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398 NE 5th St # 3714, Miami FL 33132

Condo/Co-op For Sale
$695,000

BTC: 10.61068702

ETH: 386.11111111

-$50K (2026/04/10)
273 days
Waterfront
1 bds
2 ba
665 sqft

Overview

Largest Bayfront 1-bedroom layout in the building (665 SF), a rare opportunity at The Elser Hotel & Residences.?The spacious layout and rare second full bathroom add rental flexibility compared to most 1-bedrooms in the building, making it suitable for both short-term and long-term rentals. Approved for daily rentals with flexible management. Priced significantly below recent ’14 line sales and current inventory, presenting a strong value opportunity for buyers looking to scale, flexibility, and long-term upside. Enjoy stunning bay views and full access to resort-style amenities including rooftop pool with restaurant & bar, hot tub, 2-story fitness center, business center, and ViceVersa, the award-winning lobby bar & restaurant. Located in the heart of Downtown Miami, steps from Kaseya Center, Port of Miami, and top dining, arts, and nightlife. Positioned within a multi-billion dollar transformation of Downtown Miami, supporting long-term growth and demand.

Location

Details

Type:
Residential
Parking:
1 Space
Year Built:
2022
Lot:
No Data
Heating:
Central
Price/sqft:
$1,045
Cooling:
Central Air
HOA:
$897

Valuation

Our model vs. what's actually selling nearby.
Estimate
$595,000
$449K – $937K
Confidence Low
List vs. estimate
$100K above estimate
List $695,000 · +16.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,045
+84.2% vs. city median $567
Based on
167 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
$16,309
2024
HOA
$897/mo
Pool
Private
View
Bay, Ocean View
Waterfront
Ocean Front
Garage
1 car garage
Furnished
Furnished
Pets
Restrictions Or Possible Restrictions
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Ice Maker

    • Microwave

    • Electric Range

    • Refrigerator

    • Self Cleaning Oven

    • Washer

    Other interior features

    • First Floor Entry

    • Built-in Features

    • Closet Cabinetry

    • Fire Sprinklers

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 2

  • Parking

    • 1 Space

    Property

    • Levels: 1

    • Pool Private: Yes

    • Exterior Features: Open Balcony

    Other Property Information

    • Parcel Number: 01-41-37-078-4660

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Green energy

    • Appliances

    • Doors

    • HVAC

    • Insulation

    • Lighting

    • Windows

  • Other financial information

    • HOA: $897

    • HOA Frequency: Monthly

    • Annual tax amount: $16,309

  • Source details

    • MLS ID: A11864160

    Other facts

    • Construction Materials: Concrete Block Construction

    • Patio And Porch Features: Open Balcony / Patio

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

    • Architectural Style: High Rise

    • Waterfront: Yes

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 665

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

Private inquiry
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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: Rivó Real Estate