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$635,000

  • For Sale
  • Active
  • Condo
  • 1 Full Bath
  • 362 Sq. Ft.
See This Home
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Experience the ultimate in flexibility and income potential with this stunning studio unit. Whether you choose to live in it, lease it annually, or capitalize on the lucrative short-term rental market through platforms like Airbnb, VRBO, or Expedia, this property offers endless possibilities. The unit is exactly as depicted in the photos, featuring breathtaking views and exceptional design. Currently managed by YourHome Hospitality LLC, a premier vacation rental management company, all the details are expertly handled for you. This property is a prime income-generating opportunity, complete with top-tier amenities, including a state-of-the-art gym, pool, bar, restaurants, 24/7 front desk service, and more.

Full Property Details for 398 NE 5th St #2516

General

  • Price: $635,000
  • HOA FEE: $470/month
  • Taxes: $9,726 (2024)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11757786
  • Updated: 3/6/2025
  • Added to Site: 319 day(s) ago

Interior

  • Interior Features: Elevator
  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Bedroom Features: Other

Additional Information

  • Shared Amenities: Elevator(s), Exercise Room, Exterior Lighting, Heated Pool, Pool, Trash Chute
  • Maint. Includes: Cable Tv, Elevator, Internet/WiFi, Parking, Pool Service, Security, Sewer, Trash Removal, Water
  • Security/Safety: Fire Alarm, Elevator Secure, TV Camera
  • Equipment: Elevator

Exterior

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

Parking

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

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
  • Pets Allowed: Yes

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: Detached
  • Doors: High Impact Doors
  • Entry Floor Number: 25
  • Building Size: 362
  • Square Feet: 362
  • Living Area: 362 Sq. Ft.
  • Year Built: 2022

Lot Features

  • Property View: Bay, Other View, Skyline

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $1,754.14
  • Association Fee: $470
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $9,726
  • Tax Year: 2024
  • Terms: All Cash, Conventional, FHA

Disclosures and Reports

  • Legal Description: 398 NE 5TH STREET CONDO UNIT 2516 UNDIV 0.0917% INT IN COMMON ELEMENTS OFF REC 33416-1520
  • Restrictions: Daily Rentals Allowed, No Restrictions
  • Property ID: 01-41-37-078-5220

Listed by Sigma Real Estate & Investment

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Listing agent

— 398 NE 5th St #2516 —

  • Sigma Real Estate & Investment

rfayad@riadfayad.com

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 #2516

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 #2516 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/05/2025
Listed
$635,000
8.55%
MLS
4/04/2023
Sold
$585,000
—
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 #2516

Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,434
—
$485,500
—
2023
$9,481
—
$485,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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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 Sigma Real Estate & Investment

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398 NE 5th St #2516, Miami, FL 33132 (MLS# A11757786) is a Condo property with 0 bedrooms and 1 full bathroom. 398 NE 5th St #2516 is currently listed for $635,000 and was received on March 05, 2025. Want to learn more about 398 NE 5th St #2516? Do you have questions about finding other Condo real estate for sale in Downtown? You can browse all Downtown real estate or contact a Coldwell Banker agent to request more information.

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