Condominium
398 NE 5th St # 2007
398 NE 5th St # 2007, Miami FL 33132 Get directions
$539,000
0 Beds · 1 Bath · 442 SqFt
See estimated monthly costThis listing is courtesy of EXP Realty LLC. Alvaro Del Busto
Overview
NEW PRICE — Turnkey investment opportunity at The Elser with documented rental history and immediate participation in the building’s established hotel rental program. Unit 2007 is a fully furnished 442 SF hotel unit offering Kaseya Center skyline and partial Biscayne Bay views, a king-size bed, sofa bed, full kitchen, in-unit washer/dryer and secure keyless entry. Unlike purchasing new construction and waiting for completion, this is a completed 2022 property with an operating rental program and actual rental history available for buyer review. The unit is currently enrolled in The Elser’s professionally managed short-term rental program, offering flexible daily, weekly and long-term rentals together with personal-use flexibility. Amenities include a wraparound pool deck, bar and restaurant, two-story fitness center, 24/7 concierge, valet parking and Beach Club access. Ideally located in Downtown Miami near Kaseya Center, Bayside Marketplace, Brightline and Biscayne Bay.
Facts & features
Interior
- Living area (sq ft)
- 442
- Full bathrooms
- 1
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Fire Sprinklers
Building & exterior
- Year built
- 2022
- Garage spaces
- 1
- Covered spaces
- 1
- Bay
- Open Balcony
- Valet
HOA (homeowners association)
- Association fee
- $600 per month
- Pets allowed
- Yes
- Bar
- Barbecue
- Business Center
- Child Play Area
- Clubhouse-Clubroom
- Elevator(s)
- Exercise Room
- Heated Pool
- Pool
- Private Beach Pavilion
- Sauna
- Spa/Hot Tub
- Daily Rentals Allowed
- Ok To Lease
- See Broker Remarks
Taxes
- Annual tax
- $9,430
- Tax year
- 2025
- Parcel number
- 01-41-37-078-2110
Listing
- MLS number
- A12055966
- Property type
- Condominium
- Price per SqFt
- $1,219
- Subdivision
- MAP OF MIAMI DADE CO. FL.
- On market since
- Jul 20, 2026
- Days on market
- 63
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Jul 20, 2026 | Listed | $650,000 | — |
| Sep 21, 2026 | Price change | $539,000 | −$40,000 (−6.9%) |
Milestones recorded on this listing. Not a complete MLS price history.
Estimated monthly cost
$4,516 per month
- Principal & interest (30 yr)
- $2,725
- Property tax
- $786
- Insurance (estimated)
- $404
- Association fee
- $600
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- New World School of the Arts
- School For Advanced Studies Wolfson
- Law Enforcement Officers Memorial Senior High
- Downtown Miami Charter School
- School Board Adm - Main Building
- Anna Brenner Meyers Telecommunication Complex
- K-12 Distance Learning
- iPrep Academy
- Primary Learning Center
- Miami-Dade Online Academy
- Key Point Academy Downtown
- School Board Adm -Garage
- The Learning World Academy in Downtown
- KLA Schools of Brickell
- RJW The Academy of Arts Sciences
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Comparables in this building
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