Gran Paraiso Condos For Sale & Rent

Gran Paraiso Residences Condo Overview

Gran Paraiso Residences is an Edgewater condo building at 480 31 St in Edgewater, Miami. Built in 2018, the property has 54 stories and 317 residences. Buyers usually compare bay views, newer high-rise amenities, parking, rental rules, and access to Downtown Miami, Wynwood, Midtown, and the Design District.

Gran Paraiso Residences Condos for Sale

Gran Paraiso Residences condos for sale should be compared by bay or skyline exposure, floor height, line, balcony position, interior condition, parking, and monthly fees. Buyers should review recent comparable sales, view quality, interior condition, parking, monthly fees, building rules, reserves, and insurance considerations before deciding how a listing is positioned.

Gran Paraiso Residences Rentals and Rental Policy

Rental policy currently shows a long-term rental setup, a 3-month minimum rental term and up to 4 rentals per year. Buyers should verify association rules, approval timing, lease fees, taxes, city requirements, and current restrictions before relying on projected income.

Amenities and Building Details

The building was designed by Arquitectonica and developed by The Related Group. Pets are allowed with restrictions. Tennis access is also part of the building review. Buyers should review amenities, parking, security, reserves, insurance considerations, association rules, and monthly fees with the specific residence. Spanning 54 floors, Gran Paraiso offers 317 residential units, featuring one-, two-, three-, and four-bedroom floor plans. The 3-acre elevated recreation deck boasts a stunning zero-entry heated swimming pool, a children's swimming pool with an interactive water playground, and a relaxing spa. Additionally, the beach club, access to a public waterfront park, 24-hour security, full-service concierge, and complimentary valet parking underscore the commitment to comfort and convenience. The residential units at Gran Paraiso boast top-of-the-line Sub-Zero kitchen appliances, 10 to 12-foot high ceilings with floor-to-ceiling windows, spacious walk-in closets, and 8-foot-deep oversized balconies that extend the living space outdoors.

What to Compare Before Buying at Gran Paraiso Residences

Compare active condos for sale, active rentals, recent sales, bay exposure, unit condition, monthly fees, parking, rental rules, pet policy, and Edgewater walkability. It is also useful to compare Gran Paraiso Residences with nearby buildings and area pages such as Miami, Edgewater district, and Paraiso Bayviews.

Market Context

Gran Paraiso Residences has completed-year closed-sale history from 2019 through 2025 in the market statistics, with 96 recorded condo sales, or about 14 sales per year. That gives buyers a useful resale sample, but individual unit differences still need to be adjusted carefully. The busiest year in the series was 2022 with 26 sales, while the quietest was 2019 with 4. Recent completed-year sales volume is above the long-term average. The gap between the busiest and quietest years also shows why buyers should separate building demand from broader market-cycle timing.

The completed-year price-per-square-foot history for Gran Paraiso Residences ranges from about $600/sqft to $1,012/sqft, with an average near $867/sqft across the years shown. That range gives buyers room to separate stronger lines and renovated units from more ordinary comparisons. The last completed year in the series is higher than the first, moving from $600/sqft in 2019 to $829/sqft in 2025. The recent completed-year price-per-square-foot average is close to the long-term average. Average closed price over the same completed-year period was about $1,264,977, but that number should be read by bedroom count, size, view, and renovation level.

Bedroom-level statistics also help explain value at Gran Paraiso Residences: 3 Beds and 2 Beds units have the broadest historical comparison set, while 4 Beds+ around $2,165,797 and 3 Beds around $1,446,571 represent the higher average closed-price tiers in the chart data. Because that segment appears across several years, it is more useful as a comparison base than a one-off sale. Buyers should compare units within the same bedroom count before deciding whether a listing is expensive or well positioned. Gran Paraiso Residences also has long-term rental positioning with a 3-month minimum lease and up to 4 rentals per year, which should be read together with the long-term sales data. That points to a more traditional ownership profile, so long-term tenant quality, association approvals, and carrying costs matter more than short-stay turnover.