488 NE 18th St 2112, Miami, FL 33132 — MLS photo

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488 NE 18th St 2112, Miami, FL 33132

Active · Condominium

$2,250,000

488 NE 18th St 2112, Miami, FL 33132

Beds
3
Baths
4
Living area
2,018 sq ft
$ / sq ft
$1,115/sq ft
Year built
2018
Lot size
—
HOA fee
$2,183
Annual tax
—

About this property

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!

Property location

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488 NE 18th St 2112, Miami, FL 33132

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Facts & features

Interior

Bedrooms
3
Bathrooms
4
Living area
2,018 sq ft

Exterior & Structure

Property type
Condominium
Year built
2018

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$2,183
County
Miami-Dade
MLS listing ID
A11972650
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$8,886

Cap rate
0.9%
Net yield
0.9%
Cash-on-cash return
-16.9%
Gross yield
5.2%
Mortgage payment
$10,666/mo
Down payment
$562,500
Loan amount
$1,687,500
Annual NOI
$21,360

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.