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480 NE 31st Street, Miami FL 33137
About this home
Discover unparalleled luxury in this exquisite corner penthouse at Gran Paraiso, with breathtaking sunrise and sunset views. This expansive 4-bedroom, 4.5-bathroom residence spans 2,792 square feet and features a magnificent 951-square-foot wraparound balcony, perfect for enjoying Miami's stunning vistas, complete with an outdoor jacuzzi for ultimate relaxation. Inside, experience a gourmet Italian kitchen equipped with top-of-the-line Sub-Zero refrigeration and Wolf appliances, ideal for culinary enthusiasts. Residents benefit from two assigned parking spaces and access to Gran Paraiso's world-class amenities, including a 100-foot lagoon-shaped pool with towel service, tennis courts, a state-of-the-art gym, a tranquil hammam, a dedicated kids' playroom, and a convenient dog park. *Some images have been generated with AI. Open to shorter term leases as well. First, last and security deposit plus a deposit to the association. 4 total
Features
- Lobby
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Entrance Foyer
- French Doors
- Volume Ceilings
- Walk-In Closet(s)
- Barbeque
- Open Balcony
- Bay
- Ocean
- Direct Ocean
- Pool
- Water
- Bay View
- Ocean View
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $16,661
- HOA
- $3,562 / 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.
Schedule a tour
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.