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$539,000

  • For Sale
  • Active
  • Condo
  • 1 Full Bath
  • 442 Sq. Ft.
  • Updated 13 days ago
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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.

Full Property Details for 398 NE 5th St #2007

General

  • Price: $539,000
  • HOA FEE: $600/month
  • Taxes: $9,430 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A12055966
  • Updated: 9/21/2026
  • Added to Site: 77 day(s) ago

Interior

  • Interior Features: First Floor Entry, Built-in Features, Closet Cabinetry, Fire Sprinklers
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Washer

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Bedroom Features: Entry Level

Other Rooms

  • Dining Room: Dining/Living Room

Additional Information

  • Shared Amenities: Bar, Barbecue, Business Center, Child Play Area, Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Pool, Private Beach Pavilion, Sauna, Spa/Hot Tub
  • Maint. Includes: All Amenities, Building Exterior, Common Area, Elevator, Internet/WiFi, Landscaping/Lawn Maintenance, Manager, Pool Service, Recreation Facilities, Reserve Fund, Roof Repairs, Security, Sewer, Trash Removal, Water
  • Security/Safety: Fire Sprinklers, Fire Alarm, Doorman, Elevator Secure, Secured Garage/Parking, Guard At Site, Lobby Secured, Security Patrol

Exterior

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

Parking

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

Location

  • Area: Map Of Miami Dade Co. Fl.
  • County: Miami-Dade County
  • Subdivision: MAP OF MIAMI DADE CO. FL.
  • Building Name: The Elser

Community

  • Community Name: Map Of Miami Dade Co. Fl.
  • Association: Yes
  • Units Assoc/Comm: 646

Heating & Cooling

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

Structural Information

  • Architectural Style: High Rise
  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Construction: CBS Construction
  • Windows: Clear Impact Glass, Blinds, High Impact Windows, Thermal Windows
  • Doors: High Impact Doors
  • Entry Floor Number: 20
  • Building Size: 442
  • Square Feet: 442
  • Living Area: 442 Sq. Ft.
  • Year Built: 2022
  • Property Condition: New Construction

Unit Information

  • Units in Complex: 646

Lot Features

  • Property View: Bay

Water Features

  • Water View: Yes

Green Features

  • Energy Efficient: Appliances, Construction, HVAC, Lighting, Thermostat

Financial Considerations

  • Price Per Sq. Ft.: $1,219.46
  • Association Fee: $600
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $9,430
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: 398 NE 5TH STREET CONDO UNIT 2007 UNDIV 0.1119% INT IN COMMON ELEMENTS OFF REC 33416-1520
  • Restrictions: Daily Rentals Allowed, Ok To Lease, See Broker Remarks
  • Property ID: 01-41-37-078-2110

Listed by EXP Realty LLC

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Listing agent

— 398 NE 5th St #2007 —

  • EXP Realty LLC

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 #2007

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 #2007 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/21/2026
Price Reduced
$539,000
-6.91%
MLS
8/02/2026
Price Reduced
$579,000
-10.92%
MLS
7/20/2026
Listed
$650,000
13.04%
MLS
3/12/2025
Sold
$575,000
—
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 #2007

Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,690
—
$459,897
-16%
2024
$10,690
-2%
$550,116
-2%
2023
$10,940
—
$560,200
—
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 #2007

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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 EXP Realty LLC

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398 NE 5th St #2007, Miami, FL 33132 (MLS# A12055966) is a Condo property with 0 bedrooms and 1 full bathroom. 398 NE 5th St #2007 is currently listed for $539,000 and was received on July 20, 2026. Want to learn more about 398 NE 5th St #2007? 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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