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Active
Waterfront · Condominium
$580,000$1,602 / sqft

398 NE 5 # 4416, Miami FL 33132

In The Elser
0
Bedrooms
1
Bathrooms
362 sqft
Interior
2022
Year built
$500 / mo
HOA
Condominium
Type

About this home

A rare blend where luxury meets investment potential for exceptional ROI in Downtown Miami. Experience modern elegance in this turnkey, fully furnished, high-floor designer studio with cinematic Biscayne Bay and Downtown skyline views. Floor-to-ceiling glass frames a sleek open layout with king bed, sofa bed, full kitchen, washer/dryer, curated finishes, and secure keyless entry. Command resort-caliber amenities: rooftop pool with bar and restaurant, two-story fitness center, jacuzzi, 24/7 concierge, Beach Club access, and valet. Steps to Kaseya Center, Bayside, Brightline, dining, and shopping. Flexible ownership allows for personal enjoyment or lucrative short-term rentals in a high-demand market. Seize this opportunity to own at The Elser.

Features

  • Built-in Features
  • Elevator
  • Entrance Foyer
  • Vaulted Ceiling(s)
  • Open Balcony
  • Bay
  • Intracoastal View
  • Ocean View
  • Water View

Location

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

Estimated loan & HOA

$3,433

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

Principal & interest
$2,933
HOA
$500 / 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
Parsiani Real Estate

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.