Cays Realty
480 NE 31st St 3705, Miami, FL 33137 — MLS photo

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480 NE 31st St 3705, Miami, FL 33137

Active · Condominium

$1,075,000

480 NE 31st St 3705, Miami, FL 33137

Beds
2
Baths
3
Living area
1,143 sq ft
$ / sq ft
$941/sq ft
Year built
2019
Lot size
—
HOA fee
$1,732 Monthly
Annual tax
$14,957

About this property

Trendy GranParaiso located in Edgewater, Miami’s hottest new neighborhood. Beautiful 2 bedrooms/3 bath plus DEN with floor to ceiling windows and easy access to the balcony with breathtaking BAY VIEWS! 10 FT ceilings, porcelain floors throughout, finished custom closets, electric blinds, wolf appliances, and sub-zero refrigerator. Designed by architecture Piero Lissoni and landscaping designed by Swiss landscape architect Enzo Enea. Wonderful amenities like kids play area, clubroom, exercise room, golf,theatre,pool,spinning, spa/hottub, hamam, bowling room, tennis court and access to GranParaiso beach club.Located on Biscayne Bay, GranParaiso’s Beach Club features a restaurant by award-winning chef Michael Schwartz with elegant indoor and outdoor dining.Centrally located in North Edgewater with easy access to I-95, Miami Beach and the Design District.

Property location

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480 NE 31st St 3705, Miami, FL 33137

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Facts & features

Interior

Bedrooms
2
Bathrooms
3
Living area
1,143 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Disposal, Refrigerator, Self Cleaning Oven, Trash Compactor, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Built In Features, Bathtub, Closet Cabinetry, Dual Sinks, Entrance Foyer, Living Dining Room, Split Bedrooms, Walk In Closets, Elevator

Exterior & Structure

Property type
Condominium
Year built
2019
Stories
55
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Security High Impact Doors, Tennis Courts
Pool
Heated
Waterfront
Bayfront
View
Bay, Ocean, Pool

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, One Space, Garage Door Opener

HOA, Community & Financials

Association fee
$1,732 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Cable Tv, Hot Water, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Parking, Pools, Sewer, Security, Trash, Water
Amenities
Boat Dock, Billiard Room, Bike Storage, Business Center, Clubhouse, Fitness Center, Barbecue, Picnic Area, Playground, Pool, Sauna, Spa Hot Tub, Tennis Courts, Trash, Elevators
Security
Fire Alarm, Lobby Secured, Security Guard, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$14,957
Subdivision
GRAN PARAISO CONDO
County
Miami-Dade
Days on market
134
MLS listing ID
A12032379
Listing status
Active

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

Estimated monthly cash flow

-$4,189

Cap rate
1.0%
Net yield
1.0%
Cash-on-cash return
-16.7%
Gross yield
5.6%
Mortgage payment
$5,096/mo
Down payment
$268,750
Loan amount
$806,250
Annual NOI
$10,885

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