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398 NE 5th St # 2112, Miami FL 33132

Condo/Co-op For Sale
$709,000

BTC: 11.25396825

ETH: 402.84090909

New
1 ba
341 sqft

Overview

Located in the Heart of Downtown Miami, this exceptional Studio at THE ELSER Hotel & Residences is a rare investment opportunity, ideal for short-term rentals managed through Airbnb, VRBO, or directly by the hotel. Fully furnished and beautifully appointed, this unit features a king-size bed, pull-out couch, and a fully equipped kitchen, washer & dryer inside the unit. Enjoy breathtaking panoramic views of Biscayne Bay, a rooftop pool with a poolside bar and restaurant, a two-story gym, and valet parking. Just steps from Bayside Marketplace, Port of Miami, this location truly has it all! Don’t miss out on this premier property in Miami’s luxury market.

Location

Details

Type:
Residential
Parking:
1 Space / Valet
Year Built:
2022
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$2,079
Cooling:
Central Air / Electric
HOA:
$445

Valuation

Our model vs. what's actually selling nearby.
Estimate
$459,499
$386K – $621K
Confidence Low
List vs. estimate
$249K above estimate
List $709,000 · +54.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$2,079
+271.5% vs. city median $559
Based on
98 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $535K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$9,820
2025
HOA
$445/mo
View
Bay
Garage
1 car garage
Pets
Not allowed
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dryer

    • Electric Range

    • Electric Water Heater

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Lobby

    • First Floor Entry

    Bedrooms and bathrooms

    • Full bathrooms: 1

  • Parking

    • 1 Space

    • Valet

    Property

    • Exterior Features: Barbeque / Open Balcony

    Other Property Information

    • Parcel Number: 01-41-37-078-3820

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Hotel/Motel

  • Other financial information

    • HOA: $445

    • HOA Frequency: Monthly

    • Annual tax amount: $9,820

  • Source details

    • MLS ID: A12039725

    Other facts

    • Construction Materials: CBS Construction

    • Patio And Porch Features: Open Balcony

    • Window Features: Blinds / Verticals

    • Architectural Style: High Rise

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 341

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

Private inquiry
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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: Damar Florida Real Estate