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Waterfront · Condominium
$4,000,000$1,458 / sqft
788 NE 23rd St # 1402, Miami FL 33137
Listed
4
Bedrooms
5
Bathrooms
2,743 sqft
Interior
2021
Year built
$4,375 / mo
HOA
Condominium
Type
About this home
Income-producing waterfront sky residence leased through February 2027 at Elysee Miami, one of Miami’s most exclusive luxury boutique waterfront towers in prestigious Edgewater. Designed by Arquitectonica with interiors by renowned Parisian designer Jean-Louis Deniot, Elysee offers exceptional privacy and sophistication with only 2 residences per floor. This impeccable 3 Beds + Den / 4.5 Baths residence features breathtaking unobstructed Biscayne Bay and skyline views through floor-to-ceiling glass walls, plus expansive sunrise and sunset terraces ideal for entertaining. Approximately $225,000 in upgrades include motorized shades, custom closets, wine cooler, enclosed den, and assigned storage. Gourmet kitchen with Sub-Zero & Wolf appliances, gas cooktop, and Italkraft cabinetry. Residents enjoy over 30,000 SF of resort-style amenities including waterfront pools, spa, fitness center, yoga studio, sky lounge, private dining room, library, screening room, guest suites, concierge, butler service, valet, robotic parking, EV charging stations, and 24-hour security. Ideally located along Biscayne Bay, Elysee is minutes from the Design District, Wynwood, Brickell, Miami Beach, luxury marinas, fine dining, and world-class shopping. Exceptional turnkey opportunity for international buyers and investors seeking immediate rental income, long-term appreciation, privacy, and Miami luxury waterfront living.
Features
- First Floor Entry
- Closet Cabinetry
- Custom Mirrors
- Elevator
- Entrance Foyer
- Pantry
- Split Bedroom
- Family Room
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 4-bed rentals across Miami-Dade, from 125 active listings; the middle half ask $14,000–$33,000.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.