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398 NE 5th St # 1706, Miami FL 33132

Condo/Co-op For Sale
$579,000

BTC: 9.02015139

ETH: 328.42864760

426 days
1 bds
1 ba
443 sqft

Overview

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.

Location

Florida • Miami • 33132 • Condo/Co-op • For Sale

Details

Type:
Residential
Parking:
1 Space / Covered / Valet
Year Built:
2022
Lot:
No Data
Heating:
Central
Price/sqft:
$1,307
Cooling:
Central Air
HOA:
$494

Valuation

Our model vs. what's actually selling nearby.
Estimate
$475,000
$389K – $686K
Confidence Low
List vs. estimate
$104K above estimate
List $579,000 · +21.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,306
+133.2% vs. city median $560
Based on
194 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $509K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,914
2024
HOA
$494/mo
View
Other View
Garage
1 car garage
Furnished
Furnished
Pets
Restrictions Or Possible Restrictions
All facts and features

  • Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Electric Range

    • Refrigerator

    • Washer

    Other interior features

    • Elevator

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • 1 Space

    • Covered

    • Valet

    Other Property Information

    • Parcel Number: 01-41-37-078-1740

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $494

    • HOA Frequency: Monthly

    • Annual tax amount: $10,914

  • Source details

    • MLS ID: A11789023

    Other facts

    • Construction Materials: CBS Construction

    • Architectural Style: High Rise

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 443

    • Subdivision Name: The Elser

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33132
744
median $637K
Active
Same city
Miami
12,367
median $640K
Active
Same type
Condo/Co-op
6,511
median $495K
Active
Similar price
$405K – $752K
3,969
median $560K
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Related General Realty, LLC.