All listings
Active
Active1 / 40
Photo 1 of 40
Waterfront · Condominium
$1,990,000$1,064 / sqft
480 NE 31st St # 3301, Miami FL 33137
Listed
4
Bedrooms
5
Bathrooms
1,871 sqft
Interior
2019
Year built
$2,836 / mo
HOA
Condominium
Type
About this home
Incredible direct water view from this spectacular 4-bedroom 4.5 bathroom in Gran Paraiso Condo! Wraparound balcony, triple exposure, a lot of light coming thru, amazing daily sunrise and sunset. The apartment features wood ceramic floor, oversize terrace accessible from living room and from master bedroom, SubZero/Wolf appliances, marble master bathroom with separate shower and bathtub, other 3 bedrooms with ensuite bathrooms with shower, 2 AC machines to regulate 2 different areas temperature, private elevator with foyer. Gorgeous amenities shared with Paraiso Bay condo. Sold unfurnished. Tenant occupied until 12/15/2026 paying $10500/mo. A lot of appreciation of Edgewater neighborhood is coming due to the development of the retail spaces thru the Paraiso community!
Features
- First Floor Entry
- Built-in Features
- Walk-In Closet(s)
- Den/Library/Office
- East Of Us1
- Open Balcony
- Bay
- Ocean View
- Skyline
Leasing
- Minimum lease
- 180 days
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 120 active listings; the middle half ask $14,000–$34,000.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.