398 NE 5th Street 1615, Miami, FL 33132

New Listing

$790,000

Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 560 Status: Active

Current Price: $790,000 List Date: 7/29/2026 Last Modified: 7/29/2026

Overview

Description

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, t ... (Read more)

Listing Details MLS# A12061775

General Property Information

Total Units In Building: 704
Unit Floor #: 16
Property Sub Type: Condominium
Bedrooms Total: Yes
Bathrooms Total: Yes
Bathrooms Full: Yes
Building Area Main: 560
Living Area Main: 560
Adjusted Area Main: 560
Year Built: 2022
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 49
Direction Faces: Southeast
Furnished: Furnished

Property Features

Application Information: 1-2 Weeks Approval Association Amenities: Maintenance Association Fee Includes: Cable TV; Common Areas; Internet; Maintenance Grounds; Maintenance Structure; Pool Service; Recreation Facility Electric: Circuit Breakers Flooring: Ceramic Tile Leasing Permitted Details: Short Term Rentals Allowed Parking Features: Valet Property Condition: New Construction Appliances: Dishwasher; Dryer; Microwave; Refrigerator; Washer; Other Water Heater Details: Electric Water Heater Association Type: Condominium Heating: None Interior Features: Closet Cabinetry; Elevator; Kitchen Island Laundry Features: Washer Hookup; Dryer Hookup Listing Terms: Cash; Conventional Other Equipment: Other Pets Allowed YN: Yes Pets Allowed: Size Limit Possession: Close Of Escrow Security Features: Closed Circuit Camera(s); Elevator Secure; Entry - Phone/Intercom; Fire Alarm; Fire Sprinkler System; Key Card Entry; Lobby - Attended; Secured Garage/Parking; Security Guard; Security System; Smoke Detector(s) Special Information: Sold As-Is; Corporate Owned Unit Description: High Rise Utilities: Cable Available Water View: Bay Showing Requirements: Appointment Only; Call Listing Agent Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open

Contract Information

Comp Sale YN: No
Original List Price: 790000
Occupant Type: Call Listing Agent

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 398
Street Direction Prefix: NE
Street Name: 5th
Street Suffix: Street
Unit Number: 1615
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33132
Postal Code +4: 2064
Postal Zip: 33132
Subdivision Name: Elser Residences
Area: 2420
Elementary School: Frederick Douglass
Middle Or Junior School: Jose De Diego
High School: Booker T. Washington
Special Assessment YN: No
Parcel Number: 0141370784790
Subdivision Number: 78

Financial Information

Association YN: Yes
Association Fee: 1756
Association Fee Frequency: Quarterly
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 586
Membership Fee Required YN: No
Tax Annual Amount: 12578
Tax Year: 2025
Tax Legal Description: 398 NE 5TH STREET CONDO UNIT 1615 UNDIV 0.1418% INT IN COMMON ELEMENTS OFF REC 33416-1520

Status Change Information

Major Change Timestamp: 2026-07-29T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-07-29

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 350

Entry Information

Entry Level: Yes

Leasing Permitted Details

Leasing Permitted YN: Yes
Short Term Rentals Allowed: Yes

Leasing Restrictions

Leasing - Max Times Per Year: 360
Leasing - Minimum Number of Days: Yes

Price Calculations

Current Price To SqFt: 1410.71

Section Details

Parcel Number MLX: 4790

Originating Details

Originating System Key: 538105316
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

1-2 Weeks Approval: Yes

Amenities

Bar: Yes
Business Center: Yes
Fitness Center: Yes
Lobby: Yes
Parking: Yes
Picnic Area: Yes
Pool: Yes

Association Amenities

Maintenance: Yes

Association Fee Includes

Cable TV: Yes
Common Areas: Yes
Internet: Yes
Maintenance Grounds: Yes
Maintenance Structure: Yes
Pool Service: Yes
Recreation Facility: Yes

Electric

Circuit Breakers: Yes

Flooring

Ceramic Tile: Yes

Parking Features

Valet: Yes

Property Condition

New Construction: Yes

Possession

Close Of Escrow: Yes

Special Information

Sold As-Is: Yes
Corporate Owned: Yes

Utilities

Cable Available: Yes

Heating

None: Yes

Unit Description

High Rise: Yes

Water View

Bay: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes
Other: Yes

Interior Features

Closet Cabinetry: Yes
Elevator: Yes
Kitchen Island: Yes

Laundry Features

Washer Hookup: Yes
Dryer Hookup: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Other Equipment

Other: Yes

Security Features

Closed Circuit Camera(s): Yes
Elevator Secure: Yes
Entry - Phone/Intercom: Yes
Fire Alarm: Yes
Fire Sprinkler System: Yes
Key Card Entry: Yes
Lobby - Attended: Yes
Secured Garage/Parking: Yes
Security Guard: Yes
Security System: Yes
Smoke Detector(s): Yes

Water Heater Details

Electric Water Heater: Yes

Cooling

Electric: Yes

Association Type

Condominium: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Master Bedroom/Bath

Bedroom On Entry Level: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Size Limit: Yes

Outdoor Living Spaces

Balcony: Yes

Balcony Details

Balcony - Open: Yes

Listing Office: MRI Realty Group

Last Updated: July - 29 - 2026

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398 NE 5th Street 1615, Miami, FL 33132 (MLS# A12061775)