What is the asking price and what does it include?

The list price for 398 NE 5th St # 2004, Miami FL 33132 is $686,900. The property is a property with 1 bedrooms, 1 bathrooms, approximately 443 square feet of living space, on a — lot. List price reflects the home and customarily-attached fixtures; it does not include furniture, art, or detached personal property unless explicitly listed in contract. Final inclusions are determined by the executed purchase contract, not by this page. Contact us if you want a written inclusions/exclusions schedule before drafting an offer.

Where exactly is it, and what is the neighborhood like?

The property sits at 398 NE 5th St # 2004, Miami FL 33132 in Miami, 33132. Coordinates are approximately 25.7788802, -80.1890556. Walkability, transit, distance to beach or bay, and traffic patterns vary block by block and are best evaluated in person; visit at both a weekday rush hour and a weekend afternoon before writing an offer. We do not characterize neighborhoods by demographic composition — Fair Housing Act constraints we take seriously. We will gladly provide objective data on request: distance to nearest grocery, hospital, marina, public school, and major roadway.

What are the property taxes and any homestead implications?

Miami-Dade County real-estate taxes are administered by the Miami-Dade Property Appraiser (current assessment + tax-bill data at https://www.miamidade.gov/pa/property_search.asp). A new buyer's tax bill resets based on the sale price and the buyer's own exemption status; the first full tax bill after purchase is often meaningfully higher than the seller's prior bill. Florida's Homestead Exemption reduces the taxable value for a primary residence — eligibility requirements and filing windows are published at https://www.miamidade.gov/pa/exemptions_homestead.asp. The statewide Florida Department of Revenue property-tax reference is at https://floridarevenue.com/property/.

Is it in a flood zone, and what does that mean for insurance?

Authoritative flood-zone designation for any U.S. address is published by FEMA on the National Flood Hazard Layer at https://msc.fema.gov/portal/home. Coastal South Florida includes properties in multiple flood-risk zones (AE, V, VE, X). Lenders typically require flood insurance in high-risk zones. The FEMA Risk Rating 2.0 methodology (premiums based on elevation, construction type, claims history, distance to water) is documented at https://www.fema.gov/flood-insurance/risk-rating. Florida-specific flood-insurance program data is at https://floridarevenue.com/.

How do you determine the list price?

We analyze recent comparable sales in Miami — similar properties in size, condition, and location that sold within the last three to six months. This Comparative Market Analysis (CMA) helps ensure 686,900 reflects current market value. For a personalized CMA on a specific property or to discuss listing strategy, contact us directly.

How long does it typically take to close on this property?

Most Florida real estate transactions close in 30–45 days from accepted offer, assuming timely financing, inspections, and HOA or condominium questionnaire responses. Condominium sales may take longer if SB-4D structural reports or association approvals are needed. We manage the timeline closely to avoid delays. Contact us for a detailed closing checklist tailored to 398 NE 5th St # 2004, Miami FL 33132.

What financing step do you recommend before touring?

Get pre-approved by a licensed lender before making an offer. A pre-approval letter shows sellers you are a serious buyer and can close. In Florida's competitive market, it is often a practical requirement. We work with trusted local lenders who understand Miami-Dade specifics like flood-zone implications and condominium-warrantability requirements. Call us for lender referrals.

Home
Buying
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Home
Buying
Selling
Property Search
Contact

Get Pre-Approved !

Home
Buying
Selling
Property Search
Contact

Get Pre-Approved !

Home
398 NE 5th St # 2004, Miami FL 33132 | Miami-Dade County | A12112238

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398 NE 5th St # 2004, Miami FL 33132 | Miami-Dade County | A12112238

398 NE 5th St # 2004, Miami FL 33132

Active Residential

$686,900

21 More

1
Bedroom

1
Bathroom

443 Sq Ft
Area Size

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Active Residential

398 NE 5th St # 2004, Miami FL 33132 | Miami-Dade County | A12112238

398 NE 5th St # 2004, Miami FL 33132

$686,900

Description

Discover an exceptional opportunity to own at The Elser Hotel & Residences, in the heart of Downtown Miami! This fully furnished junior suite on the 20th floor offers 443 sq. ft. of living space, a functional open-concept layout, modern finishes, an equipped kitchen, in-unit washer and dryer, and a private balcony. Enjoy the perfect combination of comfort, luxury, and convenience in a premier high-rise building featuring resort-style amenities, including a spectacular pool overlooking Biscayne Bay, fitness center, concierge services, valet parking, dining options, and inviting social spaces. Ideally located steps from Miami Worldcenter, Kaseya Center, Bayside Marketplace, Brightline Station, and Downtown Miami’s finest restaurants, shopping, and entertainment. Currently operated as a short-term rental through the hotel program, with the option to use another approved rental management company, subject to applicable regulations and agreements. An attractive opportunity for investors or those seeking a Miami getaway. Experience the vibrant Downtown Miami lifestyle at The Elser!

Property Overview

This 2022-built condo in The Elser Hotel & Residences offers 443 square feet of living space on the 20th floor. The unit features one bedroom and one full bath with a functional open-concept layout. It includes modern finishes, an equipped kitchen, in-unit washer and dryer, and a private balcony. The property is currently furnished and operated as a short-term rental through the hotel program, with the option to use another approved rental management company subject to applicable regulations and agreements. Located at 398 NE 5th St, # 2004, in Miami, the building provides access to resort-style amenities. These include a pool overlooking Biscayne Bay, a fitness center, concierge services, valet parking, dining options, and social spaces. The monthly HOA fee is $2,055. The address is in the heart of Downtown Miami, near Miami Worldcenter, Kaseya Center, Bayside Marketplace, and Brightline Station. The listing price is $686,900. The building is situated within the Map of Miami Dade Co. Fl subdivision. This property is available for sale to buyers seeking a furnished unit in a high-rise setting with hotel services.

Monthly Fees & Carrying Costs

Association Fee	$2,055 / quarter ($685/mo)
Total Monthly Fees	$685 / month

Membership Required: No
Application Fee: $150 (one-time)

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This listing is courtesy of Realty One Group Evolution.

Listing data courtesy of MIAMI Association of REALTORS (RAPB/GFLR) via Bridge Interactive. Copyright SEFMLS © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.