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Waterfront · Condominium
$990,000$788 / sqft
488 NE 18th St # 3609, Miami FL 33132
Listed
2
Bedrooms
3
Bathrooms
1,257 sqft
Interior
2018
Year built
$1,336 / mo
HOA
Condominium
Type
About this home
Luxurious Residence Beautiful finishes in this 2bedroom +den ,3 bathroom at Aria on the Bay,directly across the street from Biscayne Bay in the Arts and Entertainment District. Featuring Private Elevator Entrance to your Foyer,Bosch stainless steel appliances,Italian wood cabinets by Italkraft,quartz countertops.,Brizo Faucets .White porcelain floors throughout the unit, floor to ceiling windows. Master Bath & Second Bath w/ dual sinks. Large balcony. Full service Building with 2 curved sunrise/sunset pools, Hot Tub, Indoor/Outdoor Social Room,State of the Art gym and yoga room, BBQ area with summer kitchen, Theater,Kids Playroom, Business Center.Valet Parking. Minutes from Wynwood, Midtown, Design District, South Beach and Downtown.
Features
- Lobby
- Fire Sprinklers
- Split Bedroom
- Walk-In Closet(s)
- Den/Library/Office
- Open Balcony
- Bay
- Other View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- No Daily Rentals
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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,350–$5,800.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.