488 NE 18 ST 715, Miami, FL 33132

Parcel: 0132310766000 · Residential · Condominium - Residential · Zoning: 6402

Assessed Value (2025)
$1,202,700

Property Details

Beds
3
Baths
4
Living Sqft
2,018
Year Built
2018
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$1,445,000
2018-07-30
BAYSHORE PLAZA I LLCWALTER CRISTIAN FORWOOD TRS
2
$1,760,000+22%
2022-05-18
WALTER CRISTIAN FORWOOD TRSJUAN CUMBE TRS
3
$1,760,000
2022-06-07

Tax Assessment History

$1,202,700
Assessed (2025)
$1,202,700
Market Value
$1,202,700
Taxable Value
$24,486
Annual Tax
2024
$1,426,005
2025
$1,202,700
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $1,202,700 $1,202,700 $1,202,700 $24,486
2024 $1,426,005 $1,426,005 $1,426,005 $29,032

About 488 NE 18 ST 715, Miami, FL 33132

488 NE 18 ST 715, Miami, FL 33132 is a 3-bedroom, 4-bathroom residential - total value : condominium - residential built in 2018 with 2,018 square feet of living space. The property is currently owned by JUAN CUMBE TRS C/O PS BUSINESS MGMT LLC, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2022-06-07 for $1,760,000. There are 3 recorded sales for this property. The 2025 assessed value is $1,202,700 with a market value of $1,202,700.

The assessed value decreased 16% from $1,426,005 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. 488 NE 18 ST 715, 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 2018 to 2022, with 3 recorded transactions in the public record. The current assessed value represents 68% of the most recent sale price.

This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $872 per square foot — a key metric for comparing value across Miami's real estate market..

Current Owner

JUAN CUMBE TRS C/O PS BUSINESS MGMT LLC
235 PARK AVE SOUTH 9TH FL, NEW YORK, NY, 10003
Since: 2026-04-19
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Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$7,616 — $12,827
Flood $400 — $800
Property/Wind $7,216 — $12,027

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
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