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+14 photosLuxury home — 501 NE 31st Street · Miami
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Open property magazine$175,000
501 NE 31st Street, Miami, FL 33137
Miami, FL, 33137
— bd · — ba · 685 sqft
Listed by Adonait Business LLC
501 NE 31st Street, Miami, FL 33137
Listed by Adonait Business LLC
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Estimated monthly payment
$1,338/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $1,338/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: X · verify insurance quotes before buying.
About this home
Find similar homesLuxury Dog Spa business for sale in the heart of Edgewater – business only. Rent is $5900/month.NNN--175000 turn key The commercial property is also available for purchase separately for $1,300,000. the unit is ready to open and will be delivered as a high-end pet spa with boutique design, ideal for grooming, pet wellness, and premium services. Located in Paraiso Bay views on a high-visibility street with heavy foot traffic, surrounded by luxury condos and new developments. Zoning allows multiple uses: beauty salon, medical or dental office, boutique retail, or pet clinic. Includes 2 valet parking spaces. Great opportunity for investors or owner-operators. Rent is plus CAM and taxessee attachment with render
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
491 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Your costs (est.)
≈ $1,338/mo
501 NE 31st Street, Miami, FL 33137 · Miami
Location
501 NE 31st Street, Miami, FL 33137
What buyers ask about this home
What are the estimated monthly carrying costs at 501 NE 31st Street, Miami, FL 33137?+
Property tax (after sale): $292/month est.; homeowners insurance: $139/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $430/month est. Principal and interest: $908/month; PMI: $0/month. Total for the payment scenario shown: $1,338/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 501 NE 31st Street, Miami, FL 33137?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 501 NE 31st Street, Miami, FL 33137 need flood insurance, and what drives the premium?+
Most of Miami sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 501 NE 31st Street, Miami, FL 33137?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type, and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 501 NE 31st Street, Miami, FL 33137?+
This listing has been on the market 491 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Miami. Distinct neighborhoods, local dining and shopping, with downtown, Brickell and MiamiCentral as everyday destinations.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Eneida M. Hartner Elementary School
Elementary · 1.0 mi from this home · 401 Nw 29Th St, Miami
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
Sports Leadership And Management Charter School Middle Scho
Middle school · Charter · Grades 6–8 · Miami
Sports Leadership Arts Management Charter High School
High school · Charter · Grades 9–12 · Miami
Ebenezer Christian Academy II
Pre-K & Kindergarten · Private · Christian · Grades K–12 · Miami
Mcdonalds Playworld Community Development Inc Dba
Pre-K & Kindergarten · Private · Grades K–12 · Miami
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
The home, in a magazine
A closer look at this home and its lifestyle — dedicated to you and your family.
Open the magazine
Simon Gedz
Realtor® since 1995
Interested in this property?
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