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Waterfront · Condominium
$1,920,000$1,026 / sqft
480 NE 31 St # 3101, Miami FL 33137
Listed
4
Bedrooms
5
Bathrooms
1,871 sqft
Interior
2019
Year built
$2,772 / mo
HOA
Condominium
Type
About this home
RARELY AVAILABLE SE CORNER RESIDENCE WITH UNOBSTRUCTED WATER & CITY VIEWS! Experience breathtaking 180-degree views from this stunning 4-bedroom + den residence, featuring an impressive 760 SF wraparound balcony overlooking the water, downtown skyline, and city. Beautifully upgraded with a modern kitchen featuring upgraded countertops and backsplash, plus elegant 24x48 upgraded flooring throughout. The exceptional layout places the primary suite facing the water, while a second bedroom offers spectacular city views and a mini-primary-suite feel. The versatile 4-bedroom + den floor plan also includes a convenient powder room for guests. Three bedrooms have direct access to the expansive balcony, allowing you to enjoy the incredible views from multiple rooms. Soaring 10-foot ceilings add to the spacious, sophisticated feel. One of the few residences offering upgrades AND two assigned parking spaces — a truly rare and valuable feature! Enjoy the unparalleled Paraiso lifestyle with access to the Beach Club, Park, Marina, Boardwalk, and retail spaces. A unique opportunity to own a spacious corner residence with exceptional views, thoughtful upgrades, and an extraordinary outdoor living experience. Easy to show!
Features
- Closet Cabinetry
- Cooking Island
- Entrance Foyer
- Walk-In Closet(s)
- Bay
- Direct Ocean
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
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.