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Waterfront · Condominium
$1,049,000$884 / sqft
480 NE 31st St # 1603, Miami FL 33137
Listed
2
Bedrooms
3
Bathrooms
1,187 sqft
Interior
2019
Year built
$1,798 / mo
HOA
Condominium
Type
About this home
Enjoy this one of a kind 2/3 unit with direct water views at Gran Paraiso. One of the only unit with true living room and kitchen island facing the water. Luxurious finishes in kitchen and bathrooms, floor to ceiling glass doors to enjoy endless views to the Bay and the Ocean. Extensive list of amenities including lagoon style pool (overlooking the bay); hot spa indoors/outdoors, 2 tennis courts, luxurious spa, massage rooms, screening room, party room, billiard room, wine room, membership to Beach Club and more. Gran Paraiso offers a private enclave of luxury contemporary residences where breathtaking views over Biscayne Bay define a style of living that embraces both elegance and natural beauty.
Features
- Cooking Island
- Elevator
- Other
- Walk-In Closet(s)
- East Of Us1
- Bay
- Intracoastal View
- Pool Area View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,350–$4,801.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.