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$790,000

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 560 Sq. Ft.
  • Updated 9 days ago
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Experience the ultimate blend of luxury, flexibility, and investment potential at The Elser Hotel & Residences in the heart of Downtown Miami. This beautifully furnished 1-bedroom, 1-bathroom residence offers a thoughtfully designed living space with spectacular city and Biscayne Bay views. Delivered fully furnished and turnkey, the residence is ready for immediate personal enjoyment or income generation from day one. Perfectly positioned directly across from Bayside Marketplace, Bayfront Park, Kaseya Center, and PortMiami, you'll be at the center of Miami's most vibrant entertainment, dining, shopping, and tourism district. With short-term rentals permitted, this residence presents an exceptional opportunity for investors seeking strong rental demand and maximum flexibility. Residents enjoy world-class amenities, resort-style services, and one of the most sought-after addresses for both visitors and owners. Whether you're looking for a vacation home, an investment opportunity, or both, this is a rare opportunity to own a turnkey residence in one of Miami's fastest-growing neighborhoods. Don't miss your chance to own a condo in one of Downtown Miami's premier luxury buildings. Schedule your private showing 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 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A12061775
  • Updated: 8/11/2026
  • Added to Site: 22 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: 2025
  • Terms: All Cash, Conventional

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 ATTOM Data Solutions 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
7/29/2026
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
—
$523,200
-20%
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

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Listed by MRI Realty Group

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398 NE 5th St #1615, Miami, FL 33132 (MLS# A12061775) 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 July 29, 2026. 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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