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Waterfront · Condominium
$960,000$908 / sqft
480 NE 31st St # 4206, Miami FL 33137
Listed
2
Bedrooms
2
Bathrooms
1,057 sqft
Interior
2019
Year built
$1,602 / mo
HOA
Condominium
Type
About this home
Gorgeous 2 bed 2 bath plus den high floor flat in the luxury Gran Paraiso condo! Amazing and magnetic water view from living room, master bedroom and beautiful oversize terrace overlooking Biscayne Bay. The apartment comes furnished (Italian high-end brands) and features wood porcelain floor all over, Wolf built in appliances, kitchen isle with sink and dishwasher, electrical blinds and sheers, walk-in and built-in closets. Incredible amenities, including gyms (cardio, weights and yoga room), 2 tennis courts, SPA, business center, cigar room, wonderful round infinity pool, club room among many others. Great appreciation is coming from the continuous development of Edgewater and the opening of all the retail spaces at the ground floor of the 4 condos. Rented till Dec 15, 2026, at $6000/mo. 24h notice in advance for showings are required. Price is firm. Financiang possible with a min of 25% down payment.
Features
- Built-in Features
- Walk-In Closet(s)
- Other
- Utility Room/Laundry
- Open Balcony
- Tennis Court(s)
- Bay
- Intracoastal View
- Ocean View
Leasing
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 $2,300–$5,569.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.