Condo in 398 NE 5th Street 1615, Miami, FL 33132 for sale with MLS# A12061775

Experience the ultimate blend of luxury, flexibility, and investment potential at The Elser Hotel & Residences in the heart of Downtown Miami.This beautifully furnished 1-bedroom, 1-bathroom residence offers a thoughtfully designed living space with spectacular city and Biscayne Bay views. Delivered fully furnished and turnkey, the residence is ready for immediate personal enjoyment or income generation from day one.Perfectly positioned directly across from Bayside Marketplace, Bayfront Park, Kaseya Center, and PortMiami, you'll be at the center of Miami's most vibrant entertainment, dining, shopping, and tourism district. With short-term rentals permitted, this residence presents an exceptional opportunity for investors seeking strong rental demand and maximum flexibility.Residents enjoy world-class amenities, resort-style services, and one of the most sought-after addresses for both visitors and owners. Whether you're looking for a vacation home, an investment opportunity, or both, this is a rare opportunity to own a turnkey residence in one of Miami's fastest-growing neighborhoods.Don't miss your chance to own a condo in one of Downtown Miami's premier luxury buildings. Schedule your private showing today!

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398 NE 5th Street 1615, Miami, FL 33132

Price
Price:
$790,000.00
Original List Price:
$790,000.00
List Price per Sq Ft (Calculated, Approx.):
$1,410.71
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
Description of Last Important Update:
New Listing
Last Major Update on:
July 29, 2026 4:00 am
Other Special Conditions:
Sold As-is, Corporate Owned
Rooms Distribution
Bedrooms:
1
Bathrooms Total:
1
Full Bath:
1
Master Bedroom Bath:
Bedroom On Entry Level
Measures
Living Area:
560 Sqft
Built-Up Area:
560 Sqft
Property Features
View from the Property:
Bay
Waterfront:
No
Security:
Smoke Detector(s), Fire Sprinkler System, Key Card Entry, Security Guard, Security System, Closed Circuit Camera(s), Secured Garage/Parking, Fire Alarm, Lobby - Attended, Entry - Phone/intercom, Elevator Secure
Furnished:
Furnished
Appliances:
Dryer, Dishwasher, Microwave, Refrigerator, Washer, Other, Electric Water Heater
Interior:
Closet Cabinetry, Kitchen Island, Elevator
Exterior:
Balcony
Laundry:
Washer Hookup, Dryer Hookup
Air Conditioning
Air Conditioning System:
Electric
Property Entrance Faces:
Southeast
Other Equipment:
Other
Unit Description:
High Rise
Balcony Details:
Balcony - Open
Construction
Year Built:
2022
Levels:
Two
Entry Level (floor):
1
Flooring:
Ceramic Tile
Number of stories:
49
Property Condition:
New Construction
Taxes and Expenses
Tax Annual Amount:
$12,578.00
Tax Year:
2025
Association Fee:
$1,756.00
Association Fee Frequency:
Quarterly
Parking
Garage Spaces:
0
Covered Spaces:
0
Parking Features:
Valet
Utilities
Electric:
Circuit Breakers
Utilities Available:
Cable Available
Community
Association
Application Required
Application Fee:
$350.00
Application Information:
1-2 Weeks Approval
Association Type:
Condominium
Pets Allowed?:
Size Limit (There are size restrictions on allowed pets), Yes
Lease Number Times per Year Allowed:
360
Amenities Provided by the Homeowner's Association (HOA):
Business Center, Pool, Bar, Maintenance, Fitness Center, Picnic Area, Parking, Lobby
Subdivision Name:
Elser Residences
Association Fee Includes:
Maintenance Grounds, Cable Tv, Maintenance Structure, Common Areas, Internet, Pool Service, Recreation Facility
Senior Community:
No
Minimum Days per Lease:
1
Leasing Permitted
Leasing Permitted Details:
Short Term Rentals Allowed
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
398 NE 5TH STREET CONDO UNIT 1615 UNDIV 0.1418% INT IN COMMON ELEMENTS OFF REC 33416-1520
Real Estate Folio Number (Parcel Number):
0141370784790
Public Schools Assigned
Elementary School:
Dr. Edward L. Whigham
High School:
Booker T. Washington
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
July 29, 2026
Listing Agreement executed on:
July 29, 2026
Listing Status Last Changed On:
July 29, 2026 4:00 am
Last Modified:
July 29, 2026 5:09 pm
Additional Information
Courtesy of:
MRI Realty Group
Attribution:
Not provided
Location
Floor Number:
16
Street Name:
5th
Street Number:
398
Unit Number:
1615
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
Property Map

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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) 45 Good
☀️ O3 35 Good
🫁 PM2.5 45 Good
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Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.