About Paraiso Bay
Developed by Related Group · Designed by Arquitectonica
Paraiso Bay is a bayfront condominium tower at 650 NE 32nd Street, part of the Related Group’s Paraiso District along the northern end of Edgewater. Arquitectonica designed the tower and it was completed in 2018; the MLS records 53 floors, and some sources say 55.
The Paraiso District’s towers sit side by side on the bay, so confirm which building a listing belongs to — Paraiso Bay, Paraiso Bayviews, One Paraiso and Gran Paraiso each have their own association. Published unit counts for this tower conflict between sources, so ask the association for the current figure.
Building Fees & Assessments
MLS listings for Paraiso Bay have shown a median association fee around $1.36/sqft/month -- shown per square foot, not as a flat dollar figure, since that's comparable across unit sizes rather than skewed by whichever units happen to be listed right now. This is a point-in-time reference, not a live figure, and can change over time. Confirm the current fee for a specific unit before making an offer.
Specific reserve fund balances, pending special assessments, and financial statements aren't public MLS data -- request them directly from the condo association or your agent before making an offer.
Rental Potential
See the live "Monthly rental from" figure above for Paraiso Bay's current lowest asking rent, and the market snapshot's closed-lease count and median rent for actual rental demand over the trailing 12 months -- both update automatically, unlike a number written here. Specific rental rules -- minimum lease term, rentals allowed per year, and whether short-term/Airbnb-style rentals are permitted -- are set by the condo association and vary by building. Verify current rental restrictions directly with the association before buying as an investment.
Frequently Asked Questions
Is Paraiso Bay pet-friendly?
Paraiso Bay does not generally allow pets. Verify current pet policy directly with the building association before purchasing.
Can I rent out my unit at Paraiso Bay?
Long-term rentals are generally permitted at Paraiso Bay, though minimum lease terms and any short-term rental restrictions vary by building. Verify the current rental policy directly with the association before purchasing as an investment.
Where is Paraiso Bay?
At 650 NE 32nd Street, on Biscayne Bay at the northern end of Edgewater, within the Related Group's Paraiso District.
Who developed Paraiso Bay?
The Related Group developed it, and Arquitectonica was the architect. It was completed in 2018.
How is Paraiso Bay different from Paraiso Bayviews and One Paraiso?
They are separate condominium towers in the same district, each with its own association, address and amenities. Paraiso Bay is at 650 NE 32nd Street; the others have their own pages on this site.
Reviewed by Carlos Olivares, FL License #3051724. Last updated October 2026.
