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Waterfront · Condominium
$1,449,000$1,771 / sqft
398 NE 5th St # 1811, Miami FL 33132
Listed
2
Bedrooms
2
Bathrooms
818 sqft
Interior
2022
Year built
$1,342 / mo
HOA
Condominium
Type
About this home
Experience elevated living at The Elser Residences in this beautifully appointed 2-bed, 2-bath residence. Thoughtfully designed with breathtaking Biscayne Bay and Downtown Miami views, this home features 9’2” ceilings, floor-to-ceiling impact windows, smart keyless entry, and an Ecobee smart thermostat for ultimate comfort. The open layout blends modern style with everyday functionality. Residents enjoy a collection of curated amenities, a vibrant lifestyle, and unmatched access to Miami’s top dining, entertainment, and cultural destinations. A rare opportunity to own a sophisticated, turn-key home in one of Miami’s most desirable buildings.
Features
- Lobby
- First Floor Entry
- Elevator
- East Of Us1
- Open Balcony
- Bay
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- Daily Rentals Allowed
- Ok To Lease
- Okay To Lease 1st Year
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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,350–$5,000.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.