488 NE 18 ST 1206, Miami, FL 33132

Parcel: 0132310762980 · Residential · Condominium - Residential · Zoning: 6402

Assessed Value (2025)
$714,932

Property Details

Beds
2
Baths
2.5
Living Sqft
1,079
Year Built
2018
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$100non-market transfer
2020-10-27
BALTIC USA LLC VESUVE LLC
2
$100non-market transfer
2021-12-16
BALTIC USA LLC VESUVE LLC
3
$770,000
2022-02-22
VESUVE LLCLAITH M KHALAF

Tax Assessment History

$714,932
Assessed (2025)
$714,932
Market Value
$714,932
Taxable Value
$14,555
Annual Tax
2024
$719,840
$752,560
2025
$714,932
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $714,932 $714,932 $714,932 $14,555
2024 $719,840 $752,560 $719,840 $14,655

About 488 NE 18 ST 1206, Miami, FL 33132

488 NE 18 ST 1206, Miami, FL 33132 is a 2-bedroom, 2.5-bathroom residential - total value : condominium - residential built in 2018 with 1,079 square feet of living space. The property is currently owned by LAITH M KHALAF, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2022-02-22 for $770,000, when VESUVE LLC sold to LAITH M KHALAF. The property has appreciated $769,900 (769900%) since the prior sale of $100 on 2021-12-16. There are 3 recorded sales for this property.

The 2025 assessed value is $714,932 with a market value of $714,932. The assessed value decreased 1% from $719,840 in 2024. This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain).

Flood insurance is typically required by lenders for properties in this zone. The median household income in this area is $123,892, and the median home value is $566,300. The population density is 62,717 people per square mile.

There are active mortgage liens totaling $565,851 recorded against this property. 488 NE 18 ST 1206, Miami, FL 33132 is located in Miami, Florida. Property records, tax assessments, sales history, and ownership information for this Miami property are sourced from miami_dade County public records.

The complete ownership history of this property spans from 2020 to 2022, with 3 recorded transactions in the public record. The current assessed value represents 93% of the most recent sale price. Based on the most recent sale, this property traded at $714 per square foot — a key metric for comparing value across Miami's real estate market..

Current Owner

LAITH M KHALAF
5992 TRAFALGAR LANE, DUBLIN, OH, 43016
Since: 2026-03-29
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$4,689 — $7,949
Flood $400 — $800
Property/Wind $4,289 — $7,149

Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.

Neighborhood

Median Income$123,892
Median Home Value$566,300
Pop. Density62,717/sq mi

Neighborhood 33132

21.2%
Owner-Occ
78.8%
Investor
432
Flips (4yr)
11,877
New Biz (3yr)
Distress Risk
HIGH
69
View full risk analysis →

Mortgages

ACTIVE 6.5% rate
$588,750
~$565,851 bal.
BRADESCO BANK · 2023-03-22
1 satisfied mortgage
SATISFIED 2022-04-06
$375,000
BRADESCO BAC FLORIDA BANK
Est. Total Balance $565,851
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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