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$745,000
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Property Description
Experience luxury & income potential at The Elser Hotel & Residences in Downtown Miami. This 1BD/2BA offers stunning bay views & access to resort-style amenities: rooftop pool with restaurant & bar, hot tub, business center & 2-story fitness center. ViceVersa, the award-winning lobby bar & restaurant, adds to the lifestyle. Steps from Kaseya Center, Port of Miami & the city's best dining, arts & nightlife. Downtown Miami is undergoing a $15B+ transformation, set to become the city's new epicenter. Approved for daily rentals with flexible management, ideal for investors or as a pied-á-terre.
Full Property Details
Full Property Details for 398 NE 5th St #3714
General
- Price: $745,000
- HOA FEE: $897/month
- Taxes: $16,309 (2024)
- Status: Active
- Type: Condo
- Source: Greater_Miami
- MLS ID: A11864160
- Updated: 9/1/2025
- Added to Site: 138 day(s) ago
Interior
- Interior Features: First Floor Entry, Built-in Features, Closet Cabinetry, Fire Sprinklers
- Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Self-Cleaning Oven, Washer
- Furnished: Yes
- Furnishings: Furnished
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Primary Bathroom: Shower Only
Bedrooms
- Total Bedrooms: 1
- Bedroom Features: Entry Level, Primary Bath Shower
Other Rooms
- Dining Room: Dining/Living Room
Additional Information
- Shared Amenities: Bar, Barbecue, Business Center, Elevator(s), Exercise Room, Heated Pool, Pool, Private Pool, Putting Green, Spa/Hot Tub
- Maint. Includes: All Amenities, Building Exterior, Cable Tv, Common Area, Hot Water, Internet/WiFi, Outside Maintenance, Parking, Pool Service, Roof Repairs, Sewer, Trash Removal, Water
- Security/Safety: Fire Sprinklers, Smoke Detector, Doorman, Elevator Secure, Secured Garage/Parking
Exterior
- Exterior Features: Open Balcony
- Deck/Patio: Open Balcony, Patio
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
- Units Assoc/Comm: 646
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Structural Information
- Architectural Style: High Rise
- Structure Type: Condo-Hotel, Condo
- Detached/Attached: Attached
- Construction: Concrete Block Construction
- Windows: Clear Impact Glass, Blinds, High Impact Windows
- Doors: High Impact Doors
- Entry Floor Number: 37
- Building Size: 665
- Square Feet: 665
- Living Area: 665 Sq. Ft.
- Year Built: 2022
Unit Information
- Units in Complex: 646
Lot Features
- Property View: Bay, Ocean View, Direct Ocean
- Frontage: Bay
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Ocean Front
Green Features
- Energy Efficient: Appliances, Doors, HVAC, Insulation, Lighting, Windows
Financial Considerations
- Price Per Sq. Ft.: $1,120.3
- Association Fee: $897
- Assoc Fee Freq.: Monthly
- Tax Amount: $16,309
- Tax Year: 2024
- Terms: All Cash, Conventional
Disclosures and Reports
- Legal Description: 398 NE 5TH STREET CONDO UNIT 3714 UNDIV 0.1684% INT IN COMMON ELEMENTS OFF REC 33416-1520
- Restrictions: Daily Rentals Allowed
- Inclusions: None
- Property ID: 01-41-37-078-4660
Listed by Rivó Real Estate
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Schools
Schools serving 398 NE 5th St #3714
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Frederick R. Douglass Elementary School 314 Northwest 12th Street, Miami, FL 33136 | PK-5 | 0.9 mi |
Jose De Diego Middle School 3100 Northwest 5th Avenue, Miami, FL 33127 | 6-8 | 2.1 mi |
Booker T. Washington Senior High School 1200 Northwest 6th Avenue, Miami, FL 33136 | 9-12 | 1 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 #3714
Date
Details
Price
Change
Source
9/01/2025
Listed
$745,000
-21.91%
MLS
2/27/2023
Sold
$954,000
—
Public Record
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
Tax History for 398 NE 5th St #3714
Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,820
—
$814,100
—
2023
$15,898
—
$814,100
—
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
Estimate the Cost for 398 NE 5th St #3714
398 NE 5th St #3714, Miami, FL 33132 (MLS# A11864160) is a Condo property with 1 bedroom and 2 full bathrooms. 398 NE 5th St #3714 is currently listed for $745,000 and was received on September 01, 2025. Want to learn more about 398 NE 5th St #3714? 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.

