Condo in 398 NE 5th Street 2007, Miami, FL 33132 for sale with MLS# A12055966
Turnkey Investment Opportunity at The Elser Hotel & Residences - Unit 2007Fully furnished, turnkey studio residence at The Elser, ideally positioned with sweeping views of the Kaseya Center skyline and partial Biscayne Bay water views. This designer-finished unit features a king-size bed, sofa bed, full kitchen, in-unit washer/dryer, and secure keyless entry - ready to generate income from day one.Enrolled in The Elser's professionally managed short-term rental program with a proven, documented income history, this is a rare opportunity to own real, verified cash flow rather than a projection. Investor-friendly building with flexible daily, weekly, and long-term rental permissions.Residents and guests enjoy resort-caliber amenities including a wraparound rooftop pool with bar and restaurant, two-story fitness center, 24/7 concierge, valet parking, and Beach Club access.Unbeatable Downtown Miami location steps from Kaseya Center, Bayside Marketplace, the Brightline station, and Biscayne Bay, bringing global demand to Downtown Miami's short-term rental market.Whether for personal use, a pied-à-terre, or a high-performing investment asset, Unit 2007 offers a rare blend of location, view, and income potential in one of Miami's most in-demand condo-hotel addresses.
398 NE 5th Street 2007, Miami, FL 33132
- Price:
- $579,000.00
- Original List Price:
- $650,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $1,309.95
- More Listings Same Building:
- The Elser Miami in 398 5th St Miami
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Residential
- Property Type:
- Condominium
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- August 2, 2026 11:42 pm
- Other Special Conditions:
- Sold As-is
- Bathrooms Total:
- 1
- Full Bath:
- 1
- Master Bedroom Bath:
- Bedroom On Entry Level
- Dining Area:
- Dining/Living Room
- Living Area:
- 442 Sqft
- Built-Up Area:
- 442 Sqft
- View from the Property:
- Bay
- Waterfront:
- No
- Security:
- Fire Sprinkler System, Security Guard, Security System, Secured Garage/Parking, Fire Alarm, Security Patrol, Lobby - Attended, Elevator Secure
- Appliances:
- Dryer, Dishwasher, Microwave, Washer, Electric Range
- Interior:
- Closet Cabinetry, Built-in Features
- Exterior:
- Balcony
- Windows:
- Blinds, Insulated Windows, Insulated Windows
- Green Energy Efficient:
- Appliances, Hvac, Thermostat, Lighting, Construction
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Unit Description:
- High Rise
- Balcony Details:
- Balcony - Open
- Storm Protection Impact Glass:
- Partial
- Year Built:
- 2022
- Levels:
- Two
- Entry Level (floor):
- 1
- Construction Materials:
- CBS
- Number of stories:
- 49
- Number of Units in the Community or Building:
- 646
- Flood Zone Code:
- X
- Property Condition:
- New Construction
- Tax Annual Amount:
- $9,430.00
- Tax Year:
- 2025
- Association Fee:
- $600.00
- Association Fee Frequency:
- Monthly
- Property Tax Details:
- Tax Reflects No Exemptions
- Garage
- Garage Spaces:
- 1
- Covered Spaces:
- 1
- Parking Features:
- Valet
- Association
- Application Required
- Application Fee:
- $150.00
- Application Information:
- 1-2 Weeks Approval
- Association Type:
- Condominium
- Pets Allowed?
- Lease Number Times per Year Allowed:
- 365
- Amenities Provided by the Homeowner's Association (HOA):
- Business Center, Heated Pool, Pool, Sauna, Spa/hot Tub, Private Beach Pavilion, Bar, Clubhouse, Playground, Management, Maintenance, Elevator(s), Fitness Center, Picnic Area
- Subdivision Name:
- MAP OF MIAMI DADE CO. FL.
- Association Fee Includes:
- Maintenance Grounds, Sewer, Water, Trash, Security, Maintenance Structure, Common Areas, Internet, Elevator, Reserve Funds, Roof Repairs, Pool Service, Recreation Facility
- Senior Community:
- No
- Restrictions:
- See Remarks
- Minimum Days per Lease:
- 1
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease, Short Term Rentals Allowed
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable
- Tax Legal Description:
- 398 NE 5TH STREET CONDO UNIT 2007 UNDIV 0.1119% INT IN COMMON ELEMENTS OFF REC 33416-1520
- Real Estate Folio Number (Parcel Number):
- 0141370782110
- Elementary School:
- Hunter's Green-hb
- High School:
- Booker T. Washington
- Middle Or Junior School:
- Jose De Diego
- Active on the market since:
- July 20, 2026
- Listing Agreement executed on:
- July 20, 2026
- Price change occurred on:
- August 2, 2026 11:42 pm
- Listing Status Last Changed On:
- July 20, 2026 4:00 am
- Photos updated on:
- August 3, 2026 5:43 pm
- Last Modified:
- August 3, 2026 5:43 pm
- Courtesy of:
- EXP Realty LLC
- Attribution:
- Not provided
- Floor Number:
- 20
- Street Name:
- 5th
- Street Number:
- 398
- Unit Number:
- 2007
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33132
- County:
- Miami-Dade
- Latitude:
- N25° 46' 44''
- Longitude:
- W81° 48' 38.5''
- Street Suffix:
- Street
- Street Direction Prefix:
- NE
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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