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$699,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 442 Sq. Ft.
  • Updated 16 hours ago
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TURNKEY INVESTMENT OPPORTUNITY! Exceptional 1BR/1BA at The Elser Hotel & Residences in the heart of Downtown Miami. Fully furnished and turnkey, featuring floor-to-ceiling glass, private balcony and breathtaking Downtown Miami & Biscayne Bay views. Short-term rentals permitted, offering exceptional flexibility and strong income potential in one of Miami's most sought-after rental markets. Owners may participate in the professionally managed onsite rental program for seamless, hands-off operation. Enjoy resort-style amenities including a spectacular bayfront pool deck, multi-level fitness center, coworking spaces, lounges, café and concierge services. Prime walkable location just steps from Bayside Marketplace, Bayfront Park, Kaseya Center, restaurants, nightlife, Brightline and major transportation. Perfect for investors, second-home buyers or those seeking a flexible Miami lifestyle. Own it, use it, rent it.

Full Property Details for 398 NE 5th St #2805

General

  • Price: $699,000
  • HOA FEE: $680/month
  • Taxes: $10,703 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A12103466
  • Updated: 10/9/2026
  • Added to Site: 4 day(s) ago

Interior

  • Interior Features: First Floor Entry, Bar, Elevator
  • Appliances: Dishwasher, Disposal, Dryer
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Ceramic Floor

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1
  • Bedroom Features: Other

Other Rooms

  • Eat-in kitchen: Yes
  • Dining Room: Breakfast Area, Dining/Living Room, Eat-In Kitchen

Additional Information

  • Shared Amenities: Bar, Business Center, Cabana, Elevator(s), Exercise Room, Spa/Hot Tub
  • Maint. Includes: All Amenities, Cable Tv, Elevator
  • Security/Safety: Doorman, Elevator Secure, Fire Alarm, Grillwork

Exterior

  • Exterior Features: Other

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 Residances

Community

  • Community Name: Map Of Miami Dade Co. Fl.
  • Association: Yes

Heating & Cooling

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

Structural Information

  • Structure Type: Condo-Hotel, Condo
  • Detached/Attached: Detached
  • Windows: High Impact Windows, Impact Glass
  • Entry Floor Number: 28
  • Building Size: 442
  • Square Feet: 442
  • Living Area: 442 Sq. Ft.
  • Year Built: 2022
  • Property Condition: New Construction

Lot Features

  • Property View: Intracoastal View, Other View, Skyline, Water View
  • Frontage: Bay

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Intracoastal Front

Financial Considerations

  • Price Per Sq. Ft.: $1,581.45
  • Association Fee: $680
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $10,703
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: 398 NE 5TH STREET CONDO UNIT 2805 UNDIV 0.1119% INT IN COMMON ELEMENTS OFF REC 33146-1520
  • Restrictions: Other Restrictions, See Broker Remarks
  • Inclusions: Other
  • Property ID: 01-41-37-078-1510

Listed by Cays LLC

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Listing agent

— 398 NE 5th St #2805 —

  • Cays LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 398 NE 5th St #2805

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 #2805 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/05/2026
Listed
$699,000
-2.1%
MLS
8/24/2023
Sold
$714,000
—
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 #2805

Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,942
—
$534,945
-5%
2024
$10,942
278%
$563,100
—
2023
$2,894
—
$563,100
—
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 #2805

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

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with our affiliated lender
NMLS#: 1598647

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Listed by Cays LLC

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398 NE 5th St #2805, Miami, FL 33132 (MLS# A12103466) is a Condo property with 1 bedroom and 1 full bathroom. 398 NE 5th St #2805 is currently listed for $699,000 and was received on October 05, 2026. Want to learn more about 398 NE 5th St #2805? 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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