398 NE 5th St # 3204, Miami FL 33132 | Miami-Dade County | A11753429

$740,000

Description

Welcome to Unit 3204 at The Elser Miami, an exceptional investment opportunity in the heart of Downtown Miami! Built in 2022, this modern condo hotel offers the perfect blend of luxury, convenience, and income potential. Ideal for savvy investors or those seeking a strategic 1031 exchange, this unit is designed to maximize returns with its flexible daily rental program as part of the exclusive hotel program. Income-Producing Property: Participate in The Elser’s hotel rental program, allowing for lucrative daily rentals and a seamless management experience.
Modern Design: Completed in 2022, this unit boasts contemporary finishes, a sleek open layout, and breathtaking city views.Low Monthly Costs: 1031 Exchange Opportunity!

Address

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Address: 5th St
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33132
Area: THE ELSER

Details

Updated on August 3, 2025 at 6:03 am

Property ID A11753429
Price $740,000
Property Size 443 Square Feet
Bedroom 0
Bathroom 1
Garage 1
Year Built 2022
Type Condominium
Property Status Residential

Additional details

AssociationAmenities Business Center,Exercise Room
AssociationFee 681
AssociationFeeFrequency Monthly
BathroomsFull 1
BathroomsHalf 0
BuildingAreaTotal 443
BuildingAreaUnits Square Feet
BuildingName The Elser
CoListAgentDirectPhone 305-903-2628
CoListAgentEmail matthewrcrealty@gmail.com
CoListAgentFullName Matthew Cordova
CoListAgentKey 7b0f3b7823d34034793866d4eda0b089
CoListAgentMlsId 3580029
CoListAgentOfficePhone 305-514-0100
CoListAgentStateLicense 3580029
CoListOfficeKey 5567b118d405af1cd4d38ddcd9ac30b5
CoListOfficeMlsId LNFS01
CoListOfficeName London Foster Realty
CoListOfficePhone 305-514-0100
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2025-02-28
Cooling Central Air
CoveredSpaces 1
DaysOnMarket 28
DoorFeatures High Impact Doors
EntryLevel 32
Flooring Tile
Furnished Furnished
Heating Other
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 516-203-5253
ListAgentEmail Danielmordechai@gmail.com
ListAgentFullName Daniel Mordechai
ListAgentKey 6c47e197175cfb847ec6e975c172f73a
ListAgentMlsId 3387171
ListAgentOfficePhone 305-514-0100
ListAgentStateLicense 3387171
ListOfficeFax 305-570-2220
ListOfficeKey 5567b118d405af1cd4d38ddcd9ac30b5
ListOfficeMlsId LNFS01
ListOfficeName London Foster Realty
ListOfficePhone 305-514-0100
ListingAgreement Exclusive Right To Sell
ListingContractDate 2025-02-28
ListingKey 26432bbb74703d73efb3e36bc91e980d
ListingTerms All Cash,Conventional
LotSizeSquareFeet 0
MLSAreaMajor The Elser
MajorChangeTimestamp February 28, 2025 at 12:32pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp March 28, 2025 at 02:41pm
NumberOfUnitsInCommunity 646
NumberOfUnitsTotal 646
OnMarketDate 2025-02-28
OriginalEntryTimestamp February 28, 2025 at 12:32pm
OriginalListPrice 740000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-41-37-078-1210
ParkingFeatures Valet,Limited # Of Vehicle
PatioAndPorchFeatures Open Balcony
PetsAllowed Restrictions Or Possible Restrictions
PhotosChangeTimestamp February 28, 2025 at 12:44pm
PhotosCount 19
PostalCodePlus4 2127
PriceChangeTimestamp February 27, 2025 at 06:25pm
PublicSurveyRange 41
PublicSurveySection 37
PublicSurveyTownship 41
RoomsTotal 0
SecurityFeatures Doorman,Elevator Secure
ShowingInstructions 24 Hour Notice,See Broker Remarks
SourceSystemKey 407802925
StateOrProvince FL
StatusChangeTimestamp February 28, 2025 at 12:32pm
StoriesTotal 47
StreetDirPrefix NE
StreetName 5th St
StreetNumber 398
StreetNumberNumeric 398
StructureType Condo-Hotel,Condo
SyndicationRemarks Welcome to Unit 3204 at The Elser Miami, an exceptional investment opportunity in the heart of Downtown Miami! Built in 2022, this modern condo hotel offers the perfect blend of luxury, convenience, and income potential. Ideal for savvy investors or those seeking a strategic 1031 exchange, this unit is designed to maximize returns with its flexible daily rental program as part of the exclusive hotel program. Income-Producing Property: Participate in The Elser’s hotel rental program, allowing for lucrative daily rentals and a seamless management experience. Modern Design: Completed in 2022, this unit boasts contemporary finishes, a sleek open layout, and breathtaking city views.Low Monthly Costs: 1031 Exchange Opportunity!
TaxAnnualAmount 11417
TaxLegalDescription 398 NE 5TH STREET CONDO UNIT 3204 UNDIV 0.1122% INT IN COMMON ELEMENTS OFF REC 33146-1520
TaxYear 2025
UnitNumber 3204
View Skyline
YearBuiltDetails Resale