788 NE 23rd St 1402, Miami, FL 33137 — MLS photo

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788 NE 23rd St 1402, Miami, FL 33137

Active · Condominium

$4,000,000

788 NE 23rd St 1402, Miami, FL 33137

Beds
4
Baths
5
Living area
2,743 sq ft
$ / sq ft
$1,458/sq ft
Year built
2021
Lot size
—
HOA fee
$4,375
Annual tax
—

About this property

Income-producing waterfront sky residence leased through February 2027 at Elysee Miami, one of Miami’s most exclusive luxury boutique waterfront towers in prestigious Edgewater. Designed by Arquitectonica with interiors by renowned Parisian designer Jean-Louis Deniot, Elysee offers exceptional privacy and sophistication with only 2 residences per floor. This impeccable 3 Beds + Den / 4.5 Baths residence features breathtaking unobstructed Biscayne Bay and skyline views through floor-to-ceiling glass walls, plus expansive sunrise and sunset terraces ideal for entertaining. Approximately $225,000 in upgrades include motorized shades, custom closets, wine cooler, enclosed den, and assigned storage. Gourmet kitchen with Sub-Zero & Wolf appliances, gas cooktop, and Italkraft cabinetry. Residents enjoy over 30,000 SF of resort-style amenities including waterfront pools, spa, fitness center, yoga studio, sky lounge, private dining room, library, screening room, guest suites, concierge, butler service, valet, robotic parking, EV charging stations, and 24-hour security. Ideally located along Biscayne Bay, Elysee is minutes from the Design District, Wynwood, Brickell, Miami Beach, luxury marinas, fine dining, and world-class shopping. Exceptional turnkey opportunity for international buyers and investors seeking immediate rental income, long-term appreciation, privacy, and Miami luxury waterfront living.

Property location

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788 NE 23rd St 1402, Miami, FL 33137

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Facts & features

Interior

Bedrooms
4
Bathrooms
5
Living area
2,743 sq ft

Exterior & Structure

Property type
Condominium
Year built
2021

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$4,375
County
Miami-Dade
MLS listing ID
A11996774
Listing status
Active

Investment intelligence

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

-$17,660

Cap rate
0.4%
Net yield
0.4%
Cash-on-cash return
-18.9%
Gross yield
4.8%
Mortgage payment
$18,962/mo
Down payment
$1,000,000
Loan amount
$3,000,000
Annual NOI
$15,620

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