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Condominium at 398 NE 5th Street # 2017, Miami FL 33132Active
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Condominium
$1,150,000$1,103 / sqft

398 NE 5th Street # 2017, Miami FL 33132

In The Elser
3
Bedrooms
3
Bathrooms
1,043 sqft
Interior
2022
Year built
None
HOA
Condominium
Type

About this home

Turn-key, fully furnished unit @ The Elser. Located in the heart of Downtown Miami. Enjoy stunning 180-degree views from sunrise to sunset, with Biscayne Bay and vibrant city views as your backdrop. 2 Bedroom + Open Den with 3 full baths. Flexible use allows personal enjoyment, full-time living, or income-producing short-term rentals via hotel program or approved platforms. High-end design features a modern kitchen, washer & dryer, and private balcony. Hotel amenities include a wrap-around bayfront pool & bar, two-story fitness center, spa, business center, valet, concierge, and South Beach beach club service. Steps from Bayside Marketplace, Kaseya Center, Brightline, theraters, Brickell & minutes to Port of Miami & Wynwood. Live, rent, or both—luxury lifestyle and investment in one.

Features

  • Lobby
  • Closet Cabinetry
  • Elevator
  • Skylight
  • Exterior Lights
  • Open Balcony
  • Other
  • Bay
  • Pool
  • Other View
  • Pool Area View
  • Bay View
  • Other Water View

Location

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

Estimated loan & HOA

$5,815

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

Principal & interest
$5,815
HOA
None

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
Keller Williams Legacy

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.