Foreclosure

$517,000

398 NE 5th St #4412, Miami, FL 33132

0beds

341sqft

Condominium

Built in 2022

-- sqft lot

$502,200 Zestimate^®

$1,516/sqft

$474/mo HOA

What's special

Fully furnished studioHigh-floor vantage point

Experience elevated urban living in the heart of Downtown Miami at The Elser Hotel Residences. This fully furnished studio showcases breathtaking panoramic views of Biscayne Bay and the Miami skyline from a high-floor vantage point. Designed for both lifestyle and investment, this condo-hotel unit offers a seamless blend of luxury, flexibility, and income potential. Owners benefit from short-term rental permissions, making it an exceptional opportunity for investors seeking strong returns in one of Miami’s most dynamic locations. Residents and guests enjoy resort-style amenities including a heated pool, bar, valet service, and secured lobby, all within walking distance to world-class dining, entertainment, cultural venues, and waterfront attractions. A rare opportunity to own a turnkey property in a prime Downtown Miami location with unmatched rental versatility and lifestyle appeal.

107 days

269

9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 0
Bathrooms: 1
Full bathrooms: 1

Heating

Electric

Cooling

Electric

Appliances

Included: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer

Features

Elevator
Flooring: Ceramic Tile
Furnished: Yes

Interior area

Total structure area: 341
Total interior livable area: 341 sqft

Video & virtual tour

View virtual tour

Property

Parking

Parking features: Valet

Features

Exterior features: Barbecue, Courtyard, Tennis Court(s)
Pool features: Association
Has view: Yes
View description: Bay, Intracoastal View, Water
Has water view: Yes
Water view: Bay,Intracoastal View,Water
Waterfront features: Bay
Frontage type: Bay/Harbor

Details

Parcel number: 0141370784050
Special conditions: Short Sale,Real Estate Owned

Construction

Type & style

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

Materials

CBS Construction

Condition

Year built: 2022

Utilities & green energy

Electric: Circuit Breakers

Community & HOA

Community

Security: Smoke Detector, Doorman, Elevator Secure, Lobby Secured
Application fee: $150
Pet fee: $0
Subdivision: Map Of Miami Dade Co. Fl.

HOA

Has HOA: Yes
Amenities included: Bar, Barbecue, Billiard Room, Business Center, Cabana, Playground, Clubhouse-Clubroom, Elevator(s), Fitness Center, Pool, Kitchen Facilities
HOA fee: $474 monthly

Location

Region: Miami

Financial & listing details

Price per square foot: $1,516/sqft
Tax assessed value: $514,696
Annual tax amount: $10,068
Date on market: 4/6/2026
Listing terms: All Cash,Conventional

Foreclosure details

Estimated market value

$502,200

$477,000 - $527,000

$2,896/mo

Price history

Date	Event	Price
5/2/2025	Listing removed	$595,000$1,745/sqft
Source: MIAMI #A11611038 Report a problem
10/15/2024	Price change	$595,000-4%$1,745/sqft
Source: MIAMI #A11611038 Report a problem
6/21/2024	Listed for sale	$620,000-3.9%$1,818/sqft
Source: MIAMI #A11611038 Report a problem
6/19/2024	Listing removed	--
Source: MIAMI #A11603228 Report a problem
6/7/2024	Listed for sale	$644,900+4.2%$1,891/sqft
Source: MIAMI #A11603228 Report a problem
6/7/2024	Listing removed	--
Source: MIAMI #A11590456 Report a problem
5/21/2024	Listed for sale	$619,000-11.6%$1,815/sqft
Source: MIAMI #A11590456 Report a problem
5/15/2024	Listing removed	--
Source: MIAMI #A11523112 Report a problem
1/30/2024	Listed for sale	$699,900+6.1%$2,052/sqft
Source: MIAMI #A11523112 Report a problem
8/28/2023	Sold	$659,900$1,935/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,488 -0.3%	$514,696 -2%
2024	$10,521 -2.5%	$525,200
2023	$10,796	$525,200

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

See how much you could borrow to make a competitive offer.

Get pre-qualified