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Condominium
$860,000$1,536 / sqft
Miami, FL, 33132
Listed
1
Bedrooms
1
Bathrooms
560 sqft
Interior
2022
Year built
$862 / mo
HOA
Condominium
Type
About this home
Experience elevated downtown living in Unit 4115, a high-floor 1-bedroom, 1-bath ADA compliant residence at The Elser Hotel & Residences, showcasing breathtaking direct bay views and a front-row vantage point to Miami’s future skyline, including the iconic Waldorf Astoria Miami, poised to become the tallest building east of New York City. This rare, flexible-use condo is perfectly suited as a primary residence, luxury second home, or high-performing income asset, with the building’s short-term-rental–friendly policy offering attractive revenue potential and owner flexibility. Thoughtfully designed for modern urban living, the unit combines comfort, accessibility, and strong long-term investment appeal in one turnkey offering. Residents and guests enjoy resort-style amenities and hotel-style services in a premier downtown location, just moments from the waterfront, Miami Worldcenter, world-class dining, entertainment, and cultural venues. Whether you’re seeking an elevated lifestyle base, a lock-and-leave second home, or a strategic foothold in one of Miami’s fastest-growing districts, Unit 4115 delivers exceptional value, versatility, and future upside.
Features
- Fire Sprinklers
- Other
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Bay
- Other View
- Skyline
Leasing
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.