Tour
$7,796 Closing Credit¹
#A11779809, Christina Crespo, Listing office: Majestic Properties LLC
$635,000 List price
398 NE 5th St Unit 2704 Miami, FL 33132
$7,541
Closing credit¹
1 bed
1 full
443 sqft
$1,433 / sqft
Condo
Property details
About 398 NE 5th St Unit 2704
Experience luxury and income potential in this fully furnished 1-bed, 1-bath condo/hotel at The Elser, a 49-story tower completed in 2022. Enrolled in the short-term rental program for daily income and flexible use. Enjoy bay and ocean views, porcelain tile floors, and modern finishes. Amenities include a resort-style pool deck, two-level fitness studio, yoga platform, theater lawn, cocktail bar, restaurant, café, and co-working space. Prime location at Biscayne Blvd & NE 5th St, steps from Brightline Station, Bayfront Park, Kaseya Center, and the newly opened Miami Worldcenter—a 27-acre mixed-use development featuring retail, dining, and entertainment options. Ideal for investors or vacation use.
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Size443 sqft
Year builtNew Const., 2022
ParkingDetached, Garage, One Space, Valet
MLS #A11811947
Garage1 space
WaterfrontOther
ViewBay, Intercoastal, Water
Virtual tour
Summary
- Full Bathrooms: 1
- Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Washer
- Flooring Type: Ceramic Tile, Other
- Interior: Breakfast Bar, Bedroom on Main Level, Breakfast Area, Closet Cabinetry, Kitchen/Dining Combo, Main Living Area Entry Level, Walk-In Closet(s), Elevator, Bar
- Total Bedroom Count: 1
- Garage Space: 1 space
- Attached Garage: No
- Parking: Detached, Garage, One Space, Valet
- Waterfront: Other
- View: Bay, Intercoastal, Water
- Exterior: Balcony, Security/High Impact Doors
- Architectural Style: High Rise
- Heating: Central
- Cooling: Central Air
- List Price: $635,000
- Price/SqFt: $1,433
- HOA Amount: $495 Monthly
- Directions: The Elser Hotel & Residences is located at 398 NE 5th Street, Miami, FL 33132. Steps from the Brightline Station, Kaseya Center, and Bayfront Park. Easy access to I-95, Brickell, Wynwood, and the Port of Miami—the new Cruise Capital of the World.
- Year Built: 2022
- Stories: 1
- Living Area: 443 SqFt
- MLS Number: A11811947
- MLS Name: SEFMIAMI
- Office Name: Douglas Elliman
- Office Phone: (305) 695-6300
- Office Email: iakhrass@elliman.com
- Listing Agent: Anthony Criscito PA
© 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: 6/23/2025, 3:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$635,000
398 NE 5th St Unit 2704
$7,541
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 majority of Miami, FL residents have income less than $<35k annually. Residents typically live in single, no kids family. 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 2704
The listing price of 398 NE 5th St Unit 2704 property is $635,000.
The property 398 NE 5th St Unit 2704 is a condo located in Miami, Florida, 33132.
Active Listing: 398 NE 5th St Unit 2704 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 398 NE 5th St Unit 2704 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 2704 has 1 bedroom and 1 bathroom.
The property 398 NE 5th St Unit 2704 is 443 SqFt (source: MLS/tax record).
The year of construction for 398 NE 5th St Unit 2704 is 2022.
This home is located at 398 NE 5th St Unit 2704 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 May 30, 2025 and is currently priced at $635,000.
In May 2025 more than 53 listings in Miami, FL were sold above the asking price. During the same period more than 98 listings were sold at asking price, while more than 602 were sold below. In May 2025 in Miami, FL there were 8.2% more homes for sale than in April. In May 2025, listings were on the market for 68 days. During the same period, the median list price in this real estate market was $585,197.
From Rocket Homes Real Estate and based on county public records data.