398 NE 5th St # 1407, Miami FL 33132
About this home
Luxury Living in the Heart of Downtown Miami. Experience the pinnacle of urban living in this stunning, fully furnished studio located at The Elser Hotel & Residences. Boasting breathtaking, unobstructed views of Biscayne Bay and the Miami skyline, this turnkey residence offers a seamless blend of comfort and style. Enjoy world-class, resort-style amenities, including a massive sun deck with a shimmering pool, an outdoor theater, a state-of-the-art fitness center, and 24/7 concierge services. Perfectly positioned across from Bayfront Park and steps away from the Kaseya center, luxury dining, and vibrant nightlife. Move-in ready or perfect as a high-end short-term rental investment.
Features
- Lobby
- Fire Sprinklers
- Other
- Walk-In Closet(s)
- Open Balcony
- Ocean View
- Skyline
- Water View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $4,020
- HOA
- $494 / 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.
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.
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.