (36 months) (2026-09-17)

## Frequently asked questions

**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.

## Related pages

- [Edgewater — neighborhood guide](https://own.miami/edgewater)
- [All units for sale at Paraiso Bay](https://own.miami/buildings/paraiso-bay/for-sale)
- [Paraiso Bayviews](https://own.miami/buildings/paraiso-bayviews)
- [Aria on the Bay](https://own.miami/buildings/aria-on-the-bay)
- [Biscayne Beach](https://own.miami/buildings/biscayne-beach)
- [Paramount Bay](https://own.miami/buildings/paramount-bay)

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Source: Own.Miami — https://own.miami · data as of 2026-10-31
Canonical page: https://own.miami/buildings/paraiso-bay
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
Methodology: https://own.miami/methodology · For AI assistants: https://own.miami/for-ai