# 398 NE 5th St, Miami, FL 33132

> **TL;DR:** 0bd/1ba condo, $599,000 ($1655/sqft), built 2022, 362 sqft.
> Waterfront. Est. $2,596/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $599,000 |
| Price/sqft | $1655 |
| Bathrooms | 1 full |
| Square Feet | 362 |
| Year Built | 2022 |
| Stories | 49 |
| Property Type | Condo (Condominium) |
| Status | For Sale |
| Days on Market | 0 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,596 |
| **Total** | **$2,596** |

## Key Amenities

- Waterfront

## Property Highlights

- Built in 2022
- 49 stories
- 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, café, 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, Miami, FL 33132
- **County:** Miami-Dade
- **Neighborhood:** Map Of Miami Dade Co. Fl.

## Listing Agent

- **Name:** Gabriela Melo
- **Brokerage:** United Realty Group Inc
- **Phone:** 9542346768
- **Email:** gmelorealtor@gmail.com

## Primary Photo

![398 NE 5th St - Primary Photo](http://lh.rdcpix.com/ed6d569bf8463b0907a675806892e492l-f1544260303r.jpg)

*11 total photos available on [listing page](https://www.propertysimple.com/listing/398-ne-5th-st-miami-fl-33132-11963081)*

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**MLS#:** A11963081 | **Updated:** 2026-06-17
**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.com/listing/398-ne-5th-st-miami-fl-33132-11963081)

---

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