How do I schedule a tour of 398 NE 5th Street 2007, Miami, FL 33132?

Use the Tour button on this listing to request a showing of 398 NE 5th Street 2007, Miami, FL 33132. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity Realty agent will confirm your visit, often the same day.

Is 398 NE 5th Street 2007, Miami, FL 33132 still available?

398 NE 5th Street 2007, Miami, FL 33132 is currently listed as Active, and has been on the market 14 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.

How much is the monthly payment for 398 NE 5th Street 2007, Miami, FL 33132?

With 20% down ($115,800) on the $579,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 2007, Miami, FL 33132 is about $3,043/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.

How do I get pre-approved to buy 398 NE 5th Street 2007, Miami, FL 33132?

Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 398 NE 5th Street 2007, Miami, FL 33132. Contact Pure Equity Realty and we'll connect you with a trusted local lender to review your financing options, no obligation.

Does 398 NE 5th Street 2007, Miami, FL 33132 have an HOA fee?

Yes: 398 NE 5th Street 2007, Miami, FL 33132 carries an HOA fee of about $600 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.

What schools serve 398 NE 5th Street 2007, Miami, FL 33132?

398 NE 5th Street 2007, Miami, FL 33132 is zoned for Frederick Douglass (elementary), Jose De Diego (middle), Booker T. Washington (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.

Can I negotiate the price of 398 NE 5th Street 2007, Miami, FL 33132?

Often, yes. The right offer on 398 NE 5th Street 2007, Miami, FL 33132 depends on how it's priced against comparable condo sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity Realty will run the comps and help you craft a competitive, well-supported offer.

Active

14 Days on Market

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$579,000

398 NE 5th Street 2007

Miami, FL 33132

MAP OF MIAMI DADE CO. FL.

Explore the area: Miami homes for sale · Miami Dade County real estate

Bedrooms

Bathrooms

442

Living Sq Ft

2022

Year Built

Estimated monthly payment

$3,043 /mo

Principal and interest only, based on $115,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $600/mo HOA are not included.

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Listing Snapshot

Price: $579,000
Days on Site: 14 Days
Bedrooms: 0
Total Baths: 1
Full Baths: 1
Partial Baths: 0
Living Area: 442 sqft
Total Sq Ft: 442 sqft
Year Built: 2022
Property Type: Condo
MLS #: A12055966
Property Tax: $9,430 (2025)
HOA Fees: $600 / Monthly
Subdivision: MAP OF MIAMI DADE CO. FL.
County: Miami Dade
Status: Active
Special Conditions: Listed As Is

About This Property

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.

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General Features

Property Type: Condo
Status: Active
Year Built: 2022
Property Condition: New Construction
New Construction: Yes
Number of Stories: 49
Garage Spaces: 1
Parking: Valet
Living Sq Ft: 442
Total Sq Ft: 442

Interior Features

Appliances: Dryer / Dishwasher / Electric Range / Microwave / Washer
Cooling: Central Air
Heating: Central
Interior Features: Built In Features / Bedroom On Main Level / Closet Cabinetry / Living Dining Room / Bar
Windows: Blinds / Insulated Windows

Exterior Features

Construction: Block
Exterior Features: Balcony / Outdoor Living Area
Pool Features: Association / Heated
Patio & Porch: Open / Balcony
View: Bay

Community & HOA

HOA Fee: $600 / Monthly
HOA Includes: Common Areas / Internet / Maintenance Grounds / Maintenance Structure / Pools / Recreation Facilities / Reserve Fund / Roof / Sewer / Security / Trash / Water
Association Amenities: Beach Rights / Business Center / Clubhouse / Fitness Center / Maintenance Grounds / Management / Picnic Area / Playground / Pool / Sauna / Spa Hot Tub / Elevators
Security: Security System / Elevator Secured / Fire Alarm / Fire Sprinkler System / Secured Garage Parking / Lobby Secured / Security Guard
Pets Allowed: Yes
Financing Terms: Cash / Conventional
Restrictions: See Remarks
MLS Area: 2420

Schools

Elementary School: Frederick Douglass
Middle School: Jose De Diego
High School: Booker T. Washington

About the Area

Miami

View Miami Real Estate →

Browse Miami homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami listings below. Then connect with a Pure Equity Realty agent to schedule a private showing.

Homes for Sale: 10,872
Under Contract: 1,622
Median List Price: $639,800
Median Sale Price (August): $570,000
Median $/Sq Ft: $497
Avg Days on Market: 130

View all 10,872 homes for sale in Miami →

Frequently Asked Questions

How do I schedule a tour of 398 NE 5th Street 2007, Miami, FL 33132?: Use the Tour button on this listing to request a showing of 398 NE 5th Street 2007, Miami, FL 33132. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity Realty agent will confirm your visit, often the same day.
Is 398 NE 5th Street 2007, Miami, FL 33132 still available?: 398 NE 5th Street 2007, Miami, FL 33132 is currently listed as Active, and has been on the market 14 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
How much is the monthly payment for 398 NE 5th Street 2007, Miami, FL 33132?: With 20% down ($115,800) on the $579,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 2007, Miami, FL 33132 is about $3,043/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
How do I get pre-approved to buy 398 NE 5th Street 2007, Miami, FL 33132?: Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 398 NE 5th Street 2007, Miami, FL 33132. Contact Pure Equity Realty and we'll connect you with a trusted local lender to review your financing options, no obligation.
Does 398 NE 5th Street 2007, Miami, FL 33132 have an HOA fee?: Yes: 398 NE 5th Street 2007, Miami, FL 33132 carries an HOA fee of about $600 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
What schools serve 398 NE 5th Street 2007, Miami, FL 33132?: 398 NE 5th Street 2007, Miami, FL 33132 is zoned for Frederick Douglass (elementary), Jose De Diego (middle), Booker T. Washington (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
Can I negotiate the price of 398 NE 5th Street 2007, Miami, FL 33132?: Often, yes. The right offer on 398 NE 5th Street 2007, Miami, FL 33132 depends on how it's priced against comparable condo sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity Realty will run the comps and help you craft a competitive, well-supported offer.

Listing courtesy of EXP Realty LLC

Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity Realty. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 23, 2026.

$579,000