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Florida>Miami>Miami Central Business District

398 NE 5th St 1615Miami, FL 33132

For Sale

$790,000

Smart Buyer Rebate $7,900

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!

Listed by Hans Baumgartner Perez

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License #3544032

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MRI Realty Group

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305-600-6199

Listed by Andrea Baumgartner Perez

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License #3545351

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MRI Realty Group

Last updated July 29, 2026

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Source: MIAMIRE #A12061775

Listing Facts

  • TypeCondo
  • NeighborhoodMiami Central Business District
  • Bedrooms1
  • Bathrooms1
  • Days on Prevu2
  • HOA/Maint. Fees$1,756/quarter
  • Taxes$12,578/year
  • Size560 sqft
  • Price per sqft$1,411

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Pets Allowed
  • Elevator
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

07/29/2026
Listed by MRI Realty Group
$790,000

Property Details for 398 NE 5th St 1615

Association

Amenities

  • Association Amenities: Bar, Barbecue, Business Center, Exercise Room, Pool
  • Pets Allowed: More Than 20 Lbs

Fees

  • Association Fee: $1,756.00 Quarterly
  • Association Fee Includes: All Amenities, Building Exterior, Cable Tv, Common Area, Internet/Wi Fi, Landscaping/Lawn Maintenance, Parking, Pool Service, Recreation Facilities

General

  • Number Of Units In Community: 704

Exterior

Construction

  • Number Of Units Total: 704
  • Property Attached: Yes
  • Property Condition: New Construction
  • Stories Total: 49
  • Structure Type: Condo-Hotel, Condo
  • Year Built: 2022
  • Year Built Details: Effective Year Built
  • Architectural Style: High Rise
  • Building Name: Elser Residences
  • Entry Level: 16
  • Exterior Features: Open Balcony

Features

  • Direction Faces: Southeast
  • Patio And Porch Features: Open Balcony
  • View: Bay

Measurements

  • Building Area Total: 560
  • Building Area Units: Square Feet
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 01-41-37-078-4790
  • Tax Annual Amount: $12,578.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Other Equipment/Appliances, Refrigerator, Washer
  • Flooring: Ceramic Floor
  • Interior Features: Lobby, First Floor Entry, Closet Cabinetry, Cooking Island, Elevator, Fire Sprinklers

Measurements

  • Living Area: 560
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 1

Other

Location

  • Subdivision Name: Elser Residences

Parking

Parking

  • Parking Features: Valet

Utilities

Equipment

  • Cooling: Electric
  • Has Cooling: Yes
  • Electric: Circuit Breakers
  • Laundry Features: Washer/Dryer Hook-Up

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is 1 bedroom and 1 bathroom in this condo at 398 NE 5th St 1615.

Are pets allowed at 398 NE 5th St?

Yes, 398 NE 5th St allows pets. Check the Property Details for any relevant restrictions.

What are the annual taxes for 398 NE 5th St 1615?

Annual taxes for this condo are estimated at $12,578.

How does 398 NE 5th St 1615 compare to other condos in Miami Central Business District?

This condo is listed 31% below the average price for condos in Miami Central Business District and has been on the market for 137 less days than the typical home in this area.

What building or home owners association is the condo part of?

This condo is in the Elser Residences building.

What is the square footage on this condo?

According to the MLS, this listing is 560 sqft.

398 NE 5th St 1615 is a 1-bedroom, 1-bath condo for sale in Miami FL 33132. Available on Prevu for 2 days at $790,000. This property features 560 square feet of living space, located in Miami Central Business District. The median listing price for condos in this area is $599,000. Property amenities include private outdoor space, dishwasher, pets allowed, elevator, parking, swimming pool, and washer/dryer. View other condo listings in Miami.

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.