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Pending
Waterfront · Condominium
$550,000$740 / sqft

488 NE 18th St # 4005, Miami FL 33132

1
Bedrooms
2
Bathrooms
743 sqft
Interior
2018
Year built
$800 / mo
HOA
Condominium
Type

About this home

Exceptional high-floor 1-bedroom, 1.5-bath residence located on the 40th floor of Aria on the Bay, offering unmatched sunset vistas, glowing twilight skyline views, and partial bay exposure in the heart of Edgewater. Floor-to-ceiling glass windows fill the residence with natural light while showcasing expansive city and water views that create a true luxury skyline experience. Built in 2018 with modern CBS construction, this residence features contemporary finishes, premium appliances including refrigerator, range, oven, microwave, dishwasher, washer, and dryer, plus an elegant open-concept primary bath design. A rare advantage for this 1-bedroom layout is the inclusion of 2 assigned covered parking spaces, a highly valuable feature in the building. Perfectly positioned directly across from Margaret Pace Park, residents enjoy the ideal balance of waterfront serenity and vibrant urban living just minutes from Wynwood, Design District, Downtown Miami, and Brickell. Full access to resort-style amenities includes sunrise and sunset pools, state-of-the-art fitness center, yoga studio, spa, social room, screening room, game room, library, and 24/7 concierge and security. Excellent opportunity for both end users and investors, with tenant in place through April 2027 providing immediate income potential. All dimensions/features are approximate. Buyer & buyer agent to verify. Broker/owner make no warranties.

Features

  • Interior Hall
  • Lobby
  • First Floor Entry
  • Built-in Features
  • Closet Cabinetry
  • Elevator
  • Fire Sprinklers
  • Entrance Foyer
  • Walk-In Closet(s)
  • Open Balcony
  • Bay
  • Skyline
  • Water View

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$3,581

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$2,781
HOA
$800 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
Parsiani Real Estate

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

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 rent, 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. 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.