398 NE 5th St 2219

About this home

ANNUAL GROSS INCOME: $57,000! 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. 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

A12105265

Property type

Condominium

Neighborhood

Miami

Building

The Elser Hotel & Residences

Year built

2022

Beds

1

Baths

1

Interior

626 sq ft

Price per sq ft

$1,358

HOA

$662 per month

Pets

No

Waterfront

Yes

Covered parking

1

Floor

22

Listed

Oct 20, 2026

Property tax

$13,500 per year (2025)

Financing accepted

Cash, Conventional

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 2219