Tour
$6,828 Closing Credit¹
#A11773278, Helmer Olaya, Listing office: Olaya International Realty LLC
$579,000 List price
398 NE 5th St Unit 1706 Miami, FL 33132
$6,876
Closing credit¹
1 bed
1 full
443 sqft
$1,307 / sqft
Condo
Property details
About 398 NE 5th St Unit 1706
Welcome to The Elder 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. Residents 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 Elder 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 all in one.
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Size443 sqft
Year built2022
ParkingAttached, Covered, Garage, One Space, Valet
MLS #A11789023
Attached garage1 space
ViewOther
Virtual tour
Summary
- Full Bathrooms: 1
- Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
- Interior: Bedroom on Main Level, Elevator
- Total Bedroom Count: 1
- Garage Space: 1 space
- Attached Garage: Yes
- Parking: Attached, Covered, Garage, One Space, Valet
- View: Other
- Exterior: Security/High Impact Doors
- Architectural Style: High Rise
- Heating: Central
- Cooling: Central Air
- List Price: $579,000
- Price/SqFt: $1,307
- HOA Amount: $494 Monthly
- Year Built: 2022
- Living Area: 443 SqFt
- MLS Number: A11789023
- MLS Name: SEFMIAMI
- Office Name: Related ISG Realty, LLC.
- Office Phone: (305) 932-6365
- Office Email: info@relatedisgrealty.com
- Listing Agent: Minerva Arboleya
© 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/28/2025, 7:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$579,000
398 NE 5th St Unit 1706
$6,876
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
4
Downtown Miami Charter School
Public Charter KG-6
0.6 mi
•305 NW 3rd Ave
6
Frederick R. Douglass Elementary School
Public District PK-5
0.8 mi
•314 NW 12th St
8
Miami Children's Museum Charter School
Public Charter KG-5
0.9 mi
•980 MacArthur Cswy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $21,792. Most Miami, FL residents have annual incomes less than $<35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
58%
<35k
26%
35k-100k
16%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
81%
Single, No Kids
5%
Single, with Kids
11%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
1%
12-17 yrs old
40%
18-34 yrs old
36%
35-64 yrs old
18%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Tennis
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Crate & Barrel
Banana Republic
Where do the neighbors go to eat?
Chipotle
Starbucks
Jack In The Box
What do the neighbors drive?
Volkswagen
BMW
Toyota
What do the neighbors listen to?
Rhythmic Contemporary Hits
News
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 398 NE 5th St Unit 1706
The listing price of 398 NE 5th St Unit 1706 property is $579,000.
The property 398 NE 5th St Unit 1706 is a condo located in Miami, Florida, 33132.
Active Listing: 398 NE 5th St Unit 1706 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 398 NE 5th St Unit 1706 are: Downtown Miami Charter School (GreatSchools Rating 4/10), Frederick R. Douglass Elementary School (GreatSchools Rating 6/10), Miami Children's Museum Charter School (GreatSchools Rating 8/10), Ada Merritt K-8 Center (GreatSchools Rating 10/10), Lincoln-Marti Charter School Little Havana Campus (GreatSchools Rating 8/10), Mater Preparatory Academy (GreatSchools Rating 7/10), New World School of the Arts (GreatSchools Rating 9/10), School for Advanced Studies-Wolfson (GreatSchools Rating 10/10), Law Enforcement Officers Memorial High School (GreatSchools Rating 6/10).
The property at 398 NE 5th St Unit 1706 has 1 bedroom and 1 bathroom.
The property 398 NE 5th St Unit 1706 is 443 SqFt (source: MLS/tax record).
The year of construction for 398 NE 5th St Unit 1706 is 2022.
This home is located at 398 NE 5th St Unit 1706 in Miami, FL and zip code 33132 in the Downtown neighborhood. This 443 square foot home was built in 2022. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since April 23, 2025 and is currently priced at $579,000.
Over 53 listings were sold over their listed price in May 2025 in Miami, FL. In the same period over 602 listings were sold below the listed price and 98 listings were sold for the listed price. The inventory of homes for sale in Miami, FL between April and May 2025 increased by 8.2%. Listings spent 68 days on the market in May 2025, and had a median list price of $585,197 during the same period.
From Rocket Homes Real Estate and based on county public records data.