788 NE 23rd St # 3801, Miami FL 33137 | Miami-Dade County | A11987286
- $5,775,000
- Condominium
- 5
- 5.5
- 2
- 3966 Sq Ft
- $5,775,000
Description
Breathtaking 180-degree views of the open bay, Downtown Miami skyline, and the Atlantic Ocean define this exceptional residence at Elysee Miami. A private elevator entry opens directly into 3,966 total square feet of updated living space, offering a refined expression of modern luxury.
This fully remodeled 5-bedroom, 5.5-bath home features bright, expansive interiors, soaring ceilings, and two oversized terraces capturing sunrise and sunset views. The residence is appointed with a full Savant smart home system controlling lighting, audio, climate, and shading, along with Waterworks fixtures and Sub-Zero and Wolf appliances throughout.
The fifth bedroom is currently configured as a den and can be easily converted back to a full bedroom.
Elysee Miami offers boutique living with only two residences per floor and fewer than 100 total homes. Amenities include sunrise and sunset pools, fitness center, spa, yoga studio, children’s playroom, and resident lounge. Full-service building with 24-hour concierge, security, and valet.
Ideally located in Edgewater, minutes from the Design District, Midtown, Wynwood, Downtown, and Miami Beach.
Property Overview
This is a 5-bedroom, 5.5-bath condominium of about 3966 square feet at 788 NE 23rd St # 3801, Miami FL 33137 (Miami 33137), listed at $5,775,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $5,931.
The tax of record is $7,484,576 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $115,500/yr (≈ $9,625/mo); with the homestead exemption on a primary residence, about $114,500/yr (≈ $9,542/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.
Frequently Asked Questions
What is the list price, and what typically conveys with a home like this?
The list price for 788 NE 23rd St # 3801 is $5,775,000. While fixtures and built-in appliances generally convey with the home, the MLS record does not state if the property is furnished; you must confirm which specific items are included.
Separate from the residence, the community provides access to a clubhouse, clubroom, elevators, exercise room, storage, kitchen facilities, a library, pool, trash chute, and vehicle wash area. Contact Christopher Lazaro, Miami Real Estate Professional, to verify these details.
Where exactly is it, and what should I know about the location?
This property is located at 788 NE 23rd St # 3801, Miami FL 33137, situated within the city's coastal corridor. The residence features 5 bedrooms and 5.5 bathrooms across approximately 3,966 square feet and is listed at $5,775,000.
Contact Christopher Lazaro, Miami Real Estate Professional, to verify these location details.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee is $5,931. This payment covers all amenities, building exterior, common area, elevator, insurance, landscaping/lawn maintenance, parking, pool service, reserve fund, security, sewer, trash removal, and water.
The community is subject to city ordinances found at https://library.municode.com/fl/miami/codes/code_of_ordinances. Contact Christopher Lazaro, Miami Real Estate Professional, to verify these details.
What are the property taxes and homestead implications?
The tax of record is $7,484,576 (2025). As an ESTIMATE ONLY, because Florida reassesses at sale, the annual cost at this price and a Miami-Dade rate near 2.0% is about $115,500/yr (≈ $9,625/mo) without homestead, or about $114,500/yr (≈ $9,542/mo) with the homestead exemption on a primary residence.
Florida's homestead exemption lowers taxable value only for a primary residence. Confirm these ESTIMATES with the Miami-Dade Property Appraiser and a tax professional, as they are not quotes. Contact Christopher Lazaro, Miami Real Estate Professional, to verify.
Is the home in a flood zone, and what does that mean?
Flood zones identify areas at risk of flooding, which you can understand through FEMA definitions. Lenders often require flood insurance for properties located in high-risk zones. View the FEMA flood map for this address to see the specific designation for this unit.
Contact Christopher Lazaro, Miami Real Estate Professional, to verify these details.
Are pets allowed?
The MLS record confirms dogs are OK for this unit. If a documented service animal or ESA is involved, separate federal accommodation rules can apply.
Contact Christopher Lazaro, Miami Real Estate Professional, to verify these details.
How is the price set and is there room to negotiate?
Miami-Dade condos have recently been closing at 94% of list, about 64 days on market (MIAMI REALTORS®, May 2026). This data informs the $5,775,000 list price, while specific building and vicinity values are derived from a Comparative Market Analysis.
I provide a Miami-specific CMA to ensure your offer is precise. Contact Christopher Lazaro, Miami Real Estate Professional, to verify these figures.
What financing step do you recommend before touring?
Secure a pre-approval before touring 788 NE 23rd St # 3801 to establish your buying power for this $5,775,000 property. You should speak with a Florida-licensed MLO to confirm your financing terms.
Contact Christopher Lazaro, Miami Real Estate Professional, to verify these details.
Monthly Fees & Carrying Costs
| Association Fee | $6,535 / month |
| Total Monthly Fees | $6,535 / month |
- Membership Required: No
Have a question about this Miami listing?
Talk directly with Christopher Lazaro, your Miami real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: 23rd St
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City: Miami
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State/county: Miami-Dade County
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Zip/Postal Code: 33137
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Area: NANCY TERRACE
Details
Updated on September 16, 2026 at 4:47 am-
Property ID A11987286
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Price $5,775,000
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Property Size 3966 Sq Ft
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Bedrooms 5
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Room 0
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Bathrooms 5.5
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Garages 2
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Year Built 2021
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Type Condominium
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Property Status Active, Residential
Additional details
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View Bay, Skyline, Water View
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Cooling Central Air, Electric
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Heating Central
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Tax Year 2025
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Flooring Tile, Wood
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Unit Floor 38
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Inclusions Other
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Unit Number 3801
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Building The Elysee Condominium
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Frontage Bay
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Garage Spaces 2
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Listing Terms All Cash, Conventional
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Area Nancy Terrace
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Total Stories 57
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Waterfront Yes
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Association Yes
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Full Bathrooms 5
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Half Bathrooms 1
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Covered Spaces 2
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Style Condo 5+ Stories
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Private Pool No
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Structure Type Condo 5+ Stories, Condo
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Association Fee 6535
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Parking 2 Or More Spaces, Other, Valet
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Subdivision NANCY TERRACE
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Annual Tax 7484576
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Year Built Details Resale
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Building Area 3966
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Lot Size (Sq Ft) 0
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Flood Zone AE
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New Construction No
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Attached Yes
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Bedroom Features Primary Bath Shower, Primary Bath Tub, Sitting Area - Primary Bedroom
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Restrictions Exterior Alterations, No Trucks/Rv'S
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Construction CBS Construction, Piling Construction, Slab Construction
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Pets Allowed Yes
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Patio / Porch Patio
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Association Fee Frequency Monthly
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Association Type Condo
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Membership Purchase Required No
Features
- Bar
- Built-in Features
- Closet Cabinetry
- Dishwasher
- Disposal
- Dryer
- East Of Us1
- Electric Water Heater
- Entrance Foyer
- Fire Sprinklers
- First Floor Entry
- Gas Range
- Great Room
- Has a View
- Has Cooling System
- Has Garage
- Has Heating System
- Has Waterfront
- Home Owners Association
- Ice Maker
- Media Room
- Microwave
- Property Attached
- Refrigerator
- Roman Tub
- Self Cleaning Oven
- Storage
- Utility Room/Laundry
- Volume Ceilings
- Walk-In Closet(s)
- Wall Oven
- Washer
Mortgage Calculator
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Loan Amount
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