398 NE 5th Street 1706, Miami, FL 33132

Listing Snapshot

Price

$579,000

Days on Site

403 Days

Bedrooms

1

Total Baths

1

Full Baths

1

Partial Baths

0

Living Area

443 sqft

Total Sq Ft

443 sqft

Year Built

2022

Property Type

Condo

MLS #

A11789023

Property Tax

$10,914 (2024)

HOA Fees

$494 / Monthly

Subdivision

The Elser

County

Miami Dade

Status

Active

About This Property

Welcome to The Elser Hotel & Residences in Downtown Miami. This unit features a fully furnished and equipped turnkey studio with breathtaking views of Biscayne Bay and the Miami skyline. The unit is designed with floor-to-ceiling windows, private balconies, fully equipped kitchen and in-unit washer and dryer. Owners and guests can enjoy a range of luxury amenities including a 132-foot rooftop pool with spacious deck, spa hot tub, two-story fitness center and exclusive beach access on South Beach. The Elser offers flexible rental options, including short-term rentals, making it an attractive option for investors seeking a pied a terre in Miami and passive income rolled into one. Property yields a 6% cap, hassle-free. Unit video tour available upon request.

General Features

Property Type

Condo

Status

Active

Year Built

2022

Number of Stories

49

Garage Spaces

1

Attached Garage

Yes

Parking

Attached / Covered / Garage / Valet

Living Sq Ft

443

Total Sq Ft

443

Interior Features

Appliances

Dryer / Dishwasher / Electric Range / Microwave / Refrigerator / Washer

Cooling

Central Air

Heating

Central

Interior Features

Bedroom On Main Level / Elevator

Furnished

Furnished

Exterior Features

Construction

Block

Exterior Features

Lighting

Pool Features

Heated

View

Other

Community & HOA

HOA Fee

$494 / Monthly

HOA Includes

Common Areas

Association Amenities

Clubhouse / Fitness Center / Maintenance Grounds / Pool / Spa Hot Tub

Community Features

Home Owners Association

Security

Security System

Pets Allowed

Pet Restrictions / Yes

Financing Terms

Cash / Conventional

MLS Area

2410