$585,000
NEW CONSTRUCTION $15K PRICE DROP

The Elser 398 NE 5th St Unit 4207 Floor 42 Miami, FL 33132

Downtown Miami Neighborhood

Estimated payment $4,802/month

Total Views 2,451
-- Bed
1 Bath
442 Sq Ft
$1,324 Price per Sq Ft

Highlights

  • Ocean Front
  • 3-minute walk to College/Bayside
  • New Construction
  • Fitness Center
  • Intracoastal View
  • Community Pool

About This Home

The best investments begin with vision. One of the best-priced residences at The Elser , this fully furnished turnkey residence is professionally managed for short-term rentals, offering a seamless ownership experience in the heart of Downtown Miami. Ideally positioned along Biscayne Boulevard , adjacent to the iconic Waldorf Astoria Residences Miami and surrounded by transformative developments including Miami Worldcenter , Brightline, Kaseya Center and Bayside. Perfectly situated within one of Miami's most prestigious luxury growth corridors, this residence presents an exceptional opportunity to enjoy today while investing in tomorrow.

Listing Agent

Claudia Montenegro

Related General Realty, LLC. License #3297418 Listed on: 06/27/2025

Related General Realty, LLC.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,772

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Ocean Front
  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor

HOA Fees

  • $679 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

Home Design

  • Condo Hotel
  • Entry on the 42nd floor

Interior Spaces

  • 442 Sq Ft Home
  • Ceramic Tile Flooring
  • Dryer

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • Studio bedroom
  • 1 Full Bathroom

Home Security

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Accessible Elevator Installed
  • Balcony
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 01-41-37-078-2330

Community Details

Overview

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

Amenities

  • Secure Lobby
  • Elevator

Recreation

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,772

Year Built

Built in 2022 | New Construction

Lot Details

0 Sq Ft Lot

HOA Fees

$679 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2022
  • Property Sub Type: Condominium
  • Entry Level: 42
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: MAP OF MIAMI DADE CO. FL.
  • Year Built Details: Effective Year Built
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 585000
  • InternetRemarks: Downtown Miami , call to listing agent
  • ShowingTimeFlag: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave
  • Interior Amenities: Lobby, First Floor Entry, Elevator
  • Full Bathrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor
  • Living Area: 442
  • Other Equipment: Elevator
  • Stories: 49
  • Bedroom Features: Studio

Exterior Features

  • View: Bay, Intracoastal View, Other View
  • Exterior Features: East Of Us1, Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Intracoastal Front, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: THE ELSER
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Additional Spaces Available

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Elevator Secure, Lobby Secured, Other

Condo/Co-op/Association

  • Association Fee: 679
  • Amenities: Elevator(s), Exercise Room, Pool, Private Pool
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-37-078-2330

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 11772

Map

About The Elser

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/18/2026 05/18/26 Price Changed $585,000 +3.5% $1,324 / Sq Ft
11/24/2025 11/24/25 Price Changed $565,000 -5.8% $1,278 / Sq Ft
06/27/2025 06/27/25 For Sale $600,000 -- $1,357 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11829784

MIAMI REALTORS® MLS
Florida Miami/Dade County Miami 33132 Downtown Miami

398 NE 5th St Unit 4207, Miami, FL

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.

Nearby Homes
Claudia Montenegro
Listing Agent
Claudia Montenegro
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Related General Realty, LLC.
(786) 981-4639
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