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Waterfront · Condominium
$1,849,000$988 / sqft
480 NE 31st St # 2101, Miami FL 33137
Listed
4
Bedrooms
5
Bathrooms
1,871 sqft
Interior
2019
Year built
$2,772 / mo
HOA
Condominium
Type
About this home
Gran Paraiso luxury residence with spectacular Biscayne Bay and Miami skyline views! This 4-bedroom, 4.5-bath residence offers approximately 2,000 SF of interior living space plus over 850 SF of expansive wraparound balconies accessible from the living room, kitchen and primary suite. Private elevator entry opens directly into the residence featuring Sub-Zero and Wolf appliances, sleek contemporary cabinetry, porcelain wood-plank flooring, custom closets and window treatments throughout. Floor-to-ceiling glass provides abundant natural light with water and city views from every bedroom. Gran Paraiso offers resort-style waterfront living with pool, full-service spa, massage rooms, state-of-the-art fitness center, game room, bowling alley and more. Move-in ready, competitively priced and easy to show. Motivated Seller.
Features
- Built-in Features
- Cooking Island
- Elevator
- Other
- Den/Library/Office
- Family Room
- East Of Us1
- Open Balcony
- Bay
- Intracoastal View
- Ocean View
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 4-bed rentals across Miami-Dade, from 117 active listings; the middle half ask $15,000–$36,500.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.