$1,060,000

480 31st St #1504, Miami, FL 33137

Bedrooms
2
Baths
3
Living area
1,186 ft²
Price per ft²
$894 / ft²
Type
Condo
Year built
2019
HOA
$1,756 / mo HOA
On market
227 days on market
MLS #
A11961929

Experience life at Gran Paraiso in Miami’s exclusive Paraiso District — where luxury meets lifestyle on Biscayne Bay. This unique layout with 2-bedroom plus enclosed den/3 baths showcases direct bay views, a deep private terrace, and a sleek open kitchen with Italian cabinetry and quartz countertops, perfect for entertaining or everyday elegance. Gran Paraiso offers a resort-style ambiance with a secure attended lobby, receiving services, and an impressive array of amenities — including a sprawling bayfront pool with lounge beds, a state-of-the-art fitness center, spa, bowling alley, business center, and stylish social lounges. Centrally located in Edgewater, Miami’s most connected neighborhood; residents are just minutes from the Design District, Wynwood, Midtown, Brickell, Downtown, Miami Beach, and the Airport. Whether you’re looking for an exceptional primary home, a Miami retreat, or a strong investment opportunity, this residence offers it all. Motivated seller! Rented until Nov 2026.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $894. The median for recorded sales in the same ZIP codes is $913/ft² — putting it close to the median.
  • Position in the area’s price distributionThe asking price is $1,060,000; the median of recorded sales in the area is $690,000 (1,629 sales). On raw price that is 54% above the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $1,756 per month comes to $21,072 a year — 2.0% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33132, 33137 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$318,000
Term

6.95% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 17, 2026.

Estimated monthly payment$4,912
Loan amount
$742,000
Total interest over the term
$1,026,195
Total repaid
$1,768,195

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Douglas Elliman

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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