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398 NE 5th St # 4313, Miami FL 33132

Condo/Co-op For Sale
$625,000

BTC: 9.73677827

ETH: 354.52142444

122 days
Waterfront
1 ba
357 sqft

Overview

Experience strong rental potential at The Elser Hotel & Residences in Downtown Miami. Investor-friendly building allows short-term (Airbnb) and long-term rentals. This fully furnished 43rd-floor studio offers stunning Miami skyline and Biscayne Bay views, 9-ft ceilings, floor-to-ceiling impact windows, porcelain tile flooring, and a private balcony. Turnkey unit, ready to generate income from day one. Features include a full kitchen, in-unit washer/dryer, smart keyless entry, and smart thermostat. Residents and guests enjoy resort-style amenities: 132-ft rooftop pool, state-of-the-art fitness center, sky lounge, business center, and concierge services. Prime LOCATION near Bayside, Kaseya Center, Metromover, top dining, and entertainment. High-demand area with strong occupancy potential. Ideal for investors seeking cash flow and appreciation in the heart of Miami.

Location

Details

Type:
Residential
Parking:
1 Space / Covered / Valet / No Trucks/Trailers
Year Built:
2022
Lot:
No Data
Heating:
Central
Price/sqft:
$1,751
Cooling:
Central Air
HOA:
$1,647

Valuation

Our model vs. what's actually selling nearby.
Estimate
$462,500
$389K – $648K
Confidence Low
List vs. estimate
$162K above estimate
List $625,000 · +35.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,750
+212.4% vs. city median $560
Based on
132 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
$10,456
2025
HOA
$1,647/qtr
View
Bay, Ocean View
Waterfront
Yes
Garage
1 car garage
Pets
Restrictions Or Possible Restrictions
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Other Equipment/Appliances

    • Electric Range

    • Refrigerator

    • Washer

    Other interior features

    • Lobby

    • Fire Sprinklers

    • Studio Apartment

    Bedrooms and bathrooms

    • Full bathrooms: 1

  • Parking

    • 1 Space

    • Covered

    • Valet

    • No Trucks/Trailers

    Property

    • Exterior Features: Barbeque / Open Balcony

    Other Property Information

    • Parcel Number: 01-41-37-078-4380

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,647

    • HOA Frequency: Quarterly

    • Annual tax amount: $10,456

  • Source details

    • MLS ID: A11968390

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Patio And Porch Features: Open Balcony

    • Window Features: Clear Impact Glass

    • Architectural Style: Corner Unit / High Rise

    • Waterfront: Yes

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 357

    • 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

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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: United Realty Group Inc