On Route PY06, on the way to Trinidad, Capitán Miranda is home to descendants of Ukrainian, Polish, German, Russian, Italian, Belgian, Finnish, Japanese and South American settlers. It is a green farming district and the site of the airport that serves Encarnación. Its big event is the Plow Disc Food Festival each February: the immigrant communities cook dishes from their home countries, alongside Paraguayan favorites, on recycled plow discs, with music and dancing. A good stop between the city and the missions.

According to SENATUR (the national tourism office), the colony was formed around 1914 by Ukrainian immigrants and was called Nueva Volyn, after the region of Volhynia. In 1936 it took the name of First Lieutenant Emeterio Miranda, an Encarnación native killed in the Chaco War in 1935 and posthumously promoted to captain. It belonged to Hohenau until it became a district in 1957.