398 NE 5th St #3901, Miami, FL 33132
FOR SALENEW CONSTRUCTION

398 NE 5th St #3901
Miami, FL 33132

Downtown
  • 3 Beds
  • 3 Baths
  • 1,150 sqft
  • 3 Beds
  • 3 Baths
  • 1,150 sqft

$1,400,000

Est. Mortgage $9,644/mo*
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Local Information

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Description

Welcome to The Elser Hotel & Residences Miami! This corner unit offers spacious living with 3 bedrooms and 3 bathrooms, ready to generate income from day one! Situated in the heart of Downtown Miami, this unit is ideal for both investors and end-users. Within close proximity to world-class entertainment, arts, and restaurants, this unit offers a dynamic and vibrant lifestyle complemented by breathtaking views of Biscayne Bay and Miami. There are no other units on the market with these views! At The Elser, you will discover a range of carefully curated amenities designed for leisure, rejuvenation, and creativity. This fully furnished residence boasts 9'2" ceilings throughout, floor-to-ceiling windows, an Ecobee smart thermostat, and a smart keyless entry system.

Home Highlights

Parking
1 Car Garage
Outdoor
Deck
View
Bay, Skyline
HOA
$1,200/Monthly
Price/Sqft
$1,217
Listed
26 days ago

Home Details for 398 NE 5th St #3901

Interior Features

Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 3
Dimensions and Layout
Living Area: 1150 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, WasherDishwasherDisposalDryerMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Spa: Association
Windows, Doors, Floors & Walls
Window: Clear Impact Glass, Complete Impact Glass, Skylight(s), BlindsDoor: High Impact DoorsFlooring: TileCommon Walls: Corner Unit
Levels, Entrance, & Accessibility
Number of Stories: 47ElevatorFloors: Tile
View
Has a ViewView: Bay, Skyline
Security
Security: Elevator Secure, Card Entry, Lobby Secured

Exterior Features

Exterior Home Features
Patio / Porch: DeckExterior: BarbecueNo Private Pool
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Has a GarageHas an Attached GarageParking Spaces: 1Parking: Valet,No Rv/Boats,No Trucks/Trailers
Pool
Pool: Association
Frontage
WaterfrontFrontage Type: Bay/HarborOn Waterfront
Farm & Range
Not Allowed to Raise Horses

Days on Market

Days on Market: 26

Property Information

Year Built
Year Built: 2022
Property Type / Style
Property Type: ResidentialProperty Subtype: Condominium, ResidentialStructure Type: Condo-Hotel, Condo, High RiseArchitecture: Condo-Hotel,Condo,High Rise
Building
Building Name: The ElserConstruction Materials: Concrete Block With BrickIs a New ConstructionAttached To Another Structure
Property Information
Condition: New ConstructionParcel Number: 0141370780260

Price & Status

Price
List Price: $1,400,000Price Per Sqft: $1,217
Status Change & Dates
Possession Timing: Funding

Active Status

MLS Status: Active

Media

See Virtual Tour

Location

Direction & Address
City: MiamiCommunity: The Elser

Agent Information

Listing Agent
Listing ID: A11562334

Building

Building Area
Building Area: 1150 Square Feet

Community

Units in Building: 646

HOA

Association for this Listing: A-Miami Association of REALTORSHas an HOAHOA Fee: $1,200/Monthly

Offer

Listing Terms: All Cash, Conventional

Compensation

Buyer Agency Commission: 2.5%Buyer Agency Commission Type: %Sub Agency Commission: 0Sub Agency Commission Type: %Transaction Broker Commission: 2.5%Transaction Broker Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Rental

Rent Includes: Air Conditioning Maintenance, All Amenities, Building Exterior, Cable Tv, Common Area Maintenance, Elevator, Insurance, Internet/WiFi, Parking, WaterFurnished

Miscellaneous

Mls Number: A11562334Water ViewWater View: Bay

Additional Information

HOA Amenities: Airport/Runway,Barbecue,Elevator(s),Fitness Center,Sauna
Last check for updates: about 22 hours ago
Listing courtesy of Edwin Meza Ayala, (305) 305-0972
The One Realty Group, LLC.
Originating MLS: A-Miami Association of REALTORS
Source: MIAMI, MLS#A11562334

Price History for 398 NE 5th St #3901

DatePriceEventSource
04/03/2024$1,400,000Listed For SaleMIAMI #A11562334
03/13/2024ListingRemovedMIAMI #A11545615
03/06/2024$1,406,000Listed For SaleMIAMI #A11545615
06/22/2023$1,622,200Sold
N/A

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Property Taxes and Assessment

Year2023
Tax$27,250
Assessment$1,325,600
Home facts updated by county records

Neighborhood Overview

Downtown
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Downtown

  • 7fbzchx2pt
    "Not a place to raise kids. It’s a fast pace very busy full of traffic and adults life……………………………………."
    0
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  • Trulia User
    "Worst traffic commute in Miami. Takes up 15 to 30 mins to travel 1 mile. If you catch the bridge, add 15 additional mins and say a prayer. "
    0
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  • Trulia User
    "Edgewater is the best location is you are someone that need to drive to many places in Miami. Is central, and everything cool happened near to the area. Is growing very fast, new stuff are always happening, but is not a family neighborhood "
    1
    Flag
  • Trulia User
    "This area is Perfect to young peoples. Not families. You have to many outdoor activities to do in the area. "
    0
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  • Trulia User
    "Bayside park is full of playful, friendly and beautiful dogs! Very friendly and very calming for pet parents and/ or regular people without pets "
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  • Trulia User
    "It’s a great area to live because is near to all the entertainment and new things coming to Miami. Restaurants, disco and shows "
    0
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  • Trulia User
    "I have lived in this area for about four years now. It is central and dog friendly but not the cleanest or safest."
    5
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  • Trulia User
    "parents should know that there are gangs and other delinquency in allapattah. Also drug and alcohol use is very common among many children in allapattah. "
    0
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  • Trulia User
    "Good community a lot familiar people with the dogs walking a lot of homeless but not be afraid of in general good place to live "
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  • Trulia User
    "Metromover and metrorail make easier to use public transportation ..................................."
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  • Trulia User
    "The most fun museum of Miami are in this neighborhood , parks and water views. A lot of traffic but good public transport"
    0
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  • Trulia User
    "Dog owners are not very considerate of others here. Dogs often deficate on sidewalks and leave it. Dogs are often unleashed. "
    0
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  • Trulia User
    "There are some activities that are fun.. free yoga at bayfront, ultra brings a lot of money to the city which I don’t mind! There should be more family, fitness events "
    0
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  • Trulia User
    "No parks, not ideal for families or young children. There are parks but its a millennial neighborhood "
    0
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  • Trulia User
    "Great neighborhood. Love Margaret park. Many options for restaurants, very active place. Close to everything "
    0
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  • Jamila M.
    "Excellent walkability and free People Mover to keep you in the loop. Traffic is not too bad and there is a real sense of community."
    1
    Flag
  • Anabella P.
    "Everything that is entertainment in Miami happens in downtown. There’s theaters, museum, wynwood , restaurants everything "
    3
    Flag
  • Autumn M.
    "The Bayside skate roller skating events and concerts and sports and fireworks and the fall book fair "
    0
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  • Genesisastorga19
    "It is good , expensive and busy . Night life is near by and everything is close as well . Young people mainly and some old ones . Police is always around and also low class people because overtown is right around the corner . There are a lot of homeless people around as wel . Venesian causeway is 2 blocks away . You can skate and ride bikes , run and fish . There is a lot of People around . "
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  • Daniel R.
    "I live four minutes away from brickell, which is where I work but without the brickell prices. It is very convenient."
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  • Daniel R.
    "Easy access to public transportation but not needed if you work in downtown or Brickell as all basics are in walking distance or you can use metro-rail, also, access to I-95 is less than 5 minutes away from any point in downtown. "
    3
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  • Arianna R.
    "Dogs everywhere literally dog heaven. I’d highly recommend this area to dog owners! It’s phenomenal "
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  • Carene G.
    "I live downtown because I work downtown... the prices are not worth it if you don’t have to be down here. "
    0
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  • Gina I.
    "I love In the neighborhood for 2 years and love it , nice neighbors, park, gyms, dog friendly and Whole Foods market "
    13
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  • Unspecified
    "we needs dogs park in this area. some times park are so crowded and dogs have limited space. In my opinion! "
    0
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  • Marta C.
    "American Airlines Arena Perez Museum Adrienne Arsh Center Brickell City Center Science Museum Movie theaters"
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  • Oleg G.
    "Multicultural ; abundance of food styles and new, full of amenities buildings. Access to highway; short distance to the beach and amazing nightlife !)"
    6
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  • Trulia User
    "beautiful views, but access to parks can be limited. the city often rents out the main park in the area, bayfront so it’s not available to the public, leaving museum park to be the only option. "
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  • Rrivera R.
    "Firework displays from our view When it is completed on the beach area or baseball stadium. Downtown is slowly but Shirley picking up, although lots of traffic, the city is trying to create problem-solving options."
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  • Cyril M. P.
    "The elevators are bad for dog owners and most of the buildings do not accept big dogs like my Belgium shepherd. It is hard to find a nice apartment that takes a dog bigger than 30 pounds. "
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  • Wife
    "None whatsoever. This place is dirty, no respect for the neighbors , for people that live here. Always some party going on at the parks so it’s almost never available for the residents. And if it is it’s dirty and messed up. "
    1
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  • Megan H.
    "I love living downtown. It’s walkable to so many places and close by car to literally everything. It’s also gritty and up and coming which is important to me - it adds character and a sense of home for me. If you like urban, a little gritty, and totally walkable this is the best place in Miami by far. "
    11
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  • Olgathompson11
    "I see dog walkers all the time and most pick up after them. Dog park near by and most places are dog friendly."
    0
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  • Dorkyglasses G.
    "It's a mix of eclectic people. Love the convenience of walking everywhere. With the years, there's more to do, more to see, and great things to discover all within walking distance from where one lives. Glad to be back in downtown. "
    4
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  • Maria G.
    "We have lived in the area for 3 years now and love it. It’s great to be around things to do, going against traffic, and doggy friendly places everywhere"
    0
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  • Tetteh.d
    "The aroma of vibrant lively scenery is enticing for new tourism and social gathering. Downtown Miami is where ‘it’s @‘. "
    4
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  • Bradley A.
    "Everywhere i dog friendly, even can bring inside of cafes and whole foods, pretty sure that’s not legal but it’s allowed"
    0
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  • Ivan A. P.
    "Downtown Miami is the heart of this city, It has its ugly things but I think every big city has those, it is full of diversity what nourishes and changes perspectives when you get to meet the pathways people have gone through, It’s my place."
    2
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  • Ivan A. P.
    "There’s always something to do or to see. Downtown is the heart of the city, the neighborhood that unite the luxurious with the artistic, the different cultures and the different realities, the good, the bad and the ugly of Miami, and of USA in general. It’s all wrapped in Downtown."
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LGBTQ Local Legal Protections

Edwin Meza Ayala, The One Realty Group, LLC.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
398 NE 5th St #3901, Miami, FL 33132 is a 3 bedroom, 3 bathroom, 1,150 sqft condo built in 2022. 398 NE 5th St #3901 is located in Downtown, Miami. This property is currently available for sale and was listed by MIAMI on Apr 3, 2024. The MLS # for this home is MLS# A11562334.