$539,000list price
Per sq ft$1,017
1 bd · 1 ba · 530 sq ft Condo or villa
225 N MIAMI AVE #1604, MIAMI, FL 33128
Listing courtesy of Related General Realty, LLC.. MLS# A12099576.On the MLS · Listed Sep 28
$539,000
398 NE 5TH ST #2007, MIAMI, FL 33132
Studio1 bath442 sq ftCondo or villaBuilt 2022
Updated today, November 3, 2026This home against Downtown
$1,219 per sq ft, 45% over the Downtown median
108 days on the market
Price cut $111,000 since it was listed at $650,000
$9,430 in property taxes (2025)
1 car garage
Downtown today: 392 homes for sale, median list price $599,000.
About this home
NEW PRICE — Turnkey investment opportunity at The Elser with documented rental history and immediate participation in the building’s established hotel rental program. Unit 2007 is a fully furnished 442 SF hotel unit offering Kaseya Center skyline and partial Biscayne Bay views, a king-size bed, sofa bed, full kitchen, in-unit washer/dryer and secure keyless entry. Unlike purchasing new construction and waiting for completion, this is a completed 2022 property with an operating rental program and actual rental history available for buyer review. The unit is currently enrolled in The Elser’s professionally managed short-term rental program, offering flexible daily, weekly and long-term rentals together with personal-use flexibility. Amenities include a wraparound pool deck, bar and restaurant, two-story fitness center, 24/7 concierge, valet parking and Beach Club access. Ideally located in Downtown Miami near Kaseya Center, Bayside Marketplace, Brightline and Biscayne Bay.
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 EXP Realty LLC. MLS# A12055966.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed July 18, 2026.
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