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398 NE 5th St # 4412, Miami FL 33132

Condo/Co-op For Sale
$517,000

BTC: 8.18685669

ETH: 324.20094188

98 days
Waterfront
1 ba
341 sqft

Overview

Experience elevated urban living in the heart of Downtown Miami at The Elser Hotel Residences. This fully furnished studio showcases breathtaking panoramic views of Biscayne Bay and the Miami skyline from a high-floor vantage point. Designed for both lifestyle and investment, this condo-hotel unit offers a seamless blend of luxury, flexibility, and income potential. Owners benefit from short-term rental permissions, making it an exceptional opportunity for investors seeking strong returns in one of Miami’s most dynamic locations. Residents and guests enjoy resort-style amenities including a heated pool, bar, valet service, and secured lobby, all within walking distance to world-class dining, entertainment, cultural venues, and waterfront attractions. A rare opportunity to own a turnkey property in a prime Downtown Miami location with unmatched rental versatility and lifestyle appeal.

Location

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

Details

Type:
Residential
Parking:
Valet
Year Built:
2022
Lot:
No Data
Heating:
Electric
Price/sqft:
$1,516
Cooling:
Electric
HOA:
$474

Valuation

Our model vs. what's actually selling nearby.
Estimate
$449,999
$389K – $620K
Confidence Low
List vs. estimate
$67K above estimate
List $517,000 · +14.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,516
+171.4% vs. city median $558
Based on
102 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $522K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,068
2025
HOA
$474/mo
View
Bay, Intracoastal View
Waterfront
Yes
Furnished
Furnished
Pets
Restrictions Or Possible Restrictions
All facts and features

  • Flooring

    • Ceramic Floor

    Heating

    • Electric

    Cooling

    • Electric

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Electric Range

    • Refrigerator

    • Self Cleaning Oven

    • Washer

    Other interior features

    • Elevator

    Bedrooms and bathrooms

    • Full bathrooms: 1

  • Parking

    • Valet

    Property

    • Exterior Features: Barbeque / Courtyard / Tennis Court(s)

    Other Property Information

    • Parcel Number: 01-41-37-078-4050

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $474

    • HOA Frequency: Monthly

    • Annual tax amount: $10,068

  • Source details

    • MLS ID: A11995616

    Other facts

    • Construction Materials: CBS Construction

    • Architectural Style: High Rise

    • Waterfront: Yes

    • Living Area: 341

    • 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
763
median $645K
Active
Same city
Miami
12,237
median $635K
Active
Same type
Condo/Co-op
6,469
median $495K
Active
Similar price
$361K – $672K
3,651
median $510K
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: Miami Masterpiece