Skip to content
All listings
Active
Condominium
$620,000$1,442 / sqft

398 NE 5th St # 2602, Miami FL 33132

In The Elser
0
Bedrooms
1
Bathrooms
430 sqft
Interior
2022
Year built
$661 / mo
HOA
Condominium
Type

About this home

Experience modern luxury in the heart of Downtown Miami at The Elser Hotel & Residences. This fully furnished 26th-floor studio offers breathtaking Miami skyline and Biscayne Bay views, 9-ft ceilings, floor-to-ceiling windows, porcelain tile flooring, and a private balcony. Features include a full kitchen, in-unit washer/dryer, smart keyless entry, and smart thermostat. Enjoy resort-style amenities with a 132-ft rooftop pool, fitness center, sky lounge, business center, and concierge services. Prime location near Bayside, Kaseya Center, Metromover, dining, and entertainment. Investor-friendly building with short-term rentals/Airbnb allowed.

Features

  • Built-in Features
  • Open Balcony
  • Ocean View
  • Skyline
  • Water View

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$3,796

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$3,135
HOA
$661 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
COSMORE Florida Corp.

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management

Cap rate
Cash-on-cash
Monthly cash flow
Net operating income

Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.

Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.

Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.