$579,000

The Elser 398 NE 5th St Unit 1706 Floor 17 Miami, FL 33132

Downtown Miami Neighborhood

Estimated payment $4,462/month

Total Views 2,468
1 Bed
1 Bath
443 Sq Ft
$1,307 Price per Sq Ft

Highlights

  • Valet Parking
  • 3-minute walk to College/Bayside
  • Furnished
  • Fitness Center
  • Clubhouse
  • Heated Community Pool

About This Home

Welcome to The Elser Hotel & Residences in Downtown Miami. This unit features a fully furnished and equipped turnkey studio with breathtaking views of Biscayne Bay and the Miami skyline. The unit is designed with floor-to-ceiling windows, private balconies, fully equipped kitchen and in-unit washer and dryer. Owners and guests can enjoy a range of luxury amenities including a 132-foot rooftop pool with spacious deck, spa hot tub, two-story fitness center and exclusive beach access on South Beach. The Elser offers flexible rental options, including short-term rentals, making it an attractive option for investors seeking a pied a terre in Miami and passive income rolled into one. Property yields a 6% cap, hassle-free.

Listing Agent

Minerva Arboleya

Related ISG Realty, LLC. License #3547796 Listed on: 04/22/2025

Related ISG Realty, LLC.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,914

Year Built

  • Built in 2022

HOA Fees

  • $494 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Condo Hotel
  • Entry on the 17th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 443 Sq Ft Home
  • Furnished
  • Property Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Accessible Elevator Installed
  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-37-078-1740

Community Details

Overview

  • High-Rise Condominium
  • The Elser Condos
  • The Elser Subdivision
  • 49-Story Property

Amenities

  • Valet Parking
  • Clubhouse
  • Community Center
  • Party Room
  • Secure Lobby

Recreation

  • Fitness Center
  • Heated Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,914

Year Built

Built in 2022

Lot Details

0

HOA Fees

$494 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2022
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 17
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: The Elser
  • Year Built Details: Effective Year Built
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Elevator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Furnished: Furnished
  • Living Area: 443
  • Stories: 49
  • Bedroom Features: Entry Level

Exterior Features

  • View: Other View
  • Construction Type: CBS Construction
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: The Elser
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Covered, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Lobby Secured

Condo/Co-op/Association

  • Association Fee: 494
  • Amenities: Clubhouse-Clubroom, Community Room, Exercise Room, Exterior Lighting, Heated Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-37-078-1740

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 10914

Map

About The Elser

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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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 $10,587 $517,560 -- --
2024 $11,199 $544,800 -- --
2023 $11,199 $517,560 -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2025 04/22/25 For Sale $579,000 -- $1,307 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $687,800 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $407,520 New Conventional
Source: Public Records

About the Listing Agent

Minerva Arboleya
Minerva Arboleya

Related ISG Realty, LLC.

(877) 899-5333

Section Image

Taking cue from the best in the business, Minerva was introduced to the commercial real estate industry during her years of employment at the Bal Harbour Shops, working directly under the helm of visionary developer and founder, Mr. Stanley Whitman. After a ten year stint at the world-renown
Bal Harbour Shops, Minerva was recruited by yet another top developer in the country, The Rouse Company, to open the Village of Merrick Park in 2001. The privilege to be hands-on in the development of

View Minerva's Profile

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Source: MIAMI REALTORS® MLS

MLS Number: A11789023

MIAMI REALTORS® MLS

APN: 01-4137-078-1740

Florida Miami/Dade County Miami 33132 Downtown Miami

398 NE 5th St Unit 1706, Miami, FL

For Sale

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Minerva Arboleya
Minerva Arboleya
Listing Agent Section Image
Related ISG Realty, LLC.
(877) 899-5333