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Waterfront · Condominium
$2,399,000$1,282 / sqft
480 NE 31st St # 4601, Miami FL 33137
Listed
4
Bedrooms
5
Bathrooms
1,871 sqft
Interior
2019
Year built
$2,836 / mo
HOA
Condominium
Type
About this home
Beautiful unfurnished 4-bedroom, 4.5-bath residence at GranParaiso, offering spectacular water and city views from a high floor. This spacious home features an open-concept layout, floor-to-ceiling windows, modern finishes, generous living and dining areas, and a contemporary kitchen with high-end appliances and cabinetry. The primary suite offers a private retreat with an elegant bathroom and ample closet space. All bedrooms are generously sized and provide excellent natural light. GranParaiso is a luxury waterfront condominium in Miami’s sought-after Edgewater neighborhood, offering resort-style amenities including a stunning infinity pool, private beach area, tennis court, state-of-the-art fitness center, spa, bowling alley, children’s playroom, business center, movie theater, and 24-hour security and concierge services. Ideally located near Miami Design District, Midtown, Brickell, Downtown, and Miami Beach, with convenient access to restaurants, shopping, entertainment, and major highways. Perfect for those seeking a spacious luxury residence with exceptional amenities and breathtaking Miami views.
Features
- Entrance Foyer
- Barbeque
- Open Balcony
- Tennis Court(s)
- Bay
- Pool Area View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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.