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Waterfront · Condominium
$960,000$827 / sqft
488 NE 18th St # 2011, Miami FL 33132
Listed
2
Bedrooms
3
Bathrooms
1,161 sqft
Interior
2018
Year built
$1,314 / mo
HOA
Condominium
Type
About this home
Waterfront Corner Luxury | Aria on the Bay #2011 | 2 BD + Den / 3 BA Fully turnkey and beautifully furnished, this pristine corner residence at Aria on the Bay offers stunning views of Biscayne Bay, an abundance of natural light, and a tenant already in place at $6,200/mo through 2027 — turnkey income from day one. The spacious layout features 1,161 SQFT of living space with 2 bedrooms, a fully enclosed den, and 3 full bathrooms. Beautifully outfitted in premium Crate & Barrel contemporary furniture, the home boasts a bright open floor plan, sleek porcelain tile flooring throughout, floor-to-ceiling impact glass, Italian cabinetry by Italkraft, premium stainless steel appliances, and a secure private elevator entry foyer. Enjoy an expansive wraparound balcony offering excellent privacy, comfort, and fresh bay breezes. Aria on the Bay is a full-service luxury building with three levels of world-class amenities, including sunrise and sunset pools, a state-of-the-art fitness center, a yoga studio, a spa, and a movie theater. Located right across from Margaret Pace Park, residents enjoy an incredible waterfront lifestyle with tennis courts, beach volleyball, dog parks, and a local weekend farmers market. For an effortless weekday commute, the free water taxi picks up blocks away at the marina, stopping directly on Sunset Harbour for dinner at Pura Vida while completely skipping traffic. Centrally located w/ access to Miami Beach, the Design District, Wynwood, and Downtown.
Features
- Elevator
- Entrance Foyer
- Den/Library/Office
- Open Balcony
- Bay
Leasing
- Minimum lease
- 180 days
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.