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Waterfront · Condominium
$645,000$726 / sqft
488 NE 18th Street Apt 3508, Miami FL 33132
Listed
1
Bedrooms
2
Bathrooms
888 sqft
Interior
2018
Year built
$996 / mo
HOA
Condominium
Type
About this home
High-floor Biscayne Bay living at Aria on the Bay. Located on the 35th floor, this bright and beautifully upgraded 1-bedroom plus den, 2-bath residence offers open water views, floor-to-ceiling windows, a spacious balcony, private elevator, assigned parking, and abundant natural light throughout. A private elevator opens directly into the residence's private foyer, creating a sense of privacy from the moment you arrive. Inside, the open living and dining area flows naturally toward the balcony and Biscayne Bay views. The home features porcelain/ceramic flooring, stainless steel appliances, quartz countertops, upgraded electrical, smart-home switches, new doors, and custom closets. The primary suite includes two closets, one of them a walk-in, offering unusually generous storage. A flexible den provides the option for a home office, guest space, media room, or convertible second bedroom, complemented by a second full bathroom. Residents of Aria on the Bay enjoy three levels of resort-style amenities, including two pools, fitness center, yoga studio, spa, sauna, steam room, hot tub, theater, game rooms, sports courts, business center, BBQ areas, and concierge services. Its location is directly across from Margaret Pace Park and minutes from Brickell, Downtown, Wynwood, Midtown, the Design District, and Miami Beach, the location combines waterfront living with exceptional access to the best of Miami. Private elevator, high floor, two full bathrooms, flexible den, generous closet space, assigned parking, and expansive Biscayne Bay views make this residence an exceptional Edgewater offering.
Features
- Interior Hall
- Entrance Foyer
- Other
- Split Bedroom
- Walk-In Closet(s)
- Open Balcony
- Bay
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.