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398 NE 5th St # 4716, Miami FL 33132

Condo/Co-op For Sale
$525,000

BTC: 8.01526718

ETH: 291.66666667

56 days
Waterfront
1 ba
362 sqft

Overview

Experience elevated living and exceptional investment potential at The Elser Miami, one of Downtown Miami’s most sought-after luxury residences. This fully furnished studio showcases breathtaking views of Biscayne Bay and the Miami skyline, blending modern design with high-end finishes for a turnkey opportunity. Designed for both lifestyle and income, the building offers world-class amenities including resort-style pool, fitness center, spa, business lounge, and on-site dining—including a Michelin-starred culinary experience. Ideal for short-term rentals, with flexible leasing options maximizing income potential. Located in the heart of Downtown Miami, just steps from Bayside, world-class museums, entertainment, and minutes to Brickell, South Beach, and Key Biscayne. This is a rare opportunity to own in one of Miami’s most dynamic and high-demand rental markets. Perfect for investors seeking strong returns or buyers looking for a luxury pied-à-terre in a prime waterfront location.

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:
$1,450
Cooling:
Electric
HOA:
$474

Valuation

Our model vs. what's actually selling nearby.
Estimate
$469,250
$389K – $648K
Confidence Low
List vs. estimate
$55K above estimate
List $525,000 · +11.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,450
+155.6% vs. city median $567
Based on
132 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $536K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,550
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

    • Washer

    Other interior features

    • First Floor Entry

    • Elevator

    Bedrooms and bathrooms

    • Full bathrooms: 1

  • Parking

    • Valet

    Property

    • Exterior Features: Barbeque

    Other Property Information

    • Parcel Number: 01-41-37-078-5440

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Green energy

    • Appliances

  • Other financial information

    • HOA: $474

    • HOA Frequency: Monthly

    • Annual tax amount: $10,550

  • Source details

    • MLS ID: A11995606

    Other facts

    • Construction Materials: CBS Construction

    • Architectural Style: High Rise

    • Waterfront: Yes

    • Living Area: 362

    • 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
707
median $639K
Active
Same city
Miami
12,004
median $650K
Active
Same type
Condo/Co-op
6,342
median $500K
Active
Similar price
$367K – $682K
3,560
median $520K
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