13 days on rocket

398 NE 5th St Unit 2016, Miami, FL, 33132

$590,000

Home List Price

$7,006*

Closing Credit

1 Full Bath
362 SqFt
$1,630/SqFt
Condo

Location

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398 NE 5th St Unit 2016, Miami$590,000

Buyer Closing Credits

$7,006*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOne Space, Valet
Garage1 space
Year Built2022
HeatingCentral
CoolingCentral Air
WaterfrontBay Front
ViewBay, Ocean, Water
MLS #A11678176
StatusActive

About 398 NE 5th St Unit 2016

Experience the vibrant energy of downtown Miami in this fully furnished studio at The Elser Hotel and Residences. With modern design and floor-to-ceiling windows showcasing breathtaking views of Biscayne Bay, this unit offers a king-size bed, sofa bed, full kitchen, washer-dryer, and keyless entry for maximum convenience. Residents enjoy access to exceptional amenities, including a wraparound pool with a bar and restaurant, a two-story fitness center, and a jacuzzi. Located just steps away from iconic destinations like the Kaseya Center, Bayside Marketplace, Miami Worldcenter, and Brickell City Center, this studio is not only a luxurious home but also a prime investment opportunity for short-term rentals.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 2022
  • Living Area: 362 SqFt

Listing Office:

  • Office Name: Novel Management, LLC.
  • Office Phone: (305) 297-9805
  • Listing Agent: Federico Nunez

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer
  • Flooring Type: Ceramic Tile
  • Interior: Closet Cabinetry, Bar

Bedroom and Bathroom Information:

  • Full Bathrooms: 1

Exterior Features

Exterior Information:

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

Parking Information:

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

Virtual/3D Tour

  • 3D Tour: 398 NE 5th St Unit 2016
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Booker T. Washington Senior High School, Public Magnet Grades 9-12
  • Jose De Diego Middle School, Public District Grades 6-8
  • Frederick R. Douglass Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $590,000
  • Price Per SqFt: $1,630/SqFt

HOA Fees:

  • Amount: $474
  • 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

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

398 NE 5th St Unit 2016 vs Miami

13 DAYS ON ROCKET

-47 Days

$590,000

+$29.5K More

$1,630/SqFt

+$1.2K More

KEY TAKEAWAY

This property is $29.5K more than the Median Sold Price and $1.2K/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: #A11678176

Listing Office:

  • Office Name: Novel Management, LLC.
  • Office Phone: (305) 297-9805
  • Listing Agent: Federico Nunez

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: 11/5/2024, 6:20:50 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

$3,486

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,835

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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.

Elementary School

school-card-donut-2206916
2
/10

  • Frederick R. Douglass Elementary School

  • 314 NW 12th St

  • 0.86 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2206917
1
/10

  • Jose De Diego Middle School

  • 3100 NW 5th Ave

  • 2.07 miles

  • Public District Grades 6-8

High School

school-card-donut-2206918
3
/10

  • Booker T. Washington Senior High School

  • 1200 NW 6th Ave

  • 1.10 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,792. Residents of Miami, FL typically earn less than $35k each year. Most families are 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 2016

What is the listing price of this property?

The listing price of 398 NE 5th St Unit 2016 property is $590,000.

What type of property is this?

The property 398 NE 5th St Unit 2016 is a condo located in Miami, Florida, 33132.

Is this property for sale now?

Active Listing: 398 NE 5th St Unit 2016 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 398 NE 5th St Unit 2016 are:
Frederick R. Douglass Elementary School: GreatSchools Rating 2/10
Jose De Diego Middle School: GreatSchools Rating 1/10
Booker T. Washington Senior High School: GreatSchools Rating 3/10

How many bedrooms and bathrooms does this property have?

The property at 398 NE 5th St Unit 2016 has 1 bathroom..

What is the square footage of this property?

The property 398 NE 5th St Unit 2016 is 362 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 398 NE 5th St Unit 2016 is 2022.

Rocket Homes›Florida›Miami-Dade County›Miami›33132›398 NE 5th St Unit 2016

This home is located at 398 NE 5th St Unit 2016 in Miami, FL and zip code 33132 in the Downtown neighborhood. This 362 square foot home was built in 2022. Features: 1 bathroom. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $590,000.

Miami, FL housing market in October 2024 saw over 62 listings sold above listed price, more than 129 sold at listed price and over 507 sold below. The inventory of homes for sale in Miami, FL between September 2024 and October 2024 increased by 8.3%. In October 2024, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $560,436.

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

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