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398 NE 5th St # 2805, Miami FL 33132

Condo/Co-op For Sale
$699,000

BTC: 8.79245283

ETH: 296.72582788

18 days
Waterfront
1 bds
1 ba
442 sqft

Overview

TURNKEY INVESTMENT OPPORTUNITY! Exceptional 1BR/1BA at The Elser Hotel & Residences in the heart of Downtown Miami. Fully furnished and turnkey, featuring floor-to-ceiling glass, private balcony and breathtaking Downtown Miami & Biscayne Bay views. Short-term rentals permitted, offering exceptional flexibility and strong income potential in one of Miami’s most sought-after rental markets. Owners may participate in the professionally managed onsite rental program for seamless, hands-off operation. Enjoy resort-style amenities including a spectacular bayfront pool deck, multi-level fitness center, coworking spaces, lounges, café and concierge services. Prime walkable location just steps from Bayside Marketplace, Bayfront Park, Kaseya Center, restaurants, nightlife, Brightline and major transportation. Perfect for investors, second-home buyers or those seeking a flexible Miami lifestyle. Own it, use it, rent it.

Location

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

Details

Type:
Residential
Parking:
1 Space
Year Built:
2022
Lot:
No Data
Heating:
Electric / Other
Price/sqft:
$1,581
Cooling:
Other
HOA:
$680

Valuation

Our model vs. what's actually selling nearby.
Estimate
$479,000
$396K – $689K
Confidence Low
List vs. estimate
$220K above estimate
List $699,000 · +45.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,581
+176.8% vs. city median $571
Based on
56 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $12.6M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,703
2025
HOA
$680/mo
View
Intracoastal View, Other View
Waterfront
Intracoastal Front
Garage
1 car garage
Furnished
Furnished
All facts and features

  • Flooring

    • Ceramic Floor

    Heating

    • Electric

    • Other

    Cooling

    • Other

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    Other interior features

    • First Floor Entry

    • Bar

    • Elevator

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • 1 Space

    Property

    • Exterior Features: Other

    Other Property Information

    • Parcel Number: 01-41-37-078-1510

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $680

    • HOA Frequency: Monthly

    • Annual tax amount: $10,703

  • Source details

    • MLS ID: A12103466

    Other facts

    • Window Features: High Impact Windows / Impact Glass

    • Waterfront: Yes

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 442

    • Subdivision Name: MAP OF MIAMI DADE CO. FL.

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
402
median $672K
Active
Same city
Miami
6,009
median $650K
Active
Same type
Condo/Co-op
3,058
median $506K
Active
Similar price
$489K – $908K
2,124
median $650K
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: Cays LLC