398 NE 5th Street 3811, Miami, FL 33132

$1,335,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 818 Status: Active
Current Price: $1,335,000 List Date: 2/21/2026 Last Modified: 10/31/2026

Overview

Description

Unit 3811 at Elser Hotel & Residences is a stunning 2-bedroom, 2-bathroom residence offering breathtaking bayfront and direct water views. From its elevated position, enjoy spectacular panoramas of the park and Biscayne Bay, with unforgettable sunrises and vibrant city lights at night.The unit is fully furnished and turnkey, ready to be occupied immediately or placed into income production from day one. Floor-to-ceiling windows flood the space with natural light, enhancing the modern design and showcasing the incredible waterfront scenery.Located in one of Downtown Miami’s most desirable buildings, the residence allows short-term rentals, including daily rentals, making it an exceptional opportunity for investors seeking strong income potential, as well as end users who value flexibility.A rare opportunity to own a prime waterfront property with spectacular views and full short-term rental freedom.

Listing Details MLS# A11969815

General Property Information

Unit Floor #
38
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
818
Living Area Main
818
Adjusted Area Main
818
Year Built
2024
Garage YN
Yes
Garage Spaces
Yes
Covered Spaces
Yes
Senior Community YN
No
Waterfront YN
Yes
Stories Total
55

Property Features

Application Information: 1-2 Weeks Approval Exterior Features: Other Flooring: Other Leasing Permitted Details: Short Term Rentals Allowed Parking Features: Covered; Valet Property Condition: New Construction Appliances: Other Architectural Style: Other Construction Materials: Block Cooling: Central Air Association Type: Condominium Heating: Other Interior Features: Other Listing Terms: Cash; Conventional Other Equipment: Other Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Negotiable Security Features: Other Tax Information: Tax Reflects No Exemptions View: Water Water Access: Other Water View: Bay; Intracoastal Waterfront Features: Bayfront; Ocean Front Showing Requirements: Appointment Only; Showing Service

Contract Information

Comp Sale YN
No
Original List Price
1385000
Occupant Type
Tenant

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
398
Street Direction Prefix
NE
Street Name
5th
Street Suffix
Street
Unit Number
3811
City Name
Miami
Municipal Code
Yes
State Or Province
FL
Postal Code
33132
Postal Code +4
2165
Postal Zip
33132
Subdivision Name
MAP OF MIAMI DADE CO. FL.
Area
2420
Elementary School
Frederick Douglass
Middle Or Junior School
Jose De Diego
High School
Booker T. Washington
Special Assessment YN
No
Parcel Number
0141370783650
Subdivision Number
78
Flood Zone
X

Financial Information

Association YN
Yes
Association Fee
1543
Association Fee Frequency
Monthly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
1543
Membership Fee Required YN
No
Tax Annual Amount
23931
Tax Year
2025
Tax Legal Description
398 NE 5TH STREET CONDO UNIT 3811 UNDIV 0.2071% INT IN COMMON ELEMENTS OFF REC 33416-1520

Status Change Information

Major Change Timestamp
2026-10-06T14:48:19Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-10-06T14:48:19Z
Status Change Date
2026-02-21

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Leasing Permitted Details

Leasing Permitted YN
Yes

Parking Information

Open Parking Spaces
Yes

Leasing Restrictions

Leasing - Max Times Per Year
365
Leasing - Minimum Number of Days
Yes

Price Calculations

Current Price To SqFt
1632.02

Section Details

Parcel Number MLX
3650

Originating Details

Originating System Key
428282035
Originating System ID
M00000151
IDX
Listing Office: COSMORE Florida Corp.
Source MLS Verified
Last Updated: October - 31 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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