Cays Realty
480 NE 31st St PH5101, Miami, FL 33137 — MLS photo

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480 NE 31st St PH5101, Miami, FL 33137

Active · Condominium

$3,475,000

480 NE 31st St PH5101, Miami, FL 33137

Beds
4
Baths
5
Living area
2,663 sq ft
$ / sq ft
$1,305/sq ft
Year built
2019
Lot size
—
HOA fee
$3,525 Monthly
Annual tax
$47,599

About this property

One of a kind stunning PH with unobstructed ocean views. 4 beds and 4 1/2 baths with gorgeous floors, wraparound balcony facing east and west with a mini-Jacuzzi to enjoy the ocean views, closets by ItalKraft, electric blinds and blackouts, 4 parking spaces, 1 storage, private cellar, top of the line appliances and 12"ceilings. Gran Paraiso offers outdoor park, Cabanas, Pools, Tennis Courts, Lounges, Library, Wine Room, Game Room, Spa, Gym, Theater. You are steps to Midtown, Design District, Downtown and only a bridge away from Miami Beach. Enjoy the unbelievable sunrises in Gran Paraiso.

Property location

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480 NE 31st St PH5101, Miami, FL 33137

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Facts & features

Interior

Bedrooms
4
Bathrooms
5
Living area
2,663 sq ft
Flooring
Ceramic Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Wine Cooler, Washer
Cooling
Electric
Heating
Electric
Interior features
Bedroom On Main Level, Bathtub, Closet Cabinetry, First Floor Entry, Living Dining Room, Separate Shower, Walk In Closets

Exterior & Structure

Property type
Condominium
Year built
2019
Stories
54
Architectural style
High Rise, Penthouse
Construction
CBSConcrete Block Structure, Block
Exterior features
Security High Impact Doors
Pool
Association
Waterfront
Bayfront
View
Bay

Parking

Garage spaces
4
Covered spaces
4
Parking features
Attached, Garage, Two Or More Spaces, Valet

HOA, Community & Financials

Association fee
$3,525 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Insurance, Internet, Legal Accounting, Maintenance Grounds, Pest Control, Sewer, Trash, Water
Amenities
Business Center, Clubhouse, Fitness Center, Barbecue, Other, Picnic Area, Playground, Pool, Sauna, Spa Hot Tub, Elevators
Security
Closed Circuit Cameras, Lobby Secured, Fire Sprinkler System, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$47,599
Subdivision
GRAN PARAISO CONDO
County
Miami-Dade
Days on market
258
MLS listing ID
A11958649
Listing status
Active

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Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$13,077

Cap rate
1.2%
Net yield
1.2%
Cash-on-cash return
-16.1%
Gross yield
5.0%
Mortgage payment
$16,473/mo
Down payment
$868,750
Loan amount
$2,606,250
Annual NOI
$40,756

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.