$790,000

398 NE 5TH ST #1615, MIAMI, FL 33132

1 bed1 bath560 sq ftCondo or villaBuilt 2022
Updated today, November 3, 2026

This home against Downtown

$1,411 per sq ft, 67% over the Downtown median
99 days on the market
$12,578 in property taxes (2025)

Downtown today: 393 homes for sale, median list price $599,000.

About this home

Experience the ultimate blend of luxury, flexibility, and investment potential at The Elser Hotel & Residences in the heart of Downtown Miami.This beautifully furnished 1-bedroom, 1-bathroom residence offers a thoughtfully designed living space with spectacular city and Biscayne Bay views. Delivered fully furnished and turnkey, the residence is ready for immediate personal enjoyment or income generation from day one.Perfectly positioned directly across from Bayside Marketplace, Bayfront Park, Kaseya Center, and PortMiami, you'll be at the center of Miami's most vibrant entertainment, dining, shopping, and tourism district. With short-term rentals permitted, this residence presents an exceptional opportunity for investors seeking strong rental demand and maximum flexibility.Residents enjoy world-class amenities, resort-style services, and one of the most sought-after addresses for both visitors and owners. Whether you're looking for a vacation home, an investment opportunity, or both, this is a rare opportunity to own a turnkey residence in one of Miami's fastest-growing neighborhoods.Don't miss your chance to own a condo in one of Downtown Miami's premier luxury buildings. Schedule your private showing today!

Zoned schools

Elementary: Frederick R. Douglass Elementary
Middle: Jose de Diego Middle School
High: Booker T. Washington Senior High

From Miami-Dade County Public Schools attendance zones.

Near this home

Park: Paul S. Walker Urbanscape, 0.2 mi
Grocery: Whole Foods Market, 0.2 mi

Distances from the center of Downtown, MIAMI.

Listing courtesy of MRI Realty Group. MLS# A12061775.

Listing information is provided by the MLS and is deemed reliable but not guaranteed.

Listed July 27, 2026.

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