Video tour
$8,193 Closing Credit¹
#A11709519, Celmar Lanna PA, Listing Office: London Foster Realty
$690,000 List price
398 NE 5th St Unit 2602 Miami, FL 33132
$8,194
Closing credit¹
0 beds
1 full
430 sqft
$1,605 / sqft
Condo
Property details
About 398 NE 5th St Unit 2602
For Sale: Unit 2602 at The Elser in Miami offers a stunning, newly built, income-producing condo-hotel property in the heart of downtown. This fully furnished studio/ 1-bathroom / full kitchen unit boasts breathtaking views of the Miami skyline and Biscayne Bay, with a modern design and top-of-the-line finishes. The Elser provides an ideal investment opportunity with its lucrative condo-hotel rental program, no assessments, and a prime location near world-class dining, shopping, and entertainment. Enjoy resort-style amenities including a rooftop pool, fitness center, and concierge services, all while benefiting from the property’s income potential. Don’t miss out on this exceptional opportunity! Investor savy building!
Highlights
Home typeCondominium
HeatingOther
StatusActive
CoolingCentral Air
Size430 sqft
Year built2022
ParkingValet
MLS #A11756355
Garage1 space
ViewCity, Intercoastal
Virtual tour
Summary
- MLS Number: A11756355
- 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: 3/13/2025, 8:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$690,000
398 NE 5th St Unit 2602
$8,194
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
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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. Residents of Miami, FL typically earn less than $<35k each year. Typical family type is 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 2602
This home is located at 398 NE 5th St Unit 2602 in Miami, FL and zip code 33132 in the Downtown neighborhood. This 430 square foot home was built in 2022. Features: 0 bedroom, 1 bathroom. It has been listed on Rocket Homes since March 5, 2025 and is currently priced at $690,000.
In February 2025, from all listings sold in Miami, FL there were more than 29 sold above asking price, over 420 sold below and more than 87 were sold right at the asked price. The inventory of homes for sale in Miami, FL between January and February 2025 increased by 13.9%. In February 2025, listings were on the market for 74 days. During the same period, the median list price in this real estate market was $577,686.
From Rocket Homes Real Estate and based on county public records data.