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398 NE 5th St Unit 2506

Miami, FL 33132

1 bed
1 bath
443 sqft
$1,534 per sqft
2022 build
– on site

Investor friendly opportunity at The Elser of Miami. This unique 25th floor studio is ideal for an income producing property or for an owner who wants the hotel vibe for a home. Unit 2506 is enrolled in the hotel program and offers a low HOA with great return. Located on Biscayne bay with breathtaking views. Nightly rentals permitted either through hotel program or 2 other approved vacation rental companies otherwise 181 day min lease required for rentals.

Listing courtesy of MLSM / London Foster Realty

Last checked: Checking… • Last updated Nov 2, 2024 •

MLS# A11684359 —

The Building

Year Built:

2022
Year Built Details:

Resale
Construction Materials:

Block
Architectural Style:

Other
Stories Total:

49
Entry Location:

26
Entry Level:

26
Exterior Features:

SecurityHighImpactDoors
Security Features:

DoorMan
Unit Number:

2506
Building Area Total:

443.0

Interior

Interior Features:

BedroomOnMainLevel, Bar
Flooring:

Other

Room Dimensions

Living Area:

443.0

The Property

View:

Other
Parcel Number:

01 41 37 078 1820
Property Type:

Residential
Property Subtype:

Condominium
Property Subtype Additional:

Condominium
Lot Size Units:

SquareFeet
Waterfront:

true
Waterfront Features:

Other
Property Attached:

true

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

$11,470
Tax Legal Description:

01-4137-078-1820

Beds

Bedrooms Total:

1

Baths

Total Baths:

1
Full Baths:

1

The Listing

Virtual Tour Unbranded:

Virtual Tour

Heating & Cooling

Heating:

Other
Cooling:

CentralAir
Cooling:

true

Utilities

Utilities:

CableAvailable

The Community

Subdivision Name:

The Elser
Senior Community:

false
Association Amenities:

Other, Pool
Pool Features:

Association
Pets Allowed:

Conditional,Yes
Association Fee:

$600
Association Fee Frequency:

Monthly
Association Fee Includes:

Amenities

Parking

Parking Features:

OneSpace
Garage:

true
Garage Spaces:

1.0
Covered Spaces:

1.0

Monthly cost estimate

Asking price

$680,000

Expense	Monthly cost
Mortgage	$3,641
Taxes	$955
Insurance	$187
HOA fees	$600
Utilities	$75 See report
Total	$5,458/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
11/1/24 Nov 1, 2024	Listed / Active	MLSM	$680,000
11/23/23 Nov 23, 2023	Listed / Active	MLSM

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This condo located in Downtown Miami, Miami, FL 33132 is currently for sale for $680,000. 398 NE 5th St Unit 2506 is a 443 square foot condo with 1 bed and 1 bath that has been on Estately for 4 days. 398 NE 5th St Unit 2506 is in the Downtown Miami neighborhood of Miami and has a WalkScore® of 96, making it a walker’s paradise. This condo is in the attendance area of Frederick R. Douglass Elementary School, Booker T. Washington Senior High School, Robert Morgan Educational Center And Technical College, Jose De Diego Middle School, and Air Base Elementary School.

Listing Courtesy of: MLSM and London Foster Realty.

Based on information from the MLS MIAMI 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. MLSM, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. MLSM and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.