Paraiso Bay Miami: Complete Building Guide

Paraiso Bay at 650 NE 32nd Street features 346 waterfront condominiums across 55 stories in Miami's Edgewater neighborhood, completed in 2018 by Related Group with architecture by Arquitectonica and interior design by Keith Hobbs. Residences range from 919-square-foot one-bedrooms to 6,676-square-foot penthouses priced from $629,900 to $4.6 million, averaging $844 per square foot, with every unit offering direct Biscayne Bay views and private elevator foyers.

The building anchors the Paraiso District, a master-planned waterfront community spanning nearly 5 acres with 500 feet of bay frontage. Related Group developed four adjacent towers collectively containing over 1,300 residential units, plus Paraiso Park featuring a children's playground and dog park, and Amara at Paraiso restaurant operated by James Beard Award-winning chef Michael Schwartz. This comprehensive development transformed Edgewater's northern waterfront into Miami's most amenity-rich residential district.

The Paraiso District Development

Paraiso Bay represents the first phase of Related Group's ambitious Paraiso District master plan. Construction started in July 2014 with a groundbreaking ceremony attended by Miami Mayor Tomás Regalado and other city officials, completing in 2018 after four years of development.

The district includes four residential towers: Paraiso Bay and Gran Paraiso rising approximately 550 feet across 54-55 floors as nearly identical structures sharing common amenities, plus ONE Paraiso at 53 floors and 601 feet height, and Paraiso Bayviews at 46 floors and 500 feet. Paraiso Bay and Gran Paraiso residents share the largest amenity package, while ONE Paraiso and Paraiso Bayviews maintain dedicated facilities for their specific buildings.

Arquitectonica designed Paraiso Bay's architecture, bringing decades of Miami experience to the waterfront tower. The firm's signature approach balances bold exterior gestures with livable interiors, evident in the building's curved glass facade that maximizes water views while creating distinctive profile on the Edgewater skyline.

Keith Hobbs of United Design Partnership designed the lobby and common area spaces, while Swiss landscape architect Enzo Enea created the 3-acre resort deck and grounds. This collaboration between internationally recognized designers establishes Paraiso Bay's luxury positioning through comprehensive attention to architecture, interiors, and landscaping.

The project originally received approval as "Element" under a separate developer before Related Group acquired the site and redesigned the development as Paraiso District. A land swap deal with the city allowed closing the end of a city street in exchange for including the public Paraiso Park as part of the project, creating accessible waterfront green space benefiting both residents and the broader community.

Location in Edgewater Miami

Paraiso Bay occupies prime Edgewater waterfront at the neighborhood's northern edge, positioning residents between downtown Miami to the south and the Design District to the north. The building claims 500 feet of direct bay frontage, providing unobstructed water views and dedicated waterfront amenities including a beach club and private marina.

Edgewater's evolution from overlooked neighborhood to luxury residential hub accelerated with Paraiso District's development. The area now features multiple high-rise towers, expanding restaurant scene, and improving walkability while maintaining quieter character compared to Brickell's urban intensity or Miami Beach's tourist congestion.

Midtown Miami sits immediately west, offering retail shopping at Midtown Shops, restaurants, and entertainment venues within walking distance. The Miami Design District lies 10 minutes north, providing access to luxury boutiques from Hermès, Louis Vuitton, and other ultra-luxury brands alongside contemporary art galleries and upscale dining.

Wynwood's arts district with its famous murals, galleries, and craft breweries sits 10 minutes west, creating easy access to Miami's creative community and nightlife. Margaret Pace Park, Edgewater's premier waterfront green space, occupies bayfront land several blocks south, offering additional outdoor recreation options.

Transportation connections include 12-minute drives to South Beach via the MacArthur Causeway, 15 minutes to Brickell's financial district, and 18 minutes to Miami International Airport. The central Edgewater location provides balanced access to Miami's diverse neighborhoods without requiring residence in any single district's core. For buyers comparing Edgewater's advantages against other neighborhoods, the Brickell vs Miami Beach Condos article examines lifestyle differences across Miami's premium locations.

Residence Types and Floor Plans

Paraiso Bay's 346 units divide into one-, two-, three-, and four-bedroom configurations plus penthouses, with non-penthouse residences ranging from 919 to 2,246 square feet. Every unit features private elevator foyers that open directly into residences, eliminating shared hallways and creating single-family home entry experiences.

One-bedroom residences measure 706-1,004 square feet with 1.5-2 bathrooms, offering efficient layouts for young professionals, couples, or investors seeking entry-level waterfront pricing. These units feature open-concept living and dining areas, modern kitchens, and private balconies with glass railings. Current pricing ranges from $629,900 to $848,888, reflecting floor level and view orientation.

Two-bedroom floor plans span 1,067-1,198 square feet with 2-3 bathrooms, adding separation between master and secondary bedrooms while maintaining open living concepts. The size variation within the two-bedroom category creates distinct pricing tiers, with units currently listed from $899,000 to $1,069,000 based on floor position and specific characteristics.

Three-bedroom residences range from 1,646 to 3,175 square feet with 3.5-4 bathrooms, serving families or buyers requiring home office space and guest accommodations. Current inventory spans $1,450,000 to $3 million, with the largest three-bedroom units approaching penthouse scale and specifications.

Four-bedroom units measure 1,872 to 6,676 square feet with 4.5-7 bathrooms, with the largest configurations representing beach house-scale residences within the tower. Pricing ranges from $1,699,000 for standard four-bedroom layouts to $4,599,000 for the building's most expansive six-bedroom penthouse.

The following table shows current inventory across unit types:

Rental rates demonstrate strong Edgewater demand, with one-bedroom units commanding $4,400-$5,200 monthly, two-bedrooms generating $5,600-$6,500, and four-bedroom penthouses reaching $21,500-$35,000. These rates align with Edgewater's median monthly rent of $5,653, confirming competitive market positioning.

Penthouse residences receive 10-foot ceiling heights compared to 9-foot ceilings in standard units, creating enhanced volume and grandeur. All units include floor-to-ceiling glass windows throughout, his-and-her walk-in closets in master suites, in-unit washers and dryers, and wide private balconies that extend living spaces outdoors.

Three-Acre Resort Deck and Pool Amenities

Paraiso Bay's signature amenity remains the 3-acre resort-style deck designed by landscape architect Enzo Enea. This expansive outdoor space rivals five-star resort offerings, featuring a dramatic circular zero-entry heated swimming pool that gradually descends from deck level into swimming depth, creating beach-like entry without steps.

The pool deck includes an outdoor spa providing year-round heated water therapy, poolside cabanas for shaded relaxation and private gatherings, and a summer kitchen area enabling resident entertaining without returning to individual units. A jogging circuit wraps the amenity deck, offering exercise paths with water views and tropical landscaping.

Beautifully landscaped gardens and sun terraces create distinct outdoor zones for different activities and preferences. Some areas prioritize active recreation while others emphasize quiet relaxation, preventing conflicts between residents seeking different amenity experiences.

A separate children's pool with interactive water playground serves families with young residents, providing age-appropriate aquatic experiences segregated from adult swimming areas. Direct access from the children's playroom to the kids' pool creates convenient transitions for families managing young children.

The bayfront Beach Club features a sand beach area unusual for condominium developments, plus a private pool, and lounge area for private events. This waterfront amenity complex creates resort atmosphere typically found only at destination hotels, eliminating needs for external beach club memberships.

Marina and Water Sports Facilities

Paraiso Bay includes a private marina with boat slips for resident vessels, accommodating yachts and smaller watercraft. On-demand rental service provides access to speedboats, aquatic toys, and personal watercraft for windsurfing, canoeing, and paddleboarding without requiring ownership of expensive equipment.

This comprehensive water sports programming serves active residents who prioritize marine recreation but may not maintain full-time boats. The rental approach provides flexibility while eliminating maintenance, insurance, and storage costs associated with personal vessel ownership.

Storage facilities for bicycles, scooters, and personal water equipment including stand-up paddleboards enable residents to keep recreation gear onsite without cluttering individual units. This infrastructure supports the active lifestyle that waterfront living enables.

Fitness, Wellness, and Entertainment Amenities

The state-of-the-art fitness center overlooks the pool deck resort area through floor-to-ceiling windows, positioning cardio equipment and strength training machines with premium views. A cardio theater provides entertainment during workouts, while dedicated spaces support diverse fitness approaches from traditional weightlifting to contemporary training methods.

Health spa facilities include men's and women's steam and sauna rooms providing heat therapy and relaxation in gender-separated environments. Massage treatment rooms enable professional spa services without leaving the building, creating resort-level wellness options.

Indoor hot tubs complement the outdoor spa, providing year-round heated water therapy regardless of weather. This dual indoor-outdoor approach ensures consistent amenity access during Miami's occasional cold fronts and rainy periods.

Tennis facilities include two lighted courts plus a multipurpose court, supporting both serious players and recreational use. The lighted courts enable evening play when daytime heat makes outdoor exercise uncomfortable, extending usable hours throughout the year.

Entertainment amenities serve diverse interests and age groups. A private screening room with state-of-the-art audiovisual equipment and theater-style seating accommodates resident movie nights and sports viewing. A wine cellar and tasting salon with private storage lockers appeals to collectors, while a cigar lounge with private humidors provides ventilated space for enthusiasts.

Unique amenities shared with Gran Paraiso include golf simulator rooms enabling year-round virtual play on famous courses worldwide and bowling lanes rarely found in residential buildings. These distinctive offerings differentiate Paraiso Bay from competitors and justify premium pricing.

Game rooms and children's playrooms serve younger residents, while teen multimedia facilities provide age-appropriate spaces for older children. This multi-generational amenity programming creates family-friendly environments supporting residents across life stages.

Elegant clubrooms feature billiards tables, catering kitchens, and multimedia facilities supporting private events and resident gatherings. Business centers with private boardrooms enable remote work, client meetings, and professional presentations without leaving the building.

Amara at Paraiso Restaurant

Paraiso District includes Amara at Paraiso, a standalone two-story waterfront restaurant operated by James Beard Award-winning chef Michael Schwartz. The restaurant opens to the public, creating dining destination status while providing residents convenient access to upscale cuisine without travel.

Schwartz's reputation for locally sourced ingredients and contemporary American cuisine attracts diners throughout Miami, establishing Amara as neighborhood anchor rather than typical building amenity. The public restaurant model creates vibrancy and culinary credibility that closed resident-only dining rooms cannot match.

Investment Potential and Rental Market

Paraiso Bay's 2018 completion positions it as relatively new construction with modern building systems, energy-efficient glass, and contemporary finishes commanding rental premiums. Current rental rates generate substantial annual income, with two-bedroom units producing $67,200-$78,000 yearly before expenses and vacancy periods.

The building's comprehensive amenity package supports rental appeal, as tenants gain access to resort-style facilities, water sports equipment, and tennis courts that would require expensive memberships at external facilities. This amenity value justifies rental premiums and supports tenant retention.

Edgewater's transformation into luxury residential hub drives appreciation potential as the neighborhood continues attracting restaurants, retail, and cultural programming. The Paraiso District's scale and quality established benchmark standards that subsequent developments must meet or exceed, supporting long-term value retention.

For comprehensive investment analysis including tax strategies, financing options, and cap rate calculations, the Miami Real Estate Investment Guide provides frameworks for evaluating rental property acquisitions across price points.

Buyers seeking properties with flexible rental terms should verify specific building policies. The Miami Condos with No Rental Restrictions article identifies investor-friendly buildings and explains how rental policies impact investment returns.

Who Should Buy at Paraiso Bay

Paraiso Bay attracts buyers prioritizing comprehensive amenities, waterfront location, and Edgewater's central position between downtown Miami and northern neighborhoods. The building's 2018 completion appeals to purchasers seeking modern construction, smart building technology, and warranty coverage on major systems.

Families with children benefit from the dedicated kids' pool, children's playroom, tennis courts, and beach club creating resort environment supporting active family lifestyles. The multi-generational amenity programming enables parents and children to use facilities simultaneously without conflicts over appropriate spaces.

Active adults and retirees seeking full-service living appreciate the comprehensive fitness facilities, spa services, and social programming eliminating needs for external memberships. The water sports equipment and marina facilities support active aging focused on outdoor recreation and wellness.

Young professionals working remotely find the business center, high-speed internet infrastructure, and proximity to Midtown, Design District, and downtown support flexible work arrangements. The building's social amenities including clubrooms and wine tasting salon create opportunities for resident networking and community building.

Canadian buyers interested in Miami seasonal residence benefit from Edgewater's waterfront location, comprehensive amenities, and reasonable pricing compared to Miami Beach alternatives. For Canadians navigating US real estate purchases, the Canadian Guide to Buying Miami Real Estate covers financing options, tax implications, and cross-border legal considerations.

Buyers comparing Edgewater waterfront options should also review Aria on the Bay, another premium Edgewater tower with similar completion timeline and amenity focus.

Pink Miami represents buyers at Paraiso Bay, negotiating purchase terms, coordinating inspections, and connecting clients with property management services for rental units. Explore current Edgewater inventory and schedule private showings at pinkmiami.com to compare Paraiso Bay against other waterfront options.