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398 NE 5th St 2602Miami, FL 33132

For Sale

$620,000

Smart Buyer Rebate $5,500

Experience modern luxury in the heart of Downtown Miami at The Elser Hotel & Residences. This fully furnished 26th-floor studio offers breathtaking Miami skyline and Biscayne Bay views, 9-ft ceilings, floor-to-ceiling windows, porcelain tile flooring, and a private balcony. Features include a full kitchen, in-unit washer/dryer, smart keyless entry, and smart thermostat. Enjoy resort-style amenities with a 132-ft rooftop pool, fitness center, sky lounge, business center, and concierge services. Prime location near Bayside, Kaseya Center, Metromover, dining, and entertainment. Investor-friendly building with short-term rentals/Airbnb allowed.

Listed by Kristijan Maglovski

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License #3641307

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COSMORE Florida Corp.

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774-368-5006

Last updated January 23, 2026

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Source: MIAMIRE #A11930233

Listing Facts

  • TypeCondo
  • NeighborhoodMiami Central Business District
  • Bathrooms1
  • Days on Prevu49
  • HOA/Maint. Fees$661/month
  • Taxes$9,695/year
  • Size430 sqft
  • Price per sqft$1,442

Amenities

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

Location

Mortgage Calculator

Listing History

01/23/2026
Price Decreased
$620,000
12/13/2025
Listed by COSMORE Florida Corp.
$650,000

Property Details for 398 NE 5th St 2602

Association

Amenities

  • Association Amenities: Exercise Room, Pool
  • Pets Allowed: Restrictions Or Possible Restrictions

Fees

  • Association Fee: $661.00 Monthly
  • Association Fee Includes: Air Conditioning Maintenance, All Amenities, Cable Tv, Common Area

Exterior

Construction

  • Property Attached: Yes
  • Stories Total: 49
  • Structure Type: Condo-Hotel, Condo
  • Year Built: 2022
  • Year Built Details: Effective Year Built
  • Architectural Style: High Rise
  • Building Name: THE ELSER
  • Construction Materials: Concrete Block Construction
  • Entry Level: 26
  • Exterior Features: Open Balcony

Features

  • Patio And Porch Features: Open Balcony
  • View: Ocean View, Skyline, Water View

Measurements

  • Building Area Total: 430
  • Building Area Units: Square Feet
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 01-41-37-078-0470
  • Tax Annual Amount: $9,695.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Flooring: Tile
  • Interior Features: Built-in Features

Measurements

  • Living Area: 430
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1

Other

Location

  • Subdivision Name: MAP OF MIAMI DADE CO. FL.

Parking

Parking

  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: Valet

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Central
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is bedrooms and 1 bathroom in this condo at 398 NE 5th St 2602.

Does this condo have parking?

Yes, there is 1 parking space available for 398 NE 5th St 2602.

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 2602?

Annual taxes for this condo are estimated at $9,695.

How does 398 NE 5th St 2602 compare to other condos in Miami Central Business District?

This condo is listed 70% below the average price for condos in Miami Central Business District and has been on the market for 95 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 THE ELSER building.

What is the square footage on this condo?

According to the MLS, this listing is 430 sqft.

398 NE 5th St 2602 is a -bedroom, 1-bath condo for sale in Miami FL 33132. On Prevu for 49 days at $620,000. This includes a recent price decrease of $30,000. This residence features 430 square feet of living space, located in Miami Central Business District. The median listing price for condos in this area is $730,000. Additional amenities include private outdoor space, dishwasher, pets allowed, air conditioning, parking, swimming pool, and washer/dryer. Browse more 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.