new - 18 hours on rocket

398 NE 5th St Unit 1902, Miami, FL, 33132

$649,000

Home List Price

$7,707*

Closing Credit

1 Bedroom
1 Full Bath
430 SqFt
$1,509/SqFt
Condo

Location

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398 NE 5th St Unit 1902, Miami$649,000

Buyer Closing Credits

$7,707*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingCovered, One Space, Valet
Garage1 space
Year Built2022
HeatingCentral
CoolingCentral Air
WaterfrontBay Front
ViewBay, City
MLS #A11713607
StatusActive

About 398 NE 5th St Unit 1902

Welcome to The Elser Hotel and Residences Miami, where luxury meets investment potential. This 1-bedroom, 1-bathroom unit is priced to sell at $649,000, offering the best value in the building. As an owner, you can take advantage of the professionally managed short-term rental program, allowing daily rentals to maximize your returns. ? Enjoy access to world-class amenities, including a resort-style pool, state-of-the-art fitness center, and co-working spaces. Located in the heart of Downtown Miami, you’re steps away from premier dining, entertainment, and cultural attractions. Don’t miss this exceptional opportunity to own a piece of Miami’s vibrant lifestyle.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 2022
  • Living Area: 430 SqFt

Listing Office:

  • Office Name: Miles Goldstein Real Estate
  • Office Phone: (305) 336-6959
  • Listing Agent: Ariel Shahaf

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Flooring Type: Tile
  • Interior: Built-in Features, Bedroom on Main Level, Closet Cabinetry, Bar

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Waterfront: Bay Front
  • View: Bay, City
  • Exterior: Balcony, Security/High Impact Doors

Parking Information:

  • Garage Space: 1 space
  • Parking: Covered, One Space, Valet

Virtual/3D Tour

  • Virtual Tour: 398 NE 5th St Unit 1902
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $649,000
  • Price Per SqFt: $1,509/SqFt

HOA Fees:

  • Amount: $500
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$565.6K

Med. Price/SqFt

$391

Avg. Days On Market

60

# of Sold Homes

595

398 NE 5th St Unit 1902 vs Miami

1 DAY ON ROCKET

-59 Days

$649,000

+$83.3K More

$1,509/SqFt

+$1.1K More

KEY TAKEAWAY

This property is $83.3K more than the Median Sold Price and $1.1K/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11713607

Listing Office:

  • Office Name: Miles Goldstein Real Estate
  • Office Phone: (305) 336-6959
  • Listing Agent: Ariel Shahaf

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide 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. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/24/2024, 3:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,807

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,012

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1385611
7
/10

  • Downtown Miami Charter School

  • 305 NW 3rd Ave

  • 0.63 miles

  • Public Charter Grades KG-6

school-card-donut-1385612
3
/10

  • Frederick R. Douglass Elementary School

  • 314 NW 12th St

  • 0.81 miles

  • Public District Grades PK-5

school-card-donut-1385613
9
/10

  • Miami Children's Museum Charter School

  • 980 MacArthur Cswy

  • 0.90 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,792. Typical income of Miami, FL residents is less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 398 NE 5th St Unit 1902

What is the listing price of this property?

The listing price of 398 NE 5th St Unit 1902 property is $649,000.

What type of property is this?

The property 398 NE 5th St Unit 1902 is a condo located in Miami, Florida, 33132.

Is this property for sale now?

Active Listing: 398 NE 5th St Unit 1902 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 398 NE 5th St Unit 1902 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 398 NE 5th St Unit 1902 is 430 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 398 NE 5th St Unit 1902 is 2022.

Rocket Homes›Florida›Miami-Dade County›Miami›33132›398 NE 5th St Unit 1902

This home is located at 398 NE 5th St Unit 1902 in Miami, FL and zip code 33132 in the Downtown neighborhood. This 430 square foot home was built in 2022. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since December 24, 2024 and is currently priced at $649,000.

Miami, FL housing market in November 2024 saw over 38 listings sold above listed price, more than 112 sold at listed price and over 445 sold below. In November 2024 in Miami, FL there were 6.7% more homes for sale than in October 2024. While the average time on the market in November 2024 was 60 days, the median list price was $565,671.

From Rocket Homes Real Estate and based on county public records data.

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