398 NE 5th St 2007 Miami, FL $ 650,000
398 NE 5th St 2007
$ 650,000
Recently Listed New Construction
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398 NE 5th St 2007

Miami, FL, 33132
$ 650,000
Baths1.0 Sq 442

Monthly Estimate*

$ 4,104

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Studio

Condo for sale in Miami, FL

for $650,000 with 1 full bath. This 442 square foot condo was built in 2022.

Turnkey Investment Opportunity at The Elser Hotel & Residences — Unit 2007 Fully 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.

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Condo Active

Price

$ 650,000

Bedrooms

Studio

Full Bath

1

Property Type

Condo

Taxes

$ 9,430

Style

Year Built

2022

Town/City

Miami

County/Region

Miami-Dade

MLS | Web ID

A12055966

Features
General
Heating Central
Cooling Central Air
Possession Closing & Funding
Appliances Dryer Dishwasher Electric Range Microwave Washer
Development Status New Construction
HOA Fee 600
Garage Spaces 1
Association Fee Includes Association Management Amenities Common Areas Internet Maintenance Grounds Maintenance Structure Pool(s) Recreation Facilities Reserve Fund Roof Sewer Security Trash Water
Patio/Porch Features Balcony Open
Architectural Style High Rise
Pool Features Association Heated
Security Features Door Man Elevator Secured Fire Alarm Secured Garage/Parking Lobby Secured Security Guard Fire Sprinkler System
Restrictions Daily Rentals Allowed OK To Lease See Remarks
Construction Materials Block
Pets Allowed Yes
Year Built 2022
View Bay
Unit Number 2007
Property Subtype Condominium
Tax Year 2025
Assoc Fee Paid Per Monthly
County Miami-Dade
New Construction true
Property Type Residential
Association Amenities Beach Rights Business Center Clubhouse Fitness Center Barbecue Picnic Area Playground Pool Sauna Spa/Hot Tub Elevator(s)
Energy Efficient Appliances Construction HVAC Lighting Thermostat
Subdivision Name MAP OF MIAMI DADE CO. FL.
Garage Y/N true
Total Rooms 0
Full Baths 1
Special Listing Conditions Listed As-Is
Status Active
City Miami
Entry Location 20
Senior Community Y/N false
MLS Area 32
Lot Size Units Square Feet
Listing Terms Cash Conventional
Property Attached Y/N true
Year Built Details Effective Year Built
Tax Annual Amount 9430
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12055966
Standard Status Active
Occupancy Type Call Agent
Property Sub Type Additional Condominium
Legal Description 398 NE 5TH STREET CONDO UNIT 2007 UNDIV 0.1119% INT IN COMMON ELEMENTS OFF REC 33416-1520
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Interior
Interior Amenities Built-in Features Bedroom on Main Level Closet Cabinetry First Floor Entry Living/Dining Room Bar
Total Stories 49
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Thermal Windows Impact Glass
Half Baths 0
Total Bedrooms 0
Entry Level 20
Total Baths 1
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Exterior
Exterior Amenities Balcony Security/High Impact Doors
Parking Features Valet
Building Area Total 442
Waterfront Y/N false
Covered Spaces 1
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* Excluded Features
List By
Exp Realty Llc

Broker

alvaro@floridarealtyguru.com

Email

Affordability Calculator

$4,890
Per Month
84%
16%
0%
Monthly Principal & Interest
$4,104
Monthly Property Taxes
$786
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/20/2026$650,000 Listed Price

Map


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398 NE 5th St 2007, Miami, FL, 33132 is a Condo for sale at $650,000 with 442 sqft. 398 NE 5th St 2007 is a studio with 1.0 baths and was built in 2022. The property's zip code is 33132 which is in Miami, FL