398 NE 5th St 3508

About this home

ANNUAL GROSS INCOME: $48,500! Exceptional investment opportunity in one of Miami’s most dynamic and rapidly transforming urban hubs. This income-producing property offers breathtaking views and an outstanding location, surrounded by newly developed ultra-luxury residences, world-class hotels, and iconic landmarks. Enjoy direct, unobstructed views of Miami’s spectacular new $1 billion signature bridge, placing this property at the heart of the city’s exciting evolution. A rare opportunity to own a prime piece of Miami real estate with strong income potential and long-term appreciation prospects.

Facts & features

MLS ID

A12105255

Property type

Condominium

Neighborhood

Miami

Building

The Elser Hotel & Residences

Year built

2022

Baths

1

Interior

430 sq ft

Price per sq ft

$1,684

HOA

None

Pets

Yes — conditional

Waterfront

Yes

Covered parking

1

Floor

35

Listed

Oct 19, 2026

Property tax

$11,136 per year (2025)

Financing accepted

Cash, Conventional

Listing conditions

Listed as is

Interior features

First floor entry

Exterior features

Security high impact doors

Flooring

Ceramic tile

Parking

One space

Security

Door man

Heating

Electric

Cooling

Electric

Schools

Zoned public schools by county attendance boundary. Boundaries change — confirm enrollment eligibility with the school district before relying on this. Letter grades and School of Excellence designations are the Florida Department of Education’s, each for the year shown beside it.

Elementary

Douglass, Frederick ElementaryB2025-26Florida Department of Education school grade B, 2025-26 school year

Middle

de Diego, Jose MiddleB2025-26Florida Department of Education school grade B, 2025-26 school year

High

Washington, Booker T. Senior HighB2025-26Florida Department of Education school grade B, 2025-26 school year

Location

398 NE 5th St 3508