480 NE 31st St 2405, Miami, FL 33137 — MLS photo

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480 NE 31st St 2405, Miami, FL 33137

Active · Condominium

$993,900

480 NE 31st St 2405, Miami, FL 33137

Beds
2
Baths
3
Living area
1,143 sq ft
$ / sq ft
$870/sq ft
Year built
2019
Lot size
—
HOA fee
$1,693 Monthly
Annual tax
$14,942

About this property

Priced as the best value among 2-bedroom residences in the building. Located on the 24th floor of the iconic Gran Paraiso - Edgewater, residence 2405 offers floor-to-ceiling windows framing sweeping bay and ocean panoramas and flooding every room with natural light. Impeccably condition including a private foyer, marble floors, walk-in closets, high ceilings, motorized shades, and a kitchen outfitted with top-of-the-line appliances. Gran Paraiso's amenities are nothing short of extraordinary, bayfront lagoon-style pool, jacuzzi, tennis courts, full-service spa with massage rooms, sauna and steam room, theater, lounge, arcade, golf simulator, bowling alley, wine cellar, co-working space, spinning room, and yoga deck and studio. Set in the heart of Edgewater, with direct access to a dog park, children's park, and the celebrated AMARA at Paraiso restaurant. Walkable, vibrant, and effortlessly connected to the best of Miami. Call today for a showing.

Property location

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480 NE 31st St 2405, Miami, FL 33137

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Facts & features

Interior

Bedrooms
2
Bathrooms
3
Living area
1,143 sq ft
Flooring
Ceramic Tile
Appliances
Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Trash Compactor, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Closet Cabinetry, Entrance Foyer, Main Level Primary

Exterior & Structure

Property type
Condominium
Year built
2019
Stories
55
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Barbecue, Courtyard, Deck
Pool
Association
Waterfront
Bayfront, Intracoastal Access
View
Bay, Skyline

Parking

Garage spaces
1
Covered spaces
1
Parking features
Covered, One Space, Valet

HOA, Community & Financials

Association fee
$1,693 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Cable Tv, Hot Water, Maintenance Grounds
Amenities
Billiard Room, Bike Storage, Business Center, Clubhouse, Fitness Center, Library, Barbecue, Picnic Area, Playground, Pool, Sauna, Spa Hot Tub, Tennis Courts, Elevators
Security
Door Man, Elevator Secured, Secured Garage Parking, Lobby Secured, Security Guard
Pets allowed
Conditional, Yes
Annual tax
$14,942
Subdivision
GRAN PARAISO CONDO
County
Miami-Dade
Days on market
179
MLS listing ID
A12007168
Listing status
Active

Investment intelligence

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

-$3,918

Cap rate
1.0%
Net yield
1.0%
Cash-on-cash return
-16.9%
Gross yield
5.8%
Mortgage payment
$4,712/mo
Down payment
$248,475
Loan amount
$745,425
Annual NOI
$9,528

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