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Waterfront · Condominium
$19,999,999$1,411 / sqft
788 NE 23rd St # 5701, Miami FL 33137
Listed
0
Bedrooms
14,179 sqft
Interior
2021
Year built
$25,946 / mo
HOA
Condominium
Type
About this home
First time offered to the public. Perched atop the prestigious Elysee Miami, this extraordinary 14,179-sqft penthouse presents a rare opportunity to create a truly one-of-a-kind residence within one of Miami's most exclusive boutique waterfront buildings. With only 94 residences, Elysee offers an unparalleled level of privacy, personalized service, and sophistication rarely found among Miami's luxury high-rises. Delivered as an open canvas, the penthouse comes with thoughtfully prepared architectural designs envisioning an exceptional lifestyle, including a spectacular private rooftop retreat with an infinity-edge pool, spa, sauna, fitness studio, expansive primary suite, and four breathtaking terraces totalling 20,662 sqft. Encompassing an impressive 14,179 sqft and complemented by two private storage units, this exceptional residence offers an unparalleled canvas to design and personalize every detail, creating a truly bespoke home tailored to your vision. Framed by sweeping panoramic views of Biscayne Bay, the Atlantic Ocean, and the glittering Miami skyline, every space is designed to maximize natural light and showcase the breathtaking scenery. Whether you choose to bring the existing vision to life or create your own architectural masterpiece, this residence offers the ultimate opportunity to craft a legacy home in one of Miami's most coveted addresses, where boutique luxury, world-class amenities, and timeless design come together seamlessly. **RENDERINGS**
Features
- First Floor Entry
- Elevator
- Open Balcony
- Bay
- Pool Area View
- Skyline
- Water View
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 studio rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,000.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.