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Waterfront · Condominium
$1,450,000$1,278 / sqft
398 NE 5th St # 3318, Miami FL 33132
Listed
3
Bedrooms
3
Bathrooms
1,135 sqft
Interior
2022
Year built
$1,800 / mo
HOA
Condominium
Type
About this home
Fully furnished, short term rental friendly luxury condo. The residence offers a spacious wrap around balcony overlooking downtown and the waterfront. Enjoy floor to ceiling impact glass, and a modern open concept layout. This condo is designed for both personal use and income potential. Turnkey interior allows for immediate occupancy or rental. Building amenities include a waterfront pool deck with private cabanas, fitness center with classes, co-working spaces, lounges, and cafes. 24/7 valet and concierge, on-site dining and cocktail bar and direct access to Biscayne Bay entertainment district. Minutes from Kaseya Center, Port of Miami, Bayside Marketplace, beaches and much more.
Features
- Elevator
- Walk-In Closet(s)
- Courtyard
- Open Balcony
- Bay
- Skyline
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- 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
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,250–$12,000.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.