398 NE 5th Street 3711, Miami, FL 33132

$1,399,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 818 Status: Active

Current Price: $1,399,000 List Date: 7/10/2025 Last Modified: 6/23/2026

Overview

Description

Breathtaking high-floor coastal living awaits in the heart of Downtown Miami. Welcome to Unit 3711 at The Elser, an exquisite 2-bedroom, 2-bathroom corner oasis completely finished and furnished by Cotofana Designs. Floor-to-ceiling glass floods the space with natural light, framing dramatic, endless views of Biscayne Bay. The sleek, modern kitchen features custom Italkraft cabinetry, quartz countertops, and Frigidaire stainless appliances. Enjoy absolute flexibility: occupy as your personal luxury residence or generate top-tier passive income via the building's professionally managed 5-star short-term rental program. Five-star building amenities include a wrap-around resort pool deck, private lounges, outdoor theater, bar restaurant terrace, and valet parking. Minutes to Brickell, Wynwood, and Miami International Airport. Move-in or rent-ready on day one! Featuring a zero-restriction daily rental policy, this turnkey property is a premier short-term rental powerhouse.

Listing Details MLS# A11837377

General Property Information

Total Units In Building: 642
Unit Floor #: 37
Property Sub Type: Condominium
Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: 2
Building Area Main: 818
Living Area Main: 818
Adjusted Area Main: 818
Year Built: 2022
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: Yes
Covered Spaces: Yes
Senior Community YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 49

Property Features

Application Information: Other Approvals Association Amenities: Maintenance Association Fee Includes: Cable TV; Common Areas; Elevator; HVAC Maintenance; Insurance; Internet; Maintenance Structure; Water Exterior Features: Barbecue Flooring: Tile Leasing Permitted Details: Okay To Lease; Okay To Lease During First Year Parking Features: Covered; Valet; Attached; Attached Garage; Garage Property Condition: Resale; New Construction Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer Water Heater Details: Electric Water Heater Construction Materials: Block; Concrete Block - No Stucco Cooling: Central Air Association Type: Condominium; Homeowner Association Heating: Central Interior Features: Closet Cabinetry; Elevator Listing Terms: Cash; Conventional; Cryptocurrency Pets Allowed YN: Yes Pets Allowed: No Restrictions Pool Features: Private Possession: Close Of Escrow Restrictions: Parking - No RV; Auto Parking On Security Features: Elevator Secure; Key Card Entry; Security System Special Information: Sold As-Is Tax Information: New Construction Unit Description: Corner/End Unit; High Rise Utilities: Cable Available View: Skyline Water Access: None; Other Water View: Bay Waterfront Features: Bayfront Window Features: Skylight(s) Showing Requirements: 24 Hour Notice; Appointment Only; Showing Service Outdoor Living Spaces: Deck

Contract Information

Comp Sale YN: No
Original List Price: 1520000
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: 3711
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33132
Postal Code +4: 2163
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
Parcel Number: 0141370783640
Subdivision Number: 78
Flood Zone: X

Financial Information

Association YN: Yes
Association Fee: 1511
Association Fee Frequency: Monthly
Membership Fee Required YN: No
Tax Annual Amount: 25753
Tax Year: 2024
Tax Legal Description: 398 NE 5TH STREET CONDO UNIT 3711 UNDIV 0.2071% INT IN COMMON ELEMENTS OFF REC 33416-1520

Status Change Information

Major Change Timestamp: 2025-09-22T19:09:39Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-09-22T19:09:39Z
Status Change Date: 2025-07-11

More Information

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes
Okay To Lease During First Year: 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: 1710.26

Section Details

Parcel Number MLX: 3640

Originating Details

Originating System Key: 417729884
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Fee Details

Application Fee: 0

Application Information

Other Approvals: Yes

Amenities

Bar: Yes
Elevator(s): Yes
Lobby: Yes
Parking: Yes
Picnic Area: Yes
Pool: Yes
Sauna: Yes
Spa/Hot Tub: Yes
Trash Chute: Yes
Other: Yes

Association Amenities

Maintenance: Yes

Association Fee Includes

Cable TV: Yes
Common Areas: Yes
Elevator: Yes
HVAC Maintenance: Yes
Insurance: Yes
Internet: Yes
Maintenance Structure: Yes
Water: Yes

Exterior Features

Barbecue: Yes

Flooring

Tile: Yes

Parking Features

Covered: Yes
Valet: Yes
Attached: Yes
Attached Garage: Yes
Garage: Yes

Property Condition

Resale: Yes
New Construction: Yes

Possession

Close Of Escrow: Yes

Special Information

Sold As-Is: Yes

Utilities

Cable Available: Yes

View

Skyline: Yes

Heating

Central: Yes

Unit Description

Corner/End Unit: Yes
High Rise: Yes

Water Access

None: Yes
Other: Yes

Water View

Bay: Yes

Window Features

Skylight(s): Yes

Appliances

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

Construction Materials

Block: Yes
Concrete Block - No Stucco: Yes

Interior Features

Closet Cabinetry: Yes
Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Cryptocurrency: Yes

Pool Features

Private: Yes

Security Features

Elevator Secure: Yes
Key Card Entry: Yes
Security System: Yes

Waterfront Features

Bayfront: Yes

Water Heater Details

Electric Water Heater: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes
Homeowner Association: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Showing Service: Yes

Master Bedroom/Bath

Master Bdrm - Ground: Yes
Separate Shower: Yes
Other: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Restrictions

Parking - No RV: Yes
Auto Parking On: Yes

Tax Information

New Construction: Yes

Outdoor Living Spaces

Deck: Yes

Listing Office: Xcellence

Last Updated: June - 23 - 2026

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398 NE 5th Street 3711, Miami, FL 33132 (MLS# A11837377)