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Active
Waterfront · Condominium
$990,000$1,945 / sqft

398 NE 5th St # 3010, Miami FL 33132

In The Elser
1
Bedrooms
1
Bathrooms
509 sqft
Interior
2022
Year built
$567 / mo
HOA
Condominium
Type

About this home

Welcome to THE ELSER Residences, where a rare and captivating direct water view one-bedroom residence awaits. This remarkable unit is thoughtfully delivered completely turn-key. The owners need only their personal belongings. The luxurious features of this stunning abode, include 9+ foot ceilings, quartz countertops, and elegant porcelain wood-grain tile flooring. The kitchen is adorned with sophisticated Italkraft cabinets, and fully built-out closets provide ample storage for all your needs. Pamper yourself in the modern bathrooms featuring frameless glass showers, and experience the convenience of keyless entry. Embrace the panoramic vistas, the top-notch amenities, and the vibrant spirit of Downtown Miami that awaits you in this extraordinary residence.

Features

  • First Floor Entry
  • Water View

Location

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

Estimated loan & HOA

$5,573

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

Principal & interest
$5,006
HOA
$567 / 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
EXP Realty LLC

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.