398 NE 5th Street 4207, Miami, FL 33132

$585,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11829784

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

Current Price: $585,000 List Date: 6/27/2025 Last Modified: 6/20/2026

Overview

Description

The best investments begin with vision. One of the best-priced residences at The Elser , this fully furnished turnkey residence is professionally managed for short-term rentals, offering a seamless ownership experience in the heart of Downtown Miami. Ideally positioned along Biscayne Boulevard , adjacent to the iconic Waldorf Astoria Residences Miami and surrounded by transformative developments including Miami Worldcenter , Brightline, Kaseya Center and Bayside. Perfectly situated within one of Miami's most prestigious luxury growth corridors, this residence presents an exceptional opportunity to enjoy today while investing in tomorrow.

Listing Details MLS# A11829784

General Property Information

Unit Floor #: 42
Property Sub Type: Condominium
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
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 49

Property Features

Application Information: 1-2 Weeks Approval Association Amenities: Maintenance Association Fee Includes: Cable TV; Common Areas; Elevator Flooring: Ceramic Tile Property Condition: New Construction Appliances: Dishwasher; Dryer; Microwave Cooling: Central Air Association Type: Condominium Heating: Electric Interior Features: Elevator Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Pool Features: Private Possession: Close Of Escrow; Negotiable Restrictions: Other Restrictions Road Frontage Type: East of US-1 Security Features: Elevator Secure; Security System; Other Special Information: Sold As-Is Tax Information: City/County Unit Description: Studio View: Other Water Access: None Water View: Bay; Intracoastal Waterfront Features: Bayfront; Intracoastal; Ocean Front Showing Requirements: Call Listing Agent; Showing Service Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open

Contract Information

Comp Sale YN: No
Original List Price: 600000
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: 4207
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33132
Postal Code +4: 2172
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: 0141370782330
Subdivision Number: 78
Flood Zone: X

Financial Information

Association YN: Yes
Association Fee: 679
Association Fee Frequency: Monthly
Application Required YN: Yes
Membership Fee Required YN: No
Tax Annual Amount: 11772
Tax Year: 2024
Tax Legal Description: 398 NE 5TH STREET CONDO UNIT 4207 UNDIV 0.1119% INT IN COMMON ELEMENTS OFF REC 33416-1520

Status Change Information

Major Change Timestamp: 2026-05-18T21:45:45Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-05-18T21:45:45Z
Status Change Date: 2025-07-08

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 100

Entry Information

Entry Level: Yes

Parking Information

Open Parking Spaces: 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: 1323.52

Section Details

Parcel Number MLX: 2330

Originating Details

Originating System Key: 417210299
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

1-2 Weeks Approval: Yes

Amenities

Elevator(s): Yes
Fitness Center: Yes
Lobby: Yes
Pool: Yes

Association Amenities

Maintenance: Yes

Association Fee Includes

Cable TV: Yes
Common Areas: Yes
Elevator: Yes

Flooring

Ceramic Tile: Yes

Property Condition

New Construction: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Special Information

Sold As-Is: Yes

View

Other: Yes

Heating

Electric: Yes

Unit Description

Studio: Yes

Water Access

None: Yes

Water View

Bay: Yes
Intracoastal: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes

Interior Features

Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Pool Features

Private: Yes

Road Frontage Type

East of US-1: Yes

Security Features

Elevator Secure: Yes
Security System: Yes
Other: Yes

Waterfront Features

Bayfront: Yes
Intracoastal: Yes
Ocean Front: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes

Showing Requirements

Call Listing Agent: Yes
Showing Service: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Pet Restrictions Possible: Yes

Restrictions

Other Restrictions: Yes

Tax Information

City/County: Yes

Outdoor Living Spaces

Balcony: Yes

Balcony Details

Balcony - Open: Yes

Listing Office: Related General Realty, LLC.

Last Updated: June - 20 - 2026

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398 NE 5th Street 4207, Miami, FL 33132 (MLS# A11829784)