Enjoy the best of both worlds—own your Miami pied-à-terre and generate income through the on-site hotel rental program whenever you're away! Experience the perfect blend of luxury and investment at The Elser Hotel & Residences in Downtown Miami! This fully furnished studio offers modern décor, a king-size bed, pull-out couch, and a sleek kitchen with high-end appliances. Enjoy stunning views of Biscayne Bay and Miami Beach. Approved for short-term rentals (Airbnb/VRBO), it's ideal for INVESTORS and VACATIONERS alike. Amenities include a wrap-around pool, 2-story gym, rooftop lounge, valet, and concierge. Steps from Bayside, Kaseya Center, Port of Miami, and more. Own a turn-key gem in the heart of Miami's most vibrant neighborhood!
Sold for $475,000
$475,000
398 NE 5th Street #2503, Miami, FL 33132
1beds
439sqft
Condominium
Built in 2022
-- sqft lot
$536,100 Zestimate®
$1,082/sqft
$2,821 Estimated rent
Home value
$536,100
$488,000 - $595,000
$2,821/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Gulay Ozer 954-937-5406,
Heartland Realty Group LLC
Bought with:
Milton R Andrade, 3031564
Compass Florida, LLC
Milton R Andrade, 3031564
Compass Florida, LLC
Source: BeachesMLS,MLS#: R11094556
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Main
- Area: 0
- Dimensions: 0 X 0
Kitchen
- Level: Main
- Area: 0
- Dimensions: 0 X 0
Living room
- Level: Main
- Area: 0
- Dimensions: 0 X 0
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Washer
Features
- Closet Cabinetry, None
- Furnished: Yes
Interior area
- Total structure area: 439
- Total interior livable area: 439 sqft
Property
Parking
- Total spaces: 1
- Parking features: Assigned, Covered, Garage
- Garage spaces: 1
Features
- Patio & porch: Open, Balcony
- Exterior features: Balcony, Outdoor Living Area
- Pool features: Association
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
- Waterfront features: Bayfront
Details
- Parcel number: 0141370780800
- Zoning: 6401
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Block, Concrete
Condition
- Resale
- New construction: No
- Year built: 2022
Utilities & green energy
- Water: Well
- Utilities for property: Cable Available, Water Available
Community & HOA
Community
- Features: Gated
- Security: Security System, Fire Alarm, Gated Community, Lobby Secured, Smoke Detector(s)
- Subdivision: THE ELSER
HOA
- Has HOA: Yes
- Amenities included: Business Center, Fitness Center, Pool, Parking, Trash, Elevator(s)
- Services included: Common Areas, Cable TV, Hot Water, Maintenance Grounds, Security, Trash, Water
- HOA fee: $455 monthly
Location
- Region: Miami
Financial & listing details
- Price per square foot: $1,082/sqft
- Tax assessed value: $530,100
- Annual tax amount: $11,178
- Date on market: 5/29/2025
- Cumulative days on market: 201 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2025 | Sold | $475,000-4%$1,082/sqft |
Source:  BeachesMLS #R11094556 Report a problem | ||
| 10/28/2025 | Pending sale | $495,000$1,128/sqft |
Source: BeachesMLS #RX-11094556 Report a problem | ||
| 9/17/2025 | Price change | $495,000-2.6%$1,128/sqft |
Source: BeachesMLS #RX-11094556 Report a problem | ||
| 9/6/2025 | Price change | $508,000-0.2%$1,157/sqft |
Source: BeachesMLS #RX-11094556 Report a problem | ||
| 8/1/2025 | Price change | $509,000-0.2%$1,159/sqft |
Source: BeachesMLS #RX-11094556 Report a problem | ||
| 7/24/2025 | Price change | $510,000-7.3%$1,162/sqft |
Source: BeachesMLS #RX-11094556 Report a problem | ||
| 7/22/2025 | Price change | $550,000-6.6%$1,253/sqft |
Source: BeachesMLS #RX-11094556 Report a problem | ||
| 5/29/2025 | Listed for sale | $589,000-4.2%$1,342/sqft |
Source: BeachesMLS #RX-11094556 Report a problem | ||
| 5/23/2025 | Listing removed | $615,000$1,401/sqft |
Source: BeachesMLS #RX-11073483 Report a problem | ||
| 3/20/2025 | Listed for sale | $615,000$1,401/sqft |
Source: BeachesMLS #RX-11073483 Report a problem | ||
| 2/21/2025 | Listing removed | $615,000$1,401/sqft |
Source:  MIAMI #A11624845 Report a problem | ||
| 2/6/2025 | Price change | $615,000-3.8%$1,401/sqft |
Source: MIAMI #A11624845 Report a problem | ||
| 8/19/2024 | Price change | $639,000-3%$1,456/sqft |
Source: MIAMI #A11624845 Report a problem | ||
| 8/6/2024 | Price change | $4,000-11.1%$9/sqft |
Source: MIAMI #A11624853 Report a problem | ||
| 8/6/2024 | Price change | $659,000-2.9%$1,501/sqft |
Source: MIAMI #A11624845 Report a problem | ||
| 7/29/2024 | Price change | $679,000-12.8%$1,547/sqft |
Source: MIAMI #A11624845 Report a problem | ||
| 7/17/2024 | Listed for rent | $4,500$10/sqft |
Source: MIAMI #A11624853 Report a problem | ||
| 7/16/2024 | Listing removed | -- |
Source: MIAMI #A11505564 Report a problem | ||
| 12/28/2023 | Listed for sale | $779,000-11%$1,774/sqft |
Source: MIAMI #A11505564 Report a problem | ||
| 12/20/2023 | Listing removed | -- |
Source: MIAMI #A11493684 Report a problem | ||
| 11/30/2023 | Listed for sale | $875,000+25.6%$1,993/sqft |
Source: MIAMI #A11493684 Report a problem | ||
| 6/22/2023 | Sold | $696,700+2.3%$1,587/sqft |
Source: Public Record Report a problem | ||
| 3/29/2023 | Sold | $681,000$1,551/sqft |
Source: Public Record Report a problem | ||
| 3/1/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium_1 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,802 -3.4% | $530,100 -5% |
| 2024 | $11,179 -2.5% | $558,000 |
| 2023 | $11,470 | $558,000 |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 5/10Frederick R. Douglass Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 3/10Jose De Diego Middle SchoolGrades: 6-8Distance: 2.1 mi
- 4/10Booker T. Washington Senior High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$536,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$536,100
- Florida
- Miami-Dade County
- Miami
- 33132
- Downtown
- 398 NE 5th Street Unit 2503
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