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Waterfront · Condominium
$619,900$1,107 / sqft
398 NE 5TH Street # 1515, Miami FL 33132
Listed
1
Bedrooms
1
Bathrooms
560 sqft
Interior
2022
Year built
$861 / mo
HOA
Condominium
Type
About this home
Beautiful Biscayne Bay views and the soaring Skyviews Observation Wheel create a stunning backdrop for this modern one-bedroom suite. Spacious and light-filled, the suite features a large king bedroom, a separate living area, expansive floor-to-ceiling windows, and a private step-out balcony overlooking the bay. The fully equipped kitchen offers modern appliances for a seamless gourmet experience, while the spa-like bathroom features high-end bath amenities. Luxury bedding provides a comfortable oasis for a restful night's sleep. Designed with a contemporary coastal palette and curated residential details, this sophisticated suite offers effortless comfort in a prime Miami setting.
Features
- Built-in Features
- Closet Cabinetry
- Other
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Bay
- Ocean
- Water
- Bay View
- Direct Ocean
- Ocean 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 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,750.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.