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New construction
    • Price cut: $71K (8/2)
    $579,000

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

    0beds
    442sqft
    : 
    $4,555/mo
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    Condominium
    Built in 2022
    -- sqft lot
    $-- Zestimate®
    $1,310/sqft
    $600/mo HOA

    What's special

    Designer-finished unitSecure keyless entrySofa bedKing-size bedFull kitchen
    Turnkey Investment Opportunity at The Elser Hotel & Residences — Unit 2007 Fully furnished, turnkey studio residence at The Elser, ideally positioned with sweeping views of the Kaseya Center skyline and partial Biscayne Bay water views. This designer-finished unit features a king-size bed, sofa bed, full kitchen, in-unit washer/dryer, and secure keyless entry — ready to generate income from day one. Enrolled in The Elser's professionally managed short-term rental program with a proven, documented income history, this is a rare opportunity to own real, verified cash flow rather than a projection. Investor-friendly building with flexible daily, weekly, and long-term rental permissions. Residents and guests enjoy resort-caliber amenities including a wraparound rooftop pool with bar and restaurant, two-story fitness center, 24/7 concierge, valet parking, and Beach Club access. Unbeatable Downtown Miami location steps from Kaseya Center, Bayside Marketplace, the Brightline station, and Biscayne Bay, bringing global demand to Downtown Miami's short-term rental market. Whether for personal use, a pied-à-terre, or a high-performing investment asset, Unit 2007 offers a rare blend of location, view, and income potential in one of Miami's most in-demand condo-hotel addresses.
    38 days
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    22
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    Zillow last checked:

    Listing updated:

    Listed by:

    Alvaro Del Busto 305-799-4628,

    EXP Realty LLC

    Source: MIAMI,MLS#: A12055966MLS LogoOriginating MLS: A-Miami Association of REALTORS

      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

      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: $1,310/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

        Not available

        Price history

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

        Public tax history

        YearProperty taxesTax assessment
        2025$10,650 -3.4%$522,610 -5%
        2024$11,021 -4.3%$550,116 -1.8%
        2023$11,516 $560,200
        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: Downtown

        Getting around

        97 / 100
        Walker's Paradise
        99 / 100
        Rider's Paradise
        77 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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