$720,000

398 NE 5TH ST #3207, MIAMI, FL 33132

Studio1 bath442 sq ftCondo or villaBuilt 2022
Updated today, November 3, 2026

This home against Downtown

$1,629 per sq ft, 94% over the Downtown median
285 days on the market
$11,038 in property taxes (2024)
Waterfront
1 car garage

Downtown today: 392 homes for sale, median list price $599,000.

About this home

High-floor, fully furnished studio at The Elser Hotel & Residences showcasing panoramic skyline and Biscayne Bay views. Sleek open layout with wood-look porcelain flooring, floor-to-ceiling glass, and a private balcony. Turnkey and rental-ready with daily rentals permitted and no minimum lease—ideal for income-producing ownership or flexible luxury living. Full-service condo-hotel offering a 24/7 front desk, resort-style amenities, and a prime Downtown Miami location near Miami Worldcenter, dining, and entertainment.

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 BM2 Realty. MLS# A11949064.

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

Listed January 22, 2026.

Similar homes near Downtown, MIAMI

Home for sale at 398 NE 5TH ST #2407, MIAMI, FL 331325 photos

$720,000list price

Per sq ft$1,629

1 bd · 1 ba · 442 sq ft Condo or villa

398 NE 5TH ST #2407, MIAMI, FL 33132

Listing courtesy of Julies Realty, LLC. MLS# A11931694.On the MLS · Listed Dec 18

Home for sale at 398 NE 5TH ST #1715, MIAMI, FL 33132Price cut5 photos

$699,900list price

Price cut$59,100

1 bd · 1 ba · 560 sq ft Condo or villa

398 NE 5TH ST #1715, MIAMI, FL 33132

Listing courtesy of Linart Realty, LLC. MLS# R11151415.On the MLS · Listed Jan 4

Home for sale at 398 NE 5TH ST #2205, MIAMI, FL 331325 photos

$699,000list price

Per sq ft$1,581

1 bd · 1 ba · 442 sq ft Condo or villa

398 NE 5TH ST #2205, MIAMI, FL 33132

Listing courtesy of United Realty Group Inc. MLS# A11963143.On the MLS · Listed Feb 9