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398 NE 5th St # 3509, Miami FL 33132

House For Sale
$1,700,000

BTC: 21.30325815

ETH: 732.75862069

New
2 bds
2 ba
983 sqft

Overview

Unparalleled Luxury & High-Yield Potential at The Elser Hotel & Residences! Experience ultimate elevated living in this pristine 35th-floor corner residence featuring 2 Bedrooms and 2 Full Bathrooms across 983 sq ft of smartly designed space. Built in 2022, this modern turn-key condo delivers breathtaking skyline views, premium finishes, and floor-to-ceiling windows flooded with natural light. Perfectly positioned in the heart of Downtown Miami—just steps from Bayside Marketplace, Kaseya Center, and world-class dining—this unit offers unrestricted short-term rental capabilities (Airbnb/VRBO approved), making it a dream opportunity for both savvy investors looking for maximum ROI and buyers seeking a luxurious urban retreat. Building amenities include a resort-style pool deck with skyline views, 24/7 fitness center, concierge, sky lounge, and full-service hospitality management. Located in Flood Zone X. Don't miss this rare high-floor unit in one of Miami's most coveted destinations—schedule your private tour today!

Location

Florida • Miami • 33132 • House • For Sale

Details

Type:
Residential
Parking:
1 Space
Year Built:
2022
Lot:
No Data
Heating:
Central
Price/sqft:
$1,729
Cooling:
Central Air
HOA:
$1,511

Valuation

Our model vs. what's actually selling nearby.
Estimate
$817,000
$452K – $1.5M
Confidence Low
List vs. estimate
$883K above estimate
List $1,700,000 · +108.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,729
+277.8% vs. city median $457
Based on
8 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
$27,838
2025
HOA
$1,511/mo
View
Ocean View, Skyline
Garage
1 car garage
All facts and features

  • Flooring

    • Ceramic Floor

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • 1 Space

    Property

    • Exterior Features: None

    Other Property Information

    • Parcel Number: 01-41-37-078-2940

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Stock Cooperative

  • Other financial information

    • HOA: $1,511

    • HOA Frequency: Monthly

    • Annual tax amount: $27,838

  • Source details

    • MLS ID: A12110661

    Other facts

    • Construction Materials: Concrete Block Construction

    • Architectural Style: Corner Unit

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 983

    • 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
448
median $635K
Active
Same city
Miami
6,441
median $649K
Active
Same type
House
1,936
median $795K
Active
Similar price
$1.2M – $2.2M
797
median $1.5M
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