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Buildings/Miami/ARIA ON THE BAY CONDO

Premium

ARIA ON THE BAY CONDO

488 NE 18th St, Miami 33132

★ 4.0

2018

Year Built

652

Units

CI Score

Moderate

For Sale

$935K

Avg Price

$752

Sale $/SF

For Rent

$4,600

Avg Rent

$5.23

Rent $/SF

+1.2%

YoY

For Sale

For Rent

Investor-Owned

85%

Avg HOA

$1,317/mo

Aria on the Bay is a 652-unit premium residential tower located in Miami's desirable Edgewater neighborhood, completed in 2018. The building offers a wide range of unit sizes from studios to 3-bedroom homes, with prices ranging from $520,000 to $2.6M and rental options available. With an investment score of 85.59/100 and strong rental demand averaging $4,496/month, this property appeals to both owner-occupants and investors seeking waterfront lifestyle in a rapidly developing area.

Building Details

Address

488 NE 18th St, Miami, 33132

Neighborhood

Miami

Year Built

2018

Total Units

652

Avg Unit Sqft

1,199 SF

Tier

Premium

Developer

Melo Group

Avg $/SF

$751.87

Avg Rent

$4,600/mo

Rent $/SF

$5.23/SF

HOA Range

$150 – $2,333

Google Rating

4.0 (241 reviews)

Neighborhood Rank

Top 13%

Avg Unit Value

$734K

Total Sales (All-Time)

1,007

Phone

(786) 753-5611

Amenities

Swimming PoolFitness CenterLobbyElevatorsParking Garage24-Hour SecurityConciergeBusiness Center

Investment Analysis

Yield Metrics

Rental Yield (annualized)6.7%

Market Data

Sale Price Trend ($/SF)

$686

-2.4%

Rental Price Trend ($/SF)

$4.64

-1.5%

Building Activity

Days on Market

109

days

Sitting longer

Months of Inventory

15.6

months

Buyer's market

Sale-to-List Ratio

94.7%

Fair negotiation

Price Reductions

100%

of listings

Many price cuts

Closed Sales (120d)

transactions

Active market

Median Rent

$4,600

/month

Sales & Listings

Active Listings

For Sale (6)

$530K

Unit 2302

1 bd2 ba766 sf

$692/SF50 DOM

$535K

Unit 1205

1 bd2 ba710 sf

$754/SF

$550K

Unit 4005

1 bd2 ba743 sf

$740/SF1 DOM

$558K

1 bd2 ba743 sf

$751/SF522 DOM

$599K

Unit 2008

2 bd2 ba888 sf

$675/SF14 DOM

$619K

Unit 4304

1 bd2 ba745 sf

$831/SF

For Rent (6)

$3K

Unit 2004

1 bd2 ba745 sf

$5/SF95 DOM

$3K

Unit 1805

1 bd2 ba

47 DOM

$4K

Unit 505

1 bd2 ba710 sf

$5/SF35 DOM

$4K

Unit 1804

1 bd2 ba745 sf

$5/SF61 DOM

$4K

Unit 907

1 bd2 ba814 sf

$4/SF2 DOM

$4K

Unit 3703

1 bd2 ba759 sf

$5/SF25 DOM

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Jan 27, 2026	$2.3M	$1,139.74	3/4	2,018
Jan 8, 2026	$635K	$611.75	2/3	1,038
Jan 7, 2026	$1.1M	$690.95	3/4	1,592
Dec 29, 2025	$650K	$920.68	1/2	706
Dec 16, 2025	$740K

Units & Ownership

Total Units

652

Avg Sqft

1,199 SF

Avg Assessed

$685K

Owner-Occupied

15%

Tax & Ownership

Investor-Owned

85%

Owner-Occupied

15%

Avg Assessed Value

$685K

Avg Taxable Value

$676K

Effective Year Built

2018

Zoning

6402

Unit Mix

Studio2

Avg 2,397 SF

1 BR301

Avg 828 SF

2 BR212

Avg 1,227 SF

3 BR133

Avg 1,903 SF

Unknown4

Avg 3,599 SF

Unit Directory

Showing 10 of 652 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
202	1	1	794	$471K	—	$534K	$673	Apr 2019
203	1	1	774	$273K	—	$352K	$455	May 2018
204	1	1	706	$331K	✓	$435K	$616	Jun 2018
205	1	1	710	$313K	—	$499K	$703	Jun 2025
206	2	2	1,079	$638K	—	$650K	$602	May 2018
207	1	1	758	$325K	—	$335K	$442	May 2018
208	2	3	1,865	$944K	—	$725K	$389	Jan 2021
209	2	2	1,038	$490K	—	$575K	$554	May 2022
211	2	3	1,205	$536K	—	$665K	$552	Jul 2023
215	3	4	2,018	$1.1M	—	$900K	$446	Oct 2020