398 NE 5th St # 3508, Miami FL 33132 | Miami-Dade County | A12105255
  • $724,000

Description

ANNUAL GROSS INCOME: $48,500! Exceptional investment opportunity in one of Miami’s most dynamic and rapidly transforming urban hubs. This income-producing property offers breathtaking views and an outstanding location, surrounded by newly developed ultra-luxury residences, world-class hotels, and iconic landmarks. Enjoy direct, unobstructed views of Miami’s spectacular new $1 billion signature bridge, placing this property at the heart of the city’s exciting evolution. A rare opportunity to own a prime piece of Miami real estate with strong income potential and long-term appreciation prospects.

Property Overview

THE ELSER HOTEL RESIDENCE offers a 430-square-foot condo unit at 398 NE 5th St # 3508, Miami, FL 33132. Built in 2022, this one-bathroom residence is listed for sale at $724,000. The property records indicate an annual gross income of $48,500. Located in a rapidly transforming urban hub, the unit provides views of the city’s new signature bridge. The area is surrounded by newly developed residences and hotels. There are no monthly HOA fees associated with this listing. For details on specific financials or to schedule a viewing, please call 305-859-4733.

Frequently Asked Questions

What are the basic layout and size details of this condo?

This is a 430 square foot condo at The Elser Hotel Residence. The unit includes one full bath and is listed with zero bedrooms.

What is the listing price and are there any monthly HOA fees?

The property is listed for sale at $724,000. The provided facts list the HOA fee as 0, but you should verify current assessment and fee details by calling 305-859-4733.

What year was this building constructed?

The Elser Hotel Residence was built in 2022.

Does this property generate rental income?

Yes, the listing indicates an annual gross income of $48,500. For specifics on lease terms, occupancy status, or financial documentation, please contact 305-859-4733.

What is the location of the property?

The condo is located at 398 NE 5th St # 3508, Miami, FL 33132, within the Miami Dade County subdivision.

What views does the unit offer?

The property offers direct, unobstructed views of Miami’s new $1 billion signature bridge and is situated near newly developed residences and hotels.

Monthly Fees & Carrying Costs

Association Fee $455 / month
Total Monthly Fees $455 / month
  • Membership Required: No
  • Application Fee: $100 (one-time)

Have a question about this Miami listing?

Talk directly with Christopher Lazaro, your Miami real estate advisor. No pressure — real answers.

This listing is courtesy of Piquet Realty.

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.

  • Address: 5th St
  • City: Miami
  • Zip/Postal Code: 33132

Details

Updated on November 4, 2026 at 7:39 am
  • Property ID A12105255
  • Price $724,000
  • Property Size 430 Sq Ft
  • Bedroom 0
  • Room 0
  • Bathroom 1
  • Year Built 2022
  • Property Status Active, Residential

Additional details

  • View Bay
  • Cooling Electric
  • Heating Electric
  • Tax Year 2025
  • Flooring Ceramic Floor
  • Unit Floor 35
  • Inclusions Other
  • Unit Number 3508
  • Building THE ELSER HOTEL RESIDENCE
  • Frontage Bay
  • Garage Spaces 1
  • Listing Terms All Cash, Conventional
  • Area Map Of Miami Dade Co. Fl.
  • Total Stories 49
  • Waterfront Yes
  • Association Yes
  • Full Bathrooms 1
  • Half Bathrooms 0
  • Covered Spaces 1
  • Style Condo 5+ Stories
  • Private Pool No
  • Structure Type Condo 5+ Stories, Condo
  • Association Fee 455
  • Parking 1 Space
  • Subdivision MAP OF MIAMI DADE CO. FL.
  • Annual Tax 11136
  • Year Built Details Resale
  • Building Area 430
  • Lot Size (Sq Ft) 0
  • Flood Zone X
  • New Construction No
  • Attached Yes
  • Bedroom Features None
  • Amenities Other
  • Restrictions Other Restrictions
  • Construction Concrete Block Construction
  • Pets Allowed Yes
  • Association Fee Frequency Monthly
  • Association Type Condo
  • Maintenance Includes Other Maintenance Includes
  • Membership Purchase Required No

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