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398 NE 5th St # 3811, Miami FL 33132

Condo/Co-op For Sale
$1,385,000

BTC: 17.93576794

ETH: 565.53695386

187 days
Waterfront
2 bds
2 ba
818 sqft

Overview

Unit 3811 at Elser Hotel & Residences is a stunning 2-bedroom, 2-bathroom residence offering breathtaking bayfront and direct water views. From its elevated position, enjoy spectacular panoramas of the park and Biscayne Bay, with unforgettable sunrises and vibrant city lights at night. The unit is fully furnished and turnkey, ready to be occupied immediately or placed into income production from day one. Floor-to-ceiling windows flood the space with natural light, enhancing the modern design and showcasing the incredible waterfront scenery. Located in one of Downtown Miami’s most desirable buildings, the residence allows short-term rentals, including daily rentals, making it an exceptional opportunity for investors seeking strong income potential, as well as end users who value flexibility. A rare opportunity to own a prime waterfront property with spectacular views and full short-term rental freedom.

Location

Details

Type:
Residential
Parking:
1 Space / Covered / Valet
Year Built:
2024
Lot:
No Data
Heating:
Other
Price/sqft:
$1,693
Cooling:
Central Air
HOA:
$1,543

Valuation

Our model vs. what's actually selling nearby.
Estimate
$940,000
$640K – $1.4M
Confidence Low
List vs. estimate
$445K above estimate
List $1,385,000 · +47.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,693
+198.9% vs. city median $566
Based on
124 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $628K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$23,931
2025
HOA
$1,543/mo
View
Bay, Intracoastal View
Waterfront
Ocean Front
Garage
1 car garage
Pets
Restrictions Or Possible Restrictions
All facts and features
  • Flooring

    • Other

    Heating

    • Other

    Cooling

    • Central Air

    Appliances

    • Other Equipment/Appliances

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • 1 Space

    • Covered

    • Valet

    Property

    • Exterior Features: Other

    Other Property Information

    • Parcel Number: 01-41-37-078-3650

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,543

    • HOA Frequency: Monthly

    • Annual tax amount: $23,931

  • Source details

    • MLS ID: A11969815

    Other facts

    • Construction Materials: Concrete Block Construction

    • Waterfront: Yes

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 818

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

Private inquiry
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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: COSMORE Florida Corp.