# 398 NE 5th St #2116, Miami, FL 33132 > **TL;DR:** 0bd/1ba condo, $599,000 ($1655/sqft), built 2022, 362 sqft. > Waterfront, A/C. Est. $3,761/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $599,000 | | Price/sqft | $1655 | | Bathrooms | 1 full | | Square Feet | 362 | | Year Built | 2022 | | Property Type | Condo (Condominium) | | Status | Active | | Days on Market | 0 | ## Why This Home Stands Out - **Waterfront** - Waterfront location listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,029 | | Estimated Insurance | $175 | | HOA | $557 | | **Total** | **$3,761** | ## Key Amenities - Waterfront - A/C ## Property Highlights - Built in 2022 - Waterfront ## Description ### Agent Description Prime investment opportunity at The Elser Hotel & Residences in the heart of Downtown Miami. Luxury condo with no rental restrictions, allowing daily, weekly, and short-term rentals-ideal for investors seeking strong income potential in Miami's high-demand short-term rental market. Turnkey, fully finished and furnished residences with floor-to-ceiling glass and private balconies offering sweeping city and bay views. Owners may participate in a professionally managed onsite rental program for seamless operations and optimized returns. Resort-style amenities include a panoramic bayfront pool deck, multi-level fitness center, coworking spaces, lounges, cafe, and concierge services. Unbeatable walkable location steps from Bayside Marketplace, Bayfront Park, Kaseya Center, dining, nightlife, Brightline and major transit. A rare chance to own a flexible-use, income-producing asset in one of Miami's most dynamic urban cores. ## Location - **Address:** 398 NE 5th St #2116, Miami, FL 33132 - **County:** Miami-Dade - **Neighborhood:** MAP OF MIAMI DADE CO. FL. - **Coordinates:** 25.778988, -80.188999 - **Google Maps:** https://www.google.com/maps?q=25.778988,-80.188999 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/mia/A11963081 ## Listing Agent - **Name:** Gabriela Melo · **License:** 3307180 - **Brokerage:** United Realty Group, Inc - **Phone:** 9542346768 - **Broker Phone:** (954) 450-2000 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/398-NE-5th-St-Apt-2116_Miami_FL_33132_M96869-84427?f=listhub&s=MAORFL&m=A11963081&c=propsimple) ## Photos ![398 NE 5th St #2116 - Photo 1](http://lh.rdcpix.com/761c5d71161bb8298652ca17d2e85629l-f1498392976r.jpg) ![398 NE 5th St #2116 - Photo 2](http://lh.rdcpix.com/761c5d71161bb8298652ca17d2e85629l-f1673741384r.jpg) ![398 NE 5th St #2116 - Photo 3](http://lh.rdcpix.com/761c5d71161bb8298652ca17d2e85629l-f1977756322r.jpg) ![398 NE 5th St #2116 - Photo 4](http://lh.rdcpix.com/761c5d71161bb8298652ca17d2e85629l-f4136796757r.jpg) ![398 NE 5th St #2116 - Photo 5](http://lh.rdcpix.com/761c5d71161bb8298652ca17d2e85629l-f169179045r.jpg) ![398 NE 5th St #2116 - Photo 6](http://lh.rdcpix.com/761c5d71161bb8298652ca17d2e85629l-f1287223396r.jpg) ![398 NE 5th St #2116 - Photo 7](http://lh.rdcpix.com/761c5d71161bb8298652ca17d2e85629l-f2868491941r.jpg) ![398 NE 5th St #2116 - Photo 8](http://lh.rdcpix.com/761c5d71161bb8298652ca17d2e85629l-f1654870768r.jpg) ![398 NE 5th St #2116 - Photo 9](http://lh.rdcpix.com/761c5d71161bb8298652ca17d2e85629l-f22666066r.jpg) ![398 NE 5th St #2116 - Photo 10](http://lh.rdcpix.com/761c5d71161bb8298652ca17d2e85629l-f65557569r.jpg) ![398 NE 5th St #2116 - Photo 11](http://lh.rdcpix.com/761c5d71161bb8298652ca17d2e85629l-f3399611673r.jpg) --- **MLS#:** A11963081 | **Updated:** 2026-07-30 **Source:** listhub *Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/398-ne-5th-st-miami-fl-33132-11963081) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/398-ne-5th-st-miami-fl-33132-11963081#listing", "url": "https://www.propertysimple.ai/listing/398-ne-5th-st-miami-fl-33132-11963081", "name": "398 NE 5th St #2116, Miami, FL 33132", "description": "Prime investment opportunity at The Elser Hotel & Residences in the heart of Downtown Miami. Luxury condo with no rental restrictions, allowing daily, weekly, and short-term rentals-ideal for investors seeking strong income potential in Miami's high-demand short-term rental market. 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