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Waterfront · Condominium
$2,250,000$1,115 / sqft
488 NE 18th Street # 1515, Miami FL 33132
Listed
3
Bedrooms
4
Bathrooms
2,018 sqft
Interior
2018
Year built
$2,267 / mo
HOA
Condominium
Type
About this home
Welcome to 488 NE 18th Street #1515, an exceptional luxury residence in one of Miami's most sought-after waterfront neighborhoods. Combining sophisticated design, premium upgrades, and an unbeatable location, this beautifully appointed home offers an elevated lifestyle in the heart of the city. One of the home's most distinctive features is its impressive 130-square-foot private foyer entrance, creating a grand welcome and providing a level of privacy rarely found in condominium living. Inside, you'll discover a thoughtfully upgraded interior with high-end finishes throughout. The kitchen is equipped with a brand-new refrigerator, new mini wine refrigerator, new garbage disposal, and a new stacked washer and dryer, offering both style and everyday convenience. The residence has also been enhanced with an extensive collection of designer lighting and modern fixtures, including flush-mount LED ceiling lights throughout, elegant chandeliers in the living and dining rooms, and track lighting above the kitchen island. Lutron Maestro dimmer switches have been installed throughout the home, allowing you to customize the ambiance with ease. Both bathrooms have been beautifully updated with all-new fixtures. Floor-to-ceiling windows fill the home with natural light while showcasing spectacular city and skyline views. For added privacy and elegance, the residence features floor-to-ceiling blinds throughout along with custom floor-to-ceiling drapes in the bedrooms, offering the perfect blend of luxury and functionality. Located in the vibrant Edgewater neighborhood, residents enjoy convenient access to an endless array of nearby activities and attractions. Just minutes away are Margaret Pace Park, the Adrienne Arsht Center for the Performing Arts, the Pérez Art Museum Miami (PAMM), the Phillip and Patricia Frost Museum of Science, Museum Park, Kaseya Center, the Miami Design District, Wynwood Walls, Midtown Miami, Brickell, and Bayside Marketplace. Enjoy world-class dining, rooftop lounges, waterfront parks, luxury shopping, boating, museums, art galleries, professional sporting events, and Miami's renowned nightlife. The home is also a short drive from Miami Beach, South Beach, and Miami International Airport. Whether you're looking for a full-time residence, seasonal retreat, or investment opportunity, 488 NE 18th Street #1515 offers an extraordinary combination of luxury upgrades, modern convenience, and one of Miami's most desirable locations. Schedule your private showing today and experience upscale urban living at its finest.
Features
- Built-in Features
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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 $3,250–$12,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
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Depends on assessed value & exemptions
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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.