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Waterfront · Condominium
$1,150,000$1,006 / sqft
480 NE 31st St # 4705, Miami FL 33137
Listed
2
Bedrooms
3
Bathrooms
1,143 sqft
Interior
2019
Year built
$1,692 / mo
HOA
Condominium
Type
About this home
Gran Paraiso is one of the most desirable buildings in Edgwater, Miami. This unit was beautifully furnished and is being sold furnished. This unit also comes with three deeded parking spaces. Most of the units come with one parking space. This home features impressive direct bay views from the 47th floor, a large balcony perfect for entertaining, private foyer, 10 FT ceilings (the other paraiso towers have 9ft), beautiful porcelain floors & kitchen countertop / upgraded backsplash, recess lighting and custom closets. Gran Paraiso offers a luxury lifestyle with private elevators, 24-hour valet and security, large type pool, Jacuzzi, kids play areas, movie theater, wine, cigar and party rooms, gym, spa, tennis courts, mini golf, BBQ, bowling alley, gym, spinning, aerobics, virtual golf. Easy to show.
Features
- Built-in Features
- Cooking Island
- Elevator
- Entrance Foyer
- Walk-In Closet(s)
- East Of Us1
- None
- Bay
- Skyline
- Water View
Leasing
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,300–$5,569.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.