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Spacious 4-Bedroom Condo with Water Views in Miami

This 4-bedroom, 4.5-bath condo in Granparaiso offers stunning water views, a wraparound balcony, and premium finishes in Miami's Edgewater neighborhood.

$1,990,000

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MLS #A11852139

Listing Updated: 2026-07-17 18:45:22

Listed By: Florida.Doc Inc

Overview

Located at 480 NE 31st St #3301 in Miami, this 1871 sqft condominium features four bedrooms and four and a half bathrooms. Built in 2019, the residence boasts a wraparound balcony with triple exposure, providing abundant natural light and breathtaking sunrise and sunset views over the water. The interior includes wood ceramic flooring, a master suite with terrace access, and high-end SubZero/Wolf appliances. Additional amenities include a private elevator foyer, walk-in closets, and two air conditioning units. Residents enjoy access to shared amenities with the Paraiso Bay community. The property is tenant-occupied until December 2026, offering a steady rental income. Situated in the evolving Edgewater area, this condo benefits from nearby retail developments and urban conveniences.

Property Highlights

4 bedrooms, 4.5 bathrooms, 1871 sqft, wraparound balcony, direct water views, private elevator, SubZero/Wolf appliances, built in 2019, tenant occupied until 12/2026, 1 assigned covered parking space.

Property Details

City: Miami

State: FL

Zip Code: 33137

Address: 480 NE 31st St # 3301, Miami FL 33137

Year Built: 2019

Property Type: Residential

Property Sub Type: Condominium

Listing Office Name: Florida.Doc Inc

County: Miami-Dade County

Garage Spaces: 1

Parking Features: 1 Space, Assigned, Covered

Interior Features: First Floor Entry, Built-in Features, Walk-In Closet(s), Den/Library/Office

Exterior Features: East Of Us1, Open Balcony

Waterfront: Yes

Pool: No

HOA Fee: $0

Annual Tax: $30,082

Days On Market: 306 Days

Original Listing Description

Incredible direct water view from this spectacular 4 bedroom 4.5 bathroom in Granparaiso! Wraparound balcony, triple exposure, a lot of light coming thru, amazing daily sunrise and sunset. The apartment features wood ceramic floor, oversize terrace, SubZero/Wolf appliances, master bedroom with terrace access, master bathroom with separate shower and bathtub, other 3 bedrooms with ensuite bathroom with shower, 2 AC machines, private elevator with foyer. Gorgeous amenities shared with Paraiso Bay condo. HOA and Master Association include everything but not apartment electricity. Sold unfurnished. Tenant occupied until 12/15/2026 paying $10500/mo. A lot of appreciation of Edgewater neighborhood is coming due to the development of the retail spaces thru the Paraiso community!

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

480 NE 31st St # 3301, Miami FL 33137

About This Neighborhood

Edgewater is a vibrant Miami neighborhood known for its waterfront lifestyle and urban convenience. It offers easy access to downtown Miami, cultural venues, and recreational spaces. The area is undergoing significant development, including new retail spaces and residential projects, which contribute to its dynamic atmosphere. Residents enjoy a mix of dining, shopping, and outdoor activities along Biscayne Bay, making it a sought-after community for those looking to live close to the city’s core with scenic views.

Walkability & Lifestyle

Edgewater provides a walkable environment with nearby restaurants, cafes, shopping venues, and waterfront parks. Residents can enjoy daily convenience with amenities within walking distance, including access to Biscayne Bay’s recreational areas. The neighborhood’s pedestrian-friendly streets enhance lifestyle options for those who prefer urban living with outdoor leisure opportunities.

Things To Do Nearby

The area around 480 NE 31st St offers diverse activities including waterfront dining, boating, and cultural events. Nearby parks and marinas provide outdoor recreation, while the proximity to downtown Miami opens options for nightlife, shopping, and entertainment. Golf courses and art galleries are also accessible, supporting a well-rounded lifestyle.

Nearby Schools

Families considering this location benefit from access to Miami’s educational institutions, including public and private schools in the Edgewater and nearby neighborhoods. The area offers convenient commuting options for students and proximity to various learning centers. This accessibility supports a balanced lifestyle for residents with school-age children.

Why Buyers Like This Area

Buyers appreciate this condo for its combination of spacious living, water views, and modern amenities. The private elevator and large terrace add to the appeal, while the location in Edgewater offers both urban convenience and scenic surroundings. The community’s ongoing development and access to premium facilities make it attractive for those seeking a comfortable and contemporary Miami residence.

Investment Potential

This Miami condominium offers attractive features for buyers interested in properties with strong rental appeal. Located in the growing Edgewater neighborhood, the unit benefits from ongoing retail and community developments that enhance the area's desirability. The tenant occupancy through 2026 provides immediate income potential, while the premium finishes and waterfront views make it appealing to a wide range of renters and future owners. Its combination of location, amenities, and size supports long-term usability and market interest.

Market Trends

The Miami real estate market in Edgewater shows steady demand, driven by its prime location and ongoing neighborhood enhancements. Inventory in this area tends to attract buyers seeking modern condos with water views and quality amenities. Long-term interest remains strong due to the area's growth potential and lifestyle offerings. Buyers appreciate the blend of urban living with access to natural waterfront settings, supporting consistent market activity.

Rental Income Potential

This property’s tenant occupancy through December 2026 at $10,500 per month reflects strong rental demand in the Edgewater area. The condo’s size, layout, and premium features appeal to tenants seeking spacious and well-appointed homes near Miami’s downtown and waterfront. Seasonal and year-round rental interest is supported by the neighborhood’s amenities and location, making it a viable option for those considering rental income opportunities.