$699,900

398 NE 5TH ST #4316, MIAMI, FL 33132

Studio1 bath362 sq ftCondo or villaBuilt 2022
Updated today, November 3, 2026

This home against Downtown

$1,933 per sq ft, 129% over the Downtown median
134 days on the market
$10,267 in property taxes (2024)
Waterfront

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

About this home

Luxury & Investment Opportunity at The Elser!Experience the best of Miami living while maximizing your investment potential. This fully furnished luxury residence offers breathtaking views of Biscayne Bay and the Downtown Miami skyline, making it the perfect choice for personal enjoyment, a vacation home, or a high-income-producing asset.Designed with modern elegance, the unit features an open-concept layout, premium finishes, a king-size bed, sofa bed, fully equipped kitchen, in-unit washer and dryer, flat-screen TV, and secure keyless entry.Enjoy world-class amenities, including a spectacular rooftop pool with panoramic views, bar and restaurant service, a two-story fitness center, jacuzzi, 24/7 concierge, valet parking, and exclusive Beach Club access.Ideally located in the heart of Downtown Miami, just steps from Kaseya Center, Bayside Marketplace, Miami Worldcenter, Brightline Station, Brickell, top restaurants, shopping, nightlife, and major attractions.The Elser is one of Miami’s most sought-after buildings for short-term rentals, offering exceptional flexibility and strong income potential in a high-demand market. Whether you're looking for a luxury lifestyle, a second home, or an investment with attractive ROI, this property checks every box.Don't miss this rare opportunity to own a premier residence in one of Miami's fastest-growing and most desirable locations!

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 Potential Property Group. MLS# A12042862.

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

Listed June 22, 2026.

Similar homes near Downtown, MIAMI

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

Home for sale at 900 BISCAYNE BLVD #4904, MIAMI, FL 33132Price cut5 photos

$699,000list price

Price cut$121,000

1 bd · 2.5 ba · 938 sq ft Condo or villa

900 BISCAYNE BLVD #4904, MIAMI, FL 33132

Listing courtesy of Fortune Christie's International Real Estate. MLS# A11490022.On the MLS · Listed Nov 20

Home for sale at 200 BISCAYNE BOULEVARD WAY #3905, MIAMI, FL 331315 photos

$695,000list price

Per sq ft$732

1 bd · 1.5 ba · 950 sq ft Condo or villa

200 BISCAYNE BOULEVARD WAY #3905, MIAMI, FL 33131

Listing courtesy of Envirotek Realty. MLS# A12102215.On the MLS · Listed Oct 5

Home for sale at 398 NE 5TH ST #2319, MIAMI, FL 33132Price cut5 photos

$685,000list price

Price cut$14,000

1 bd · 1 ba · 626 sq ft Condo or villa

398 NE 5TH ST #2319, MIAMI, FL 33132

Listing courtesy of Pulse Int'l Realty FL Inc. MLS# A11922752.On the MLS · Listed Dec 29