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$790,000

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 560 Sq. Ft.
See This Home
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Explore this fully furnished 1-bedroom, 1-bathroom residence, ideal for short-term rentals in one of Miami's top locations. Unit 1615 at The Elser spans 560 sq ft, offering breathtaking city and bay views and unmatched convenience. This unit is fully furnished equipped, and ready to rent or enjoy. It's situated right across from Miami's key shopping destinations, the cruise terminal, and the entertainment arena. Its prime location in the heart of Downtown Miami makes this a compelling investment for anyone looking to tap into the city's dynamic lifestyle. With short-term rentals permitted, this unit is a ready-to-go option for generating rental income in Miami's most desirable area. Contact us to schedule your viewing today!

Full Property Details for 398 NE 5th St #1615

General

  • Price: $790,000
  • HOA FEE: $585/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $12,578 (2024)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11883123
  • Updated: 10/9/2025
  • Added to Site: 117 day(s) ago

Interior

  • Interior Features: Lobby, First Floor Entry, Closet Cabinetry, Cooking Island, Elevator, Fire Sprinklers
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Other Equipment/Appliances, Refrigerator, Washer
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Ceramic Floor

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1
  • Bedroom Features: Entry Level

Other Rooms

  • Laundry: Washer/Dryer Hook-Up

Additional Information

  • Shared Amenities: Bar, Barbecue, Business Center, Exercise Room, Pool
  • Maint. Includes: All Amenities, Building Exterior, Cable Tv, Common Area, Internet/WiFi, Landscaping/Lawn Maintenance, Parking, Pool Service, Recreation Facilities
  • Security/Safety: Fire Sprinklers, Smoke Detector, Doorman, Elevator Secure, Card Entry, Fire Alarm, Secured Garage/Parking, Guard At Site, Intercom In Lobby, Lobby Secured, TV Camera

Exterior

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

Parking

  • Parking Features: Valet

Location

  • Area: Elser Residences
  • County: Miami-Dade County
  • Subdivision: Elser Residences
  • Building Name: Elser Residences
  • Direction Faces: Southeast

Community

  • Community Name: Elser Residences
  • Association: Yes
  • Units Assoc/Comm: 704
  • Pets Allowed: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Electric
  • Heating Type: None

Structural Information

  • Architectural Style: High Rise
  • Structure Type: Condo-Hotel, Condo
  • Detached/Attached: Attached
  • Entry Floor Number: 16
  • Building Size: 560
  • Square Feet: 560
  • Living Area: 560 Sq. Ft.
  • Year Built: 2022
  • Property Condition: New Construction

Unit Information

  • Units in Complex: 704

Lot Features

  • Property View: Bay

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $1,410.71
  • Association Fee: $1,756
  • Assoc Fee Freq.: Quarterly
  • Tax Amount: $12,578
  • Tax Year: 2024
  • Terms: All Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Ownership: Corporation
  • Legal Description: 398 NE 5TH STREET CONDO UNIT 1615 UNDIV 0.1418% INT IN COMMON ELEMENTS OFF REC 33416-1520
  • Restrictions: Daily Rentals Allowed
  • Property ID: 01-41-37-078-4790

Listed by MRI Realty Group

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Listing agents

— 398 NE 5th St #1615 —

  • MRI Realty Group

  • MRI Realty Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 398 NE 5th St #1615

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 #1615 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/22/2025
Listed
$790,000
2.33%
MLS
6/07/2023
Sold
$772,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 398 NE 5th St #1615

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,447
-3%
$654,000
—
2023
$12,772
—
$654,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 398 NE 5th St #1615

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by MRI Realty Group

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398 NE 5th St #1615, Miami, FL 33132 (MLS# A11883123) is a Condo property with 1 bedroom and 1 full bathroom. 398 NE 5th St #1615 is currently listed for $790,000 and was received on September 22, 2025. Want to learn more about 398 NE 5th St #1615? 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.

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