Home » Miami » The Elser Miami at 398 5th St Miami » 398 NE 5th St 2602, Miami, FL 33132 | A11756355

For Sale 398 NE 5th St 2602, Miami, FL 33132

$690,000

Property Highlights

Listing ID A11756355 Status of this Listing: Active For Sale Newly Listed Property Property Type Residential Condominium 1 Bathrooms Total 1 Full Bath Living Space 430 Sqft/39.95 m2 approx. Building Area 430 Sqft/39.95 m2 approx. Year Built 2022 Time of this property on Rebonus 0 Day(s)

398 NE 5th St 2602, Miami, FL 33132

Property Description: For Sale: Unit 2602 at The Elser in Miami offers a stunning, newly built, income-producing condo-hotel property in the heart of downtown. This fully furnished studio/ 1-bathroom / full kitchen unit boasts breathtaking views of the Miami skyline and Biscayne Bay, with a modern design and top-of-the-line finishes. The Elser provides an ideal investment opportunity with its lucrative condo-hotel rental program, no assessments, and a prime location near world-class dining, shopping, and entertainment. Enjoy resort-style amenities including a rooftop pool, fitness center, and concierge services, all while benefiting from the property’s income potential. Don’t miss out on this exceptional opportunity! Investor savy building!

Useful Info

Original List Price:$690,000
More Listings Same Building:The Elser Miami at 398 5th St Miami

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural
Style:
  • High Rise
Entry Level (floor):26
Entry Level Location:26
Construction Materials:
  • Block
Flooring:
  • Tile
Number of stories:0

Property Features

View from the Property:
  • Intercoastal
  • City
Waterfront:No
Security:
  • Door Man
  • Elevator Secured
Appliances:
  • Microwave
Interior Features:
  • Built-in Features
  • Other
Exterior Features:
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Window Features:
  • Impact Glass
Laundry Features:
  • Washer Hookup
  • Dryer Hookup
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating System:
  • Other

Taxes and Expenses

Tax Annual Amount:$11,213

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2025
Association Fee:$661
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects City & County Tax

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Call Agent
Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Business Center
  • Clubhouse
  • Other
Subdivision Name:MAP OF MIAMI DADE CO. FL.
Association Fee Includes:
  • Cable Tv
  • Common Areas
  • Hvac
  • Amenities
Complex Name:THE ELSER
Senior Community:No
Restrictions: Daily Rentals Allowed,No Restrictions

Parking

Garage:Yes
Garage Spaces:1
Covered Spaces:1
Parking Features:
  • Valet

Utilities

Utilities Available:
  • Cable Available

More Details

Other Information:
Unit ViewIntracoastal View,Skyline View
Housing Older Persons ActUnverified
Unit DesignHigh Rise
Type of AssociationCondo
Minimum Number of Days for Lease1
Type of Governing BodiesCondominium
Pet Fee0
Tax InformationTax Reflects City & County Tax
Number of times allowed to lease per year365
Homeowner's Association Application Fee150
StyleCondo-Hotel
Municipal Code1
Ref1108271574
Subdivision Number78

Zoning and Legal

Tax Legal Description:398 NE 5TH STREET CONDO UNIT 2602 UNDIV 0.1089% INT IN COMMON ELEMENTS OFF REC 33416-1520
Real Estate Folio Number (Parcel Number):01-41-37-078-0470
Public Survey Township:1
Public Survey Range:41
Public Survey Section:37

Listing History

Update/EventDate/Days
Published Date:March 5, 2025 9:24 am
On Market Date:March 3, 2025
Price Change Date Time:March 4, 2025 11:02 am
Last Important Update Description:New Listing
Date and Time of Last Important Update:March 5, 2025 9:24 am
Status Last Changed:March 5, 2025 9:24 am
Photos Last Modified:March 5, 2025 2:39 pm
Last Modified:March 5, 2025 6:00 pm
Days on the Market Reference Date:March 5, 2025
Days on the Market (updated on Last Modified*):2
Cumulative Days on the Market (updated on Last Modified**):537

Additional Information

Unit Location:High Rise
Number of Photos:17
Location:,,
Included:,,
Area:41
Courtesy of:London Foster Realty
Universal Property Id:US-12025-N-0141370780470-R-N

Location

Show Property Address:Yes
Street Name:5th St
Street Number:398
Street Direction Prefix:NE
Street Address:398 NE 5th St 2602
Unit Number:2602
City : Miami
State : Florida
Zip Code : 33132
County : Miami-Dade
Full Address:398 NE 5th St 2602, Miami, FL 33132
Latitude:N25° 46' 43.7''
Longitude:W81° 48' 39.4''

Neighborhood

Postal City:Miami

Property Map

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