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398 NE 5th St # 2007, Miami FL 33132

Condo/Co-op For Sale
$539,000

BTC: 6.36965256

ETH: 203.39622642

-$111K (2026/09/21)
78 days
1 ba
442 sqft

Overview

NEW PRICE — Turnkey investment opportunity at The Elser with documented rental history and immediate participation in the building’s established hotel rental program. Unit 2007 is a fully furnished 442 SF hotel unit offering Kaseya Center skyline and partial Biscayne Bay views, a king-size bed, sofa bed, full kitchen, in-unit washer/dryer and secure keyless entry. Unlike purchasing new construction and waiting for completion, this is a completed 2022 property with an operating rental program and actual rental history available for buyer review. The unit is currently enrolled in The Elser’s professionally managed short-term rental program, offering flexible daily, weekly and long-term rentals together with personal-use flexibility. Amenities include a wraparound pool deck, bar and restaurant, two-story fitness center, 24/7 concierge, valet parking and Beach Club access. Ideally located in Downtown Miami near Kaseya Center, Bayside Marketplace, Brightline and Biscayne Bay.

Location

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

Details

Type:
Residential
Parking:
Valet
Year Built:
2022
Lot:
No Data
Heating:
Central
Price/sqft:
$1,219
Cooling:
Central Air
HOA:
$600

Valuation

Our model vs. what's actually selling nearby.
Estimate
$465,000
$379K – $603K
Confidence Low
List vs. estimate
$74K above estimate
List $539,000 · +15.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,219
+113.9% vs. city median $570
Based on
239 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $12.6M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$9,430
2025
HOA
$600/mo
View
Bay
Garage
1 car garage
All facts and features

  • Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Electric Range

    • Microwave

    • Washer

    Other interior features

    • First Floor Entry

    • Built-in Features

    • Closet Cabinetry

    • Fire Sprinklers

    Bedrooms and bathrooms

    • Full bathrooms: 1

  • Parking

    • Valet

    Property

    • Exterior Features: Open Balcony

    Other Property Information

    • Parcel Number: 01-41-37-078-2110

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Green energy

    • Appliances

    • Construction

    • HVAC

    • Lighting

    • Thermostat

  • Other financial information

    • HOA: $600

    • HOA Frequency: Monthly

    • Annual tax amount: $9,430

  • Source details

    • MLS ID: A12055966

    Other facts

    • Construction Materials: CBS Construction

    • Patio And Porch Features: Open Balcony

    • Window Features: Clear Impact Glass / Blinds / High Impact Windows / Thermal Windows

    • Architectural Style: High Rise

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 442

    • 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
866
median $618K
Active
Same city
Miami
12,641
median $639K
Active
Same type
Condo/Co-op
6,678
median $499K
Active
Similar price
$377K – $700K
4,128
median $534K
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: EXP Realty LLC