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Waterfront · Condominium
$521,000$1,528 / sqft

398 NE 5th St # 4712, Miami FL 33132

In The Elser
0
Bedrooms
1
Bathrooms
341 sqft
Interior
2022
Year built
$440 / mo
HOA
Condominium
Type

About this home

Experience elevated luxury living at The Elser Hotel & Residences in Downtown Miami with this stunning high-floor studio on the 47th level, offering breathtaking panoramic views of the Miami skyline and Biscayne Bay. This fully furnished residence features high ceilings, floor-to-ceiling windows, and designer finishes throughout, creating a modern and sophisticated living experience. The sleek kitchen is equipped with premium cabinetry and top-of-the-line appliances, ideal for both everyday living and short-term rental income. Residents enjoy world-class amenities including resort-style pool, fitness center, concierge services, and an exclusive on-site Michelin-starred dining experience. Located in the heart of Downtown Miami, just minutes from Brickell City Centre, Bayside Marketplace, museums, parks, and major highways. Only a short drive to South Beach and Key Biscayne. Ideal for investors, this property allows daily rentals, making it a prime opportunity for Airbnb or short-term income in one of Miami’s fastest-growing luxury markets.

Features

  • First Floor Entry
  • Barbeque
  • Bay
  • Intracoastal View
  • Water View

Location

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

Estimated loan & HOA

$3,074

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

Principal & interest
$2,634
HOA
$440 / 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
Miami Masterpiece

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.