Description

An elegant, high-floor residence created for those who want to experience Miami with ease without the responsibilities of full-time ownership.

Perfectly positioned in Downtown Miami, this turnkey unit functions as a refined pied-à-terre for buyers who value proximity to Brickell, Miami Beach, the Design District, and the airport, making arrivals and departures effortless. Whether used as a personal retreat or a flexible city base, the location offers unmatched connectivity to Miami’s most vibrant neighborhoods.

When not in residence, owners may participate in professionally managed short-term rental programs, allowing the property to generate income in a fully hands-off manner. This structure is ideal for buyers who prefer simplicity and professional oversight rather than day-to-day rental operations.

This is not a traditional investment property, it is a lifestyle-driven asset designed for those seeking flexibility, convenience, and optional revenue without operational complexity.

Vacant and available for private showings.

Address

Open on Google Maps

Address: 5th St
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33132
Area: MAP OF MIAMI DADE CO. FL.

Details

Updated on April 14, 2026 at 3:03 am

Property ID A11790416
Price $1,099,000
Property Size 1150 Square Feet
Bedrooms 3
Bathrooms 3
Garage 1
Year Built 2022
Type Condominium
Property Status Residential

Additional details

ArchitecturalStyle Corner Unit, High Rise
AssociationAmenities Bar, Barbecue, Exercise Room, Other, Private Pool, Spa/Hot Tub
AssociationFee 1769
AssociationFeeFrequency Monthly
BathroomsFull 3
BathroomsHalf 0
BuildingAreaTotal 1150
BuildingAreaUnits Square Feet
BuildingName THE ELSER
ConstructionMaterials CBS Construction
ContractStatusChangeDate 2025-04-24
Cooling Central Air, Electric
CoveredSpaces 1
DaysOnMarket 354
DoorFeatures High Impact Doors
EntryLevel 39
ExpirationDate 2027-04-14
Flooring Tile
Furnished Furnished, Turn Key Furnished
Heating Central, Electric
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
Levels 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-812-8688
ListingTerms All Cash, Conventional
LotSizeSquareFeet 0
MLSAreaMajor Map Of Miami Dade Co. Fl.
MajorChangeTimestamp March 23, 2026 at 03:04pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp April 13, 2026 at 09:34pm
NumberOfUnitsInCommunity 646
NumberOfUnitsTotal 646
OnMarketDate 2025-04-24
OriginalEntryTimestamp April 24, 2025 at 09:22pm
OriginalListPrice 1300000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-41-37-078-0260
ParkingFeatures 1 Space, Valet
PatioAndPorchFeatures Open Balcony
PetsAllowed Restrictions Or Possible Restrictions
PhotosChangeTimestamp April 24, 2025 at 09:24pm
PhotosCount 20
Possession Funding
PostalCodePlus4 2165
PreviousListPrice 1250000
PriceChangeTimestamp March 23, 2026 at 03:04pm
PublicSurveyRange 41
PublicSurveySection 37
PublicSurveyTownship 41
RoomsTotal 0
SecurityFeatures Elevator Secure, Card Entry, Lobby Secured, Other
ShowingInstructions 24 Hour Notice, See Broker Remarks
SourceSystemKey 410552854
StateOrProvince FL
StatusChangeTimestamp April 24, 2025 at 09:22pm
StoriesTotal 47
StreetDirPrefix NE
StreetName 5th St
StreetNumber 398
StreetNumberNumeric 398
StructureType Condo-Hotel, Condo
SyndicationRemarks An elegant, high-floor residence created for those who want to experience Miami with ease without the responsibilities of full-time ownership. Perfectly positioned in Downtown Miami, this turnkey unit functions as a refined pied-à-terre for buyers who value proximity to Brickell, Miami Beach, the Design District, and the airport, making arrivals and departures effortless. Whether used as a personal retreat or a flexible city base, the location offers unmatched connectivity to Miami’s most vibrant neighborhoods. When not in residence, owners may participate in professionally managed short-term rental programs, allowing the property to generate income in a fully hands-off manner. This structure is ideal for buyers who prefer simplicity and professional oversight rather than day-to-day rental operations. This is not a traditional investment property, it is a lifestyle-driven asset designed for those seeking flexibility, convenience, and optional revenue without operational complexity. Vacant and available for private showings.
TaxAnnualAmount 22418
TaxLegalDescription 398 NE 5TH STREET CONDO UNIT 3901 UNDIV 0.2912% INT IN COMMON ELEMENTS OFF REC 33416-1520
TaxYear 2025
UnitNumber 3901
View Bay, Other View, Skyline, Water View
WindowFeatures Blinds, High Impact Windows
YearBuiltDetails Resale