3131 NE 7th Ave #Uph5303, Miami, FL, 33137
About This Home
Panoramic Views at One Paraiso! A rare opportunity to own this almost new, hardly lived in, waterfront 2-story Upper Penthouse, where breathtaking ocean, bay, city & skyline sunset views unfold from every room. Spanning over 3,137 Sq.Ft., this 4BD/5.5BA N.E. corner two-story residence is wrapped in floor-to-ceiling glass, filling the interiors with natural light. A private elevator foyer entry, an open eat-in kitchen with an island, multiple balconies, & a gorgeous primary suite with walk-in closets, primary bath with dual sinks, & separate tub & shower. High ceilings everywhere, complete electric shades throughout, a storage room, and 2 parking spots. Entertain in Style! What sets this home apart is the expansive private covered rooftop terrace with a summer kitchen, jacuzzi, and an incredibly rare offering in Miami. This pet-friendly building is known for its resort-style lifestyle & full-service experience. Residents enjoy world-class amenities including multiple waterfront pools, tennis courts, a State-of-the-Art fitness center, spa & sauna, movie theater, Amara restaurant, business center, valet, concierge, & 24-hour security, all within one of Edgewater’s most prestigious towers. Perfectly positioned in Edgewater, you’re surrounded by the Design District, Midtown, Wynwood, & Downtown Miami, top dining, shopping, & cultural destinations just mins away. Enjoy waterfront park & dog park, baywalk paths, & easy access to Miami Beach & MIA Airport.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 2018
Materials
- Construction materials: CBS Construction
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Electric Water Heater,Electric Range,Refrigerator,Washer
- Laundry features: Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Features
- Lobby,Closet Cabinetry,Elevator,Roman Tub,Split Bedroom,Walk-In Closet(s),Storage
- Door features: High Impact Doors
- Window features: Complete Impact Glass,Blinds,High Impact Windows
- Flooring: Ceramic Tile
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 3,137
- Total interior livable area: 3,137 sqft
Property
Details
- Parcel number: 0132300952730
- Attached to another structure: Yes
Features
- Entry location: First Floor Entry
- Pool features: Association
- Patio & porch: Patio
- Exterior features: Balcony
- Has view: Yes
- View description: Bay,Ocean,Skyline
- Has water view: Yes
- Water view: Bay,Ocean
- On waterfront: Yes
- Waterfront features: Bay
- Frontage type: Bay/Harbor
Parking
- Total spaces: 2
- Parking features: 2 Or More Spaces,Assigned,Valet
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Miami-Dade County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $25,257 | $303,084 |
| Home Insurance * | $438 | $5,256 |
| Property Taxes | $8,830 | $105,960 |
| Electricity | $315 | $3,788 |
| Total | $34,840 | $418,080 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-19 | Price change | $5,200,000 |
| 2026-02-13 | Listed for sale | $5,799,000 |
| 2025-08-14 | Listing removed | $7,750,000 |
| 2025-07-30 | Listing removed | $35,000 |
| 2025-06-17 | Listed for rent | $35,000 |
| 2025-06-17 | Listing removed | $35,000 |
| 2025-06-04 | Listed for rent | $35,000 |
| 2025-06-04 | Listing removed | $35,000 |
| 2025-05-30 | Price change | $35,000 |
| 2025-05-27 | Listed for sale | $7,750,000 |
| 2025-05-02 | Price change | $39,995 |
| 2025-04-01 | Listed for rent | $42,500 |
| 2024-11-07 | Sold | $7,250,000 |
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