$515,000
$100K PRICE DROP

The Elser 398 NE 5th St Unit 2805 Floor 28 Miami, FL 33132

Downtown Miami Neighborhood

Estimated payment $4,135/month

Total Views 1,292
-- Bed
1 Bath
442 Sq Ft
$1,165 Price per Sq Ft

Highlights

  • Doorman
  • 3-minute walk to College/Bayside
  • Fitness Center
  • Property Fronts a Bay or Harbor
  • Bar or Lounge
  • Furnished

About This Home

Discover the epitome of luxury and convenience with this stunning studio unit in the heart of downtown Miami. Spanning 496 sqft, this fully furnished studio is designed to impress, featuring a fully-equipped kitchen, a plush king-size bed, a pull-out couch, in-unit washer and dryer, and a large flat-screen TV. Floor-to-ceiling windows showcase breathtaking views of Biscayne Bay and the vibrant Miami skyline. Positioned in a prime location, you'll enjoy seamless access to world-class destinations such as the Kaseya Center, Brickell Financial District, and the Port of Miami. The property offers exceptional amenities, including a resort-style pool, a state-of-the-art two-story fitness center, valet parking, and much more. With high income potential and no rental restrictions.

Listing Agent

Handan Gucyilmaz Gunay

Cays LLC License #3565234 Listed on: 04/23/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,281

Year Built

  • Built in 2022

HOA Fees

  • $494 Monthly HOA Fees

Home Design

  • Entry on the 28th floor

Interior Spaces

  • 1 Full Bathroom
  • 442 Sq Ft Home
  • Furnished
  • Tile Flooring
  • Bay Views
  • Video Cameras

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • Assigned Parking

Additional Features

  • Balcony
  • Property Fronts a Bay or Harbor
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-37-078-1510

Community Details

Overview

  • High-Rise Condominium
  • The Elser Condos
  • Map Of Miami Dade Co. Fl. Subdivision
  • 49-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Trash Chute
  • Business Center
  • Bar or Lounge
  • Secure Lobby

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Secure Elevator
  • Clear Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,281

Year Built

Built in 2022

Lot Details

0

HOA Fees

$494 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2022
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 28
  • Road Frontage Type: Bay
  • Garage Yn: No
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: MAP OF MIAMI DADE CO. FL.
  • Year Built Details: Effective Year Built
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 515000
  • InternetRemarks: Luxurious 496 sqft studio in downtown Miami with stunning views, top-tier amenities, and no rental restrictions—perfect for living or investing!
  • ShowingTimeFlag: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 1
  • Flooring: Tile
  • Furnished: Furnished
  • Living Area: 442
  • Stories: 49
  • Window Features: Clear Impact Glass
  • Bedroom Features: Entry Level

Exterior Features

  • View: Bay
  • Exterior Features: Open Balcony
  • Construction Type: Concrete Block Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: The Elser
  • Parking Features: Assigned, Valet

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Fire Alarm, Smoke Detector, Doorman, Elevator Secure, Lobby Secured, TV Camera

Condo/Co-op/Association

  • Association Fee: 494
  • Amenities: Bar, Business Center, Elevator(s), Exercise Room, Other, Pool, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-37-078-1510

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 11281

Map

About The Elser

Range of Values:

--
Value Increase
--
Percent Increase
--
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 $10,942 $534,945 -- --
2024 $11,575 $563,100 -- --
2023 $11,575 $140,775 -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2025 10/17/25 Price Changed $515,000 +3.0% $1,165 / Sq Ft
10/15/2025 10/15/25 Price Changed $500,000 -2.9% $1,131 / Sq Ft
08/01/2025 08/01/25 Price Changed $515,000 -1.0% $1,165 / Sq Ft
06/20/2025 06/20/25 Price Changed $520,000 -1.0% $1,176 / Sq Ft
06/03/2025 06/03/25 Price Changed $525,000 -7.2% $1,188 / Sq Ft
05/21/2025 05/21/25 Price Changed $565,500 -8.0% $1,279 / Sq Ft
04/23/2025 04/23/25 For Sale $615,000 -- $1,391 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $714,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $427,000 Credit Line Revolving
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11788577

MIAMI REALTORS® MLS

APN: 01-4137-078-1510

Florida Miami/Dade County Miami 33132 Downtown Miami

398 NE 5th St Unit 2805, Miami, FL

For Sale

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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Handan Gucyilmaz Gunay
Listing Agent
Handan Gucyilmaz Gunay
Section Image
Cays LLC
(305) 709-9986