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New construction
    • $1,385,000

    398 NE 5th St #3811, Miami, FL 33132

    2beds
    818sqft
    : 
    $10,735/mo
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    Condominium
    Built in 2024
    -- sqft lot
    $1,317,100 Zestimate®
    $1,693/sqft
    $1,543/mo HOA

    What's special

    Modern designFloor-to-ceiling windowsFully furnished and turnkeyIncredible waterfront sceneryNatural lightElevated position
    Unit 3811 at Elser Hotel & Residences is a stunning 2-bedroom, 2-bathroom residence offering breathtaking bayfront and direct water views. From its elevated position, enjoy spectacular panoramas of the park and Biscayne Bay, with unforgettable sunrises and vibrant city lights at night. The unit is fully furnished and turnkey, ready to be occupied immediately or placed into income production from day one. Floor-to-ceiling windows flood the space with natural light, enhancing the modern design and showcasing the incredible waterfront scenery. Located in one of Downtown Miami’s most desirable buildings, the residence allows short-term rentals, including daily rentals, making it an exceptional opportunity for investors seeking strong income potential, as well as end users who value flexibility. A rare opportunity to own a prime waterfront property with spectacular views and full short-term rental freedom.
    154 days
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    19
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    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Piero Ruggeri 305-450-2097,

    COSMORE Florida Corp.,

    Claudio Bagliani 786-303-1061,

    COSMORE Florida Corp.

    Source: MIAMI,MLS#: A11969815MLS LogoOriginating MLS: A-Miami Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Other
      Cooling
      • Central Air
      Appliances
      • Included: Other
      Features
      • Other
      • Flooring: Other
      Interior area
      • Total structure area: 818
      • Total interior livable area: 818 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: 1 Space, Covered, Valet
      • Garage spaces: 1
      Features
      • Exterior features: Other
      • Has view: Yes
      • View description: Bay, Intracoastal View, Water
      • Has water view: Yes
      • Water view: Bay,Intracoastal View,Water
      • Waterfront features: Ocean Front, Bay
      • Frontage type: Bay/Harbor
      Details
      • Parcel number: 0141370783650
      • Other equipment: Other

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Concrete Block Construction
      Condition
      • New Construction
      • New construction: Yes
      • Year built: 2024

      Community & HOA

      Community
      • Security: Other
      • Application fee: $100
      • Pet fee: $100
      • Subdivision: Map Of Miami Dade Co. Fl.
      HOA
      • Has HOA: Yes
      • Amenities included: Other
      • HOA fee: $1,543 monthly
      Location
      • Region: Miami

      Financial & listing details

      • Price per square foot: $1,693/sqft
      • Tax assessed value: $1,186,248
      • Annual tax amount: $23,931
      • Date on market: 2/21/2026
      • Listing terms: All Cash,Conventional

        Estimated market value

        $1,317,100

        $1.25M - $1.38M

        $5,744/mo

        Price history

        DateEventPrice
        2/21/2026Listed for sale$1,385,000+20.4%$1,693/sqft
        Source: MIAMI #A11969815 Report a problem
        7/7/2025Sold$1,150,000-27.5%$1,406/sqft
        Source: Public Record Report a problem
        8/14/2024Listing removed--
        Source: MIAMI #A11598453 Report a problem
        6/18/2024Price change$1,585,960+2.7%$1,939/sqft
        Source: MIAMI #A11598453 Report a problem
        5/31/2024Listed for sale$1,544,482$1,888/sqft
        Source: MIAMI #A11598453 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$24,173 -6.4%$1,186,248 -8%
        2024$25,831 -2.5%$1,289,400
        2023$26,505 $1,289,400
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Downtown

        Getting around

        96 / 100
        Walker's Paradise
        99 / 100
        Rider's Paradise
        77 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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