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398 NE 5th St # 2116, Miami FL 33132

Condo/Co-op For Sale
$599,000

BTC: 9.14503817

ETH: 332.77777778

108 days
Waterfront
1 ba
362 sqft

Overview

Prime investment opportunity at The Elser Hotel & Residences in the heart of Downtown Miami. Luxury condo with no rental restrictions, allowing daily, weekly, and short-term rentals—ideal for investors seeking strong income potential in Miami’s high-demand short-term rental market. Turnkey, fully finished and furnished residences with floor-to-ceiling glass and private balconies offering sweeping city and bay views. Owners may participate in a professionally managed onsite rental program for seamless operations and optimized returns. Resort-style amenities include a panoramic bayfront pool deck, multi-level fitness center, coworking spaces, lounges, café, and concierge services. Unbeatable walkable location steps from Bayside Marketplace, Bayfront Park, Kaseya Center, dining, nightlife, Brightline and major transit. A rare chance to own a flexible-use, income-producing asset in one of Miami’s most dynamic urban cores.

Location

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

Details

Type:
Residential
Parking:
Valet / No Rv/Boats / No Trucks/Trailers
Year Built:
2022
Lot:
No Data
Heating:
Central
Price/sqft:
$1,655
Cooling:
Central Air
HOA:
$557

Valuation

Our model vs. what's actually selling nearby.
Estimate
$469,250
$389K – $648K
Confidence Low
List vs. estimate
$129K above estimate
List $599,000 · +27.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,654
+191.6% 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
$9,386
2025
HOA
$557/mo
View
Bay
Waterfront
Yes
Furnished
Furnished
Pets
Restrictions Or Possible Restrictions
All facts and features

  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Microwave

    • Electric Range

    • Refrigerator

    • Washer

    Other interior features

    • Built-in Features

    • Closet Cabinetry

    • Vaulted Ceiling(s)

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Full bathrooms: 1

  • Parking

    • Valet

    • No Rv/Boats

    • No Trucks/Trailers

    Property

    • Exterior Features: Open Balcony

    Other Property Information

    • Parcel Number: 01-41-37-078-5180

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $557

    • HOA Frequency: Monthly

    • Annual tax amount: $9,386

  • Source details

    • MLS ID: A11963081

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Patio And Porch Features: Open Balcony

    • Window Features: High Impact Windows

    • 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
$419K – $778K
3,858
median $578K
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: United Realty Group Inc