$1,180,000
$100K PRICE DROP

The Elser 398 NE 5th St Unit 4518 Miami, FL 33132

Downtown Miami Neighborhood

Estimated payment $9,846/month

Total Views 832
3 Beds
3 Baths
1,135 Sq Ft
$1,040 Price per Sq Ft

Highlights

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

About This Home

Discover perfection in this fully furnished 3BR/3BA corner unit at The Elser Hotel & Residences. Floor-to-ceiling windows and a 180 balcony capture breathtaking Biscayne Bay and city views. Enjoy 9'2" ceilings, premium kitchen appliances, and smart home features throughout this Downtown Miami gem.
Ideal for investors with unrestricted short-term rentals or enjoy the sunrise AND sunset from your own balcony. Luxury living as its best.
Exceptional amenities include rooftop infinity pool, 24/7 concierge, valet, and fitness center.
Steps from Bayfront Park, Michelin dining, and vibrant Biscayne Boulevard. A rare blend of elegance, location, and investment potential.
Tour this extraordinary opportunity today!

Closing upon court approval.

Listing Agent

Sonia Desrois

Barnes International Realty, LLC License #3624777 Listed on: 05/06/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $25,247

Year Built

  • Built in 2022

Lot Details

  • Property Fronts a Bay or Harbor
  • End Unit

HOA Fees

  • $1,486 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

  • Intracoastal
  • Bay

Home Design

  • Condo Hotel
  • Entry on the 45th floor

Interior Spaces

  • 1,135 Sq Ft Home
  • Furnished
  • Tile Flooring
  • Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 3 Full Bathrooms

Home Security

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • East of U.S. Route 1

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 01-41-37-078-6100

Community Details

Overview

  • High-Rise Condominium
  • The Elser Condos
  • Map Of Miami Dade Co. Fl. Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • 47-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Business Center
  • Bar or Lounge
  • Secure Lobby
  • Bike Room
  • Elevator

Recreation

  • Fitness Center
  • Heated Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$25,247

Year Built

Built in 2022

Lot Details

0

HOA Fees

$1,486 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2022
  • Ownership: Limited Partnership
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Directions: Please use GPS
  • Entry Level: 45
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: MAP OF MIAMI DADE CO. FL.
  • Year Built Details: Condo-Hotel
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Closet Cabinetry, Walk-In Closet(s)
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Tile
  • Furnished: Furnished
  • Living Area: 1135
  • Other Equipment: Elevator
  • Stories: 47
  • Bedroom Features: None

Exterior Features

  • View: Bay, Intracoastal View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: Concrete Block Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: The Elser
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Valet, No Rv/Boats, No Trucks/Trailers

Utilities

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

Condo/Co-op/Association

  • Association Fee: 1486
  • Amenities: Bar, Bike Storage, Business Center, Elevator(s), Exercise Room, Exterior Lighting, Heated Pool, Other, Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-37-078-6100

Rental Info

  • Pets Allowed: No, Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 25247

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 $23,984 $1,159,424 -- --
2024 $27,856 $1,260,243 -- --
2023 $27,856 $1,287,345 -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2025 08/07/25 Price Changed $1,180,000 -7.8% $1,040 / Sq Ft
05/06/2025 05/06/25 For Sale $1,280,000 -- $1,128 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11806748

MIAMI REALTORS® MLS

APN: 01-4137-078-6100

Florida Miami/Dade County Miami 33132 Downtown Miami

398 NE 5th St Unit 4518, Miami, FL

This home is located at 398 NE 5th St Unit 4518, Miami, FL 33132 and is currently priced at $1,180,000, approximately $1,039 per square foot. This property was built in 2022. 398 NE 5th St Unit 4518 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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Listing Agent
Sonia Desrois
Section Image
Barnes International Realty, LLC
(645) 300-1733