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Waterfront · Condominium
$6,900,000$1,752 / sqft
788 NE 23rd St # 4501, Miami FL 33137
Listed
5
Bedrooms
5
Bathrooms
3,939 sqft
Interior
2021
Year built
$6,667 / mo
HOA
Condominium
Type
About this home
Completed in 2026 and never lived in, this expansive 45th-floor 5-bedroom, 4.5-bathroom residence at Elysee captures spectacular views in every direction, from Biscayne Bay and the Downtown Miami skyline to Miami Beach and the Atlantic Ocean. The flow-through layout spans approximately 4,700 total SF, including 740 SF of deep east and west terraces designed to take in both sunrise and sunset views. A private elevator foyer opens to light-filled interiors framed by 12-foot floor-to-ceiling glass in the great room and four ensuite bedrooms plus a flexible den, office, or media space. The custom Natural Oak kitchen features Dolomite stone, Sub-Zero refrigeration and wine storage, and Wolf gas cooking and ovens. The primary suite offers generous walk-in closets and a spa-like bath with a Dolomite-clad wet room, freestanding tub, and double vanity. Set high above the bay in one of Edgewater’s premier waterfront towers, the residence combines exceptional scale, refined finishes, and sweeping water and city views. Elysee residents enjoy an impressive collection of amenities, including sunrise and sunset pools, a state-of-the-art fitness center, private owner’s lounge, children’s playroom, valet service, and 24-hour concierge.
Features
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Elevator
- Other
- Den/Library/Office
- Open Balcony
- Bay
- Other View
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 5-bed rentals across Miami-Dade, from 27 active listings; the middle half ask $24,500–$49,900.That is what landlords ask, not what units let for — edit it if you know better.
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 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. We are not a lender and neither offer nor arrange financing. 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.