Home » Miami » The Elser Miami at 398 5th St Miami » 398 NE 5th St 2516, Miami, FL 33132 | A11757786

For Sale 398 NE 5th St 2516, Miami, FL 33132

$635,000

Property Highlights

Listing ID A11757786 Status of this Listing: Active For Sale Newly Listed Property Property Type Residential Condominium In a Condo Hotel 1 Bathrooms Total 1 Full Bath Living Space 362 Sqft/33.63 m2 approx. Building Area 362 Sqft/33.63 m2 approx. COMMUNITY POOL Year Built 2022 Time of this property on Rebonus 1 Day(s)

398 NE 5th St 2516, Miami, FL 33132

Property Description: Experience the ultimate in flexibility and income potential with this stunning studio unit. Whether you choose to live in it, lease it annually, or capitalize on the lucrative short-term rental market through platforms like Airbnb, VRBO, or Expedia, this property offers endless possibilities. The unit is exactly as depicted in the photos, featuring breathtaking views and exceptional design. Currently managed by YourHome Hospitality LLC, a premier vacation rental management company, all the details are expertly handled for you. This property is a prime income-generating opportunity, complete with top-tier amenities, including a state-of-the-art gym, pool, bar, restaurants, 24/7 front desk service, and more.

Useful Info

Original List Price:$635,000
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:
  • Condo-hotel
Architectural
Style:
  • High Rise
  • Other
Entry Level (floor):25
Entry Level Location:25
Construction Materials:
  • Block
Flooring:
  • Tile
Number of stories:47

Property Features

Has View:Yes
View from the Property:
  • City
  • Bay
  • Other
Waterfront:No
Swimming Pool Features:
  • Heated
  • Association
Security:
  • Elevator Secured
  • Closed Circuit Camera(s)
  • Fire Alarm
Appliances:
  • Dryer
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Washer
  • Electric Range
  • Ice Maker
  • Trash Compactor
Interior Features:
  • Other
  • Elevator
Exterior Features:
  • Security/high Impact Doors
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central
Building Features:
  • Exterior Lighting

Taxes and Expenses

Tax Annual Amount:$9,726

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:2024
Association Fee:$470
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Homestead Exemption

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • Fha
Occupant Type:
  • Vacant
Buyer Possession:
  • Closing & Funding
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • No Pet Restrictions
Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Trash
  • Elevator(s)
  • Fitness Center
Subdivision Name:MAP OF MIAMI DADE CO. FL.
Association Fee Includes:
  • Sewer
  • Water
  • Trash
  • Cable Tv
  • Pool(s)
  • Security
  • Parking
  • Internet
Complex Name:THE ELSER
Senior Community:No
Restrictions: Daily Rentals Allowed,No Restrictions

Parking

Garage:Yes
Garage Spaces:1
Covered Spaces:1
Parking Features:
  • One Space

More Details

Other Information:
Unit ViewBay,Other View,Skyline View
Housing Older Persons ActNo HOPA
Unit DesignHigh Rise,Other
Type of AssociationCondo
Minimum Number of Days for Lease1
Type of Governing BodiesCondominium
Pet Fee150
Tax InformationTax Reflects No Homestead Exemption
Number of times allowed to lease per year365
Homeowner's Association Application Fee150
StyleCondo 5+ Stories
Municipal Code1
Ref1108306933
Subdivision Number78

Zoning and Legal

Tax Legal Description:398 NE 5TH STREET CONDO UNIT 2516 UNDIV 0.0917% INT IN COMMON ELEMENTS OFF REC 33416-1520
Real Estate Folio Number (Parcel Number):01-41-37-078-5220
Public Survey Township:1
Public Survey Range:41
Public Survey Section:37

Listing History

Update/EventDate/Days
Published Date:March 5, 2025 8:22 pm
On Market Date:March 5, 2025
Price Change Date Time:March 5, 2025 8:22 pm
Last Important Update Description:New Listing
Date and Time of Last Important Update:March 5, 2025 8:22 pm
Status Last Changed:March 5, 2025 8:22 pm
Photos Last Modified:March 6, 2025 1:55 am
Last Modified:March 6, 2025 6:01 am
Days on the Market Reference Date:March 6, 2025
Days on the Market (updated on Last Modified*):1
Cumulative Days on the Market (updated on Last Modified**):188

Additional Information

Unit Location:High Rise,Other
Number of Photos:63
Location:,,
Included:,,
Area:41
Automated Valuation Display:Yes
Courtesy of:Sigma Real Estate & Investment
Attribution:rfayad@riadfayad.com
Universal Property Id:US-12025-N-0141370785220-R-N

Location

Show Property Address:Yes
Street Name:5th St
Street Number:398
Street Direction Prefix:NE
Street Address:398 NE 5th St 2516
Unit Number:2516
City : Miami
State : Florida
Zip Code : 33132
County : Miami-Dade
Full Address:398 NE 5th St 2516, Miami, FL 33132
Latitude:N25° 46' 43.7''
Longitude:W81° 48' 39.4''

Neighborhood

Postal City:Miami

Property Map

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