398 NE 5th St # 2116, Miami FL 33132, photo 1
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$599,000

CondominiumActive
⏱️ Listed 121 days ago (~4 months)
0Beds
1Baths
362Sq Ft
2022Built

398 NE 5th St # 2116, Miami FL 33132

MLS #A11963081

About This Property

Prime investment opportunity at The Elser Hotel & Residences in the heart of Downtown Miami. Luxury condo with no rental restrictions, allowing daily, weekly, and short-term rentals—ideal for investors seeking strong income potential in Miami’s high-demand short-term rental market. Turnkey, fully finished and furnished residences with floor-to-ceiling glass and private balconies offering sweeping city and bay views. Owners may participate in a professionally managed onsite rental program for seamless operations and optimized returns. Resort-style amenities include a panoramic bayfront pool deck, multi-level fitness center, coworking spaces, lounges, café, and concierge services. Unbeatable walkable location steps from Bayside Marketplace, Bayfront Park, Kaseya Center, dining, nightlife, Brightline and major transit. A rare chance to own a flexible-use, income-producing asset in one of Miami’s most dynamic urban cores.

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Marie I. Sanjurjo
Licensed Broker
Blue Mar Real Estate Group
📞 (305) 680-5672💬 WhatsApp Marie✉️ [email protected]

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

362 sq ft

Bedrooms

0

Bathrooms

1

Pool

No

Waterfront

Yes

Cooling

Central Air

Heating

Central

Flooring

Tile

Construction

Concrete Block Construction, CBS Construction

Style

High Rise

HOA Fee

$557 / Monthly

Annual Taxes

$9,386 (2025)

Days on Market

113

MLS #

A11963081

Features & Amenities

Interior

Built-in FeaturesCloset CabinetryVaulted Ceiling(s)Walk-In Closet(s)

Appliances

DishwasherDisposalDryerMicrowaveElectric RangeRefrigeratorWasher

Exterior

Open Balcony

Other

ValetNo Rv/BoatsNo Trucks/Trailers

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

$599,000
398 NE 5th St # 2116, Miami FL 33132
0Beds
1Baths
362Sq Ft
📞 (305) 680-5672💬 WhatsApp
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398 NE 5th St # 2116, Miami FL 33132$599,000

Listing provided by Gabriela Melo at United Realty Group Inc. Data from Miami Association of REALTORS®. All information deemed reliable but not guaranteed. Listing #A11963081.