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Waterfront · Condominium
$819,000$871 / sqft
480 NE 31st St # 2202, Miami FL 33137
Listed
1
Bedrooms
2
Bathrooms
940 sqft
Interior
2019
Year built
$1,376 / mo
HOA
Condominium
Type
About this home
Experience endless panoramic bay and ocean views from the oversized balcony of this 1 bedroom, 2.5 bathrooms unit designed by Piero Lissoni. Step in through the private foyer to discover floor to ceiling windows, 10 Foot high ceilings, open concept floor plan, high-end kitchen appliances and beautiful Italian kitchen design. Gran Paraiso Condo features high end amenities such as 24h security, covered parking, valet parking, concierge, pool, spa, gym, social room, BBQ grills, tennis courts, private elevator access with private foyers, lush landscape gardens, children playroom and much more. Unit rented until August 29th 2025 at $4,200 per month. 24 hrs notice for showings
Features
- Entrance Foyer
- East Of Us1
- Barbeque
- Bay
- Ocean View
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 3
- Ok To Lease
- Okay To Lease 1st Year
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.
Location
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 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,050–$3,800.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.