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480 NE 31st St # 1501, Miami FL 33137

Condo/Co-op For Sale
$1,890,000

BTC: 29.53125000

ETH: 1,050.00000000

-$60K (2026/04/28)
50 days
Waterfront
4 bds
4 ba
1,871 sqft

Overview

Perched on a high floor at Gran Paraiso, Residence 1501 is a spectacular 4-bedroom, 4.5-bath waterfront home offering unobstructed Biscayne Bay views and stunning Miami Beach skyline vistas. This bright and airy residence features a highly desirable flow-through layout with triple exposure, allowing for both breathtaking sunrises and sunsets from the expansive wraparound terrace. Floor-to-ceiling glass floods the interiors with natural light, highlighting refined finishes throughout, including wood-look ceramic flooring and a sleek open kitchen equipped with premium appliances. The spacious primary suite offers direct terrace access and a spa-inspired bathroom with dual vanities, soaking tub, and separate glass-enclosed shower. Each additional bedroom is en-suite, ensuring comfort and privacy for family or guests. A private elevator opens into an exclusive foyer, adding an extra layer of privacy and sophistication. Additional features include dual-zone A/C and ample storage. Residents enjoy world-class amenities shared with Paraiso Bay, including a waterfront pool, state-of-the-art fitness center, spa, tennis courts, bowling lanes, kids’ play areas, on-site dining, and 24-hour concierge and security. Ideally located in the heart of Edgewater, minutes from Miami Beach, Design District, Wynwood, and the airport.

Location

Details

Type:
Residential
Parking:
1 Space / Assigned / Covered
Year Built:
2019
Lot:
No Data
Heating:
Central
Price/sqft:
$1,010
Cooling:
Central Air
HOA:
$2,836

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,725,000
$1.3M – $2.4M
Confidence Low
List vs. estimate
$165K above estimate
List $1,890,000 · +9.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,010
+79.1% vs. city median $564
Based on
127 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $667K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$26,418
2025
HOA
$2,836/mo
View
Bay, Intracoastal View
Waterfront
Yes
Garage
1 car garage
Furnished
Furniture For Sale,Furniture Negotiable
Pets
Restrictions Or Possible Restrictions
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Lobby

    • Closet Cabinetry

    • Cooking Island

    • Entrance Foyer

    • Walk-In Closet(s)

    • Den/Library/Office

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Bathrooms: 1

    • Full bathrooms: 4

  • Parking

    • 1 Space

    • Assigned

    • Covered

    Property

    • Exterior Features: Open Balcony

    Other Property Information

    • Parcel Number: 01-32-30-108-0090

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $2,836

    • HOA Frequency: Monthly

    • Annual tax amount: $26,418

  • Source details

    • MLS ID: A12000905

    Other facts

    • Construction Materials: Concrete Block With Brick

    • Patio And Porch Features: Open Balcony

    • Window Features: Complete Impact Glass / High Impact Windows

    • Architectural Style: Corner Unit / High Rise

    • Waterfront: Yes

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1871

    • Subdivision Name: GRAN PARAISO CONDO

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: The Corcoran Group