Skip to content
All listings
Active
Condominium
$680,000$1,535 / sqft

398 NE 5th St # 2904, Miami FL 33132

In The Elser
1
Bedrooms
1
Bathrooms
443 sqft
Interior
2022
Year built
$494 / mo
HOA
Condominium
Type

About this home

Experience luxury living and exceptional investment potential at The Elser Hotel & Residences in the heart of Downtown Miami. This beautifully furnished residence features floor-to-ceiling impact glass, premium finishes, a fully equipped gourmet kitchen, private balcony, and breathtaking panoramic views of Biscayne Bay and the Miami skyline. With no rental restrictions, owners may enjoy the residence as a primary or secondary home or maximize income through daily, weekly, short-term, or long-term rentals. An optional professionally managed onsite rental program offers seamless ownership and income potential. Residents enjoy world-class amenities including a resort-style bayfront pool deck with private cabanas, two-story fitness center, yoga studio, coworking spaces, owners' lounge, restaurant, café, concierge, valet, and 24-hour security. Ideally located across from Bayfront Park and Bayside Marketplace and just steps from the Kaseya Center, Brightline, PortMiami, Brickell, the Adrienne Arsht Center, world-class dining, shopping, and entertainment. A rare opportunity to own a flexible luxury residence in one of Miami's most sought-after waterfront destinations.

Features

  • Fire Sprinklers
  • Other
  • Walk-In Closet(s)
  • 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

$3,932

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

Principal & interest
$3,438
HOA
$494 / 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
Keller Williams Eagle Realty

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.