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Condominium at 488 NE 18th St # 3007, Miami FL 33132Active
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Condominium
$635,000$649 / sqft

488 NE 18th St # 3007, Miami FL 33132

1
Bedrooms
2
Bathrooms
979 sqft
Interior
2018
Year built
None
HOA
Condominium
Type

About this home

Gorgeous 2 bedroom 2 bathroom plus oversize den and bay view balcony in the highly desirable Aria on the Bay Condo, located just in front of the wonderful Margaret Pace park facing Biscayne Bay. The apartment features wood ceramic floor all over, Italian design fully equipped kitchen with isle and stainless steel appliances, built-in walking closets. The layout has been designed for privacy with a split plan: den and second bathroom at the entrance and master bedroom with ensuite bathroom at the end. The den is big enough to be used as second bedroom or home office and has hits own built-in closet. 1 assigned parking. The condo features gorgeous amenities starting from the Hollywoodian entrance, morning and afternoon pools to take advantage of the sun all day long, state of the art gym among many others. Very strategic location close to South Beach, Airport, Financial District, Wynwood, Design district all just 10 minutes driving distance. AAA Tenant occupied until Jan 14, 2027 paying $3900/mo. Perfect as investment (including 1031 Exchange) or to live in.

Features

  • Built-in Features
  • Walk-In Closet(s)
  • Open Balcony
  • Bay

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$3,211

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$3,211
HOA
None

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

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Request a private or video tour with a local agent.

Courtesy of
Florida.Doc Inc

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

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 rent, 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. 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.