Price reducedMLS® A12055966

$539,000

↓ Price reduced $40,000 on Sep 21, 2026

398 NE 5th Street 2007, Miami, FL 33132

Beds: 0
Baths: 1
Sqft: 442

Est. payment$4,453/mo

Home type: Condominium
Year built: 2022
Lot size: —
Price / sqft: $1,219
HOA: $600/mo
Community: MAP OF MIAMI DADE CO. FL.

Property description

NEW PRICE — Turnkey investment opportunity at The Elser with documented rental history and immediate participation in the building’s established hotel rental program. Unit 2007 is a fully furnished 442 SF hotel unit offering Kaseya Center skyline and partial Biscayne Bay views, a king-size bed, sofa bed, full kitchen, in-unit washer/dryer and secure keyless entry. Unlike purchasing new construction and waiting for completion, this is a completed 2022 property with an operating rental program and actual rental history available for buyer review. The unit is currently enrolled in The Elser’s professionally managed short-term rental program, offering flexible daily, weekly and long-term rentals together with personal-use flexibility. Amenities include a wraparound pool deck, bar and restaurant, two-story fitness center, 24/7 concierge, valet parking and Beach Club access. Ideally located in Downtown Miami near Kaseya Center, Bayside Marketplace, Brightline and Biscayne Bay.

Listing activity

Days on market: 63
Listed: Jul 20, 2026
MLS listing updated: Sep 21, 2026
Feed last checked: 10 minutes ago

Listed by Alvaro Andres Del Busto · EXP Realty LLC

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 0
Bathrooms: 1
Bathrooms (decimal): 1
Full bathrooms: 1
Half bathrooms: 0

Rooms & features

Rooms: 0
Interior features: Built-in Features, Closet Cabinetry
Appliances: Dishwasher, Dryer, Electric Range, Microwave, Washer
Window features: Blinds, Insulated Windows

Heating & cooling

Heating: Central
Cooling: Central Air

Property

Parking

Garage spaces: 1
Garage: Yes
Covered spaces: 1
Parking features: Valet
Attached garage: No

Exterior

Stories: 49
Building area: 442 sqft
Entry level: 1
Exterior features: Balcony
View: Bay
Waterfront property: No

Construction

Type & style

Home type: Condominium
Year built: 2022
New construction: Yes

Materials

Construction: CBS
Property condition: New Construction

Utilities & green energy

Utilities

Green features: Appliances, Construction, HVAC, Lighting, Thermostat

Community & HOA

Community

Subdivision: MAP OF MIAMI DADE CO. FL.
MLS area: 2420
Security: Elevator Secure, Fire Alarm, Fire Sprinkler System, Lobby - Attended, Secured Garage/Parking, Security Guard, Security Patrol, Security System
Pets allowed: Yes
55+ community: No

Association

Has association: Yes
Association fee: $600 monthly
Estimated monthly dues: $600
Amenities: Maintenance, Pool, Bar, Business Center, Clubhouse, Elevator(s), Fitness Center, Heated Pool, Management, Picnic Area, Playground, Private Beach Pavilion, Sauna, Spa/Hot Tub
Services included: Recreation Facility, Pool Service, Common Areas, Elevator, Internet, Maintenance Grounds, Maintenance Structure, Reserve Funds, Roof Repairs, Security, Sewer, Trash, Water

Lease details

Not reported by the listing source.

Location

Area details

City: Miami
County: Miami-Dade
ZIP code: 33132

Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number: A12055966
Possession: Negotiable
Original list price: $650,000
Parcel number: 0141370782110
Annual property tax: $9,430
Tax year: 2025
Tax legal description: 398 NE 5TH STREET CONDO UNIT 2007 UNDIV 0.1119% INT IN COMMON ELEMENTS OFF REC 33416-1520

Additional MLS details

Reported by the listing source

Association Amenities: Maintenance, Pool, Bar, Business Center, Clubhouse, Elevator(s), Fitness Center, Heated Pool, Management, Picnic Area, Playground, Private Beach Pavilion, Sauna, Spa/Hot Tub
Association Fee Frequency: Monthly
Association Fee Includes: Recreation Facility, Pool Service, Common Areas, Elevator, Internet, Maintenance Grounds, Maintenance Structure, Reserve Funds, Roof Repairs, Security, Sewer, Trash, Water
Association: Yes
Bathrooms Total Decimal: 1
Bathrooms Total Integer: 1
Building Area Total: 442
Construction Materials: CBS
County Or Parish: Miami-Dade
Days On Market: 63
Elementary School: Frederick Douglass
Green Energy Efficient: Appliances, Construction, HVAC, Lighting, Thermostat
High School: Booker T. Washington
List Price: 539000
Listing Contract Date: 2026-07-20
Living Area: 442
MLSArea Major: 2420
Middle Or Junior School: Jose De Diego
Mls Status: Active
On Market Date: 2026-07-20
Photos Count: 27
Postal Code: 33132
Price Change Timestamp: 2026-09-21T19:36:19Z
Property Sub Type: Condominium
Property Type: Residential
Rooms Total: 0
Security Features: Elevator Secure, Fire Alarm, Fire Sprinkler System, Lobby - Attended, Secured Garage/Parking, Security Guard, Security Patrol, Security System
Senior Community: No
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-07-20T04:00:00Z
Stories Total: 49
Subdivision Name: MAP OF MIAMI DADE CO. FL.
Tax Annual Amount: 9430
Bathrooms Full: 1
Bedrooms Total: 0
Waterfront: No
Bathrooms Half: 0
Financial Information: Estimated Monthly Assoc Recurring Fee: 600

Market value

Automated estimate—No licensed valuation source connected

Estimated sales range—Ask Karim for a local market analysis

Estimated rent—No licensed rental valuation source connected

Price history

Date	Event	Price
Jul 20, 2026	ListedMIAMI REALTORS® MLS	$650,000$1,471/sqft
Sep 21, 2026	Price reducedMIAMI REALTORS® MLS	$539,000$1,219/sqft

Public tax history

Year	Property taxes	Assessment
2025	$9,430	—

Payment calculator

Estimated monthly payment$4,453/moIllustrative estimate, not a loan offer.

Loan typeDown payment (%)Interest rate assumption (%)Loan termInsurance / month

Principal & interest: $2,797
Property taxes: $786
Insurance: $270
Association dues: $600

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

MAP OF MIAMI DADE CO. FL.

Miami · Miami-Dade County · 33132

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Frederick DouglassElementary

—

Jose De DiegoMiddle

—

Booker T. WashingtonHigh

—

School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

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