398 NE 5th St # 3714, Miami FL 33132, photo 1
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$695,000

CondominiumActive
⏱️ Listed 235 days ago (~8 months)⬇️ Price reduced $50,000 (7%) on April 10, 2026
1Beds
2Baths
665Sq Ft
2022Built

398 NE 5th St # 3714, Miami FL 33132

MLS #A11864160

About This Property

Largest Bayfront 1-bedroom layout in the building (665 SF), a rare opportunity at The Elser Hotel & Residences.?The spacious layout and rare second full bathroom add rental flexibility compared to most 1-bedrooms in the building, making it suitable for both short-term and long-term rentals. Approved for daily rentals with flexible management. Priced significantly below recent ’14 line sales and current inventory, presenting a strong value opportunity for buyers looking to scale, flexibility, and long-term upside. Enjoy stunning bay views and full access to resort-style amenities including rooftop pool with restaurant & bar, hot tub, 2-story fitness center, business center, and ViceVersa, the award-winning lobby bar & restaurant. Located in the heart of Downtown Miami, steps from Kaseya Center, Port of Miami, and top dining, arts, and nightlife. Positioned within a multi-billion dollar transformation of Downtown Miami, supporting long-term growth and demand.

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Marie I. Sanjurjo
Licensed Broker
Blue Mar Real Estate Group
📞 (305) 680-5672✉️ marie@bluemargroup.com

About Downtown Miami

Downtown Miami has transformed into a dense urban neighborhood with Kaseya Center (home of the Miami Heat), Bayside Marketplace, the Perez Art Museum, Frost Science Museum, and Bayfront Park within walking distance of each other. The Miami Riverwalk connects downtown to Brickell along the water, and the Metromover provides free transit throughout the core. Condos range from new construction towers to renovated historic buildings, attracting first-time buyers, investors, and downtown professionals.

Explore Downtown Miami📊 Downtown Miami market report

Property Details

Property Type

Condominium

Year Built

2022

Living Area

665 sq ft

Bedrooms

1

Bathrooms

2

Garage

1 Space

Pool

Yes

Waterfront

Yes

Cooling

Central Air

Heating

Central

Construction

Concrete Block Construction

Style

High Rise

HOA Fee

$897 / Monthly

Annual Taxes

$16,309 (2024)

Days on Market

221

MLS #

A11864160

Features & Amenities

Interior

First Floor EntryBuilt-in FeaturesCloset CabinetryFire Sprinklers

Appliances

DishwasherDisposalDryerElectric Water HeaterIce MakerMicrowaveElectric RangeRefrigeratorSelf Cleaning OvenWasher

Exterior

Open Balcony

Other

Ocean Front1 Space

Nearby Schools

Assigned public schools pulled from Miami-Dade County Public Schools’s official attendance-boundary data. Verify current boundaries with MDCPS before buying — zones can change year to year.

Assigned Public Schools
Elementary
Douglass, Frederick Elementary
Grades K-5
314 NW 12 St., Miami 33136
Middle
Jose de Diego MS
Grades 6-8
3100 NW 5 Ave., Miami 33127
High
Washington, Booker T. Senior High
Grades 9-12
1200 NW 6th Ave., Miami 33136
Private Schools Within 5 Miles
KLA Schools of Brickell0.8 mi
600 SW 1st Ave, Miami
KLA Elementary0.9 mi
625 SW 1st Ave, Miami
Brickell Heights Elementary1.0 mi
25 SW 9th St, Miami
Lincoln-Marti Schools - 8th Ave1.2 mi
221 NW 8th Ave, Miami
Lincoln-Marti Schools - 01-9531.4 mi
953 SW 1st St, Miami
Lincoln-Marti Community Agency 801.5 mi
880 SW 8th St, Miami
La Prima Casa Montessori - Brickell Campus1.6 mi
1770 Brickell Ave, Miami
Cherry Blossom Learning Center II1.7 mi
2731 NE 2nd Ave, Miami

School data source: Miami-Dade County Open Data Hub

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Location

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City

Miami

State

FL

ZIP Code

33132

County

Miami-Dade County

$695,000
398 NE 5th St # 3714, Miami FL 33132
1Beds
2Baths
665Sq Ft
📞 (305) 680-5672

Listing provided by Joan Bruggink at Rivó Real Estate. Data from Miami Association of REALTORS®. All information deemed reliable but not guaranteed. Listing #A11864160.