488 NE 18th St 2011, Miami, FL 33132 — MLS photo

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488 NE 18th St 2011, Miami, FL 33132

Active · Condominium

$945,000

488 NE 18th St 2011, Miami, FL 33132

Beds
2
Baths
3
Living area
1,161 sq ft
$ / sq ft
$814/sq ft
Year built
2018
Lot size
—
HOA fee
$1,314 Monthly
Annual tax
$12,054

About this property

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.

Property location

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488 NE 18th St 2011, Miami, FL 33132

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Facts & features

Interior

Bedrooms
2
Bathrooms
3
Living area
1,161 sq ft
Flooring
Ceramic Tile
Appliances
Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air
Heating
Central
Interior features
Dual Sinks, Entrance Foyer, Eat In Kitchen, Family Dining Room, Living Dining Room, Other, Elevator
Furnished
Negotiable

Exterior & Structure

Property type
Condominium
Year built
2018
Stories
53
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Security High Impact Doors
Pool
Association
Waterfront
Bayfront
View
Bay

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Garage, One Space, Valet

HOA, Community & Financials

Association fee
$1,314 Monthly
Fee inclusions
Amenities
Amenities
Billiard Room, Clubhouse, Elevators, Fitness Center, Barbecue, Picnic Area, Playground, Pool, Spa Hot Tub, Trash
Security
Door Man, Elevator Secured, Fire Alarm, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$12,054
Subdivision
ARIA ON THE BAY CONDO
County
Miami-Dade
Days on market
153
MLS listing ID
A12024028
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

-$3,129

Cap rate
1.7%
Net yield
1.7%
Cash-on-cash return
-14.2%
Gross yield
6.0%
Mortgage payment
$4,480/mo
Down payment
$236,250
Loan amount
$708,750
Annual NOI
$16,204

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