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Buildings/Miami/ARIA ON THE BAY CONDO

Luxury

ARIA ON THE BAY CONDO

488 NE 18th St, Miami 33132

★ 4.0

2018

Year Built

652

Units

CI Score

Strong

For Sale

$894K

Avg Price

$815

Sale $/SF

For Rent

$4,800

Avg Rent

$5.26

Rent $/SF

+1.1%

YoY

For Sale

For Rent

Investor-Owned

85%

Avg HOA

$932/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

Luxury

Avg $/SF

$815.02

Avg Rent

$4,800/mo

Rent $/SF

$5.26/SF

HOA Range

$771 – $2,333

Google Rating

4.0 (241 reviews)

Neighborhood Rank

Top 13%

Avg Unit Value

$734K

Total Sales (All-Time)

1,147

Phone

(786) 753-5611

Amenities

Swimming PoolFitness CenterLobbyElevatorsParking Garage24-Hour SecurityConciergeBusiness Center

Investment Analysis

Yield Metrics

Rental Yield (annualized)6.3%

Market Data

Sale Price Trend ($/SF)

$895

+30.0%

Rental Price Trend ($/SF)

$4.66

+0.2%

Building Activity

Days on Market

days

Normal pace

Months of Inventory

23.3

months

Buyer's market

Sale-to-List Ratio

95.7%

Fair negotiation

Price Reductions

100%

of listings

Many price cuts

Closed Sales (120d)

transactions

Moderate activity

Median Rent

$4,800

/month

Sales & Listings

Active Listings

For Sale (6)

$505K

Unit 1503

1 bd2 ba759 sf

$665/SF70 DOM

$520K

Unit 1805

1 bd2 ba743 sf

$700/SF4 DOM

$535K

Unit 2302

1 bd2 ba766 sf

$698/SF15 DOM

$550K

Unit 4605

1 bd2 ba743 sf

$740/SF3 DOM

$568K

1 bd2 ba743 sf

$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

36 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

$4K

Unit 1604

1 bd2 ba745 sf

$5/SF2 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

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ARIA ON THE BAY CONDO

Building Details

Investment Analysis

Yield Metrics

Liquidity & Demand

Market Data

Sales & Listings

Units & Ownership

Photos

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