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$525,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Full Bath
  • 362 Sq. Ft.
  • Updated 2 days ago
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Experience elevated living and exceptional investment potential at The Elser Miami, one of Downtown Miami's most sought-after luxury residences. This fully furnished studio showcases breathtaking views of Biscayne Bay and the Miami skyline, blending modern design with high-end finishes for a turnkey opportunity. Designed for both lifestyle and income, the building offers world-class amenities including resort-style pool, fitness center, spa, business lounge, and on-site dining-including a Michelin-starred culinary experience. Ideal for short-term rentals, with flexible leasing options maximizing income potential. Located in the heart of Downtown Miami, just steps from Bayside, world-class museums, entertainment, and minutes to Brickell, South Beach, and Key Biscayne. This is a rare opportunity to own in one of Miami's most dynamic and high-demand rental markets. Perfect for investors seeking strong returns or buyers looking for a luxury pied-á-terre in a prime waterfront location.

Full Property Details for 398 NE 5th St #4716

General

  • Price: $525,000
  • HOA FEE: $474/month
  • Taxes: $10,550 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11995606
  • Updated: 4/6/2026
  • Added to Site: 3 day(s) ago

Rental Information

  • Approvals: Unapproved

Interior

  • Interior Features: First Floor Entry, Elevator
  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, 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, Business Center, Cabana, Child Play Area, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Heated Pool, Sauna, Trash Chute
  • Maint. Includes: All Amenities, Water
  • Security/Safety: Fire Alarm, Smoke Detector, Elevator Secure, Card Entry
  • Equipment: Elevator

Exterior

  • Exterior Features: Barbecue

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: 47
  • Building Size: 362
  • Square Feet: 362
  • Living Area: 362 Sq. Ft.
  • Year Built: 2022

Lot Features

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

Water Features

  • Water Front: Yes
  • Water View: Yes

Green Features

  • Energy Efficient: Appliances

Financial Considerations

  • Price Per Sq. Ft.: $1,450.28
  • Association Fee: $474
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $10,550
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Special Conditions: Short Sale
  • Legal Description: 398 NE 5TH STREET CONDO UNIT 4716 UNDIV 0.0917% INT IN COMMON ELEMENTS OFF REC 33416-1520
  • Restrictions: Corporate Buyer OK
  • Inclusions: None
  • Property ID: 01-41-37-078-5440

Listed by Miami Masterpiece

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— 398 NE 5th St #4716 —

  • 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 #4716

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 #4716 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/06/2026
Listed
$525,000
-18.22%
MLS
7/31/2023
Sold
$642,000
—
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 #4716

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,568
5%
$518,600
—
2024
$10,078
—
$518,600
—
2023
$10,128
—
$518,600
—
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 #4716

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

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Listed by Miami Masterpiece

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398 NE 5th St #4716, Miami, FL 33132 (MLS# A11995606) is a Condo property with 0 bedrooms and 1 full bathroom. 398 NE 5th St #4716 is currently listed for $525,000 and was received on April 06, 2026. Want to learn more about 398 NE 5th St #4716? 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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