Miami CondosEdgewaterParaiso Bay
SIRS Compliant ✓["Full Review"]
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Paraiso Bay

650 Northeast 32nd St·Miami·FL·33137
Edgewater · Folio: 0132300930001
Total Units
346
Floors
55
Year Built
2018
Bedrooms
1 to 4
Unit Size (sqft)
706 to 3,404
Online reviews
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
0132300930001
Full Address
650 Northeast 32nd St, Miami, FL, 33137
Amenities & Lifestyle
  • Pool
  • Kids Pool
  • Fitness Center
  • Spa
  • Sauna
  • Steam Room
  • Theater
  • Club Room
  • Billiards
  • Wine Cellar
  • Cigar Lounge
  • Tennis Courts
  • Cabanas
  • BBQ Area
  • Sundeck
  • Marina
  • Beach Club Access
  • Art Collection
  • Kids Room
  • Teen Lounge
  • 24-Hr Concierge
  • 24-Hr Security
  • 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
HOA Fee Includes
basic cable TV, high-speed Internet, water, sewer, trash removal.
Lender & Purchase Requirements
Minimum Down Payment by Occupancy
3%
Primary Residence
10%
Second Home
15%
Investment
Review Type
["Full Review"]
Right of First Refusal
Status unknown — contact HOA to confirm if they hold purchasing rights
Down Payment Notes
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.
Property Management & Contact
Association Direct Line
786-369-5254
Property Manager
Not on file
PM Email
Not on file
PM Phone
Not on file
Building Market Data
Avg Sale Price
Avg Rent / Mo
Avg $/sqft
Avg Days on Market
Active Listings
Sales Last 12 Months
Live market data coming soon — powered by Allioo MLS intelligence
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
Yes · No weight restrictions
basic cable TV, high-speed Internet, water, sewer, trash removal.
SIRS required (3+ stories): ✓ Yes. SIRS study completed: ✓ Yes.
Review type: ["Full Review"]. Typical primary residence minimum shown: 3%. Actual requirements vary by lender and loan program.
Status unknown — contact HOA to confirm if they hold purchasing rights
Property manager not on file with Allioo. Association direct line: 786-369-5254. Submit an update via our contact page if you have corrections.
Location
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Paraiso Bay · Miami Condos · Allioo