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398 NE 5th St # 1615, Miami FL 33132

Condo/Co-op For Sale
$790,000

BTC: 12.42431391

ETH: 415.21254678

New
1 bds
1 ba
560 sqft

Overview

Experience the ultimate blend of luxury, flexibility, and investment potential at The Elser Hotel & Residences in the heart of Downtown Miami. This beautifully furnished 1-bedroom, 1-bathroom residence offers a thoughtfully designed living space with spectacular city and Biscayne Bay views. Delivered fully furnished and turnkey, the residence is ready for immediate personal enjoyment or income generation from day one. Perfectly positioned directly across from Bayside Marketplace, Bayfront Park, Kaseya Center, and PortMiami, you'll be at the center of Miami's most vibrant entertainment, dining, shopping, and tourism district. With short-term rentals permitted, this residence presents an exceptional opportunity for investors seeking strong rental demand and maximum flexibility. Residents enjoy world-class amenities, resort-style services, and one of the most sought-after addresses for both visitors and owners. Whether you're looking for a vacation home, an investment opportunity, or both, this is a rare opportunity to own a turnkey residence in one of Miami's fastest-growing neighborhoods. Don't miss your chance to own a condo in one of Downtown Miami's premier luxury buildings. Schedule your private showing today!

Location

Details

Type:
Residential
Parking:
Valet
Year Built:
2022
Lot:
No Data
Heating:
None
Price/sqft:
$1,411
Cooling:
Electric
HOA:
$1,756

Valuation

Our model vs. what's actually selling nearby.
Estimate
$560,000
$400K – $864K
Confidence Low
List vs. estimate
$230K above estimate
List $790,000 · +41.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,410
+151.2% vs. city median $561
Based on
204 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $642K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$12,578
2025
HOA
$1,756/qtr
View
Bay
Furnished
Furnished
Pets
More Than 20 Lbs
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • None

    Cooling

    • Electric

    Appliances

    • Dishwasher

    • Dryer

    • Electric Water Heater

    • Microwave

    • Other Equipment/Appliances

    • Refrigerator

    • Washer

    Other interior features

    • Lobby

    • First Floor Entry

    • Closet Cabinetry

    • Cooking Island

    • Elevator

    • Fire Sprinklers

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • Valet

    Property

    • Exterior Features: Open Balcony

    Other Property Information

    • Parcel Number: 01-41-37-078-4790

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,756

    • HOA Frequency: Quarterly

    • Annual tax amount: $12,578

  • Source details

    • MLS ID: A12061775

    Other facts

    • Laundry Features: Washer/Dryer Hook-Up

    • Patio And Porch Features: Open Balcony

    • Direction Faces: Southeast

    • Architectural Style: High Rise

    • Living Area: 560

    • Subdivision Name: Elser Residences

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.
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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: MRI Realty Group