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Waterfront · Condominium
$524,999$739 / sqft
488 NE 18th St # 1205, Miami FL 33132
Listed
1
Bedrooms
2
Bathrooms
710 sqft
Interior
2018
Year built
$745 / mo
HOA
Condominium
Type
About this home
Centrally located in the Arts and Entertainment District with waterfront views and finished with luxurious details at the coveted Aria on the Bay, we proudly bring you unit 1205. This spacious one bed, 1 bath condo boasts desirability on all fronts from a central location with close proximity to highways, various neighborhoods in the City of Miami, picturesque ocean and bay front views, shopping and dining all while maintaining a calm and quiet community feel. Interior features of this unit include: 14 foot vaulted ceilings throughout, recessed lighting, fresh paint and wallpaper accent walls, mechanical blinds, upgraded porcelain floors throughout the unit, quartz countertops, Bosch stainless appliances and a protected view of Biscayne Bay. Come and see all this unit offers today!
Features
- Open Balcony
- Bay
- Ocean View
- Water View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- No Daily Rentals
- Okay To Lease 1st Year
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,750.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.