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398 NE 5th Street Unit 2007, Miami, Florida 33132

Active For Sale
$650,000
  • Beds 0
  • Baths 1
  • Sq Ft 442 Sqft
  • Visits: 4 in 13 days

Description

Turnkey Investment Opportunity at The Elser Hotel & Residences — Unit 2007Fully furnished, turnkey studio residence at The Elser, ideally positioned with sweeping views of the Kaseya Center skyline and partial Biscayne Bay water views. This designer-finished unit features a king-size bed, sofa bed, full kitchen, in-unit washer/dryer, and secure keyless entry — ready to generate income from day one.Enrolled in The Elser’s professionally managed short-term rental program with a proven, documented income history, this is a rare opportunity to own real, verified cash flow rather than a projection. Investor-friendly building with flexible daily, weekly, and long-term rental permissions.Residents and guests enjoy resort-caliber amenities including a wraparound rooftop pool with bar and restaurant, two-story fitness center, 24/7 concierge, valet parking, and Beach Club access.Unbeatable Downtown Miami location steps from Kaseya Center, Bayside Marketplace, the Brightline station, and Biscayne Bay, bringing global demand to Downtown Miami’s short-term rental market.Whether for personal use, a pied-à-terre, or a high-performing investment asset, Unit 2007 offers a rare blend of location, view, and income potential in one of Miami’s most in-demand condo-hotel addresses.

Features

  • Swimming Pool: Heated, Association
  • Heating System: Central
  • Cooling System: Central Air
  • Patio: Balcony, Open
  • Parking: Valet

Appliances

  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Washer

Address Map

  • Country: US
  • State: FL
  • County: Miami-Dade
  • City: Miami
  • Subdivision: MAP OF MIAMI DADE CO. FL.
  • Zipcode: 33132
  • Street: 5th
  • Street Number: 398
  • Street Suffix: Street
  • Floor Number: 0
  • Longitude: W81° 48' 38.5''
  • Latitude: N25° 46' 44''
  • UnitNumber: 2007
  • Street Dir Prefix: NE
  • MLS Area: 2420

MLS Addon

  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Pool, Sauna, Business Center, Picnic Area, Playground, Spa/Hot Tub, Management, Beach Rights, Maintenance Grounds
  • Association Fee: $600
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Maintenance Structure, Common Areas, Internet, Pool(s), Sewer, Security, Maintenance Grounds, Trash, Water, Reserve Fund, Roof, Recreation Facilities
  • Close Price: $0
  • Elementary School: Frederick Douglass
  • Exterior Features: Balcony, Outdoor Living Area
  • Garage Spaces: 1
  • High School: Booker T. Washington
  • Insurance Expense: $0
  • Interior Features: Bedroom on Main Level, Living/Dining Room, Closet Cabinetry, Built-in Features, Bar
  • Middle Or Junior School: Jose De Diego
  • New Taxes Expense: $0
  • Stories Total: 49
  • Tax Annual Amount: $9,430
  • Window Features: Blinds, Insulated Windows

Location

Listing Updated: 2026-07-31 22:01:43

  • Parent : 398:NE:5TH:33132:Miami
  • Property Type : Condominium
  • Property Sub Type : Condominium
  • Listing Type : For Sale
  • Listing ID : A12055966
  • Price : $650,000
  • View : Bay
  • Bedrooms : 0
  • Bathrooms : 1
  • Full Bathrooms : 1
  • Half Bathrooms : 0
  • Square Footage : 442 Sqft
  • Year Built : 2022
  • Lot Area : 0 Acre
  • Listing Status : Active
  • Days On Market : 12
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