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Waterfront · Condominium
$1,379,000$1,215 / sqft

398 NE 5th St # 3618, Miami FL 33132

In The Elser
3
Bedrooms
3
Bathrooms
1,135 sqft
Interior
2022
Year built
$1,746 / mo
HOA
Condominium
Type

About this home

Experience elevated living at The Elser Residences in this beautifully appointed 3-bed, 3-bath residence. Thoughtfully designed with breathtaking Biscayne Bay and Downtown Miami views, this home features 9’2” ceilings, floor-to-ceiling impact windows, smart keyless entry, and an Ecobee smart thermostat for ultimate comfort. The open layout blends modern style with everyday functionality. Residents enjoy a collection of curated amenities, a vibrant lifestyle, and unmatched access to Miami’s top dining, entertainment, and cultural destinations. A rare opportunity to own a sophisticated, turn-key home in one of Miami’s most desirable buildings.

Features

  • First Floor Entry
  • East Of Us1
  • Open Balcony
  • Bay

Location

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

Estimated loan & HOA

$8,719

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

Principal & interest
$6,973
HOA
$1,746 / 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
Finanz Butik Realty

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.