Condo in 398 NE 5th Street 2004, Miami, FL 33132 for sale with MLS# A12112238

Discover an exceptional opportunity to own at The Elser Hotel & Residences, in the heart of Downtown Miami! This fully furnished junior suite on the 20th floor offers 443 sq. ft. of living space, a functional open-concept layout, modern finishes, an equipped kitchen, in-unit washer and dryer, and a private balcony. Enjoy the perfect combination of comfort, luxury, and convenience in a premier high-rise building featuring resort-style amenities, including a spectacular pool overlooking Biscayne Bay, fitness center, concierge services, valet parking, dining options, and inviting social spaces. Ideally located steps from Miami Worldcenter, Kaseya Center, Bayside Marketplace, Brightline Station, and Downtown Miami's finest restaurants, shopping, and entertainment. Currently operated as a short-term rental through the hotel program, with the option to use another approved rental management company, subject to applicable regulations and agreements. An attractive opportunity for investors or those seeking a Miami getaway. Experience the vibrant Downtown Miami lifestyle at The Elser! The unit is currently enrolled in The Elser's hotel rental management program. Owners may choose to work with the hotel operator or another management company approved by the Commercial Parcel Owner. Short-term rentals are subject to the unit's Certificate of Use and applicable condominium regulations. All transient guests must register at the front desk. Buyers and their agents should independently verify rental restrictions, management agreements, association fees, approval requirements, and permitted uses. Contact the listing agent for additional information regarding rental management options and property details.

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398 NE 5th Street 2004, Miami, FL 33132

Price
Price:
$686,900.00
Original List Price:
$686,900.00
List Price per Sq Ft (Calculated, Approx.):
$1,550.56
More Listings Same Building:
The Elser Miami in 398 5th St Miami
Property Status and Type
Listing Type:
For Sale
Status:
Active
Special Sale Conditions:
Short Sale
Listing Category:
Residential
Property Type:
Condominium
Description of Last Important Update:
New Listing
Last Major Update on:
October 23, 2026 4:00 am
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
1
Bathrooms Total:
1
Full Bath:
1
Measures
Living Area:
443 Sqft
Built-Up Area:
443 Sqft
Property Features
View from the Property:
Bay
Waterfront:
No
Security:
Key Card Entry, Security System
Appliances:
Dryer, Dishwasher, Microwave, Refrigerator, Washer, Oven
Air Conditioning
Air Conditioning System:
Central Air
Unit Description:
High Rise, Studio
Storm Protection Impact Glass:
Partial
Construction
Year Built:
2022
Levels:
Two
Entry Level (floor):
1
Construction Materials:
Concrete Block - No Stucco
Flooring:
Other, Laminate
Number of stories:
49
Flood Zone Code:
X
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$10,640.00
Tax Year:
2025
Association Fee:
$2,055.00
Association Fee Frequency:
Quarterly
Property Tax Details:
City/County
Parking
Garage
Garage Spaces:
1
Covered Spaces:
1
Parking Features:
Valet
Community
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):
Pool, Sauna, Spa/hot Tub, Other, Maintenance, Elevator(s), Fitness Center
Subdivision Name:
MAP OF MIAMI DADE CO. FL.
Senior Community:
No
Restrictions:
See Remarks
Minimum Days per Lease:
1
Terms
Listing Terms Considered by Seller:
Cash, Conventional, FHA, VA Loan
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
398 NE 5TH STREET CONDO UNIT 2004 UNDIV 0.1122% INT IN COMMON ELEMENTS OFF REC 33146-1520
Real Estate Folio Number (Parcel Number):
0141370781090
Public Schools Assigned
Elementary School:
Hammock Pointe
High School:
Booker T. Washington
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
October 22, 2026
Listing Agreement executed on:
October 23, 2026
Listing Status Last Changed On:
October 23, 2026 4:00 am
Photos updated on:
November 5, 2026 4:42 pm
Last Modified:
November 6, 2026 12:02 am
Additional Information
Courtesy of:
Realty One Group Evolution
Attribution:
Not provided
Location
Floor Number:
20
Street Name:
5th
Street Number:
398
Unit Number:
2004
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
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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.