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New construction
    • $790,000

    398 NE 5th St Unit 1615, Miami, FL 33132

    1beds
    560sqft
    : 
    $5,982/mo
    Get pre-qualified
    Condominium
    Built in 2022
    -- sqft lot
    $746,000 Zestimate®
    $1,411/sqft
    $585/mo HOA

    What's special

    Thoughtfully designed living space
    Experience the ultimate blend of luxury, flexibility, and investment potential at The Elser Hotel & Residences in the heart of Downtown Miami. This beautifully furnished 1-bedroom, 1-bathroom residence offers a thoughtfully designed living space with spectacular city and Biscayne Bay views. Delivered fully furnished and turnkey, the residence is ready for immediate personal enjoyment or income generation from day one. Perfectly positioned directly across from Bayside Marketplace, Bayfront Park, Kaseya Center, and PortMiami, you'll be at the center of Miami's most vibrant entertainment, dining, shopping, and tourism district. With short-term rentals permitted, this residence presents an exceptional opportunity for investors seeking strong rental demand and maximum flexibility. Residents enjoy world-class amenities, resort-style services, and one of the most sought-after addresses for both visitors and owners. Whether you're looking for a vacation home, an investment opportunity, or both, this is a rare opportunity to own a turnkey residence in one of Miami's fastest-growing neighborhoods. Don't miss your chance to own a condo in one of Downtown Miami's premier luxury buildings. Schedule your private showing today!
    5 days
    |
    31
    |
    0
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    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Hans Baumgartner Perez 305-600-6199,

    MRI Realty Group,

    Andrea Baumgartner Perez 305-600-6392,

    MRI Realty Group

    Source: MIAMI,MLS#: A12061775MLS LogoOriginating MLS: A-Miami Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • None
      Cooling
      • Electric
      Appliances
      • Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Other, Refrigerator, Washer
      • Laundry: Washer/Dryer Hook-Up
      Features
      • Lobby, Closet Cabinetry, Kitchen Island, Elevator
      • Flooring: Ceramic Tile
      • Furnished: Yes
      Interior area
      • Total structure area: 560
      • Total interior livable area: 560 sqft

      Property

      Parking
      • Parking features: Valet
      Features
      • Entry location: First Floor Entry
      • Exterior features: Balcony
      • Pool features: Association
      • Has view: Yes
      • View description: Bay
      • Has water view: Yes
      • Water view: Bay
      Details
      • Parcel number: 0141370784790
      • Other equipment: Other

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Condition
      • New Construction
      • New construction: Yes
      • Year built: 2022

      Utilities & green energy

      • Electric: Circuit Breakers

      Community & HOA

      Community
      • Security: Fire Sprinkler System, Smoke Detector, Doorman, Elevator Secure, Card Entry, Fire Alarm, Secured Garage/Parking, Security Guard, Intercom In Lobby, Lobby Secured, TV Camera
      • Application fee: $350
      • Pet fee: $100 nonrefundable
      • Subdivision: Elser Residences
      HOA
      • Has HOA: Yes
      • Amenities included: Bar, Barbecue, Business Center, Fitness Center, Pool
      • HOA fee: $1,756 quarterly
      Location
      • Region: Miami

      Financial & listing details

      • Price per square foot: $1,411/sqft
      • Tax assessed value: $523,200
      • Annual tax amount: $12,578
      • Date on market: 7/29/2026
      • Listing terms: All Cash,Conventional
      • Ownership: Corporation

        Estimated market value

        $746,000

        $709,000 - $783,000

        $3,383/mo

        Price history

        DateEventPrice
        7/29/2026Listed for sale$790,000$1,411/sqft
        Source: MIAMI #A12061775 Report a problem
        2/22/2026Listing removed$790,000$1,411/sqft
        Source: MIAMI #A11883123 Report a problem
        9/22/2025Listed for sale$790,000$1,411/sqft
        Source: MIAMI #A11883123 Report a problem
        9/10/2025Listing removed$790,000$1,411/sqft
        Source: MIAMI #A11655850 Report a problem
        9/6/2025Price change$790,000-4.8%$1,411/sqft
        Source: MIAMI #A11655850 Report a problem
        9/26/2024Listed for sale$830,000+7.5%$1,482/sqft
        Source: MIAMI #A11655850 Report a problem
        6/27/2023Sold$772,000$1,379/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,662 -18.6%$523,200 -20%
        2024$13,102 -2.5%$654,000
        2023$13,444 $654,000
        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

        A local agent can set up tours, give advice and negotiate with sellers.

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