Cays Realty
398 NE 5th St 2319, Miami, FL 33132 — MLS photo

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398 NE 5th St 2319, Miami, FL 33132

Active · Condominium

$685,000

398 NE 5th St 2319, Miami, FL 33132

Beds
1
Baths
1
Living area
626 sq ft
$ / sq ft
$1,094/sq ft
Year built
2022
Lot size
—
HOA fee
$770 Monthly
Annual tax
$12,999

About this property

PRICE REDUCTION! Sleek furnished 1BD/1BA at The Elser on the 23rd floor, showcasing wide downtown views. Flexible use — full-time living, long-term leasing, or short-term rentals allowed. Modern interior with premium appliances, in-unit washer/dryer, and smart entry. Resort-style amenities include pool deck, top-tier fitness center, co-working areas, and 24/7 concierge. Positioned in the heart of Downtown Miami, steps from dining, entertainment, and cultural landmarks. Directly across from Bayside Marketplace and the Kaseya Center, and moments from Miami Worldcenter, Brightline, Bayfront Park, and Port of Miami.

Property location

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398 NE 5th St 2319, Miami, FL 33132

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
626 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, First Floor Entry, Elevator, Bar

Exterior & Structure

Property type
Condominium
Year built
2022
Stories
47
Architectural style
High Rise
Construction
Block
Exterior features
Balcony, Security High Impact Doors
Pool
Association, Heated
View
City, Other

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Other

HOA, Community & Financials

Association fee
$770 Monthly
Fee inclusions
Amenities, Common Areas, Cable Tv, Maintenance Structure, Pools, Sewer, Trash
Amenities
Billiard Room, Business Center, Clubhouse, Fitness Center, Playground, Pool, Sauna, Spa Hot Tub, Trash, Elevators
Security
Elevator Secured, Secured Garage Parking, Key Card Entry, Security Guard, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$12,999
Subdivision
MAP OF MIAMI DADE CO. FL.
County
Miami-Dade
Days on market
253
MLS listing ID
A11922752
Listing status
Active

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Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$2,790

Cap rate
0.8%
Net yield
0.8%
Cash-on-cash return
-17.5%
Gross yield
5.3%
Mortgage payment
$3,247/mo
Down payment
$171,250
Loan amount
$513,750
Annual NOI
$5,485

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.