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For sale by owner
    • $495,000

    398 NE 5th St #2005, Miami, FL 33132

    1beds
    442sqft
    : 
    $3,514/mo
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    Condo
    Built in 2022
    -- sqft lot
    $-- Zestimate®
    $1,120/sqft
    $-- HOA

    What's special

    Hot tubSpectacular rooftop pool
    THE ELSER HOTEL & RESIDENCES | DOWNTOWN MIAMI Exceptional 1-bedroom, 1-bath condo-hotel offering the perfect combination of Miami lifestyle and investment potential. Ideal as a personal residence, vacation getaway, or short-term rental investment, subject to applicable rules and regulations. Enjoy resort-style living with a spectacular rooftop pool, hot tub, fitness center, yoga deck, concierge, valet, on-site dining, and exclusive South Beach Club access. Prime Downtown Miami location, just steps from Bayside, Bayfront Park, Kaseya Center, restaurants, entertainment, shopping, and the waterfront. With short-term rental flexibility and professional rental management options, this is an excellent opportunity for investors seeking a turnkey Miami property with strong vacation-rental potential. Live it. Rent it. Enjoy Miami. Invest in one of Downtown Miami’s most desirable condo-hotels
    What the owner loves about this home
    What I love most about this property is the flexibility. You can enjoy it as your own Miami getaway, use it as a vacation home, or take advantage of its short-term rental potential when you're away. I also love the location—right in the heart of Downtown Miami, close to the waterfront, Bayside, Kaseya Center, restaurants, entertainment, and everything Miami has to offer. And then there’s the lifestyle: resort-style amenities, rooftop pool, fitness center, concierge, valet, and South Beach Club access—all while owning a property with investment potential. It’s more than a condo—it’s a Miami lifestyle with an investment opportunity.
    10 days
    144
    4
    Listed by:

    Property Owner (786) 355-8486

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Interior area
      • Total interior livable area: 442 sqft

      Property

      Parking
      • Parking features: Garage - Attached
      Features
      • Exterior features: Cement / Concrete
      • Has view: Yes
      • View description: Park, Water, City
      • Has water view: Yes
      • Water view: Water
      Details
      • Parcel number: 0141370781430

      Construction

      Type & style
      • Home type: Condo
      Materials
      • Roof: Built-up
      Condition
      • New construction: No
      • Year built: 2022

      Community & HOA

      Community
      • Features: Fitness Center
      Location
      • Region: Miami

      Financial & listing details

      • Price per square foot: $1,120/sqft
      • Tax assessed value: $522,120
      • Annual tax amount: $10,640
      • Date on market: 9/17/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $3,055/mo

        Price history

        DateEventPrice
        9/17/2026Listed for sale$495,000-4.8%$1,120/sqft
        Source: Owner Report a problem
        1/14/2026Listing removed$520,000$1,176/sqft
        Source: MIAMI #A11513579 Report a problem
        12/19/2025Price change$520,000-12.6%$1,176/sqft
        Source: MIAMI #A11513579 Report a problem
        10/9/2025Price change$595,000-6.3%$1,346/sqft
        Source: MIAMI #A11513579 Report a problem
        8/13/2025Price change$635,000-9.2%$1,437/sqft
        Source: MIAMI #A11513579 Report a problem
        6/2/2025Listed for sale$699,000$1,581/sqft
        Source: MIAMI #A11513579 Report a problem
        3/29/2025Listing removed$699,000$1,581/sqft
        Source: MIAMI #A11513579 Report a problem
        1/9/2025Price change$699,000-6.8%$1,581/sqft
        Source: MIAMI #A11513579 Report a problem
        5/10/2024Price change$750,000-2%$1,697/sqft
        Source: MIAMI #A11513579 Report a problem
        4/25/2024Price change$765,000-1.3%$1,731/sqft
        Source: MIAMI #A11513579 Report a problem
        1/20/2024Listed for sale$775,000$1,753/sqft
        Source: MIAMI #A11513579 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,640 -3.4%$522,120 -5%
        2024$11,010 -2.5%$549,600
        2023$11,298 $549,600
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Port of Miami - Dodge Island

        Getting around

        22 / 100
        Car-Dependent
        74 / 100
        Excellent Transit
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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