Aria on the Bay Condos for Sale Edgewater Miami
Aria on the Bay is a stunning 53-story waterfront tower in Miami’s Edgewater neighborhood, developed by Melo Group and designed by Arquitectonica. With 648 luxury residences offering panoramic Biscayne Bay views, resort-style amenities, and a Walk Score of 93, this is one of Miami’s most sought-after addresses for Canadian investors seeking long-term rental income and strong appreciation potential.
Aria on the Bay Condos & Apartments Currently for Sale
About Aria on the Bay — Edgewater Miami
Aria on the Bay is a striking 53-story waterfront tower at 488 NE 18th Street in Edgewater, Miami. Developed by Melo Group and designed by the internationally acclaimed Arquitectonica, this 648-unit luxury residence was completed in 2018 and offers sweeping panoramic views of Biscayne Bay, Miami Beach, and the city skyline. With resort-style amenities, a Walk Score of 93, and direct proximity to Margaret Pace Park, Aria on the Bay is a premier choice for Canadian investors seeking long-term rental income and strong capital appreciation in one of Miami's fastest-growing waterfront neighborhoods.
Investment Highlights
- 53-story bayfront tower with 648 units designed by Arquitectonica
- Prices from $515K (1BR) to $4.6M+ (penthouses) — avg. $817/sq ft
- Average rental income: $3,200–$6,600/month (1BR–2BR units)
- Edgewater appreciation: 30%+ over the past five years
- Walk Score 93, Transit Score 80 — minutes from Downtown, Brickell, Wynwood
Aria on the Bay at a Glance
Aria on the Bay Floor Plans & Unit Types
1 Bedroom Residences
Interior: 710–880 sq ft
Total w/Balcony: 933–1,340 sq ft
Price Range: $515,000–$650,000
Rental Est: $3,200–$4,000/mo
Open layouts with floor-to-ceiling glass and deep balconies. Popular entry point for Canadian investors.
1 Bedroom + Den
Interior: 1,000–1,038 sq ft
Total w/Balcony: 1,160–1,340 sq ft
Price Range: $575,000–$750,000
Rental Est: $3,500–$4,500/mo
Versatile den space works as home office or guest area. Ideal for seasonal Canadian residents.
2 Bedroom Residences
Interior: 1,031–1,306 sq ft
Total w/Balcony: 1,191–1,696 sq ft
Price Range: $700,000–$1,100,000
Rental Est: $3,800–$6,600/mo
Top investor choice. Generous layouts with bay or city views and strong rental demand.
2 Bedroom + Den
Interior: 1,371–1,394 sq ft
Total w/Balcony: 1,696–1,734 sq ft
Price Range: $900,000–$1,200,000
Rental Est: $5,000–$7,500/mo
Spacious family-friendly layouts with premium finishes and expansive bay views.
3 Bedroom + Den
Interior: 1,592–2,365 sq ft
Total w/Balcony: 2,140–3,035 sq ft
Price Range: $1,200,000–$2,600,000
Rental Est: $5,400–$13,500/mo
Luxury residences with wrap-around balconies and panoramic bay-to-skyline views.
Penthouses
Interior: 3,257–9,600+ sq ft
Total: Up to 10,000+ sq ft
Price Range: $2,500,000–$4,599,000
Features: 10–11 ft ceilings, private terraces
Trophy units with unobstructed 360-degree views. Ultimate waterfront living.
Why Canadian Investors Choose Aria on the Bay
Bayfront Luxury at Competitive Prices
Aria on the Bay offers waterfront living starting at $515K — well below comparable towers in Brickell ($675K+ avg) and Miami Beach. At $817/sq ft average, Edgewater delivers premium bay views and resort amenities at a fraction of the price of neighboring luxury corridors.
Strong Appreciation Trajectory
Edgewater property values have surged over 30% in the past five years, with Q3 2025 sales volume jumping 33% year-over-year. As Edgewater matures into a premier waterfront district, early investors benefit from continued price growth and rising rental demand.
Reliable Long-Term Rental Income
With a 6-month minimum lease policy, Aria on the Bay attracts high-quality, long-term tenants — young professionals, corporate relocations, and seasonal residents. Average 2BR rents of $3,800–$6,600/month deliver consistent cash flow without the hassle of short-term rental turnover.
Canadian Tax Advantages
No Florida state income tax maximizes your rental returns. The US-Canada Tax Treaty prevents double taxation through foreign tax credits, and depreciation deductions further reduce your tax burden on rental income.
Cross-Border Financing Available
Canadian banks including RBC, BMO, and TD offer US mortgage programs for Canadian buyers with as little as 20–25% down. Use your Canadian credit history — no US credit required. We connect you with lenders specializing in foreign-national mortgages.
Prime Central Location
Minutes from Downtown Miami, Brickell, Wynwood, and Design District. 15 minutes to Miami Beach. Adjacent to Margaret Pace Park's 8-acre bayfront green space with marina access. Direct flights from Toronto, Montreal, and Vancouver under 4 hours.
3 Proven Aria on the Bay Investment Strategies for Canadians
Strategy 1: Long-Term Rental Income
ROI Potential: 5–7% annual + appreciation
Best For: Hands-off investors seeking stable cash flow
Target Units: 2BR residences ($700K–$1.1M) with bay views
Rental Income: $3,800–$6,600/month average
Why It Works: 6-month minimum lease attracts quality tenants. Low turnover, lower management costs, and consistent income.
Strategy 2: Seasonal / Snowbird + Rental
ROI Potential: 3–5% net + personal use
Best For: Canadian snowbirds wanting winter use + rental income
Approach: Reside Oct–Mar (6-month snowbird season), then lease Apr–Sep to annual tenants
Benefit: Enjoy Miami winters and earn rental income during summer months when demand from local professionals peaks.
Strategy 3: Buy & Hold Appreciation
ROI Potential: 25–35%+ capital gains over 5 years
Best For: Long-term wealth builders
Target Units: Higher-floor bay-view 2BR or 3BR units
Focus: Edgewater's 30%+ five-year appreciation trajectory continues as the neighborhood transforms into Miami's premium waterfront corridor.
Aria on the Bay Rental Policy & Regulations (2025)
Understanding rental rules is critical before purchasing at Aria on the Bay. The building is designed for long-term residential living and investment — not short-term vacation rentals. Here is what Canadian investors need to know:
Rental Restrictions
Minimum Lease Term: 6 months
Maximum Rentals Per Year: 2 lease periods
Airbnb / VRBO: NOT permitted
Daily/Weekly Rentals: NOT permitted
These policies protect property values and ensure a stable residential community — a positive signal for long-term investors focused on quality tenants and consistent appreciation.
Tax & Legal Requirements
FIRPTA Withholding: 15% of gross sale price withheld when foreign nationals sell — learn FIRPTA strategies here
ITIN Required: Apply early (6–10 week processing) for tax filing
Ownership Structure: LLC recommended for liability protection and estate planning
Our legal team and cross-border accountants handle all compliance for Canadian investors.
HOA & Building Policies
HOA Fees: $680–$2,239/month (~$1.05/sq ft)
HOA Includes: Cable TV, high-speed internet, water, trash, sewer, security, all amenities
Pet Policy: Owners only — tenants cannot have pets. DNA registration required ($100/pet)
Parking: Assigned garage parking with valet service
LOOKING FOR AIRBNB-FRIENDLY BUILDINGS? We can recommend Edgewater alternatives with flexible rental policies including Aria Reserve (4 rentals/year), Edge House, and ELLE Residences. Contact us for personalized recommendations.
Buying at Aria on the Bay — Steps for Canadian Investors
Define your budget, investment goals (rental income vs. appreciation vs. snowbird use), and unit preferences. We provide detailed Aria on the Bay market data and CAD/USD currency guidance.
Pre-qualify with Canadian-friendly US lenders (RBC, BMO, TD, HomeAbroad). Typical requirement: 20–30% down payment using Canadian credit history. Read our Canadian mortgage guide.
Browse curated Aria on the Bay listings matching your criteria — unit type, floor level, view direction, and price range. Virtual tours available so you can evaluate units from Canada before visiting Miami.
Review HOA financials, condo association documents, 40-year recertification status, rental policy verification, and building reserves. Critical step for protecting your investment.
Choose ownership structure (LLC vs. personal name). Our cross-border legal partners handle LLC formation, ITIN application, purchase contract, and title review.
Close remotely with digital documentation, remote notarization, escrow management, and courier services. Typical timeline: 30–45 days (cash) to 60 days (financed).
Our property management team handles tenant sourcing, lease preparation, move-in coordination, maintenance, and monthly reporting while you are in Canada.
Aria on the Bay FAQ for Canadian Buyers
Can Canadians get a mortgage to buy at Aria on the Bay?
What are the current prices at Aria on the Bay?
Can I rent my Aria on the Bay condo on Airbnb?
What rental income can I expect?
What are the HOA fees at Aria on the Bay?
What amenities does Aria on the Bay offer?
What is FIRPTA and how does it affect Canadian buyers?
Can I close from Canada without visiting Miami?
Is Edgewater a good neighborhood for investment?
How far is Aria on the Bay from the beach?
Do you provide property management for Canadian owners?
What are the tax implications for Canadian investors at Aria on the Bay?
Living at Aria on the Bay: Edgewater's Waterfront Lifestyle
Biscayne Bay & Margaret Pace Park
Aria on the Bay sits directly across from Margaret Pace Park — an 8-acre bayfront green space with tennis and basketball courts, volleyball, dog parks, a public marina with Biscayne Bay access, and stunning sunset views. It is one of the most desirable waterfront parks in all of Miami.
Culture & Entertainment
Within 10 minutes: Adrienne Arsht Center for the Performing Arts, Pérez Art Museum Miami (PAMM), Frost Museum of Science, Kaseya Center (Miami Heat), and Bayside Marketplace. Wynwood's art galleries and Design District boutiques are an 8–10 minute drive.
Dining & Daily Essentials
Walkable to Publix supermarket, Pura Vida, The Daily Creative Food Co., and dozens of Edgewater restaurants. Midtown Miami shopping and restaurants are a 5-minute drive. Direct access to I-95 and I-195 for easy commuting throughout Miami-Dade County.
Our Miami P&B Investment Services for Aria on the Bay Buyers
Real Estate Services — Edgewater & Aria on the Bay
Expert guidance for Aria on the Bay purchases including unit selection, market analysis, price negotiations, virtual tours for Canadian buyers, and full closing coordination. We know every floor plan and view direction in the building.
Property Management for Canadian Owners
Full-service long-term rental management for your Aria on the Bay investment. We handle tenant placement, lease management, maintenance coordination, rent collection, and monthly financial reporting while you are in Canada.
Property Maintenance & Hurricane Prep
Comprehensive maintenance plans for Edgewater condos including preventive care, appliance servicing, emergency repairs, and hurricane preparation to protect your investment year-round.
Renovation & Unit Upgrades
Licensed renovation services to maximize your Aria on the Bay unit's value — from kitchen and bathroom upgrades to full interior redesigns managed by our experienced team.
Cross-Border Legal Solutions
Specialized legal support for Canadian investors including LLC formation, ITIN applications, purchase contract review, title insurance, and cross-border compliance for Edgewater property purchases.
Cross-Border Accounting & Tax
Expert accounting and tax preparation for Canadian owners of Miami real estate. Annual US tax filing (1040NR), FIRPTA planning, depreciation optimization, and coordination with your Canadian CPA.
Aria on the Bay vs Other Edgewater & Miami Condos for Canadian Investors
| Building | Avg Price | Rent (2BR) | Min Lease | Year Built | Location |
|---|---|---|---|---|---|
| Aria on the Bay | $949K | $3,800–$6,600 | 6 months | 2018 | Edgewater |
| Biscayne Beach | $1.1M | $4,200–$7,800 | 6 months | 2017 | Edgewater |
| Paraiso Bay | $850K | $3,500–$5,500 | 6 months | 2018 | Edgewater |
| Brickell Flatiron | $780K | $3,500–$5,200 | 1 year | 2019 | Brickell |
| Aria Reserve | $1.2M+ | $5,000–$9,000 | 30 days | 2024 | Edgewater |
Aria on the Bay's Unique Advantages for Canadians:
- Competitive pricing at $817/sq ft — below Biscayne Beach and newer Edgewater towers
- Established building (2018) with proven rental track record and stable HOA
- 6-month minimum lease attracts high-quality, long-term tenants
- Adjacent to Margaret Pace Park — 8 acres of bayfront recreation
- Walk Score 93 with exceptional transit access (Score 80)
- 30%+ Edgewater appreciation over five years with continued growth trajectory
Start Your Aria on the Bay Investment Journey Today
Get personalized guidance on Aria on the Bay condos for sale — unit selection, financing options, rental income projections, and cross-border support. We specialize in helping Canadian investors secure premium Edgewater waterfront real estate.