$1,550,000

398 NE 5TH ST #4001, MIAMI, FL 33132

3 beds3 baths1,150 sq ftCondo or villaBuilt 2022
Updated today, November 3, 2026

This home against Downtown

$1,348 per sq ft, 60% over the Downtown median
8 days on the market
$23,423 in property taxes (2025)
Waterfront
1 car garage

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

About this home

Experience panoramic Biscayne Bay and Downtown Miami views from this fully furnished 3-bedroom, 3-bathroom corner residence at The Elser Hotel & Residences. Floor-to-ceiling windows, 9'2" ceilings, and an expansive wraparound balcony create a bright setting for enjoying Miami’s waterfront and skyline. The thoughtfully appointed interior features a premium kitchen, high-end appliances, smart-home technology, and elegant furnishings. Short-term rental flexibility accommodates personal enjoyment and potential rental income, subject to applicable requirements. Resort-style amenities include an infinity pool, a state-of-the-art fitness center, concierge, and valet service. Ideally located near Bayfront Park, dining, shopping, and entertainment, this residence offers a distinctive opportunity to own in the heart of Downtown Miami. Contact us to arrange a private showing. UNIT RENTED.AVAILABLE TO RENT AIRBNB

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 Urban Development & Investments LLC. MLS# A12114472.

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

Listed October 26, 2026.

Similar homes near Downtown, MIAMI

Home for sale at 200 BISCAYNE BOULEVARD WAY #1108, MIAMI, FL 33131Price cut2 photos

$1,495,000list price

Price cut$155,000

2 bd · 2.5 ba · 1,453 sq ft Condo or villa

200 BISCAYNE BOULEVARD WAY #1108, MIAMI, FL 33131

Listing courtesy of Invierta Group LLC. MLS# A11971733.On the MLS · Listed Sep 7