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Waterfront · Condominium
$625,000$638 / sqft
488 NE 18th St # 2906, Miami FL 33132
Listed
1
Bedrooms
2
Bathrooms
979 sqft
Interior
2018
Year built
$996 / mo
HOA
Condominium
Type
About this home
Welcome to Residence 2906 at Aria On The Bay featuring ceramic floors, Italkraft kitchens, Bosch stainless steel appliances, washer/dryer in unit, built closets, and spacious balcony. The unit has a separate den with its own closet and full second bathroom, therefore it can be enclosed and used as an office or a second bedroom. Unit comes with 1 assigned parking space. Full service luxury building featuring sunrise and sunset infinity pools, BBQ area, residents lounge, billiard area, with a bar and event room, remodeled spa with infrared saunas, steam room, showers. State-of-the-art fitness center, movie theater, kids play area, ground level cafe. Located across from Margaret Pace Park. Tenant occupied until 1/1/27, ideal for immediate occupancy or investors interested in rental income.
Features
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Den/Library/Office
- Other
- Bay
- Other View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Daily Rentals Allowed
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 $1,950–$3,495.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.