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$517,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Full Bath
  • 341 Sq. Ft.
  • Updated 2 days ago
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Experience elevated urban living in the heart of Downtown Miami at The Elser Hotel Residences. This fully furnished studio showcases breathtaking panoramic views of Biscayne Bay and the Miami skyline from a high-floor vantage point. Designed for both lifestyle and investment, this condo-hotel unit offers a seamless blend of luxury, flexibility, and income potential. Owners benefit from short-term rental permissions, making it an exceptional opportunity for investors seeking strong returns in one of Miami's most dynamic locations. Residents and guests enjoy resort-style amenities including a heated pool, bar, valet service, and secured lobby, all within walking distance to world-class dining, entertainment, cultural venues, and waterfront attractions. A rare opportunity to own a turnkey property in a prime Downtown Miami location with unmatched rental versatility and lifestyle appeal.

Full Property Details for 398 NE 5th St #4412

General

  • Price: $517,000
  • HOA FEE: $474/month
  • Taxes: $10,068 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11995616
  • Updated: 4/6/2026
  • Added to Site: 3 day(s) ago

Rental Information

  • Approvals: Unapproved

Interior

  • Interior Features: Elevator
  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Self-Cleaning Oven, Washer
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Ceramic Floor

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Bedroom Features: At Least 1 Bedroom Ground Level

Additional Information

  • Shared Amenities: Bar, Barbecue, Billiard Room, Business Center, Cabana, Child Play Area, Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Kitchen Facilities, Pool
  • Maint. Includes: All Amenities, Security, Sewer, Trash Removal, Water
  • Security/Safety: Smoke Detector, Doorman, Elevator Secure, Lobby Secured
  • Equipment: Elevator

Exterior

  • Exterior Features: Barbecue, Courtyard, Tennis Court(s)

Parking

  • 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
  • Pets Allowed: Yes

Heating & Cooling

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

Structural Information

  • Architectural Style: High Rise
  • Structure Type: Condo-Hotel, Condo
  • Detached/Attached: Attached
  • Construction: CBS Construction
  • Entry Floor Number: 44
  • Building Size: 341
  • Square Feet: 341
  • Living Area: 341 Sq. Ft.
  • Year Built: 2022

Lot Features

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

Water Features

  • Water Front: Yes
  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $1,516.13
  • Association Fee: $474
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $10,068
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Special Conditions: Short Sale, In Foreclosure
  • Legal Description: 398 NE 5TH STREET CONDO UNIT 4412 UNDIV 0.0864% INT IN COMMON ELEMENTS OFF REC 33416-1520
  • Restrictions: Corporate Buyer OK
  • Inclusions: None
  • Property ID: 01-41-37-078-4050

Listed by Miami Masterpiece

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— 398 NE 5th St #4412 —

  • Miami Masterpiece

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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 #4412

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 #4412 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/06/2026
Listed
$517,000
-21.65%
MLS
7/31/2023
Sold
$659,900
—
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 #4412

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,488
3%
$514,696
-2%
2024
$10,206
—
$525,200
—
2023
$10,256
—
$525,200
—
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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Listed by Miami Masterpiece

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398 NE 5th St #4412, Miami, FL 33132 (MLS# A11995616) is a Condo property with 0 bedrooms and 1 full bathroom. 398 NE 5th St #4412 is currently listed for $517,000 and was received on April 06, 2026. Want to learn more about 398 NE 5th St #4412? Do you have questions about finding other Condo real estate for sale in Allapattah? You can browse all Allapattah real estate or contact a Coldwell Banker agent to request more information.

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