New construction

Price cut: $40K (9/21)

$539,000

398 NE 5th St #2007, Miami, FL 33132

0beds

442sqft

$4,498/mo

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Condominium

Built in 2022

-- sqft lot

$-- Zestimate^®

$1,219/sqft

$600/mo HOA

What's special

Wraparound pool deckSecure keyless entrySofa bedKing-size bedBar and restaurantFull kitchen

NEW PRICE — Turnkey investment opportunity at The Elser with documented rental history and immediate participation in the building’s established hotel rental program. Unit 2007 is a fully furnished 442 SF hotel unit offering Kaseya Center skyline and partial Biscayne Bay views, a king-size bed, sofa bed, full kitchen, in-unit washer/dryer and secure keyless entry. Unlike purchasing new construction and waiting for completion, this is a completed 2022 property with an operating rental program and actual rental history available for buyer review. The unit is currently enrolled in The Elser’s professionally managed short-term rental program, offering flexible daily, weekly and long-term rentals together with personal-use flexibility. Amenities include a wraparound pool deck, bar and restaurant, two-story fitness center, 24/7 concierge, valet parking and Beach Club access. Ideally located in Downtown Miami near Kaseya Center, Bayside Marketplace, Brightline and Biscayne Bay.

84 days
9
0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 0
Bathrooms: 1
Full bathrooms: 1

Heating

Central

Cooling

Central Air

Appliances

Included: Dishwasher, Dryer, Electric Range, Microwave, Washer

Features

Built-in Features, Closet Cabinetry
Doors: High Impact Doors
Windows: Clear Impact Glass, Blinds, High Impact Windows, Thermal Windows

Interior area

Total structure area: 442
Total interior livable area: 442 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 1
Parking features: Valet
Garage spaces: 1

Features

Entry location: First Floor Entry
Exterior features: Balcony
Pool features: Association
Spa features: Community
Has view: Yes
View description: Bay
Has water view: Yes
Water view: Bay

Details

Parcel number: 0141370782110

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

CBS Construction

Condition

New Construction
New construction: Yes
Year built: 2022

Utilities & green energy

Green energy

Energy efficient items: Appliances, Construction, HVAC, Lighting, Thermostat

Community & HOA

Community

Security: Fire Sprinkler System, Fire Alarm, Doorman, Elevator Secure, Secured Garage/Parking, Security Guard, Lobby Secured, Security Service
Application fee: $150
Subdivision: Map Of Miami Dade Co. Fl.

HOA

Has HOA: Yes
Amenities included: Bar, Barbecue, Business Center, Playground, Clubhouse-Clubroom, Elevator(s), Fitness Center, Pool, Private Beach Pavilion, Sauna, Spa/Hot Tub
HOA fee: $600 monthly

Location

Region: Miami

Financial & listing details

Price per square foot: $1,219/sqft
Tax assessed value: $522,610
Annual tax amount: $9,430
Date on market: 7/20/2026
Listing terms: All Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/21/2026	Price change	$539,000-6.9%$1,219/sqft
Source: MIAMI #A12055966 Report a problem
8/2/2026	Price change	$579,000-10.9%$1,310/sqft
Source: MIAMI #A12055966 Report a problem
7/20/2026	Listed for sale	$650,000+13%$1,471/sqft
Source: MIAMI #A12055966 Report a problem
3/12/2025	Sold	$575,000$1,301/sqft
Source: MIAMI #A11680875 Report a problem
12/13/2024	Price change	$575,000-4%$1,301/sqft
Source: MIAMI #A11680875 Report a problem
10/22/2024	Listed for sale	$599,000-23.2%$1,355/sqft
Source: MIAMI #A11680875 Report a problem
10/10/2024	Listing removed	$780,000+22.8%$1,765/sqft
Source: MIAMI #A11522022 Report a problem
7/4/2024	Price change	$635,000-0.8%$1,437/sqft
Source: MIAMI #A11522022 Report a problem
6/5/2024	Price change	$640,000-14.1%$1,448/sqft
Source: MIAMI #A11522022 Report a problem
1/30/2024	Listed for sale	$745,000$1,686/sqft
Source: MIAMI #A11522022 Report a problem
1/27/2024	Listing removed	--
Source: MIAMI #A11497619 Report a problem
12/7/2023	Listed for rent	$4,200$10/sqft
Source: MIAMI #A11497619 Report a problem