$565,000

501 NE 31st St Unit 3507 Miami, FL 33137

$6,709
Closing credit¹
1 bed
1 full, 1 partial
746 sqft
$757 / sqft
Condo

Property details

About 501 NE 31st St Unit 3507

INVESTOR’S DREAM! HIGH-INCOME RENTAL CONDO! MOTIVATED SELLER – QUICK CLOSE, 1031 EXCHANGE OPPORTUNITY & PACKAGE DEAL AVAILABLE. A luxurious 1Bed + Den, 1.5-Bath condo with floor-to-ceiling windows, stylish modern finishes and a spacious balcony offering breathtaking Miami views. Paraiso Bayviews is a resort-style building, located in the high-demand area which ensures strong rental potential. 31-day minimum rentals allowed, up to 4 times a year. The seller is ready to close quickly, and this property can be purchased individually or as a package deal together with A11625252 - perfect for 1031 exchange buyers looking to maximize returns.

Highlights

Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Size746 sqft
Year built2018
ParkingAttached, Garage, One Space, Garage Door Opener
MLS #A11625583
Attached garage1 space
ViewGarden

Virtual tour

Summary

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Appliances: Dryer, Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Flooring Type: Tile
  • Interior: Built-in Features, Bedroom on Main Level, Breakfast Area, Closet Cabinetry, Dual Sinks, Eat-in Kitchen, First Floor Entry, Kitchen/Dining Combo, Tub Shower
  • Total Bedroom Count: 1
  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Attached, Garage, One Space, Garage Door Opener
  • View: Garden
  • Exterior: Deck, Security/High Impact Doors
  • Architectural Style: High Rise
  • Heating: Central
  • Cooling: Central Air
  • List Price: $565,000
  • Price/SqFt: $757
  • HOA Amount: $965
  • HOA Frequency: Monthly
  • Annual Tax Amount: $8,557
  • Tax Year: 2023
  • Year Built: 2018
  • Living Area: 746 SqFt
  • MLS Number: A11625583
  • MLS Name: SEFMIAMI
  • Office Name: Luxe Living Realty
  • Office Phone: (305) 673-6787
  • Office Email: info@dorapuig.com
  • Listing Agent: Natalia Sgibneva

IDX © 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/6/2025, 1:20:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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living room with sink, expansive windows, ceiling fan, track lighting, and light wood-type flooring

$565,000

501 NE 31st St Unit 3507

$6,709

closing credit¹

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Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$416,300$8,557
2022$287,103$5,743
2021$249,655$5,743
2020$293,712$5,304
2018$14,105$310

History based on county public records data.

Nearby schools

3

Bridgeprep Academy of Greater Miami

Public Charter KG-5

0.9 mi

137 NE 19th St

4

Eneida Massas Hartner Elementary School

Public District PK-5

0.9 mi

401 NW 29th St

6

Phyllis Wheatley Elementary School

Public District PK-5

1.1 mi

1801 NW 1st Pl

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $89,833. Residents of Miami, FL typically earn between $35k-100k each year. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

2%
<35k
62%
35k-100k
36%
100k-200k
0%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Doctorate

What types of families live nearby?

69%
Single, No Kids
11%
Single, with Kids
14%
Married, No Kids
6%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

7%
<11 yrs old
4%
12-17 yrs old
40%
18-34 yrs old
46%
35-64 yrs old
3%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • H&MH&M
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • White CastleWhite Castle
  • PopeyesPopeyes

What do the neighbors drive?

  • HondaHonda
  • KiaKia
  • NissanNissan

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

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Frequently asked questions

About 501 NE 31st St Unit 3507

The listing price of 501 NE 31st St Unit 3507 property is $565,000.

The property 501 NE 31st St Unit 3507 is a condo located in Miami, Florida, 33137.

Active Listing: 501 NE 31st St Unit 3507 is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 501 NE 31st St Unit 3507 are: Bridgeprep Academy of Greater Miami (GreatSchools Rating 3/10), Eneida Massas Hartner Elementary School (GreatSchools Rating 4/10), Phyllis Wheatley Elementary School (GreatSchools Rating 6/10), Jose De Diego Middle School (GreatSchools Rating 2/10), Mater Academy Middle School of International Studies (GreatSchools Rating 5/10), Georgia Jones-Ayers Middle School (GreatSchools Rating 3/10), Design & Architecture Senior High School (GreatSchools Rating 10/10), Young Men's Preparatory Academy (GreatSchools Rating 6/10), Miami Arts Charter (GreatSchools Rating 8/10).

According to the records, the last property tax for 2023 is $8,557 (source: MLS/based on county public records data).

The property at 501 NE 31st St Unit 3507 has 1 bedroom and 1 full and 1 half bathrooms.

The property 501 NE 31st St Unit 3507 is 746 SqFt (source: MLS/tax record).

The year of construction for 501 NE 31st St Unit 3507 is 2018.

This home is located at 501 NE 31st St Unit 3507 in Miami, FL and zip code 33137 in the Wynwood neighborhood. This 746 square foot home was built in 2018. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since July 19, 2024 and is currently priced at $565,000.

In April 2025, from all listings sold in Miami, FL there were more than 63 sold above asking price, over 593 sold below and more than 119 were sold right at the asked price. The number of homes for sale in Miami, FL increased by 9.2% between March and April 2025. The median list price of listings available in April 2025 was $585,104, while the average time on the real estate market was 73 days.

From Rocket Homes Real Estate and based on county public records data.

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