All listings
Active
Active1 / 40
Photo 1 of 40
Waterfront · Condominium
$999,999$814 / sqft
488 NE 18th St # 4805, Miami FL 33132
Listed
2
Bedrooms
3
Bathrooms
1,228 sqft
Interior
2018
Year built
$1,254 / mo
HOA
Condominium
Type
About this home
Enjoy expansive open bay views from the 48th floor at Aria on the Bay. This spacious 2-bedroom, 3-bath residence is ideally situated in the heart of Edgewater and offers 1,228 SF of interior living space plus a deep balcony. The unit features 9-foot ceilings with floor-to-ceiling windows, porcelain flooring throughout, custom built-in closets, white quartz countertops, Italian wood cabinetry, and Bosch stainless steel kitchen appliances. Aria on the Bay offers a comprehensive variety of amenities, including multiple pools, a hot tub overlooking Biscayne Bay, a movie theater, fitness center and yoga studio, spa and massage treatment areas, BBQ area with summer kitchen, children’s playroom, and a business center with conference rooms and offices. Conveniently located approximately 10 minutes from South Beach, 12 minutes from Brickell & 15 mins from the airport.
Features
- Cooking Island
- Walk-In Closet(s)
- Open Balcony
- Bay
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- No Daily Rentals
- 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.