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Waterfront · Condominium
$3,245,000$1,162 / sqft
480 NE 31st Street, Miami FL 33137
Listed
4
Bedrooms
2,792 sqft
Interior
2019
Year built
$3,562 / mo
HOA
Condominium
Type
About this home
PRICE IMPROVEMENT!!! 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. 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
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 125 active listings; the middle half ask $14,000–$33,000.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.