$450,000
PENDING $95K PRICE DROP

The Elser 398 NE 5th St Unit 1516 Miami, FL 33132

Downtown Miami Neighborhood

Estimated payment $3,796/month

Total Views 6,221
-- Bed
1 Bath
362 Sq Ft
$1,243 Price per Sq Ft

Highlights

  • Doorman
  • 3-minute walk to College/Bayside
  • Fitness Center
  • Ocean View
  • Bar or Lounge
  • Clubhouse

About This Home

Turnkey studio with water and skyline views at Downtown Miami’s premier condo-hotel, The Elser Hotel & Residences. Fully furnished with smart access, floor-to-ceiling windows, and designer finishes. Prime location steps from Bayfront Park, Kaseya Center, Bayside, and Miami Worldcenter. Enjoy resort-style amenities: rooftop pool with massive LED screen, full gym, spa, lounge, bar, and 24/7 concierge. Flexible short-term rental use allowed through In-House and approved management companies. Ideal for personal use and income generation when not in residence.

Listing Agent

Joseph Mooradian

Real Broker LLC License #3237004 Listed on: 03/20/2025

Real Broker LLC

Co-Listing Agent

Patrick Mullaney

Real Broker LLC License #3413488

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,444

Year Built

  • Built in 2022

HOA Fees

  • $557 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Property Views

  • Ocean

Home Design

  • Condo Hotel
  • Concrete Block And Stucco Construction

Interior Spaces

  • 362 Sq Ft Home
  • Furnished
  • Built-In Features
  • Ceramic Tile Flooring

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Studio bedroom
  • Closet Cabinetry
  • 1 Full Bathroom
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Accessible Elevator Installed
  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-37-078-5120

Community Details

Overview

  • 646 Units
  • High-Rise Condominium
  • Elser Hotel & Residences Condos
  • Elser Hotel & Residences,The Elser Subdivision
  • Property has 1 Level

Amenities

  • Doorman
  • Valet Parking
  • Community Barbecue Grill
  • Clubhouse
  • Business Center
  • Bar or Lounge
  • Elevator

Recreation

  • Fitness Center
  • Heated Community Pool

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,444

Year Built

Built in 2022

Lot Details

0

HOA Fees

$557 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2022
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: RTKY01
  • Co List Office Phone: 855-450-0442
  • Directions: From 395 east exit at NE 2nd Ave. Go right to NE 5th St and go left. Building is on the corner of NE 5th & Biscayne Blvd.
  • Entry Level: 15
  • Garage Yn: Yes
  • Horses: No
  • Unit Levels: 1
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: Elser Hotel & Residences,The Elser
  • Year Built Details: Condo-Hotel
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Interior Amenities: Built-in Features, Closet Cabinetry, Elevator
  • Full Bathrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor
  • Furnished: Furnished, Turn Key Furnished
  • Living Area: 362
  • Stories: 49
  • Window Features: Complete Impact Glass, High Impact Windows
  • Bedroom Features: Entry Level, Primary Bath Shower, Studio
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Ocean View, Skyline, Water View
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Elser Hotel & Residences
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Valet

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector, Doorman

Condo/Co-op/Association

  • Association Fee: 557
  • Amenities: Bar, Barbecue, Business Center, Clubhouse-Clubroom, Elevator(s), Exercise Room, Exterior Lighting, Heated Pool, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-37-078-5120

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Multi Family

  • Number Of Units In Community: 646
  • Number Of Units Total: 646

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9444

Map

About The Elser

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,160 $471,400 -- --
2024 $9,690 $471,400 -- --
2023 $9,690 $447,830 -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2025 08/20/25 Pending -- -- --
07/30/2025 07/30/25 Price Changed $450,000 -5.3% $1,243 / Sq Ft
06/11/2025 06/11/25 Price Changed $475,000 -4.8% $1,312 / Sq Ft
05/22/2025 05/22/25 Price Changed $499,000 -3.9% $1,378 / Sq Ft
04/09/2025 04/09/25 Price Changed $519,000 -4.8% $1,434 / Sq Ft
03/20/2025 03/20/25 For Sale $545,000 -- $1,506 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Certificate Of Transfer $401,200 --
Certificate Of Transfer $401,200 --
Special Warranty Deed $569,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $398,300 New Conventional
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11763592

MIAMI REALTORS® MLS

APN: 01-4137-078-5120

Florida Miami/Dade County Miami 33132 Downtown Miami

398 NE 5th St Unit 1516, Miami, FL

This home is located at 398 NE 5th St Unit 1516, Miami, FL 33132 and is currently priced at $450,000, approximately $1,243 per square foot. This property was built in 2022. 398 NE 5th St Unit 1516 is a home located in Miami-Dade County with nearby schools including Frederick R. Douglass Elementary, Jose De Diego Middle School, and Booker T. Washington Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Joseph Mooradian
Listing Agent
Joseph Mooradian
Section Image
Real Broker LLC
(645) 400-9004