$6,994 Closing Credit¹
#A11760879, Daniele Semerano, Listing Office: Grand Lion Real Estate Group LLC
#RX-11094556·
Listing office: Heartland Realty Group LLC·
Listing agent: Gulay Ozer·
Listing agent phone: (954) 937-5406·
Listing office phone: (561) 324-4232
$589,000 List price
398 NE 5th St Unit 2503 Miami, FL 33132
$6,994
Closing credit¹
0 beds
1 full
439 sqft
$1,342 / sqft
Condo
Property details
About 398 NE 5th St Unit 2503
Enjoy the best of both worlds--own your Miami pied-a-terre and generate income through the on-site hotel rental program whenever you're away! Experience the perfect blend of luxury and investment at The Elser Hotel & Residences in Downtown Miami! This fully furnished studio offers modern decor, a king-size bed, pull-out couch, and a sleek kitchen with high-end appliances. Enjoy stunning views of Biscayne Bay and Miami Beach. Approved for short-term rentals (Airbnb/VRBO), it's ideal for INVESTORS and VACATIONERS alike. Amenities include a wrap-around pool, 2-story gym, rooftop lounge, valet, and concierge. Steps from Bayside, Kaseya Center, Port of Miami, and more. Own a turn-key gem in the heart of Miami's most vibrant neighborhood!
Highlights
Home typeCondominium
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Electric
Size439 sqft
Year built2022
ParkingAssigned, Covered
MLS #RX-11094556
Garage1 space
WaterfrontBay
ViewBay
Virtual tour
Summary
- Full Bathrooms: 1
- Appliances: Dishwasher, Disposal, Dryer, Fire Alarm, Microwave, Electric Range, Washer
- Flooring Type: Tile
- Interior: Closet Cabinets
- Garage Space: 1 space
- Attached Garage: No
- Private Pool: No
- Parking: Assigned, Covered
- Waterfront: Bay
- View: Bay
- Exterior: Open Balcony
- Heating: Central, Electric
- Cooling: Central Air, Electric
- List Price: $589,000
- Price/SqFt: $1,341
- HOA Amount: $455 Monthly
- Directions: The building is located at 398 NE 5th Street, on the corner of NE 5th St and NE 4th Ave, near Bayside Marketplace and the Kaseya Center.
- Year Built: 2022
- Stories: 49
- Living Area: 439 SqFt
- MLS Number: RX-11094556
- Office Name: Heartland Realty Group LLC
- Office Phone: (561) 324-4232
- Listing Agent: Gulay Ozer
- Agent Phone: (954) 937-5406
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This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/30/2025, 7:20:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$589,000
398 NE 5th St Unit 2503
$6,994
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. The most common annual income of people living in Miami, FL is less than $<35k. The majority of families are single, no kids. The majority of 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 2503
The listing price of 398 NE 5th St Unit 2503 property is $589,000.
The property 398 NE 5th St Unit 2503 is a condo located in Miami, Florida, 33132.
Active Listing: 398 NE 5th St Unit 2503 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 398 NE 5th St Unit 2503 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 2503 has 0 bedroom and 1 bathroom.
The property 398 NE 5th St Unit 2503 is 439 SqFt (source: MLS/tax record).
The year of construction for 398 NE 5th St Unit 2503 is 2022.
This home is located at 398 NE 5th St Unit 2503 in Miami, FL and zip code 33132 in the Downtown neighborhood. This 439 square foot home was built in 2022. Features: 0 bedroom, 1 bathroom. It has been listed on Rocket Homes since May 29, 2025 and is currently priced at $589,000.
While more than 63 listings in Miami, FL in April 2025 were sold above asking price, there were more than 119 listings sold at asking price, and more than 593 were sold below. In April 2025 in Miami, FL there were 9.2% more homes for sale than in March. Listings spent 73 days on the market in April 2025, and had a median list price of $585,104 during the same period.
From Rocket Homes Real Estate and based on county public records data.