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$475,000

  • Sold
  • Closed
  • Condo / Townhouse
  • 1 Bed
  • 1 Full Bath
  • 439 Sq. Ft.
See This Home
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Enjoy the best of both worlds--own your Miami pied-a-terre and generate income through the on-site hotel rental program whenever you're away! Experience the perfect blend of luxury and investment at The Elser Hotel & Residences in Downtown Miami! This fully furnished studio offers modern decor, a king-size bed, pull-out couch, and a sleek kitchen with high-end appliances. Enjoy stunning views of Biscayne Bay and Miami Beach. Approved for short-term rentals (Airbnb/VRBO), it's ideal for INVESTORS and VACATIONERS alike. Amenities include a wrap-around pool, 2-story gym, rooftop lounge, valet, and concierge. Steps from Bayside, Kaseya Center, Port of Miami, and more. Own a turn-key gem in the heart of Miami's most vibrant neighborhood!

Full Property Details for 398 NE 5th St #2503

General

  • Sold For: $475,000
  • HOA FEE: $455
  • Taxes: $11,178
  • Status: Closed
  • Type: Condo /Townhouse
  • Source: Regional
  • MLS ID: RX-11094556
  • Added to Site: 235 day(s) ago

Interior

  • Interior Features: Closet Cabinets
  • Appliances: Dishwasher, Disposal, Dryer, Fire Alarm, Microwave, Electric Range, Smoke Detector, Washer
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1
  • Primary Bedroom: 0 x 0

Other Rooms

  • Living Room: 0 x 0
  • Kitchen: 0 x 0
  • Other Room 4: Studio Bedroom

Additional Information

  • Shared Pool: Yes

Exterior

  • Exterior Features: Open Balcony

Parking

  • Garage Spaces: 1
  • Parking: Assigned, Covered
  • Garage Description: 1 Space

Location

  • Area: 2410
  • County: Miami-Dade
  • Subdivision: The Elser
  • Driving Directions: The building is located at 398 NE 5th Street, on the corner of NE 5th St and NE 4th Ave, near Bayside Marketplace and the Kaseya Center.

Heating & Cooling

  • Cooling Type: Central, Central Building, Electric
  • Heating Type: Central, Central Building, Electric

Utilities

  • Utility Description: Cable, Well Water

Structural Information

  • Construction: CBS, Concrete
  • Windows/Doors: Impact Glass
  • Stories/Levels: 49.00
  • Square Feet: 439
  • Year Built: 2022

Lot Features

  • Property View: Bay
  • Zoning: 6401

Water Features

  • Water Front: Yes
  • Water Front Type: Bay
  • Water Front Desc.: Bay
  • Water Front View: Bay

Financial Considerations

  • Association Fee: $455
  • Tax Amount: $11,178.5
  • Terms: Conventional

Listed by Heartland Realty Group LLC
Sold by Compass Florida, LLC

Listing agent

— 398 NE 5th St #2503 —

  • Heartland Realty Group LLC

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 #2503

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 #2503

Date
Details
Price
Change
Source
12/15/2025
Sold
$475,000
-4.04%
MLS
9/17/2025
Price Reduced
$495,000
-2.56%
MLS
9/06/2025
Price Reduced
$508,000
-0.2%
MLS
8/01/2025
Price Reduced
$509,000
-0.2%
MLS
7/24/2025
Price Reduced
$510,000
-7.27%
MLS
7/22/2025
Price Reduced
$550,000
-6.62%
MLS
5/28/2025
Listed
$589,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Heartland Realty Group LLC
Sold by Compass Florida, LLC

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Recent Sales near 398 NE 5th St #2503

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398 NE 5th St, Miami, FL 33132 - Photo 1 Sold
$510,000

398 NE 5th St  #3803  Miami, FL 33132

  • Condo
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  • 1
    Total Bath
  • 439
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Listed by Angela Canas
398 NE 5th St, Miami, FL 33132 - Photo 1 Sold
$485,000

398 NE 5th St  #3503  Miami, FL 33132

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398 NE 5th St, Miami, FL 33132 - Photo 1 Sold
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398 NE 5th St  #4105  Miami, FL 33132

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Listed by Attila Yildiz
398 NE 5th St, Miami, FL 33132 - Photo 1 Sold
$475,000

398 NE 5th St  #2506  Miami, FL 33132

  • Condo
  • Closed
  • 1
    Bed
  • 1
    Total Bath
  • 443
    Sq. Ft.

398 NE 5th Street, Unit #2503, Miami, FL 33132 (MLS# RX-11094556) is a Condo / Townhouse property that was sold at $475,000 on December 15, 2025. Want to learn more about 398 NE 5th Street, Unit #2503? Do you have questions about finding other Condo / Townhouse real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.