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480 NE 31st Street # 906, Miami FL 33137
About this home
The stunning panoramic bay and ocean views will make you fall in love. The unit offers 2 - bedroom + Den and features private elevator access with private foyer, open concept floor plan, beautiful Italian kitchen design with high-end appliances by Sub-Zero, a large terrace & 10 foot high ceilings. Large master bedroom, custom-built-in upgraded walk-in closet. 5-star amenities such as 24 hr security, a dramatic circular zero-entry heated swimming pool overlooking the Bay, a 10,000 sq.ft state-of-the-art fitness center, tennis courts, movie theater, business center, children's playground, indoor/outdoors spa, teen's game room, golf simulator, wine cellar &bowling, theater, covered and valet parking, full-service concierge, and many more. Close to Wynwood, Midtown & Design District The trendiest Gran Paraiso building is located in Edgewater, Miami's hottest neighborhood. Beautiful 2bedrooms/2 bathrooms + Den with floor to ceiling windows and balcony with breathtaking views of the water. Designed by architect Piero Lissoni and landscaping by Swiss landscape architect Enzo Enea. Full service spa with massage rooms, sauna and steam room, golf simulator, bowling alley, wine cillar, cigar room, co working space and much more. Walkable, vibrant and effortlessly connected to Miami. Whether you are looking for an exceptional primary home, a Miami retreat, or a strong investment opportunity, this residence offers all!
Features
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Fire Sprinklers
- Entrance Foyer
- Pantry
- Split Bedroom
- Walk-In Closet(s)
- East Of Us1
- Barbeque
- Built-In Grill
- Exterior Lights
- None
- Open Balcony
- Outdoor Shower
- Tennis Court(s)
- Bay
- Direct Ocean
- Pool
- Water
- Bay View
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $4,672
- HOA
- $1,366 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.