Sell Your Home
Get a free home valuation
Contact
Tell us about your needs

398 NE 5th St # 2007, Miami FL 33132

Condo/Co-op For Sale
$579,000

BTC: 7.40267212

ETH: 228.80853586

-$71K (2026/08/02)
55 days
1 ba
442 sqft

Overview

Turnkey Investment Opportunity at The Elser Hotel & Residences — Unit 2007 Fully furnished, turnkey studio residence at The Elser, ideally positioned with sweeping views of the Kaseya Center skyline and partial Biscayne Bay water views. This designer-finished unit features a king-size bed, sofa bed, full kitchen, in-unit washer/dryer, and secure keyless entry — ready to generate income from day one. Enrolled in The Elser's professionally managed short-term rental program with a proven, documented income history, this is a rare opportunity to own real, verified cash flow rather than a projection. Investor-friendly building with flexible daily, weekly, and long-term rental permissions. Residents and guests enjoy resort-caliber amenities including a wraparound rooftop pool with bar and restaurant, two-story fitness center, 24/7 concierge, valet parking, and Beach Club access. Unbeatable Downtown Miami location steps from Kaseya Center, Bayside Marketplace, the Brightline station, and Biscayne Bay, bringing global demand to Downtown Miami's short-term rental market. Whether for personal use, a pied-à-terre, or a high-performing investment asset, Unit 2007 offers a rare blend of location, view, and income potential in one of Miami's most in-demand condo-hotel addresses.

Location

Details

Type:
Residential
Parking:
Valet
Year Built:
2022
Lot:
No Data
Heating:
Central
Price/sqft:
$1,310
Cooling:
Central Air
HOA:
$600

Valuation

Our model vs. what's actually selling nearby.
Estimate
$460,000
$379K – $619K
Confidence Low
List vs. estimate
$119K above estimate
List $579,000 · +25.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,309
+130.6% vs. city median $568
Based on
227 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $555K
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.

More like this

For Sale
$490,000
Condo/Co-op
2 bds · 2 ba · 980 sqft
CASSA BRICKELL CONDO, Miami
201 SW 17th Rd # 302, Miami FL 33129
New
For Sale
$445,000
Condo/Co-op
1 bds · 1 ba · 1,064 sqft
BRICKELL PLACE CONDO, Miami
1901 Brickell Ave # B1702, Miami FL 33129
New
For Sale
$599,000
Condo/Co-op
1 bds · 1 ba · 608 sqft
DISTRICT 225, Miami
225 N MIAMI Avenue # 2207, Miami FL 33128
New
For Sale
$580,000
Condo/Co-op
2 bds · 2 ba · 1,190 sqft
MIDBLOCK MIAMI CONDO, Miami
3250 NE 1st Ave # 616, Miami FL 33137
New
For Sale
$559,000
Condo/Co-op
2 bds · 2 ba · 1,229 sqft
Brickell Key One, Miami
520 Brickell Key Dr # A1902, Miami FL 33131
New
For Sale
$538,000
Condo/Co-op
1 bds · 1 ba · 850 sqft
NEW WAVE CONDO, Miami
725 NE 22nd St # 8E, Miami FL 33137
New
For Sale
$430,000
House
2 bds · 1 ba · 1,180 sqft
SANTA CLARA SUB, Miami
2834 NW 11th Ave, Miami FL 33127
New
For Sale
$429,900
Penthouse
2 bds · 2 ba · 1,087 sqft
1800 BISCAYNE PLAZA CONDO, Miami
275 NE 18th St # 10, Miami FL 33132

Market around this address

Live counts in the same area.
View all

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