$686,900

398 NE 5TH ST #2004, MIAMI, FL 33132

1 bed1 bath443 sq ftCondo or villaBuilt 2022
Updated today, November 7, 2026

This home against Downtown

$1,551 per sq ft, 80% over the Downtown median
16 days on the market
$10,640 in property taxes (2025)
1 car garage

Downtown today: 396 homes for sale, median list price $599,450.

About this home

Discover an exceptional opportunity to own at The Elser Hotel & Residences, in the heart of Downtown Miami! This fully furnished junior suite on the 20th floor offers 443 sq. ft. of living space, a functional open-concept layout, modern finishes, an equipped kitchen, in-unit washer and dryer, and a private balcony. Enjoy the perfect combination of comfort, luxury, and convenience in a premier high-rise building featuring resort-style amenities, including a spectacular pool overlooking Biscayne Bay, fitness center, concierge services, valet parking, dining options, and inviting social spaces. Ideally located steps from Miami Worldcenter, Kaseya Center, Bayside Marketplace, Brightline Station, and Downtown Miami's finest restaurants, shopping, and entertainment. Currently operated as a short-term rental through the hotel program, with the option to use another approved rental management company, subject to applicable regulations and agreements. An attractive opportunity for investors or those seeking a Miami getaway. Experience the vibrant Downtown Miami lifestyle at The Elser! The unit is currently enrolled in The Elser's hotel rental management program. Owners may choose to work with the hotel operator or another management company approved by the Commercial Parcel Owner. Short-term rentals are subject to the unit's Certificate of Use and applicable condominium regulations. All transient guests must register at the front desk. Buyers and their agents should independently verify rental restrictions, management agreements, association fees, approval requirements, and permitted uses. Contact the listing agent for additional information regarding rental management options and property details.

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 Realty One Group Evolution. MLS# A12112238.

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

Listed October 21, 2026.

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