398 NE 5th St # 2007, Miami FL 33132, Miami
$579,000
Miami, FL, 33132
Property details
- Bedrooms
- 0
- Bathrooms
- 1
- Living area
- 442 sqft
- Year built
- 2022
- Type
- Condominium
- Association fee
- $600 / monthly
- Days on market
- 14
- MLS #
- A12055966
Listing courtesy of EXP Realty LLC · 888-883-8509. Listing agent: Alvaro Del Busto. MLS data last updated 2026-08-03.
Description
Turnkey Investment Opportunity at The Elser Hotel & Residences — Unit 2007 Fully furnished, turnkey studio residence at The Elser, ideally positioned with sweeping views of the Kaseya Center skyline and partial Biscayne Bay water views. This designer-finished unit features a king-size bed, sofa bed, full kitchen, in-unit washer/dryer, and secure keyless entry — ready to generate income from day one. Enrolled in The Elser's professionally managed short-term rental program with a proven, documented income history, this is a rare opportunity to own real, verified cash flow rather than a projection. Investor-friendly building with flexible daily, weekly, and long-term rental permissions. Residents and guests enjoy resort-caliber amenities including a wraparound rooftop pool with bar and restaurant, two-story fitness center, 24/7 concierge, valet parking, and Beach Club access. Unbeatable Downtown Miami location steps from Kaseya Center, Bayside Marketplace, the Brightline station, and Biscayne Bay, bringing global demand to Downtown Miami's short-term rental market. Whether for personal use, a pied-à-terre, or a high-performing investment asset, Unit 2007 offers a rare blend of location, view, and income potential in one of Miami's most in-demand condo-hotel addresses.
398 NE 5th St # 2007, Miami FL 33132, Miami — for sale, listed for $579,000 (0 bed, 1 bath, 442 sqft).
143 studio listings for sale in 33132 · median $449,900.
What else is available at The Elser?
89 listings are currently active in this building across 78 distinct units (41 × 1-bed, 10 × 2-bed, 19 × 3-bed, 19 × studio).
n=89 · 2026-08-14 · Methodology
Closest-priced alternatives
The 4 active listings closest in price within the same market segment:
Local market report
Price-reduction climate
39% of 143 active studio listings for sale in 33132 are listed below their original asking price.
n=143 · 2026-08-14 · Methodology
Run the numbers
Current market segment
Right now: 143 active studio listings for sale in 33132, median asking price $449,900, median $1,234/sqft.
n=143 · 2026-08-14 · Methodology
Observed price & status history
Asking price reduced from $650,000 to $579,000.
Market intelligence recomputed weekly from the full live MLS feed · 2026-08-14 · Methodology
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