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ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A12061775
$790,000

398 NE 5th Street 1615, Miami, FL 33132

Beds
1
Baths
1
Sqft
560
Est. payment$6,128/mo
Home type
Condominium
Year built
2022
Lot size
—
Price / sqft
$1,411
HOA
$586/mo
Community
Elser Residences

Property description

Experience the ultimate blend of luxury, flexibility, and investment potential at The Elser Hotel & Residences in the heart of Downtown Miami.This beautifully furnished 1-bedroom, 1-bathroom residence offers a thoughtfully designed living space with spectacular city and Biscayne Bay views. Delivered fully furnished and turnkey, the residence is ready for immediate personal enjoyment or income generation from day one.Perfectly positioned directly across from Bayside Marketplace, Bayfront Park, Kaseya Center, and PortMiami, you'll be at the center of Miami's most vibrant entertainment, dining, shopping, and tourism district. With short-term rentals permitted, this residence presents an exceptional opportunity for investors seeking strong rental demand and maximum flexibility.Residents enjoy world-class amenities, resort-style services, and one of the most sought-after addresses for both visitors and owners. Whether you're looking for a vacation home, an investment opportunity, or both, this is a rare opportunity to own a turnkey residence in one of Miami's fastest-growing neighborhoods.Don't miss your chance to own a condo in one of Downtown Miami's premier luxury buildings. Schedule your private showing today!

Listing activity

Days on market
87
Listed
Jul 29, 2026
MLS listing updated
Sep 9, 2026
Feed last checked
11 minutes ago

Listed by Hans Baumgartner Perez · MRI Realty Group

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
1
Bathrooms
1
Bathrooms (decimal)
1
Full bathrooms
1
Half bathrooms
0

Rooms & features

Rooms
0
Interior features
Closet Cabinetry, Elevator, Kitchen Island
Flooring
Ceramic Tile
Appliances
Electric Water Heater, Dishwasher, Dryer, Microwave, Refrigerator, Washer, Other
Laundry
Washer Hookup, Dryer Hookup
Furnished
Furnished
Other equipment
Other

Heating & cooling

Heating
None
Cooling
Electric
Property

Parking

Garage spaces
0
Carport spaces
0
Covered spaces
0
Parking features
Valet
Attached garage
No

Exterior

Stories
49
Building area
560 sqft
Entry level
1
Exterior features
Balcony
View
Bay
Waterfront property
No
Construction

Type & style

Home type
Condominium
Year built
2022
New construction
Yes

Materials

Property condition
New Construction
Faces
Southeast
Utilities & green energy

Utilities

Electric
Circuit Breakers
Utilities
Cable Available
Community & HOA

Community

Subdivision
Elser Residences
MLS area
2420
Security
Closed Circuit Camera(s), Elevator Secure, Entry - Phone/Intercom, Fire Alarm, Fire Sprinkler System, Key Card Entry, Lobby - Attended, Secured Garage/Parking, Security Guard, Security System, Smoke Detector(s)
Pets allowed
Size Limit, Yes
55+ community
No

Association

Has association
Yes
Association fee
$1,756 quarterly
Estimated monthly dues
$586
Amenities
Maintenance, Pool, Bar, Business Center, Fitness Center, Lobby, Parking, Picnic Area
Services included
Recreation Facility, Pool Service, Cable TV, Common Areas, Internet, Maintenance Grounds, Maintenance Structure
Lease details

Not reported by the listing source.

Location

Area details

City
Miami
County
Miami-Dade
ZIP code
33132
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12061775
Possession
Close Of Escrow
Original list price
$790,000
Parcel number
0141370784790
Annual property tax
$12,578
Tax year
2025
Tax legal description
398 NE 5TH STREET CONDO UNIT 1615 UNDIV 0.1418% INT IN COMMON ELEMENTS OFF REC 33416-1520
Additional MLS details

Reported by the listing source

Association Amenities
Maintenance, Pool, Bar, Business Center, Fitness Center, Lobby, Parking, Picnic Area
Association Fee Frequency
Quarterly
Association Fee Includes
Recreation Facility, Pool Service, Cable TV, Common Areas, Internet, Maintenance Grounds, Maintenance Structure
Association
Yes
Bathrooms Total Decimal
1
Bathrooms Total Integer
1
Building Area Total
560
County Or Parish
Miami-Dade
Days On Market
87
Direction Faces
Southeast
Elementary School
Frederick Douglass
High School
Booker T. Washington
Laundry Features
Washer Hookup, Dryer Hookup
List Price
790000
Listing Contract Date
2026-07-29
Living Area
560
MLSArea Major
2420
Middle Or Junior School
Jose De Diego
Mls Status
Active
On Market Date
2026-07-29
Photos Count
10
Postal Code
33132
Property Sub Type
Condominium
Property Type
Residential
Rooms Total
0
Security Features
Closed Circuit Camera(s), Elevator Secure, Entry - Phone/Intercom, Fire Alarm, Fire Sprinkler System, Key Card Entry, Lobby - Attended, Secured Garage/Parking, Security Guard, Security System, Smoke Detector(s)
Senior Community
No
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-07-29T04:00:00Z
Stories Total
49
Subdivision Name
Elser Residences
Tax Annual Amount
12578
Bathrooms Full
1
Bedrooms Total
1
Waterfront
No
Bathrooms Half
0
Financial Information: Estimated Monthly Assoc Recurring Fee
586

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Jul 29, 2026ListedMIAMI REALTORS® MLS$790,000$1,411/sqft

Public tax history

YearProperty taxesAssessment
2025$12,578—

Payment calculator

Estimated monthly payment$6,128/moIllustrative estimate, not a loan offer.
Principal & interest
$4,099
Property taxes
$1,048
Insurance
$395
Association dues
$586

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

Elser Residences

Miami · Miami-Dade County · 33132

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Frederick DouglassElementary
—
Jose De DiegoMiddle
—
Booker T. WashingtonHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

12 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of MRI Realty Group. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.