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398 NE 5th St # 4316, Miami FL 33132

Condo/Co-op For Sale
$699,900

BTC: 11.68447412

ETH: 424.18181818

New
Waterfront
1 ba
362 sqft

Overview

Luxury & Investment Opportunity at The Elser! Experience the best of Miami living while maximizing your investment potential. This fully furnished luxury residence offers breathtaking views of Biscayne Bay and the Downtown Miami skyline, making it the perfect choice for personal enjoyment, a vacation home, or a high-income-producing asset. Designed with modern elegance, the unit features an open-concept layout, premium finishes, a king-size bed, sofa bed, fully equipped kitchen, in-unit washer and dryer, flat-screen TV, and secure keyless entry. Enjoy world-class amenities, including a spectacular rooftop pool with panoramic views, bar and restaurant service, a two-story fitness center, jacuzzi, 24/7 concierge, valet parking, and exclusive Beach Club access. Ideally located in the heart of Downtown Miami, just steps from Kaseya Center, Bayside Marketplace, Miami Worldcenter, Brightline Station, Brickell, top restaurants, shopping, nightlife, and major attractions. The Elser is one of Miami’s most sought-after buildings for short-term rentals, offering exceptional flexibility and strong income potential in a high-demand market. Whether you're looking for a luxury lifestyle, a second home, or an investment with attractive ROI, this property checks every box. Don't miss this rare opportunity to own a premier residence in one of Miami's fastest-growing and most desirable locations!

Location

Details

Type:
Residential
Parking:
Valet / No Rv/Boats / No Trucks/Trailers
Year Built:
2022
Lot:
No Data
Heating:
Central
Price/sqft:
$1,933
Cooling:
Central Air
HOA:
$500

Valuation

Our model vs. what's actually selling nearby.
Estimate
$469,000
$389K – $649K
Confidence Low
List vs. estimate
$230K above estimate
List $699,900 · +49.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,933
+245.4% vs. city median $559
Based on
135 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $494K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,267
2024
HOA
$500/mo
View
Bay, Intracoastal View
Waterfront
Intracoastal Front, Ocean Front
Furnished
Furnished
All facts and features
  • Flooring

    • Vinyl

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Electric Water Heater

    • Ice Maker

    • Microwave

    • Refrigerator

    • Self Cleaning Oven

    • Trash Compactor

    • Washer

    Other interior features

    • Built-in Features

    • Closet Cabinetry

    • Elevator

    • Entrance Foyer

    • Vaulted Ceiling(s)

    Bedrooms and bathrooms

    • Full bathrooms: 1

  • Parking

    • Valet

    • No Rv/Boats

    • No Trucks/Trailers

    Property

    • Exterior Features: None / Open Balcony

    Other Property Information

    • Parcel Number: 01-41-37-078-5400

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $500

    • HOA Frequency: Monthly

    • Annual tax amount: $10,267

  • Source details

    • MLS ID: A12042862

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Patio And Porch Features: Open Balcony

    • Window Features: Blinds / High Impact Windows

    • Waterfront: Yes

    • Living Area: 362

    • Subdivision Name: The Elser

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: Potential Property Group