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$1,385,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 818 Sq. Ft.
  • Updated 3 days ago
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Unit 3811 at Elser Hotel & Residences is a stunning 2-bedroom, 2-bathroom residence offering breathtaking bayfront and direct water views. From its elevated position, enjoy spectacular panoramas of the park and Biscayne Bay, with unforgettable sunrises and vibrant city lights at night. The unit is fully furnished and turnkey, ready to be occupied immediately or placed into income production from day one. Floor-to-ceiling windows flood the space with natural light, enhancing the modern design and showcasing the incredible waterfront scenery. Located in one of Downtown Miami's most desirable buildings, the residence allows short-term rentals, including daily rentals, making it an exceptional opportunity for investors seeking strong income potential, as well as end users who value flexibility. A rare opportunity to own a prime waterfront property with spectacular views and full short-term rental freedom.

Full Property Details for 398 NE 5th St #3811

General

  • Price: $1,385,000
  • HOA FEE: $1,543/month
  • Taxes: $23,931 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11969815
  • Updated: 2/21/2026
  • Added to Site: 4 day(s) ago

Interior

  • Interior Features: Other
  • Appliances: Other Equipment/Appliances
  • Flooring: Other

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2
  • Bedroom Features: Other

Additional Information

  • Shared Amenities: Other
  • Maint. Includes: Other Maintenance Includes
  • Security/Safety: Other

Exterior

  • Exterior Features: Other

Parking

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

Location

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

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: Other

Structural Information

  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Construction: Concrete Block Construction
  • Entry Floor Number: 38
  • Building Size: 818
  • Square Feet: 818
  • Living Area: 818 Sq. Ft.
  • Year Built: 2024
  • Property Condition: New Construction

Lot Features

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

Water Features

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

Financial Considerations

  • Price Per Sq. Ft.: $1,693.15
  • Association Fee: $1,543
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $23,931
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: 398 NE 5TH STREET CONDO UNIT 3811 UNDIV 0.2071% INT IN COMMON ELEMENTS OFF REC 33416-1520
  • Restrictions: Daily Rentals Allowed
  • Inclusions: Other
  • Property ID: 01-41-37-078-3650

Listed by COSMORE Florida Corp.

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Listing agents

— 398 NE 5th St #3811 —

  • COSMORE Florida Corp.

  • COSMORE Florida Corp.

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 #3811

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 #3811 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/21/2026
Listed
$1,385,000
20.43%
MLS
6/30/2025
Sold
$1,150,000
—
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 #3811

Year
Property Taxes
Change
Tax Assessment
Change
2025
$24,173
-4%
$1,186,248
-8%
2024
$25,056
—
$1,289,400
—
2023
$25,180
—
$1,289,400
—
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 #3811

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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 COSMORE Florida Corp.

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398 NE 5th St #3811, Miami, FL 33132 (MLS# A11969815) is a Condo property with 2 bedrooms and 2 full bathrooms. 398 NE 5th St #3811 is currently listed for $1,385,000 and was received on February 21, 2026. Want to learn more about 398 NE 5th St #3811? 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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