398 NE 5th Street 2007, Miami, FL 33132

New Listing

$650,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12055966

Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 442 Status: Active

Current Price: $650,000 List Date: 7/20/2026 Last Modified: 7/20/2026

Overview

Description

Turnkey Investment Opportunity at The Elser Hotel & Residences — Unit 2007Fully furnished, turnkey studio residence at The Elser, ideally positioned with sweeping views of the Kaseya Center skyline and partial Biscayne Bay water views. This designer-finished unit features a king-size bed, sofa bed, full kitchen, in-unit washer/dryer, and secure keyless entry — ready to generate income from day one.Enrolled in The Elser's professionally managed short-term rental program with a proven, documented income history, this is a rare opportunity to own real, verified cash flow rather than a projection. Investor-friendly building with flexible daily, weekly, and long-term rental permissions.Residents and guests enjoy resort-caliber amenities including a wraparound rooftop pool with bar and restaurant, two-story fitness center, 24/7 concierge, valet parking, and Beach Club access.Unbeatable Downtown Miami location steps from Kaseya Center, Bayside Marketplace, the Brightline station, and Bisc ... (Read more)

Listing Details MLS# A12055966

General Property Information

Number Of Units In Community: 646
Unit Floor #: 20
Property Sub Type: Condominium
Bedrooms Total: Yes
Bathrooms Total: Yes
Bathrooms Full: Yes
Building Area Main: 442
Living Area Main: 442
Adjusted Area Main: 442
Year Built: 2022
Garage YN: Yes
Garage Spaces: Yes
Covered Spaces: Yes
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 49

Property Features

Application Information: 1-2 Weeks Approval Association Amenities: Maintenance Association Fee Includes: Common Areas; Elevator; Internet; Maintenance Grounds; Maintenance Structure; Pool Service; Recreation Facility; Reserve Funds; Roof Repairs; Security; Sewer; Trash; Water Dining Area: Dining/Living Room Leasing Permitted Details: Okay To Lease; Short Term Rentals Allowed Parking Features: Valet Property Condition: New Construction Appliances: Dishwasher; Dryer; Electric Range; Microwave; Washer Construction Materials: CBS Cooling: Central Air Association Type: Condominium Green Energy Efficient: Appliances; Construction; HVAC; Lighting; Thermostat Heating: Central Interior Features: Built-in Features; Closet Cabinetry Listing Terms: Cash; Conventional Pets Allowed YN: Yes Possession: Negotiable Restrictions: See Remarks Security Features: Elevator Secure; Fire Alarm; Fire Sprinkler System; Lobby - Attended; Secured Garage/Parking; Security Guard; Security Patrol; Security System Special Information: Sold As-Is Tax Information: Tax Reflects No Exemptions Unit Description: High Rise Water View: Bay Window Features: Blinds; Insulated Windows Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Showing Service Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open

Contract Information

Comp Sale YN: No
Original List Price: 650000
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: 2007
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33132
Postal Code +4: 2071
Postal Zip: 33132
Subdivision Name: MAP OF MIAMI DADE CO. FL.
Area: 2420
Elementary School: Frederick Douglass
Middle Or Junior School: Jose De Diego
High School: Booker T. Washington
Special Assessment YN: No
Parcel Number: 0141370782110
Subdivision Number: 78
Flood Zone: X

Financial Information

Association YN: Yes
Association Fee: 600
Association Fee Frequency: Monthly
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 600
Membership Fee Required YN: No
Tax Annual Amount: 9430
Tax Year: 2025
Tax Legal Description: 398 NE 5TH STREET CONDO UNIT 2007 UNDIV 0.1119% INT IN COMMON ELEMENTS OFF REC 33416-1520

Status Change Information

Major Change Timestamp: 2026-07-20T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-07-20

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Entry Information

Entry Level: Yes

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes
Short Term Rentals Allowed: Yes

Leasing Restrictions

Leasing - Max Times Per Year: 365
Leasing - Minimum Number of Days: Yes

Storm Protection

Impact Glass: Partial

Price Calculations

Current Price To SqFt: 1470.58

Section Details

Parcel Number MLX: 2110

Originating Details

Originating System Key: 533361826
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

1-2 Weeks Approval: Yes

Amenities

Bar: Yes
Business Center: Yes
Clubhouse: Yes
Elevator(s): Yes
Fitness Center: Yes
Heated Pool: Yes
Management: Yes
Picnic Area: Yes
Playground: Yes
Pool: Yes
Private Beach Pavilion: Yes
Sauna: Yes
Spa/Hot Tub: Yes

Association Amenities

Maintenance: Yes

Association Fee Includes

Common Areas: Yes
Elevator: Yes
Internet: Yes
Maintenance Grounds: Yes
Maintenance Structure: Yes
Pool Service: Yes
Recreation Facility: Yes
Reserve Funds: Yes
Roof Repairs: Yes
Security: Yes
Sewer: Yes
Trash: Yes
Water: Yes

Dining Area

Dining/Living Room: Yes

Parking Features

Valet: Yes

Property Condition

New Construction: Yes

Possession

Negotiable: Yes

Special Information

Sold As-Is: Yes

Heating

Central: Yes

Unit Description

High Rise: Yes

Water View

Bay: Yes

Window Features

Blinds: Yes
Insulated Windows: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Range: Yes
Microwave: Yes
Washer: Yes

Construction Materials

CBS: Yes

Green Energy Efficient

Appliances: Yes
Construction: Yes
HVAC: Yes
Lighting: Yes
Thermostat: Yes

Interior Features

Built-in Features: Yes
Closet Cabinetry: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Security Features

Elevator Secure: Yes
Fire Alarm: Yes
Fire Sprinkler System: Yes
Lobby - Attended: Yes
Secured Garage/Parking: Yes
Security Guard: Yes
Security Patrol: Yes
Security System: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes
Showing Service: Yes

Master Bedroom/Bath

Bedroom On Entry Level: Yes

Pets Allowed YN

Yes: Yes

Restrictions

See Remarks: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Outdoor Living Spaces

Balcony: Yes

Balcony Details

Balcony - Open: Yes

Listing Office: EXP Realty LLC

Last Updated: July - 20 - 2026

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398 NE 5th Street 2007, Miami, FL 33132 (MLS# A12055966)