$495,000

488 18th St #203, Miami, FL 33132

Bedrooms
1
Baths
2
Living area
774 ft²
Price per ft²
$640 / ft²
Type
Condo
Year built
2018
HOA
$873 / mo HOA
On market
66 days on market
MLS #
A12057506

Elegant 1-bedroom, 1.5-bath residence at Aria on the Bay, one of Edgewater's premier full-service luxury towers. This modern unit features tile flooring throughout, a sleek kitchen with stainless steel appliances, in-unit washer and dryer, an open-concept living area, and a private balcony. Residents enjoy resort-style amenities including pools, a state-of-the-art fitness center, spa, theater room, and more, all just steps from Margaret Pace Park and minutes from Wynwood, Midtown, Brickell, and the Design District. Ideal investment opportunity — unit is currently leased through December 18, 2026, offering immediate rental income for the buyer.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $640. The median for recorded sales in the same ZIP codes is $842/ft² — putting it 24% below the median.
  • Position in the area’s price distributionThe asking price is $495,000; the median of recorded sales in the area is $525,000 (1,777 sales). On raw price that is 6% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $873 per month comes to $10,476 a year — 2.1% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33128, 33131, 33132 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$148,500
Term

6.95% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 17, 2026.

Estimated monthly payment$2,294
Loan amount
$346,500
Total interest over the term
$479,214
Total repaid
$825,714

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Metrocoma Realty

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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