Condo in 398 NE 5th St 1706 Miami for sale with MLS# A11789023
Welcome to The Elser Hotel & Residences in Downtown Miami. This unit features a fully furnished and equipped turnkey studio with breathtaking views of Biscayne Bay and the Miami skyline. The unit is designed with floor-to-ceiling windows, private balconies, fully equipped kitchen and in-unit washer and dryer. Owners and guests can enjoy a range of luxury amenities including a 132-foot rooftop pool with spacious deck, spa hot tub, two-story fitness center and exclusive beach access on South Beach. The Elser offers flexible rental options, including short-term rentals, making it an attractive option for investors seeking a pied a terre in Miami and passive income rolled into one. Property yields a 6% cap, hassle-free. Unit video tour available upon request.
398 NE 5th St 1706, Miami, FL 33132
Price
- Price:
- $579,000.00
- Original List Price:
- $579,000.00
- More Listings Same Building:
- The Elser Miami in 398 5th St Miami
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Residential
- Property Type:
- Condominium
- MLS Number:
- A11789023
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- April 22, 2025 7:17 pm
Rooms Distribution
- Bedrooms:
- 1
- Bathrooms Total:
- 1
- Full Bath:
- 1
Measures
- Living Area:
- 443 Sqft
- Built-Up Area:
- 443 Sqft
- Lot Size Unit:
- Square Feet
Property Features
- View from the Property:
- Other
- Waterfront:
- No
- Swimming Pool Features:
- Heated
- Security:
- Lobby Secured
- Furnished:
- Furnished
- Appliances:
- Dryer, Dishwasher, Microwave, Refrigerator, Washer, Electric Range
- Interior:
- Bedroom On Main Level, Elevator
- Exterior:
- Security High Impact Doors
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Building:
- Exterior Lighting
Construction
- Year Built:
- 2022
- Year Built Details:
- Effective Year Built
- Architectural Style:
- High Rise
- Entry Level (floor):
- 17
- Entry Level Location:
- 17
- Construction Materials:
- Block
- Number of stories:
- 49
Taxes and Expenses
- Tax Annual Amount:
- $10,914.00
- Tax Year:
- 2024
- Association Fee:
- $494.00
- Association Fee Frequency:
- Monthly
- Property Tax Status:
- Tax Reflects No Homestead Exemption
Parking
- Garage
- Garage Spaces:
- 1
- Covered Spaces:
- 1
- Attached Garage
- Parking Features:
- One Space, Garage, Attached, Covered, Valet
Community
- Pets Allowed?:
- Yes, Conditional
- Amenities Provided by the Homeowner's Association (HOA):
- Pool, Spa/hot Tub, Clubhouse, Fitness Center
- Subdivision Name:
- The Elser
- Association Fee Includes:
- Common Areas, Amenities
- Complex Name:
- The Elser
- Senior Community:
- No
- Restrictions:
- Daily Rentals Allowed, Okay to Lease
Terms
- Listing Terms Considered by Seller:
- Cash, Conventional
- Occupant Type:
- Call Agent
- Buyer Possession:
- Closing And Funding
- Lease Considered:
- Yes
- Lease Considered
Zoning and Legal
- Tax Legal Description:
- 398 NE 5TH STREET CONDO UNIT 1706 UNDIV 0.1122% INT IN COMMON ELEMENTS OFF REC 33146-1520
- Real Estate Folio Number (Parcel Number):
- 01-41-37-078-1740
Listing History
- Originally published on:
- April 22, 2025 7:17 pm
- Active on the market since:
- April 22, 2025
- Price change occurred on:
- April 22, 2025 7:00 pm
- Listing Status Last Changed On:
- April 22, 2025 7:17 pm
- Photos updated on:
- April 22, 2025 11:31 pm
- Last Modified:
- January 22, 2026 5:31 pm
Additional Information
- Unit View:
- Other View
- Housing Older Persons Act:
- No HOPA
- Unit Design:
- High-Rise
- Type of Association:
- Condo
- Minimum Number of Days per Lease:
- 1
- Type of Governing Bodies of the Association:
- Homeowner Association
- Pet Fee:
- $0.00
- Number of Times Leased per Year:
- 365
- Application Fee:
- $150.00
- Style:
- Condo-Hotel
- Municipal Code:
- 1
- Subdivision Number:
- 78
- Courtesy of:
- Related General Realty, LLC.
- Attribution:
- Not provided
Location
- Street Name:
- 5th St
- Street Number:
- 398
- Unit Number:
- 1706
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33132
- County:
- Miami-Dade
- Latitude:
- N25° 46' 43.6''
- Longitude:
- W81° 48' 38.7''
- Street Direction Prefix:
- NE
Property Map
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$109,505
Median Home Value
$545,100
Median Rent
$2,534/mo
Median Age
34
Population
18,244
Air Quality
Source: AirNow.gov · Miami
🌬️ Air Quality Index (AQI)
35
Good
☀️ O3
30
Good
🫁 PM2.5
35
Good
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