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Waterfront · Condominium
$930,000$1,486 / sqft

398 NE 5th St # 2119, Miami FL 33132

In The Elser
1
Bedrooms
1
Bathrooms
626 sqft
Interior
2022
Year built
$963 / mo
HOA
Condominium
Type

About this home

Beautifully furnished 1-bedroom at The Elser, located on the 21st floor with expansive urban views of Downtown Miami. Ideal for investors or end-users, this unit allows short-term rentals, long-term leases, or full-time living. Modern finishes include porcelain floors, premium appliances, in-unit washer/dryer, and smart keyless entry. The building offers resort-style amenities: a 132-ft pool, state-of-the-art fitness center, co-working spaces, and 24/7 concierge. Located steps from Miami’s top dining, entertainment, and cultural destinations. Virtual tour available. Easy to show. Directly across from Bayside Marketplace and Kaseya Center, and within walking distance to the future Miami Worldcenter, Brightline Station, and Bayfront Park. The Elser is at the epicenter of growth and tourism.

Features

  • Interior Hall
  • Closet Cabinetry
  • Elevator
  • Walk-In Closet(s)
  • Open Balcony
  • Skyline

Location

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

Estimated loan & HOA

$5,666

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

Principal & interest
$4,703
HOA
$963 / 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.