A parasail is of a meter above the water. Then, after 10 minutes, the parasail is 50 of a meter above the water. What is the change in height?

The change in height is 50 - 1 = <<50-1=49>>49 meters. Answer: \boxed{49}.

To find the change in height, we need to subtract the initial height from the final height.

Initial height: 1 meter
Final height: 50 meters

Change in height = Final height - Initial height
= 50 meters - 1 meter
= 49 meters

Therefore, the change in height is 49 meters.