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398 NE 5th St Unit 1516

Miami, FL 33132

– beds
1 bath
362 sqft
$1,312 per sqft
2022 build
– on site

Lowest priced condo at the most luxurious condo-hotel in Miami! Welcome to The Elser Hotel & Residences, where luxury meets convenience in the heart of downtown Miami. This stunning turn-key studio built in 2022 with water and skyline views, and is literally across the street from Bayfront Park, Kaseya Center, Bayside Marketplace, Museum Park, and the bustling Port of Miami. Enjoy seamless smart access to an impressive array of luxury amenities. Dive into the 132' wrap-around roof top pool while watching the 16' LED T. Work up a sweat in the two-story fitness center while taking in the stunning city views, or unwind at the spa. Imbibe at the pool bar and chic lounge areas. Make this your Miami pied-a-terre and receive income via the in-house Hotel program when you're not using it!

Listing courtesy of MLSM / Real Broker LLC

Last checked: Checking… • Last updated Jun 27, 2025 •

MLS# A11763592 —

The Building

Year Built:

2022
Year Built Details:

Condo-Hotel
Construction Materials:

Block
Architectural Style:

HighRise
Unit Number:

1516
Levels:

One
Stories:

1
Stories Total:

49
Entry Location:

15
Entry Level:

15
Building Area Total:

362.0
Building Features:

ExteriorLighting
Exterior Features:

Balcony, SecurityHighImpactDoors
Window Features:

ImpactGlass
Patio And Porch Features:

Balcony, Open
Security Features:

DoorMan, SmokeDetectors

Interior

Interior Features:

BuiltInFeatures, BedroomOnMainLevel, ClosetCabinetry, Elevator, Bar
Furnished:

Furnished
Flooring:

CeramicTile

Room Dimensions

Living Area:

362.0

Financial & Terms

Lease Considered:

false
Possession:

ClosingAndFunding,CloseOfEscrow

Location

Directions:

From 395 east exit at NE 2nd Ave. Go right to NE 5th St and go left. Building is on the corner of NE 5th & Biscayne Blvd.

The Property

Property Type:

Residential
Property Subtype:

Condominium
Property Attached:

true
Property Subtype Additional:

Condominium
Parcel Number:

01 41 37 078 5120
Lot Size Units:

SquareFeet
View:

true
View:

City, Ocean, Water
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

$9,444
Tax Legal Description:

398 NE 5TH STREET CONDO UNIT 1516 UNDIV 0.0917% INT IN COMMON ELEMENTS OFF REC 33416-1520

Baths

Total Baths:

1
Full Baths:

1

The Listing

Virtual Tour Unbranded:

Virtual Tour

Heating & Cooling

Heating:

Central, Electric
Heating:

true
Cooling:

CentralAir, Electric
Cooling:

true

Utilities

Utilities:

CableAvailable

Appliances

Appliances:

Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer

The Community

Subdivision Name:

Elser Hotel & Residences
# of Units In Community:

646
Association Fee:

$557
Association Fee Includes:

Amenities, CommonAreas, CableTv, Internet, MaintenanceStructure, Parking, Pools, Sewer, Security, Trash, Water
Association Fee Frequency:

Monthly
Association Amenities:

BusinessCenter, Clubhouse, FitnessCenter, Barbecue, PicnicArea, Pool, Elevators
Senior Community:

false
Pool Features:

Association, Heated
Pets Allowed:

SizeLimit,Yes

Parking

Parking Features:

Attached, Garage, Valet
Garage:

true
Attached Garage:

true
Garage Spaces:

1.0
Carport:

false
Covered Spaces:

1.0

Monthly cost estimate

Asking price

$475,000

Expense	Monthly cost
Mortgage	$2,543
Taxes	$787
Insurance	$130
HOA fees	$557
Utilities	$78 See report
Total	$4,095/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
6/11/25 Jun 11, 2025	Price Changed	MLSM	$475,000	-4.8%
5/22/25 May 22, 2025	Price Changed	MLSM	$499,000	-3.9%
4/9/25 Apr 9, 2025	Price Changed	MLSM	$519,000	-4.8%

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This condo located in Downtown Miami, Miami, FL 33132 is currently for sale for $475,000. 398 NE 5th St Unit 1516 is a 362 square foot condo with – beds and 1 bath that has been on Estately for 107 days. 398 NE 5th St Unit 1516 is in the Downtown Miami neighborhood of Miami and has a WalkScore® of 96, making it a walker’s paradise. This condo is in the attendance area of Robert Morgan Educational Center And Technical College, Jose De Diego Middle School, Frederick R. Douglass Elementary School, Air Base Elementary School, and Booker T. Washington Senior High School.

Listing Courtesy of: MLSM and Real Broker LLC.

Based on information from the MLS MIAMI 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. MLSM, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. MLSM and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.