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Active
Condominium
$649,900$1,906 / sqft

398 NE 5th St # 4512, Miami FL 33132

In The Elser
0
Bedrooms
1
Bathrooms
341 sqft
Interior
2022
Year built
$445 / mo
HOA
Condominium
Type

About this home

Motivated Seller!!! Live Above It All in the Heart of Miami! Step into luxury with this fully furnished Studio, 1 bathroom residence, perfectly positioned in the best line of the building. Enjoy breathtaking 360° views of Biscayne Bay from every angle sunrises, sunsets, and the sparkling city skyline are all yours. This unit delivers more than just a home it’s a lifestyle. Relax by the wrap-around resort-style pool, push your limits in the two-story fitness center, and host unforgettable evenings in the sky lounge with sweeping panoramic views. With 24/7 concierge service and valet parking, your comfort and convenience come first. Located in vibrant Downtown Miami, you're just steps from world-class dining, culture, and entertainment. Turnkey, stylish, and unmatched your next chapter starts here.

Features

  • Lobby
  • Fire Sprinklers
  • Walk-In Closet(s)
  • Barbeque
  • Open Balcony
  • Bay
  • Skyline
  • Water View

Location

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

Estimated loan & HOA

$3,731

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

Principal & interest
$3,286
HOA
$445 / 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
EXP Realty LLC

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.