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3131 NE 7th Avenue | Edgewater
A completed bayfront tower with Italian interiors and six residences per floor
One Paraiso is a 53-story, 276-residence condominium on Biscayne Bay in Miami's Edgewater neighborhood. Developed by Related Group, the tower pairs Arquitectonica's architecture with residential interiors and amenity spaces by Piero Lissoni.
The building is part of the broader Paraiso district, but it should be evaluated as its own condominium. Floor, line, bay exposure, balcony depth and interior condition create meaningful value differences between residences, especially on upper floors and in the penthouse collection.
53Stories
276Residences
2018Delivery
Building Details
One Paraiso at a Glance
Address
3131 NE 7th Avenue, Miami, FL 33137
Developer
Related Group
Architect
Arquitectonica
Year Completed
2018
Residences
276
Stories
53
Neighborhood
Edgewater
What Makes It Special
Why Buyers Choose One Paraiso
Direct Biscayne Bay Position
East-facing residences look across Biscayne Bay toward Miami Beach, while higher floors can capture broad water and skyline views.
Six Residences Per Floor
The floor plate is more limited than many large Edgewater towers, giving the building a more defined residential character.
Piero Lissoni Interiors
The Italian designer shaped the residences and amenity spaces with a restrained, contemporary material palette.
Established Ownership
Completed in 2018, One Paraiso can be evaluated through actual operations, resale history, budgets and current condition rather than projected developer materials.
Advisor Perspective
Our Take on One Paraiso
One Paraiso is most compelling when the residence combines a strong bay-facing line, usable outdoor space and a floor high enough to protect the view corridor. Buyers should avoid treating every unit at the same price per square foot because exposure and condition vary substantially.
The right diligence includes the current association budget, reserves, insurance, assessments, recent comparable sales and the condition of the exact residence. Public inventory should also be checked against withdrawn, private and coming-to-market opportunities.
About One Paraiso
One Paraiso Condos for Sale in Edgewater
One Paraiso is a completed bayfront condominium at 3131 NE 7th Avenue in Miami's Edgewater neighborhood. Developed by Related Group, the 53-story tower contains 276 residences and penthouses with only six homes per floor. Arquitectonica designed the building, while Piero Lissoni directed the residential interiors and amenity spaces.
Residences, Views and Floor Plans
Residences are oriented around Biscayne Bay, Miami Beach and skyline views. The most important distinctions are floor, line, exposure, terrace usability and condition. Upper-floor residences and penthouses should be compared separately from the wider resale inventory because view protection and scale can materially affect value.
Amenities and Ownership
One Paraiso's amenity program includes two pools, spa and fitness facilities, tennis courts, a private beach club and access to Amara at Paraiso. Because the building was completed in 2018, buyers can review actual operating history, association budgets, reserves, insurance and recent sales rather than relying on projected developer assumptions.
Buyer Guidance
A complete comparison should include the current association documents, monthly carrying costs, any assessment, recent closed sales and the renovation scope of the specific residence. Active listings do not always represent the complete market, so private and coming-to-market availability should also be checked.
Pricing
Residence Collection
Resale Residences
Two- to four-bedroom homes and penthouses
Varies by line and floor
Market-driven resale pricing
- Bay and skyline exposures
- Private terraces
- Upper-floor and penthouse opportunities
Amenities
Bayfront amenities across the Paraiso district
Water and wellness
- Two swimming pools
- Spa and treatment facilities
- State-of-the-art fitness center
- Private beach club access
Sport and service
- Private tennis courts
- Concierge and valet
- Resident social spaces
- Amara at Paraiso waterfront restaurant
Design & Architecture
The Visionaries
Related Group
Developer
Related Group developed One Paraiso as part of the bayfront Paraiso district in Edgewater.
Arquitectonica
Architecture
Arquitectonica designed the 53-story tower and its contemporary bayfront profile.
Piero Lissoni
Interior design
Piero Lissoni designed the residential interiors and amenity spaces.
The Neighborhood
Edgewater
One Paraiso sits on Biscayne Bay in Edgewater, north of Downtown Miami and east of Wynwood. The location offers direct water views with access to the Design District, Midtown, Wynwood and the urban core.
FAQ
Frequently Asked Questions
What is One Paraiso?
One Paraiso is a completed 53-story condominium at 3131 NE 7th Avenue in Miami's Edgewater neighborhood. The tower contains 276 residences and penthouses, with six residences per floor.
Who designed One Paraiso?
Arquitectonica designed the tower, and Piero Lissoni designed the residential interiors and amenity spaces. Related Group developed the property.
What amenities does One Paraiso offer?
The amenity program includes two pools, a spa, fitness facilities, tennis courts, a private beach club and access to Amara at Paraiso, the waterfront restaurant by chef Michael Schwartz.
Where is One Paraiso located?
One Paraiso is at 3131 NE 7th Avenue on Biscayne Bay in Edgewater, between Downtown Miami and the Miami Design District.
What should buyers compare at One Paraiso?
Buyers should compare floor, line, bay exposure, balcony depth, condition, monthly carrying costs, reserves and assessments. Upper-floor and penthouse residences can trade differently from the building's broader resale market.
Get in Touch
Private Availability at One Paraiso
For current availability, pricing history, floor plans, and off-market opportunities at One Paraiso, request a confidential review with our advisory team.
Address
3131 NE 7th Avenue, Miami, FL 33137
Phone
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Miami Real Estate Market Intelligence
Market Context: The Miami-to-Northeast and Miami-to-California migration has converted from pandemic-era spike to structural relocation. Miami’s millionaire population grew approximately 78% between 2013 and 2023. Geographic constraint is binding: ocean, bay, and Everglades pin supply. December 2025 medians: Miami Beach condo $620K, Brickell condo $580K. Luxury condominium price per sq ft: $1,200-$3,500+, extending to $2,000-$4,500+ on Fisher Island and $1,800-$4,000+ at South of Fifth.
Value submarkets: Brickell ($600-$1,500/SF), Edgewater ($700-$1,200/SF), Downtown Miami ($600-$2,000/SF). Trophy submarkets: Fisher Island, Sunny Isles Beach ($1,500-$3,500/SF, dense branded-residence inventory), South of Fifth. Branded benchmarks include Four Seasons Surf Club ($2,200-$3,500/SF), St. Regis Sunny Isles ($1,800-$2,800/SF), and Porsche Design Tower ($1,600-$2,400/SF). Miami now carries more hotel-branded residences than any other Western Hemisphere city.
Structural inputs compound: no state income tax (vs. 10.9% NY, 13.3% CA), no estate tax, 78% decade millionaire growth, and construction-cost inflation. Current pre-construction inventory was financed and broken ground before 20-50% tariffs landed on steel, aluminum, concrete, and lumber, effectively the last tranche of pre-tariff pricing. Florida SB 264 restricts acquisitions by nationals of certain countries within 10 miles of military installations and must be screened at contract stage for international buyers.
Key Facts
- Miami Beach Condo Median (Dec 2025): $620K
- Brickell Condo Median (Dec 2025): $580K
- Luxury Condo $/SF: $1,200-$3,500+
- Fisher Island $/SF: $2,000-$4,500
- Avg Days on Market: 95
- Closing Costs: 2-3% (cash), 3-4% (financed)
- Property Tax: ~2% of assessed value annually
- Millionaire Population Growth: +78% (2013-2023)
- State Income Tax: 0% (vs. NY 10.9%, CA 13.3%)
What Buyers Should Know
Miami’s millionaire population grew approximately 78% between 2013 and 2023 with no state income tax and hard geographic constraints (ocean, bay, Everglades) capping supply. Luxury condominium price per sq ft runs $1,200-$3,500+, extending to $2,000-$4,500+ on Fisher Island and $1,800-$4,000+ at South of Fifth. Miami now carries more hotel-branded residences than any other Western Hemisphere city.
Miami Real Estate FAQs
What are Miami’s current condominium medians?
December 2025: Miami Beach $620K, Brickell $580K. Luxury condominium stock runs $1,200-$3,500+ per sq ft, extending to $2,000-$4,500 on Fisher Island and $1,800-$4,000 at South of Fifth.
Why is Miami attracting UHNW capital structurally?
Zero state income tax (versus NY 10.9%, CA 13.3%), no estate tax, a 78% decade growth in the millionaire population (2013-2023), and geographic constraints that cap long-run supply. These are structural inputs, not cyclical.
What does the construction-cost tariff environment mean for current inventory?
Current pre-construction inventory was financed and broke ground before 20-50% tariffs landed on steel, aluminum, concrete, and lumber. Replacement-cost pricing on the next development cycle is expected to rise materially. Current allocations represent the last tranche of pre-tariff pricing.
What is Florida SB 264 and how does it affect international buyers?
Florida SB 264 restricts property acquisitions by nationals of seven countries (China, Russia, Iran, North Korea, Cuba, Venezuela, Syria) within 10 miles of military installations. The restriction must be screened at contract stage and may require entity-structure adjustments to comply.
What are typical monthly carrying costs on a Miami condominium?
HOA $0.80-$2.50 per sq ft per month, property tax ~2% of assessed value annually, HO-6 insurance $2,000-$5,000+ annually, flood insurance $500-$3,000+. A 2,000 sq ft condo runs $1,600-$5,000 per month in HOA alone.
What are the post-Surfside inspection requirements?
Buildings 3+ stories must undergo structural inspections at year 30 (year 25 if coastal), then every 10 years. Associations must fully fund reserves; reserve waivers are no longer permitted. Older buildings carry special-assessment risk; inspection and reserve-study review is required at due-diligence.