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Waterfront · Condominium
$994,900$870 / sqft
480 NE 31st St # 2405, Miami FL 33137
Listed
2
Bedrooms
3
Bathrooms
1,143 sqft
Interior
2019
Year built
$1,693 / mo
HOA
Condominium
Type
About this home
Priced as the best value among 2-bedroom residences in the building. Located on the 24th floor of the iconic Gran Paraiso - Edgewater, residence 2405 offers floor-to-ceiling windows framing sweeping bay and ocean panoramas and flooding every room with natural light. Impeccably condition including a private foyer, marble floors, walk-in closets, high ceilings, motorized shades, and a kitchen outfitted with top-of-the-line appliances. Gran Paraiso's amenities are nothing short of extraordinary, bayfront lagoon-style pool, jacuzzi, tennis courts, full-service spa with massage rooms, sauna and steam room, theater, lounge, arcade, golf simulator, bowling alley, wine cellar, co-working space, spinning room, and yoga deck and studio. Set in the heart of Edgewater, with direct access to a dog park, children's park, and the celebrated AMARA at Paraiso restaurant. Walkable, vibrant, and effortlessly connected to the best of Miami. Call today for a showing.
Features
- Closet Cabinetry
- Entrance Foyer
- East Of Us1
- Barbeque
- Courtyard
- Open Balcony
- Bay
- 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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,350–$4,801.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.