Gran Paraiso on the Bay
Gran Paraiso on the Bay is a 54-story bayfront condominium at 480 NE 31st Street in Miami's Edgewater neighborhood, completed in 2019 with 313 residences. It is the final of four towers in the Related Group's master-planned Paraiso District, designed by architecture firm Arquitectonica, with interiors by Piero Lissoni and landscape design by Enzo Enea. Residents have access to an extensive amenity package that includes multiple swimming pools, lighted tennis courts, cabanas, a spa, a fitness center, a bowling alley, a game room, a wine room, and a theater. The building sits directly on Biscayne Bay within the gated, park-like Paraiso District campus, close to Amara at Paraiso restaurant and just minutes from Midtown, the Design District, and Downtown Miami.
Amenities
- Swimming pools
- Lighted tennis courts
- Cabanas
- Spa (including hammam steam/sauna facilities)
- Fitness center
- Bowling lanes
- Game room
- Wine room/cellar
- Theater/screening room
- Library
- Lounges
- Concierge
- Valet parking
- 24-hour security
- Children's playroom/lounge
- Dog park
- Bayfront park
| Unit | Floor | Beds | Baths | Sq Ft | Floorplan |
|---|---|---|---|---|---|
| Residences | |||||
| Residence 01 | — | 4 | 2 | — | View |
| Residence 02 | — | 1 | 2 | — | View |
| Residence 03 | — | 2 | 3 | — | View |
| Residence 04 | — | 2 | 3 | — | View |
| Residence 05 | — | 2 | 3 | — | View |
| Residence 06 | — | 2 | 2 | — | View |
| Residence 07 | — | 3 | 3 | — | View |
| Penthouse | — | 4 | 2 | — | View |
| Residence BASE | — | 3 | 3 | — | View |
| Residence BASE ·10 | — | 4 | 2 | — | View |
| Residence 3 | — | 4 | 2 | — | View |
Floor plans courtesy of the developer; dimensions are approximate and subject to change.
Gran Paraiso sits within the Paraiso District, a master-planned 11-acre bayfront community in Miami's Edgewater neighborhood that also includes the Paraiso Bay, One Paraiso, and Paraiso Bayviews towers along with a shared bayfront park and beach club. The area is close to Amara at Paraiso restaurant on-site, and just a short drive or bridge from Midtown, the Design District, Downtown Miami, and Miami Beach.
Income
Employment
Income Brackets (%)
Population
Age Distribution (%)
Housing Tenure
Ownership (%)
Education (age 25+)
Educational Attainment (%)
Commute to Work
How Residents Commute (%)
Population
Race & Ethnicity (%)
Miami, FL 33137
Available Residences at Gran Paraiso on the Bay
4 Bedroom Condos · showing 5 of 6
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| PH5101 | $3,475,000 | 4 / 5 / 1 | 2,663 | $1,305 | 121 |
| PH5303 | $3,350,000 | 4 / 5 / 1 | 2,418 | $1,385 | 42 |
| Ph5104 | $3,295,000 | 4 / — / 1 | 2,792 | $1,180 | 76 |
| 3101 | $2,225,000 | 4 / 5 / 1 | 1,871 | $1,189 | 256 |
| 3401 | $2,190,000 | 4 / 5 / 1 | 1,871 | $1,170 | 117 |
3 Bedroom Condos · 1 unit
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| 2607 | $1,249,000 | 3 / 3 | 1,649 | $757 | 450 |
2 Bedroom Condos · showing 5 of 9
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| 1705 | $1,100,000 | 2 / 3 | 1,143 | $962 | 154 |
| 2003 | $1,100,000 | 2 / 3 | 1,187 | $927 | 1 |
| 3705 | $1,075,000 | 2 / 3 | 1,143 | $941 | 46 |
| 3405 | $1,070,000 | 2 / 3 | 1,143 | $936 | 209 |
| 1504 | $1,060,000 | 2 / 3 | 1,186 | $894 | 117 |
1 Bedroom Condos · 4 units
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| 2202 | $819,000 | 1 / 2 | 940 | $871 | 815 |
| 1802 | $795,000 | 1 / 2 | 940 | $846 | 30 |
| 802 | $735,000 | 1 / 2 | 940 | $782 | 65 |
| 1602 | $729,000 | 1 / 3 / 1 | 940 | $776 | 74 |
Compare every Edgewater building, its inventory, and area market trends in one place.
ANALYTICS
CURRENT INVENTORY
INVENTORY BY BEDROOM
- 1 Bed (4) 20%
- 2 Bed (9) 45%
- 3 Bed (1) 5%
- 4 Bed (6) 30%
INVENTORY TREND (ALL UNITS)
Market & Community Report
As of August 12, 2026, Gran Paraiso on the Bay carries 20 active listings at an average asking price of $1.5M, with an average time on market of 150 days. Closed sales over the preceding 36 months averaged $869 per sq ft, and 21 transactions closed in the past 12 months — implying 11.4 months of supply against the current pace of absorption.
Zip code 33137 (Miami) is home to 27,300 residents with a median age of 34.3. Per-capita income stands at $66,422; 50.9% hold a bachelor's degree or higher. 26.7% of units are owner-occupied; 26.6% of residents work from home.
Data current as of August 12, 2026. Market metrics derived from MLS closed sales; community data from U.S. Census ACS.
Frequently Asked Questions — Gran Paraiso on the Bay
How many condos are for sale at Gran Paraiso on the Bay?
As of August 12, 2026, 20 residences are actively listed for sale at Gran Paraiso on the Bay. Current asking prices range from $729K to $3.5M. Inventory updates daily from the MLS.
How much do condos at Gran Paraiso on the Bay cost?
Condos at Gran Paraiso on the Bay are currently asking from $729K to $3.5M. Over the past 36 months, closed sales have averaged $869 per square foot. Final pricing varies by floor, line, square footage, finishes, and view.
What is the average price per square foot at Gran Paraiso on the Bay?
Based on MLS closed sales over the preceding 36 months, the average sale price at Gran Paraiso on the Bay is $869 per square foot. Use this as a benchmark when comparing active listings in the building.
Where is Gran Paraiso on the Bay located?
Gran Paraiso on the Bay is located at 480 Ne 31 St, Miami, FL, 33137, in the Edgewater area.
What neighborhood is Gran Paraiso on the Bay in?
Gran Paraiso on the Bay is in Edgewater, Miami. You can compare every condo building, home inventory, and price trend across Edgewater on its neighborhood guide.
How many units are in Gran Paraiso on the Bay?
Gran Paraiso on the Bay has 313 residences across 54 stories.
What year was Gran Paraiso on the Bay built?
Gran Paraiso on the Bay was completed in 2019.
What floor plans are available at Gran Paraiso on the Bay?
Gran Paraiso on the Bay has 11 published floor plans, spanning 1- to 4-bedroom layouts. See the Floor Plans tab above for unit lines, dimensions, and layouts.
What amenities does Gran Paraiso on the Bay offer?
Gran Paraiso on the Bay amenities include Swimming pools, Lighted tennis courts, Cabanas, Spa (including hammam steam/sauna facilities), Fitness center, Bowling lanes, Game room, Wine room/cellar.