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EdgewaterSIRS Compliant

Paraiso Bay

650 Northeast 32nd St, Miami, FL, 33137 · Edgewater
2018
year built
55
floors
346
total units
1 to 4
bedrooms
706 to 3,404
unit sqft
online reviews

Overview

Experience luxurious waterfront living at Paraiso Bay, located at 650 NE 32nd St, Miami, FL 33137. Developed by Related Group and completed in 2018, this exclusive condominium offers one to four-bedroom apartments with contemporary designs and breathtaking views of Biscayne Bay. Residents can indulge in resort-style amenities, including a beach club, waterfront pool, and private marina. Situated in the coveted Edgewater neighborhood, Paraiso Bay offers convenient access to fine dining, upscale shopping, and a vibrant arts and culture scene. Immerse yourself in a world of coastal elegance and refined living at Paraiso Bay.

Building details

Association name
PARAISO BAY CONDOMINIUM ASSOCIATION, INC.
Association phone
786-369-5254
Architect / designer
Folio number
0132300930001
Neighborhood
Edgewater
Full address
650 Northeast 32nd St, Miami, FL, 33137

Amenities & lifestyle

PoolKids PoolFitness CenterSpaSaunaSteam RoomTheaterClub RoomBilliardsWine CellarCigar LoungeTennis CourtsCabanasBBQ AreaSundeckMarinaBeach Club AccessArt CollectionKids RoomTeen Lounge24-Hr Concierge24-Hr SecurityValet Parking
Rental restrictions
Owners of units at Paraiso Bay may lease their units up to three (3) times in any twelve (12) month period. The minimum lease period for units at Paraiso Bay is thirty (30) days
Pets
Yes · No weight restrictions

HOA & financial

Application fee
Not on file
Approval timeframe
Not on file
Special assessment
Not on file
Reserves
Not on file
HOA fee includesbasic cable TV, high-speed Internet, water, sewer, trash removal.
Avg HOA / month (MLS)$1,484

Lender & purchase requirements

3%
primary residence
10%
second home
15%
investment
Review type["Full Review"]
Right of first refusalStatus unknown — contact HOA to confirm if they hold purchasing rights
Down payment notesNot on file

Actual down payment requirements vary by lender and loan program. Confirm current terms with your lender before making an offer.

Florida condo reform & structural compliance

Verify compliance with HOA before closing.

SIRS required (3+ stories)
Building meets the state's 3-story threshold for a Structural Integrity Reserve Study
YES
SIRS study completed
Study marked complete in Allioo records
YES
SIRS reported to state
Reported to the state
YES
Phase 1 milestone inspection
Not confirmed in public records
VERIFY WITH HOA
40-year recertification
Date on file: Date not confirmed — verify with association or local municipality
ON FILE

Florida law note: SB 4-D requires condo associations with buildings 3+ stories to complete a SIRS and fund reserves accordingly. Contact the association for full reserve disclosure before closing.

Property management & contact

Association direct line786-369-5254
Property managerNot on file
PM emailNot on file
PM phoneNot on file

Building market data

As of 2026-04-01 · Full market stats →
$870,000
avg sale price
$6,000
avg rent / mo
$726
avg $/sqft
95
avg days on market
26
active listings
1
sales last 12 mo
Median sale $/sqft · trailing months
MLS closed sales · $/sqft by month

Frequently asked questions

Can I rent out my unit?
Owners of units at Paraiso Bay may lease their units up to three (3) times in any twelve (12) month period. The minimum lease period for units at Paraiso Bay is thirty (30) days
Are pets allowed?
Yes · No weight restrictions
What does the HOA fee cover?
basic cable TV, high-speed Internet, water, sewer, trash removal.
Is this building SIRS compliant?
SIRS is required (3+ stories): Yes. Study completion and state reporting — verify with the HOA before closing.
What is the minimum down payment?
Review type: ["Full Review"]. Typical primary residence minimum shown: 3%. Actual requirements vary by lender and loan program.
Does the association have right of first refusal?
Status unknown — contact HOA to confirm if they hold purchasing rights
Who manages this building?
Property manager not on file with Allioo. Association direct line: 786-369-5254.

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