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Waterfront · Condominium
$250,000$200 / sqft
18061 Biscayne Blvd # 502, Aventura FL 33160
Listed
2
Bedrooms
2
Bathrooms
1,251 sqft
Interior
1971
Year built
$772 / mo
HOA
Condominium
Type
About this home
no other residence of this size in the building has been remodeled to this level, and while the photos show it, the difference is far more apparent in person. Open, fully equipped kitchen, tile flooring throughout, and a spacious balcony with direct Intracoastal views — some of the best sunsets in the area. Recently renovated building with two pools, a community marina, tennis courts, a new gym, and an on-site convenience store. Walk to shops, groceries, and dining, or hop the free Aventura Express Shuttle. Schedule a showing to see the finishes in person. Video in broker remarks HOA $772. /month Assessment $300/month (Payoff is about $36k)
Features
- First Floor Entry
- Elevator
- East Of Us1
- Barbeque
- Tennis Court(s)
- Bay
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- No Lease-1st Year Owned
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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 $2,300–$5,500.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.