$635,000

The Elser 398 NE 5th St Unit 2516 Miami, FL 33132

Downtown Miami Neighborhood

Estimated payment $4,825/month

Total Views 556
-- Bed
1 Bath
362 Sq Ft
$1,754 Price per Sq Ft

Highlights

  • Fitness Center
  • 3-minute walk to College/Bayside
  • Balcony
  • Bay View
  • Heated Community Pool
  • High Impact Door

About This Home

Experience the ultimate in flexibility and income potential with this stunning studio unit. Whether you choose to live in it, lease it annually, or capitalize on the lucrative short-term rental market through platforms like Airbnb, VRBO, or Expedia, this property offers endless possibilities. The unit is exactly as depicted in the photos, featuring breathtaking views and exceptional design. Currently managed by YourHome Hospitality LLC, a premier vacation rental management company, all the details are expertly handled for you. This property is a prime income-generating opportunity, complete with top-tier amenities, including a state-of-the-art gym, pool, bar, restaurants, 24/7 front desk service, and more.

Listing Agent

riad fayad

Sigma Real Estate & Investment Brokerage Email: rfayad@riadfayad.com License #3269369

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,726

Year Built

  • Built in 2022

HOA Fees

  • $470 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

  • Bay

Home Design

  • Condo Hotel

Interior Spaces

  • 1 Full Bathroom
  • 362 Sq Ft Home
  • Tile Flooring
  • Video Cameras

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Trash Compactor
  • Disposal

Laundry

  • Dryer
  • Washer

Additional Features

  • Accessible Elevator Installed
  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-37-078-5220

Community Details

Overview

  • High-Rise Condominium
  • The Elser Condos
  • Map Of Miami Dade Co. Fl. Subdivision
  • 47-Story Property

Amenities

  • Trash Chute
  • Elevator

Recreation

  • Fitness Center
  • Heated Community Pool

Pet Policy

  • Pets Allowed

Security

  • Secure Elevator
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,726

Year Built

Built in 2022

Lot Details

0

HOA Fees

$470 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2022
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 25
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: MAP OF MIAMI DADE CO. FL.
  • Year Built Details: Condo-Hotel
  • ResoPropertyType: Residential
  • Attribution Contact: rfayad@riadfayad.com
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Elevator
  • Full Bathrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Living Area: 362
  • Other Equipment: Elevator
  • Stories: 47
  • Bedroom Features: Other

Exterior Features

  • View: Bay, Other View, Skyline
  • Exterior Features: Other, Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: THE ELSER
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Alarm, Elevator Secure, TV Camera

Condo/Co-op/Association

  • Association Fee: 470
  • Amenities: Elevator(s), Exercise Room, Exterior Lighting, Heated Pool, Pool, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-37-078-5220
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9726

Map

About The Elser

Range of Values:

Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,980 $485,500 -- --
2023 $9,980 $461,225 -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2025 03/05/25 For Sale $635,000 -- $1,754 / Sq Ft
Source: MIAMI REALTORS® MLS

Deed History

Date Type Sale Price Title Company
Special Warranty Deed $585,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 Construction
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11757786

MIAMI REALTORS® MLS

APN: 01-4137-078-5220

Florida Miami/Dade County Miami 33132 Downtown Miami

398 NE 5th St Unit 2516, Miami, FL

Homes for Sale in Miami, FL

This home is located at 398 NE 5th St Unit 2516, Miami, FL 33132 and is currently priced at $635,000, approximately $1,754 per square foot. This property was built in 2022. 398 NE 5th St Unit 2516 is a home located in Miami-Dade County with nearby schools including Frederick R. Douglass Elementary, Jose De Diego Middle School, and Booker T. Washington Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

riad fayad
Listing Agent
riad fayad
Section Image
Sigma Real Estate & Investment
(786) 829-6757