788 NE 23rd St # 5501, Miami FL 33137 | Miami-Dade County | A11963315
- $7,695,000
- $7,695,000
Description
Spectacular 180-views of Downtown Miami, open bay, and ocean from this turnkey residence at Elysee Miami. Private elevator entry opens to nearly 4,000 SF of impeccably curated living space with deep terraces and unobstructed panoramic vistas through 10’ floor-to-ceiling glass.
Italian-designed interiors featuring custom Minotti furnishings, Dekton Taj Mahal slab flooring throughout, and LED-lit gallery corridor. The property features a Lutron system, Sonos, and KEF built in speakers.
Eat-in chef’s kitchen with Miele appliances, Calacatta marble slab walls, Italkraft cabinetry, and Dekton countertops. Primary suite with laser-cut walnut wood detailing and custom Ornare dressing room with Kreon lighting.
Family room with Ornare bar (convertible to bedroom 4) and glass-enclosed office.
A rare opportunity for refined bayfront living.
When only the best will do at Elysee
Property Overview
This is a 4-bedroom, 5.5-bath condominium of about 3887 square feet at 788 NE 23rd St # 5501, Miami FL 33137 (Miami 33137), listed at $7,695,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $6,571.
The tax of record is $55,120 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $153,900/yr (≈ $12,825/mo); with the homestead exemption on a primary residence, about $152,900/yr (≈ $12,742/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 is $7,695,000. The home's fixtures and built-in appliances are included. The MLS record does not explicitly state the furnished status, so specific items must be verified.
The property includes a private pool. Community amenities, such as the heated pool, exercise room, and business center, are shared through the HOA. For a precise inventory of what conveys with unit 5501, contact Christopher Lazaro, Miami Real Estate Advisor.
Where exactly is it, and what should I know about the location?
The property is located in the 33137 zip code of Miami, Florida, within a coastal corridor of the city. It is situated in a residential building at 788 NE 23rd Street, unit 5501.
For a detailed discussion of the building's specific location and its immediate surroundings, please contact Christopher Lazaro, Miami Real Estate Advisor, to arrange a private viewing.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee of $6,571 for this unit covers Air Conditioning Maintenance, All Amenities, Building Exterior, Common Area, Internet/WiFi, Manager, Parking, Pest Control Interior, Trash Removal, and Water. Community rules are also subject to city ordinances, which can be reviewed in the municipal code.
For a full breakdown of the financials and governing documents, contact Christopher Lazaro, Miami Real Estate Advisor, to verify all details prior to an offer.
What are the property taxes and homestead implications?
The tax of record is $55,120 for 2025. Florida law requires a reassessment upon sale. As an estimate only, at the list price of $7,695,000 and a current Miami-Dade County rate, annual property taxes could be approximately $153,900 without a homestead exemption, or about $152,900 with the exemption, which lowers the taxable value for a primary residence.
These are preliminary estimates, not quotes. You should confirm all figures with the Miami-Dade Property Appraiser and a qualified tax professional. For precise verification tailored to this property, contact Christopher Lazaro, Miami Real Estate Advisor.
Is the home in a flood zone, and what does that mean?
The property at 788 NE 23rd St # 5501 is located in a FEMA-designated high-risk flood zone, specifically Zone AE. This classification means there is at least a 1% annual chance of flooding, and lenders will mandate flood insurance as a condition of any mortgage.
You can review the official FEMA flood zone definitions and View the FEMA flood map for this address for precise details. For a complete assessment of this factor and its implications, contact Christopher Lazaro, Miami Real Estate Advisor, to verify the specific insurance requirements and costs.
Are pets allowed?
Pets are allowed, with restrictions (or possible restrictions) in this building. We will obtain and review the association's exact current pet rules for this unit at your request.
Separate federal accommodation rules apply for documented service or emotional support animals. Please contact Christopher Lazaro, Miami Real Estate Advisor, to verify the specific policy before proceeding.
How is the price set and is there room to negotiate?
The list price is supported by a Comparative Market Analysis of recent sales in the building and vicinity. Market-wide data provides context: Miami-Dade condos have recently been closing at 94% of list, about 64 days on market (MIAMI REALTORS®, May 2026). This indicates a measured pace where value, not just discount, drives negotiations.
For a precise evaluation of this unit's position against that trend, I can provide a current Miami-specific CMA. To verify the analysis and discuss strategy, contact Christopher Lazaro, Miami Real Estate Advisor.
What financing step do you recommend before touring?
Before touring any property, I recommend securing a formal pre-approval letter. This involves consulting a Florida Licensed Mortgage Loan Originator to confirm your precise budget and demonstrate serious intent to sellers.
For this specific residence at 788 NE 23rd St, listed at $7,695,000, this step is crucial. Please reach out to Christopher Lazaro, Miami Real Estate Advisor, to verify your financial position and coordinate a viewing.
Monthly Fees & Carrying Costs
| Association Fee | $6,571 / month |
| Total Monthly Fees | $6,571 / month |
- Membership Required: No
- Application Fee: $150 (one-time)
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 August 19, 2026 at 5:40 am-
Property ID A11963315
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Price $7,695,000
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Property Size 3887 Sq Ft
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Bedrooms 4
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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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Flooring Marble, Wood
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Bedroom Features Primary Bath Shower, Primary Bath Tub, Sitting Area - Primary Bedroom
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Cooling Central Air
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Association Type Condo
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Building Elysee Miami
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Association Fee Frequency Monthly
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Area Nancy Terrace
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Annual Tax 55120
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Association Yes
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Private Pool Yes
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Listing Terms All Cash, Conventional
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Waterfront Yes
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Full Bathrooms 5
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Subdivision NANCY TERRACE
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Total Stories 57
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Restrictions Other Restrictions
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Parking 2 Or More Spaces, Valet
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Heating Central
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Structure Type Co-Op 5+ Stories, Condo
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Tax Year 2025
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Construction Concrete Block Construction, CBS Construction
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Building Area 4597
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Covered Spaces 2
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Unit Floor 55
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Frontage Bay
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View Bay, Skyline, Water View
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Year Built Details Resale
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Pets Allowed Yes
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Attached Yes
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Unit Number 5501
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Inclusions None
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Half Bathrooms 1
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Flood Zone AE
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Patio / Porch Open Balcony
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New Construction No
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Garage Spaces 2
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Style Co-Op 5+ Stories
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Association Fee 6571
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
Features
- Bar
- Built-in Features
- Closet Cabinetry
- Den/Library/Office
- Dishwasher
- Disposal
- Dryer
- Elevator
- Entrance Foyer
- Family Room
- Fire Sprinklers
- First Floor Entry
- Gas Range
- Great Room
- Has a View
- Has Cooling System
- Has Garage
- Has Heating System
- Has Pool
- Has Waterfront
- Home Owners Association
- Lobby
- Microwave
- Open Balcony
- Other Equipment/Appliances
- Pantry
- Property Attached
- Refrigerator
- Storage
- Trash Compactor
- Walk-In Closet(s)
- Wall Oven
- Washer
- Wet Bar
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
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PMI
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Monthly HOA Fees