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Waterfront · Condominium
$2,099,000$1,040 / sqft
488 NE 18th St # 715, Miami FL 33132
Listed
3
Bedrooms
4
Bathrooms
2,018 sqft
Interior
2018
Year built
$2,264 / mo
HOA
Condominium
Type
About this home
Welcome to Condo Bay at Aria on the Bay — a residence designed to capture Miami from every angle. Wake up to bay views and unwind to the city skyline from a wraparound balcony that extends your living space outdoors. Enjoy the convenience of two assigned parking spaces on the same level as the residence, offering ease similar to private home living. Two private elevators open directly into your exclusive foyer, creating a seamless arrival experience. The layout features 3 bedroom suites, including 2 primary suites with walk-in closets and en-suite bathrooms, plus a third bedroom with its own bath. Each bedroom has direct access to the wraparound balcony, enhancing the indoor-outdoor flow. An enclosed den, currently used as an office, can serve as a fourth bedroom with a full bath. Custom millwork, wallpaper accents, and a built-in bar enhance the living space, complemented by Italian cabinetry, Bosch appliances, and clean finishes throughout. Offering 2,365 SF of interior space and a 613 SF wraparound balcony, the residence also includes two parking spaces on the same level. Aria on the Bay offers resort-style amenities including sunrise and sunset pools, spa, fitness center, yoga studio, theater, and 24-hour concierge. Located near Midtown, the Design District, Brickell, and Miami Beach.
Features
- Interior Hall
- Lobby
- Bar
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Custom Mirrors
- Elevator
- Entrance Foyer
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,000–$12,000.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.