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Condominium
$599,999$1,357 / sqft
Miami, FL, 33132
Listed
1
Bedrooms
1
Bathrooms
442 sqft
Interior
2022
Year built
$680 / mo
HOA
Condominium
Type
About this home
Turnkey bay-view residence at The Elser, in the heart of Downtown Miami. 33rd-floor Residence 3305 offers sweeping Biscayne Bay and Miami skyline views from its private balcony, along with the flexibility of The Elser’s professionally managed hotel rental program. Enjoy your residence when in Miami and rent it when away—an ideal income-producing opportunity for out-of-town and international buyers. Steps from Bayside, Miami Worldcenter, Kaseya Center and the waterfront, this fully furnished 494 SF studio with an additional 41 SF balcony offers the full Elser experience, including a 132-foot rooftop pool, fitness center, concierge and on-site restaurant. Showings are by appointment only and should be scheduled in advance, as the residence is actively offered for short-term rental and may be occupied.
Features
- Built-in Features
- Closet Cabinetry
- Elevator
- Walk-In Closet(s)
- Open Balcony
- Bay
- Skyline
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
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.
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.