Video tour
$7,956 Closing Credit¹
#A11728886, Minerva Arboleya, Listing Office: Related ISG Realty, LLC.
$680,000 List price
398 NE 5th St Unit 2506 Miami, FL 33132
$8,075
Closing credit¹
1 bed
1 full
443 sqft
$1,535 / sqft
Condo
Property details
About 398 NE 5th St Unit 2506
Investor friendly opportunity at The Elser of Miami. This unique 25th floor studio is ideal for an income producing property or for an owner who wants the hotel vibe for a home. Unit 2506 is enrolled in the hotel program and offers a low HOA with great return. Located on Biscayne bay with breathtaking views. Nightly rentals permitted either through hotel program or 2 other approved vacation rental companies otherwise 181 day min lease required for rentals.
Highlights
Home typeCondominium
HeatingOther
StatusActive
CoolingCentral Air
Size443 sqft
Year built2022
ParkingOne Space
MLS #A11684359
Garage1 space
WaterfrontOther
ViewOther
Virtual tour
Summary
- MLS Number: A11684359
- MLS Name: SEFMIAMI
- Office Name: London Foster Realty
- Office Phone: (305) 514-0100
- Office Email: listings@londonfoster.net
- Listing Agent: Daniel Mordechai
© 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: 3/12/2025, 9:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$680,000
398 NE 5th St Unit 2506
$8,075
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
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. Typical family type is single, no kids. Residents of this area typically 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 2506
This home is located at 398 NE 5th St Unit 2506 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 November 1, 2024 and is currently priced at $680,000.
While more than 29 listings in Miami, FL in February 2025 were sold above asking price, there were more than 87 listings sold at asking price, and more than 420 were sold below. The number of listings in Miami, FL increased by 13.9% between January and February 2025. The median list price of listings available in February 2025 was $577,686, while the average time on the real estate market was 74 days.
From Rocket Homes Real Estate and based on county public records data.