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Waterfront · Condominium
$2,250,000$1,115 / sqft
488 NE 18th St # 2112, Miami FL 33132
Listed
3
Bedrooms
4
Bathrooms
2,018 sqft
Interior
2018
Year built
$2,183 / mo
HOA
Condominium
Type
About this home
DIRECT BAYFRONT VIEWS FROM THE BEST LINE in ARIA ON THE BAY! Enjoy unobstructed views of Biscayne Bay and Margaret Pace Park from this spacious 3 bedroom / 4 bath + den home in the sky. Each room features an en-suite bath and access to the wrap around terrace with east and south exposure. Spacious kitchen opens directly to the dining & living area…all with direct water views. Den can be converted to a 4th room. The park at the water’s edge directly in front of this building is the only one of its kind in Edgewater and features tennis courts, sand volleyball, basketball, a dog park, picnic areas and a bayfront walking path. Several cafes, high end restaurants and supermarkets are along a radius of a few blocks. Conveniently located between the 2 main causeways into Miami Beach, less than 2 miles from Downtown, Wynwood & the Design District and just 6 miles from Miami International Airport. Building amenities include sunrise & sunset pools with expansive sun deck, spa with sauna, steam & massage rooms, gym + yoga studio, theater, teen lounge, children’s playroom, business center, social room with TVs & billiards tables, valet parking + 24 hr concierge. Exclusive FOB accessed elevator for this line. ONE OF THE BEST VALUES IN ALL OF MIAMI!
Features
- Interior Hall
- Lobby
- Built-in Features
- Closet Cabinetry
- Elevator
- Split Bedroom
- Stacked Bedroom
- Open Balcony
- Bay
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,000–$12,000.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.