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$425,000

  • Sold
  • Closed
  • Condo
  • 1 Full Bath
  • 362 Sq. Ft.
  • Updated 4 days ago
See This Home
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See This Home
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Lowest price, turnkey studio with water and skyline views at Downtown Miami's premier condo-hotel, The Elser Hotel & Residences. Fully furnished with smart access, floor-to-ceiling windows, and designer finishes. Prime location steps from Bayfront Park, Kaseya Center, Bayside, and Miami Worldcenter. Enjoy resort-style amenities: rooftop pool with massive LED screen, full gym, spa, lounge, bar, and 24/7 concierge. Flexible short-term rental use allowed through In-House and approved management companies. Ideal for personal use and income generation when not in residence.

Full Property Details for 398 NE 5th St #1516

General

  • Sold For: $425,000
  • HOA FEE: $557/month
  • Taxes: $9,444 (2024)
  • Status: Closed
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11763592
  • Added to Site: 303 day(s) ago

Interior

  • Interior Features: Built-in Features, Closet Cabinetry, Elevator
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Furnishings: Furnished, Turn Key Furnished
  • Flooring: Ceramic Floor

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Primary Bathroom: Shower Only

Bedrooms

  • Bedroom Features: Entry Level, Primary Bath Shower, Studio

Additional Information

  • Shared Amenities: Bar, Barbecue, Business Center, Clubhouse-Clubroom, Elevator(s), Exercise Room, Exterior Lighting, Heated Pool, Pool
  • Maint. Includes: All Amenities, Building Exterior, Cable Tv, Common Area, Elevator, Internet/WiFi, Outside Maintenance, Parking, Pool Service, Security, Sewer, Trash Removal, Water
  • Security/Safety: Smoke Detector, Doorman

Exterior

  • Exterior Features: Open Balcony
  • Deck/Patio: Open Balcony

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Parking Features: Valet

Location

  • Area: Elser Hotel & Residences
  • County: Miami-Dade County
  • Subdivision: Elser Hotel & Residences, The Elser
  • Building Name: Elser Hotel & Residences
  • Driving Directions: From 395 east exit at NE 2nd Ave. Go right to NE 5th St and go left. Building is on the corner of NE 5th & Biscayne Blvd.

Community

  • Community Name: Elser Hotel & Residences
  • Association: Yes
  • Units Assoc/Comm: 646
  • Pets Allowed: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Central, Electric

Structural Information

  • Architectural Style: High Rise
  • Structure Type: Condo-Hotel, Condo
  • Detached/Attached: Attached
  • Construction: CBS Construction
  • Windows: Complete Impact Glass, High Impact Windows
  • Doors: High Impact Doors
  • Entry Floor Number: 15
  • Building Size: 362
  • Square Feet: 362
  • Living Area: 362 Sq. Ft.
  • Year Built: 2022

Unit Information

  • Units in Complex: 646

Lot Features

  • Property View: Ocean View, Skyline, Water View
  • Potential Use: Investment

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $1,174.03
  • Association Fee: $557
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $9,444
  • Tax Year: 2024
  • Terms: All Cash, Owner Will Carry

Disclosures and Reports

  • Legal Description: 398 NE 5TH STREET CONDO UNIT 1516 UNDIV 0.0917% INT IN COMMON ELEMENTS OFF REC 33416-1520
  • Restrictions: Corporate Buyer OK, Daily Rentals Allowed, No Restrictions
  • Property ID: 01-41-37-078-5120

Listed by Real Broker LLC
Sold by Fortune Christie's International Real Estate and London Foster Realty

Listing agents

— 398 NE 5th St #1516 —

  • Real Broker LLC

  • Real Broker LLC

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 398 NE 5th St #1516

School District:Dade County School District
NameGradesDistance
Frederick R. Douglass Elementary School
314 Northwest 12th Street, Miami, FL 33136
PK-50.9 mi
Jose De Diego Middle School
3100 Northwest 5th Avenue, Miami, FL 33127
6-82.1 mi
Booker T. Washington Senior High School
1200 Northwest 6th Avenue, Miami, FL 33136
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 398 NE 5th St #1516

Date
Details
Price
Change
Source
10/22/2025
Sold
$425,000
-0.93%
MLS
10/09/2025
Price Reduced
$429,000
-4.67%
MLS
7/30/2025
Price Reduced
$450,000
-5.26%
MLS
6/11/2025
Price Reduced
$475,000
-4.81%
MLS
5/22/2025
Price Reduced
$499,000
-3.85%
MLS
4/09/2025
Price Reduced
$519,000
-4.77%
MLS
3/20/2025
Listed
$545,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Real Broker LLC
Sold by Fortune Christie's International Real Estate and London Foster Realty

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398 NE 5th St #1516, Miami, FL 33132 (MLS# A11763592) is a Condo property that was sold at $425,000 on October 22, 2025. Want to learn more about 398 NE 5th St #1516? Do you have questions about finding other Condo real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.