480 NE 31st St

Miami, FL 33137

$1,890,000

$1,010/ft²

4Beds

4.5Baths

1,871Sq ft

2019Year built

CondoType

About this home

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.

Features

Waterfront

Property details

Listing

MLS #: A12000905
Status: For sale
Listed on: Apr 14, 2026
Days on market: 118 days
Listing data updated: Apr 28, 2026

Interior

Beds: 4
Baths: 4.5
Living area: 1,871 ft²
Price per ft²: $1,010/ft²
Unit: 1501

Building & community

Type: Condo
Year built: 2019
HOA fee: $2,836/mo
County: Miami-Dade

Lot & exterior

Waterfront: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $9,557
Property taxes (est.): $1,733
Home insurance (est.): $600
Flood insurance (est.): —
HOA fee: $2,836

Estimated total$14,726*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?

Building structural health (SIRS)

No filing record found

We couldn't find a SIRS filing record for this building in Florida's public DBPR database. That is not a red flag by itself: buildings under three stories are exempt, recent or mailed-in filings may not appear yet, and the name or address on file may differ from this listing.

Questions about this

What is a SIRS and why does it matter?

Since the Surfside collapse, Florida requires condo and co-op buildings three stories or taller to complete a Structural Integrity Reserve Study: an inspection-based plan that forces the association to fund structural repairs (roof, load-bearing walls, plumbing, electrical) instead of deferring them. It matters because underfunded buildings are the ones that surprise owners with large special assessments.

Has this building filed its SIRS?

We didn't find a filing record for this building in the DBPR's public database. Absence of a record does not mean the building is out of compliance — it may be exempt (under three stories), the filing may be recent or on paper, or the recorded name/address may differ. It IS the right question to ask before offering.

What is a special assessment?

A one-off charge the association levies on every owner when reserves don't cover a needed repair — in older coastal buildings they have ranged from a few thousand to over $100,000 per unit. The SIRS exists precisely to make these predictable and funded in advance. Always review the building's budget, reserves and meeting minutes before buying.

What should I check before buying in this building?

Florida law gives buyers the right to review the association's SIRS, milestone inspection reports, budget and reserves — the full study is available from the association by written request. Nilyan requests and walks through these documents with her buyers as part of the offer process.

Source: Florida DBPR public SIRS reporting database. Filing status is self-reported by the association; this is not an audit, inspection or safety certification, and absence of a record does not mean non-compliance. Data as of July 30, 2026.

Want the full structural picture of this building before you offer?