$1,338,000list price
Price cut$49,000
3 bd · 3 ba · 1,040 sq ft Condo or villa
398 NE 5TH ST #1417, MIAMI, FL 33132
Listing courtesy of KWG Realty Group LLC. MLS# A11452652.On the MLS · Listed Dec 14
$1,335,000
398 NE 5TH ST #3811, MIAMI, FL 33132
2 beds2 baths818 sq ftCondo or villaBuilt 2024
Updated today, November 3, 2026This home against Downtown
$1,632 per sq ft, 93% over the Downtown median
257 days on the market
Price cut $50,000 since it was listed at $1,385,000
$23,931 in property taxes (2025)
Waterfront
1 car garage
Downtown today: 393 homes for sale, median list price $599,000.
About this home
Unit 3811 at Elser Hotel & Residences is a stunning 2-bedroom, 2-bathroom residence offering breathtaking bayfront and direct water views. From its elevated position, enjoy spectacular panoramas of the park and Biscayne Bay, with unforgettable sunrises and vibrant city lights at night.The unit is fully furnished and turnkey, ready to be occupied immediately or placed into income production from day one. Floor-to-ceiling windows flood the space with natural light, enhancing the modern design and showcasing the incredible waterfront scenery.Located in one of Downtown Miami’s most desirable buildings, the residence allows short-term rentals, including daily rentals, making it an exceptional opportunity for investors seeking strong income potential, as well as end users who value flexibility.A rare opportunity to own a prime waterfront property with spectacular views and full short-term rental freedom.
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 COSMORE Florida Corp.. MLS# A11969815.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed February 19, 2026.
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