Read the full record 4 paragraphs and 18 facts, every figure from the MLS and county record
Aria on the Bay is a 53-story tower at 488 NE 18th St in Downtown, completed in 2018. The Miami-Dade Property Appraiser lists 648 residential units plus four commercial units, averaging 1,184 SF of living area. The Melo Group developed it; the architect is Arquitectonica. Interiors are by ArquitectonicaINTERIORS. The condo archive records it as waterfront (no / across water). Only two Downtown buildings in the atlas have more recorded units.
On November 2, 2026, 26 units were listed for sale, asking $450K to $2.3M (median ask $751/SF across 26 listings). Six more were under contract. 31 sales closed between November 2, 2025 and November 2, 2026, from $483K to $2.6M, a median $684/SF, after a median 78 days on the market. In the 12 months before that, 25 sales closed at a median $731/SF, so the median fell 6%. The MLS holds 273 closed sales here going back to 2019; among years with three or more sales, 2024 set the high at a median $707/SF. That 12-month median ranks 14th of the 47 Downtown buildings with at least three sales in the same window. One-bedrooms made up 23 of the 56 sales in the last 24 months, at a median $535,000.
13 units were offered for rent at $3,350 to $10,000 a month. 119 leases were signed over the same 12 months, at a median $4,200 a month (range $3,100 to $35,000). Leases outnumbered sales 4 to 1 over that year, so renters are a large share of who lives here.
About 56% of the residences are owner-occupied according to county records. Association rules on file: pets yes (owners only); no short-term rentals; minimum lease 6 months; up to two leases a year. The association is managed by First Service Residential. I have four of its association documents on file, including the Rules & Regulations and the Lease Application.
Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records and my condo archive. Blanks mean the record doesn't state it; nothing here is estimated.
The record
- Address
- 488 NE 18th St, Miami 33132
- Neighborhood
- Downtown
- Developer
- The Melo Group
- Architect
- Arquitectonica
- Interior design
- ArquitectonicaINTERIORS
- Management
- First Service Residential
- Front desk / mgmt
- (786) 753-5612
- Year built
- 2018
- Floors
- 53
- Residences (county-verified)
- 648
- Commercial units
- 4
- Owner-occupied
- 56% of residences
- Avg. unit size
- 1,184 sq ft
- Total living area
- 767,334 sq ft
- County condo folios
- 652
- Waterfront
- No / Across Water
- Recorded MLS listings
- 1,176
- Also recorded as
- 488 18th St