Paraiso Bay
Paraiso Bay is a 53-story waterfront condominium tower at 650 NE 32nd Street in Miami's Edgewater neighborhood, completed in 2018 with 364 residences directly on Biscayne Bay. It was developed by The Related Group and designed by architecture firm Arquitectonica as part of the larger Paraiso District complex. Residents share an extensive slate of resort-style amenities, including multiple swimming pools, lighted tennis courts, a golf simulator, a full fitness center, a spa with yoga and massage rooms, a screening room, bowling lanes, resident lounges, and a children's playroom. The building also offers waterfront dining at Amara at Paraiso, a restaurant helmed by chef Michael Schwartz. Edgewater is a Biscayne Bay waterfront district between Downtown Miami and the Design District that has become one of the city's most concentrated stretches of new-construction bayfront high-rises.
Amenities
- Multiple swimming pools
- Lighted tennis courts
- Golf simulator
- Fitness center
- Spa with yoga and massage rooms
- Screening room / cinema
- Bowling lanes
- Resident lounges
- Children's playroom
- Waterfront dining at Amara at Paraiso (chef Michael Schwartz)
- Deeded/assigned parking
- Private elevator entry (per-residence)
Edgewater is a Biscayne Bay waterfront neighborhood in Miami situated between Downtown Miami and the Design District, and has become one of the city's most concentrated corridors of new-construction bayfront high-rise condominiums.
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Miami, FL 33137
Available Residences at Paraiso Bay
6+ Bedroom Condos · 1 unit
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| BH2 | $4,599,000 | 6 / 8 / 2 | 6,676 | $689 | 103 |
4 Bedroom Condos · 2 units
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| BH6 | $2,959,000 | 4 / 5 | 3,341 | $886 | 260 |
| 3901 | $1,895,000 | 4 / 5 / 1 | 1,872 | $1,012 | 14 |
3 Bedroom Condos · 2 units
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| BH4 | $3,350,000 | 3 / 5 / 1 | 3,336 | $1,004 | 157 |
| BH7 | $3,000,000 | 3 / 4 | 3,175 | $945 | 360 |
2 Bedroom Condos · showing 5 of 13
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| 1203 | $1,050,000 | 2 / 3 | 1,198 | $876 | 50 |
| 3005 | $985,000 | 2 / 3 | 1,151 | $856 | 335 |
| 4205 | $970,000 | 2 / 3 | 1,151 | $843 | 117 |
| 4406 | $945,000 | 2 / 2 | 1,067 | $886 | 1 |
| 4206 | $935,000 | 2 / 2 | 1,067 | $876 | 324 |
1 Bedroom Condos · showing 5 of 9
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| 3302 | $855,800 | 1 / 2 | 1,055 | $811 | 41 |
| 3707 | $810,000 | 1 / 2 | 898 | $902 | 37 |
| 4407 | $798,500 | 1 / 2 | 898 | $889 | 140 |
| 4508 | $720,000 | 1 / 2 / 1 | 706 | $1,020 | 0 |
| 4308 | $715,000 | 1 / 2 / 1 | 706 | $1,013 | 3 |
Compare every Edgewater building, its inventory, and area market trends in one place.
ANALYTICS
CURRENT INVENTORY
INVENTORY BY BEDROOM
- 1 Bed (9) 38%
- 2 Bed (11) 46%
- 3 Bed (2) 8%
- 4 Bed (1) 4%
- 5+ Bed (1) 4%
INVENTORY TREND (ALL UNITS)
Market & Community Report
As of November 10, 2026, Paraiso Bay carries 24 active listings at an average asking price of $1.2M, with an average time on market of 158 days. Closed sales over the preceding 36 months averaged $826 per sq ft, and 17 transactions closed in the past 12 months — implying 16.9 months of supply against the current pace of absorption.
Zip code 33137 (Miami) is home to 27,300 residents with a median age of 34.3. Per-capita income stands at $66,422; 50.9% hold a bachelor's degree or higher. 26.7% of units are owner-occupied; 26.6% of residents work from home.
Data current as of November 10, 2026. Market metrics derived from MLS closed sales; community data from U.S. Census ACS.
Frequently Asked Questions — Paraiso Bay
How many condos are for sale at Paraiso Bay?
As of November 10, 2026, 24 residences are actively listed for sale at Paraiso Bay. Current asking prices range from $625K to $4.6M. Inventory updates daily from the MLS.
How much do condos at Paraiso Bay cost?
Condos at Paraiso Bay are currently asking from $625K to $4.6M. Over the past 36 months, closed sales have averaged $826 per square foot. Final pricing varies by floor, line, square footage, finishes, and view.
What is the average price per square foot at Paraiso Bay?
Based on MLS closed sales over the preceding 36 months, the average sale price at Paraiso Bay is $826 per square foot. Use this as a benchmark when comparing active listings in the building.
Where is Paraiso Bay located?
Paraiso Bay is located at 650 Ne 32 St, Miami, FL, 33137, in the Edgewater area.
What neighborhood is Paraiso Bay in?
Paraiso Bay is in Edgewater, Miami. You can compare every condo building, home inventory, and price trend across Edgewater on its neighborhood guide.
How many units are in Paraiso Bay?
Paraiso Bay has 364 residences across 53 stories.
What year was Paraiso Bay built?
Paraiso Bay was completed in 2018.
What amenities does Paraiso Bay offer?
Paraiso Bay amenities include Multiple swimming pools, Lighted tennis courts, Golf simulator, Fitness center, Spa with yoga and massage rooms, Screening room / cinema, Bowling lanes, Resident lounges.