Paraiso Bay Condos For Sale & Rent

Paraiso Bay Residences Condo Overview

Paraiso Bay Residences is an Edgewater condo building at 650 32 St in Edgewater, Miami. Built in 2018, the property has 55 stories and 346 residences. Buyers usually compare bay views, newer high-rise amenities, parking, rental rules, and access to Downtown Miami, Wynwood, Midtown, and the Design District.

Paraiso Bay Residences Condos for Sale

Paraiso Bay Residences condos for sale should be compared by bay or skyline exposure, floor height, line, balcony position, interior condition, parking, and monthly fees. Buyers should review recent comparable sales, view quality, interior condition, parking, monthly fees, building rules, reserves, and insurance considerations before deciding how a listing is positioned.

Paraiso Bay Residences Rentals and Rental Policy

Rental policy currently shows a long-term rental setup, a 6-month minimum rental term and up to 2 rentals per year. Buyers should verify association rules, approval timing, lease fees, taxes, city requirements, and current restrictions before relying on projected income.

Amenities and Building Details

The building was designed by Arquitectonica and developed by The Related Group. The building is pet-friendly. Tennis access is also part of the building review. Buyers should review amenities, parking, security, reserves, insurance considerations, association rules, and monthly fees with the specific residence. Spanning 55 stories, Paraiso Bay houses 346 residential units, offering a variety of one to four-bedroom floor plans and penthouses, with sizes ranging from approximately 920 to 6,676 square feet. The 3-acre recreation deck features a zero-entry heated swimming pool, outdoor spa, summer kitchen, and a jogging path set amidst tropical gardens. The clubhouse, state-of-the-art fitness center, health spa, private media screening room, wine cellar, cigar lounge, teen's game room, children's play area, tennis courts, and a bayfront Beach Club cater to all aspects of luxury living. Additionally, the marina provides private boat slips and on-demand rental services, enhancing the waterfront experience.

What to Compare Before Buying at Paraiso Bay Residences

Compare active condos for sale, active rentals, recent sales, bay exposure, unit condition, monthly fees, parking, rental rules, pet policy, and Edgewater walkability. It is also useful to compare Paraiso Bay Residences with nearby buildings and area pages such as Edgewater, Miami, One Paraiso, and Paraiso Bayviews.

Market Context

Paraiso Bay Residences has completed-year closed-sale history from 2018 through 2025 in the market statistics, with 179 recorded condo sales, or about 22 sales per year. That gives buyers a useful resale sample, but individual unit differences still need to be adjusted carefully. The busiest year in the series was 2021 with 52 sales, while the quietest was 2018 with 1. Recent completed-year sales volume is below the long-term average. The gap between the busiest and quietest years also shows why buyers should separate building demand from broader market-cycle timing.

The completed-year price-per-square-foot history for Paraiso Bay Residences ranges from about $556/sqft to $886/sqft, with an average near $757/sqft across the years shown. That range gives buyers room to separate stronger lines and renovated units from more ordinary comparisons. The last completed year in the series is higher than the first, moving from $634/sqft in 2018 to $753/sqft in 2025. The recent completed-year price-per-square-foot average is close to the long-term average. Average closed price over the same completed-year period was about $870,972, but that number should be read by bedroom count, size, view, and renovation level.

Bedroom-level statistics also help explain value at Paraiso Bay Residences: 2 Beds and 1 Bed units have the broadest historical comparison set, while 4 Beds+ around $1,641,133 and 3 Beds around $1,505,586 represent the higher average closed-price tiers in the chart data. The segment is useful, but buyers should still check whether the underlying sales were similar in size, view, and condition. Buyers should compare units within the same bedroom count before deciding whether a listing is expensive or well positioned. Paraiso Bay Residences also has long-term rental positioning with a 6-month minimum lease and up to 2 rentals per year, which should be read together with the long-term sales data. That points to a more traditional ownership profile, so long-term tenant quality, association approvals, and carrying costs matter more than short-stay turnover.