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Waterfront · Condominium
$1,300,000$1,605 / sqft
398 NE 5th St # 1911, Miami FL 33132
Listed
2
Bedrooms
2
Bathrooms
810 sqft
Interior
2022
Year built
$1,342 / mo
HOA
Condominium
Type
About this home
Experience elevated waterfront living at The Elser Miami, ideally located in the heart of Downtown Miami. Residence 1911 is a stunning 2-bed, 2-bath corner unit offering breathtaking panoramic views of Biscayne Bay and the Miami skyline through expansive floor-to-ceiling windows. Fully furnished and beautifully designed, this turnkey residence features a bright, open-concept layout, contemporary finishes, and a sleek modern kitchen with custom cabinetry, quartz countertops, and stainless-steel appliances. The corner position provides exceptional natural light and sweeping water and city views, creating an inviting atmosphere for both relaxing and entertaining. The Elser offers a unique opportunity for owners looking for both luxury living and income potential, with short-term rentals permitted according to condominium regulations and a professionally managed rental program available. The residence can be enjoyed as a private Miami retreat or utilized as a flexible investment property. Residents enjoy an impressive collection of resort-style amenities, including a spectacular pool deck, fitness center, private lounges, outdoor theater, bar and restaurant terrace, concierge services, and valet parking. Located in the heart of Downtown Miami, The Elser places you minutes from Bayside Marketplace, Bayfront Park, Kaseya Center, Brickell, Wynwood, Miami Worldcenter, world-class dining, shopping, entertainment, and Miami International Airport.
Features
- Built-in Features
- Closet Cabinetry
- Elevator
- Split Bedroom
- Walk-In Closet(s)
- Ocean View
- Skyline
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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,350–$5,000.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.