SIRS Compliant ✓["Full Review"]3.6 out of 5 (Google)
Building Photo
Paraiso Bay
650 Northeast 32nd Street·Miami·FL·33137
Edgewater
Total Units
346
Floors
55
Year Built
2018
Bedrooms
1 to 4
Unit Size (sqft)
706 to 3,404
Allioo Score
3.6
Building 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
Year Built
2018
Total Floors
55 Floors
Total Units
346 Units
Architect / Designer
—
Bedrooms
1 to 4
Unit Size Range
706 to 3,404
Neighborhood
Edgewater
Folio Number
—
Full Address
650 Northeast 32nd Street, Miami, FL, 33137
Amenities & Lifestyle
Exquisitely appointed double volume entrance lobbies leading directly to private elevators to each residence 3-acre-plus resort-style amenities deck load with a dramatic circular zero-entry heated swimming pool, outdoor spa, pool-side cabanas, summer kitchen area, jogging circuit, gardens, and beautifully landscaped sun terrace Health spa with men and women's steam and sauna facilities Sate-of-the-art, fully-equipped fitness center with cardio theatre overlooking the pool deck resort area Elegant clubroom with billiards, catering kitchen, and multimedia facilities Wine cellar and tasting salon Private screening room with state-of-the-art audio/visual equipment and theater-style seating Children's playroom with direct access to kids' pool with interactive water playground Teen's game room with multimedia facilities Cigar lounge with private humidors Bayfront Beach Club featuring sand-beach area with private pool, lounge area for private events, marina with private slips, on-demand service for rental of speed boats, aquatic toys, and personal water crafts for wind-surfing, canoeing, and paddle boarding Tennis center with 2 lighted tennis courts and multi-purpose court Amara at Paraiso bayfront restaurant by Michael Schwartz Exclusive concierge staff and services with convenient mail and receiving desk Permanent installation of curated art collection through the common areas of Paraiso Bay 24-hour valet 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
Pet Policy
Yes · No weight restrictions
HOA & Financial
Avg HOA / Month
—
Application Fee
—
Approval Timeframe
—
Special Assessment
No current info — ask association if any assessments are planned or in progress.
Information not yet gathered — ask the association for reserve details
Lender & Purchase Requirements
Condo Review Type
["Full Review"]
Conventional financing may be available subject to lender condo questionnaire and underwriting.
Minimum Down Payment by Occupancy
3%
Primary Residence
10%
Second Home
15%
Investment
Right of First Refusal
Status unknown — contact HOA to confirm if they hold purchasing rights
Down Payment Notes
Not disclosed — down payment requirements vary by lender and building
Florida Condo Reform & Structural Compliance
SIRS Compliant
This building has completed its Structural Integrity Reserve Study as required by Florida SB 4D (2022).
SIRS Required (3+ stories)✓ Yes
SIRS Study Completed✓ Yes
SIRS Reported to State✓ Yes
Phase 1 Milestone InspectionVerify with HOA
40-Year RecertificationDate not confirmed — verify with association or local municipality
Florida Law Note: SB 4D (effective Dec 31, 2024) requires all condo associations with buildings 3+ stories to complete a SIRS and fund reserves accordingly. Contact the association for full reserve disclosure and inspection phase reports before closing.
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Frequently Asked Questions
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