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$695,000
398 NE 5th St, #3714, Miami, FL, 33132
1
Bed
2
Baths
665
Square Feet
Joan Bruggink
Largest Bayfront 1-bedroom layout in the building (665 SF), a rare opportunity at The Elser Hotel & Residences.?The spacious layout and rare second full bathroom add rental flexibility compared to most 1-bedrooms in the building, making it suitable for both short-term and long-term rentals.
Approved for daily rentals with flexible management. Priced significantly below recent ’14 line sales and current inventory, presenting a strong value opportunity for buyers looking to scale, flexibility, and long-term upside.
Enjoy stunning bay views and full access to resort-style amenities including rooftop pool with restaurant & bar, hot tub, 2-story fitness center, business center, and ViceVersa, the award-winning lobby bar & restaurant.
Located in the heart of Downtown Miami, steps from Kaseya Center, Port of Miami, and top dining, arts, and nightlife. Positioned within a multi-billion dollar transformation of Downtown Miami, supporting long-term growth and demand.
Offered By
Joan Bruggink, Rivó Real Estate
Property Details
Property Type
Residential Sale
Status
Active
Bedrooms
1
Bathrooms (Full)
2
Property Sub Type
Condominium
Square Feet
665
MLS #
A11864160
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer
Heating
Central
Cooling
Central Air
Year Built
2022
ARCHITECTURAL STYLE
High Rise
EXTERIOR FEATURES
Open Balcony
Parking Features
1 Space
PRIVATE POOL
1
Garage spaces
1
View
Bay, Ocean View, Direct Ocean
CITY
Miami
SUBDIVISION
Map Of Miami Dade Co. Fl.
COUNTY
Miami-Dade County
AREA
Map Of Miami Dade Co. Fl.
STATE
FL
HOA
1
TAX AMOUNT
16309.0
HOA FEE
897.0
HOA FREQUENCY
Monthly
HOA AMENITIES
Bar, Barbecue, Business Center, Elevator(s), Exercise Room, Heated Pool, Pool, Private Pool, Putting Green, Spa/Hot Tub
LATEST UPDATE
2026-04-10T18:46:07.290Z
DAYS ON MARKET
221
PRICE CHANGE(S)
$745,000 Sep 1, 2025
$695,000 Apr 10, 2026
Property Details
Property Type
Residential Sale
Status
Active
Bedrooms
1
Bathrooms (Full)
2
Property Sub Type
Condominium
Square Feet
665
MLS #
A11864160
New Properties On Market
234
14%
Increase In New Listings
Average Asking Price
$434,622
$715,688 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$112
$413 Decrease In List Price/Sq. Ft.
Average Days On Market
5
15 Day
Decrease In Days On Market
Data as of Jun 04, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
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The information provided by this calculator is for illustrative purposes only and accuracy is not guaranteed. The values and figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. This calculator does not have the ability to pre-qualify you for any mortgage or loan program. Qualification for mortgages or loans requires additional information such as credit scores and existing debts which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. All information such as interest rates, taxes, insurance, monthly mortgage payments, etc. are estimates and should be used for comparison only.
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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.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.