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Waterfront · Condominium
$1,050,000$2,063 / sqft
398 NE 5th St # 2910, Miami FL 33132
Listed
1
Bedrooms
1
Bathrooms
509 sqft
Interior
2022
Year built
$567 / mo
HOA
Condominium
Type
About this home
WELCOME TO THE ELSER HOTEL & RESIDENCES, WHERE LUXURY MEETS LIFESTYLE IN THE HEART OF DOWNTOWN MIAMI. THIS EXCLUSIVE ROW 10 CONDO OFFERS AN UNPARALLELED LIVING EXPERIENCE WITH RESORT-STYLE AMENITIES, BREATHTAKING VIEWS, AND DESIGNER FINISHES THROUGHOUT. STEP INTO A WORLD OF SOPHISTICATION WITH FULLY FURNISHED, TURNKEY RESIDENCES THAT FEATURE MODERN OPEN LAYOUT, FLOOR TO CEILING WINDOWS, SMART HOME TECHNOLOGY AND A PRIVATE BALCONY SHOWCASING PANORAMIC VIEW OF BISCAYNE BAY. WORLD CLASS AMENITIES INCLUDING ROOFTOP INFINITY POOL, CABANAS, FITNESS CENTER, YOGA STUDIO, AND WELLNESS LOUNGE, SPA, CONFERENCE ROOMS, AND CO WORKING SPACES . WHETHER YOU ARE SEEKING A PRIMARY HOME OR AN INCOME - GENERATING PROPERTY THROUGH SHORT TERM RENTAL FLEXIBILITY, THE ELSER OFFERS THE ULTIMATE MIAMI LIFESTYLE.
Features
- Other
- Ocean View
Leasing
- Minimum lease
- Not stated
- Leases permitted per year
- 2
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
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.