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Waterfront · Condominium
$1,450,000$1,278 / sqft

398 NE 5th St # 3318, Miami FL 33132

In The Elser
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

Location

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

Estimated loan & HOA

$9,132

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

Principal & interest
$7,332
HOA
$1,800 / 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.

Courtesy of
United Realty Group Inc

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.