398 NE 5th St Unit 2506, Miami, FL, 33132

Location

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398 NE 5th St Unit 2506, Miami$680,000

Buyer Closing Credits

$8,075^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeCondominium

ParkingOne Space

Garage1 space

Year Built2022

HeatingOther

CoolingCentral Air

WaterfrontOther

ViewOther

MLS #A11684359

StatusActive

About 398 NE 5th St Unit 2506

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.

Property Details

Property Features

Property Information:

Architectural Style: Other
Year Built: 2022
Living Area: 443 SqFt

Listing Office:

Office Name: London Foster Realty
Office Phone: (305) 514-0100
Listing Agent: Daniel Mordechai

Interior Features

Interior Information:

Flooring Type: Other
Interior: Bedroom on Main Level, Bar

Bedroom and Bathroom Information:

Full Bathrooms: 1
Total Bedroom Count: 1

Exterior Features

Exterior Information:

Waterfront: Other
View: Other
Exterior: Security/High Impact Doors

Parking Information:

Garage Space: 1 space
Parking: One Space

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Utilities

Utilities Information:

Heating: Other
Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

List Price: $680,000
Price Per SqFt: $1,535/SqFt

HOA Fees:

Amount: $600
Frequency: Monthly

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Housing Market Comparison

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

Miami, FL

City

Med. Sold Price

$565.6K

Med. Price/SqFt

$391

Avg. Days On Market

# of Sold Homes

595

398 NE 5th St Unit 2506 vs Miami

50 DAYS ON ROCKET

-10 Days

$680,000

+$114.3K More

$1,535/SqFt

+$1.1K More

KEY TAKEAWAY

This property is $114.3K 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: #A11684359

Listing Office:

Office Name: London Foster Realty
Office Phone: (305) 514-0100
Listing Agent: Daniel Mordechai

© 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: 12/22/2024, 2:20:51 AM 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.

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Homeowners Insurance

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Homeowners Association (HOA)

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Rate/APR

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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

/10

Downtown Miami Charter School
305 NW 3rd Ave
Distance between this listing and this school0.63 miles
Public Charter Grades KG-6

/10

Frederick R. Douglass Elementary School
314 NW 12th St
Distance between this listing and this school0.81 miles
Public District Grades PK-5

/10

Miami Children's Museum Charter School
980 MacArthur Cswy
Distance between this listing and this school0.90 miles
Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

58%

<35k

26%

35k-100k

16%

100k-200k

200k+

What level of education do the neighbors have?

High School: 49%
Post Secondary: 33%
Masters: 18%

What types of families live nearby?

81%

Single, No Kids

Single, with Kids

11%

Married, No Kids

Married, with Kids

Are the neighbors home owners or renters?

Renters: 88%
Home Owners: 12%

How old are people in this area?

<11 yrs old

12-17 yrs old

40%

18-34 yrs old

36%

35-64 yrs old

18%

65+ yrs old

What do the neighbors do for fun?

Music Concerts
Tennis
Major League Soccer (MLS)

Where do the neighbors shop?

H&M
Crate & Barrel
Banana Republic

Where do the neighbors go to eat?

Chipotle
Starbucks
Jack In The Box

What do the neighbors drive?

Volkswagen
BMW
Toyota

What do the neighbors listen to?

Rhythmic Contemporary Hits
News
Jazz

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

All data provided by Home Junction and Claritas

Frequently Asked Questions About 398 NE 5th St Unit 2506

What is the listing price of this property?

The listing price of 398 NE 5th St Unit 2506 property is $680,000.

What type of property is this?

The property 398 NE 5th St Unit 2506 is a condo located in Miami, Florida, 33132.

Is this property for sale now?

Active Listing: 398 NE 5th St Unit 2506 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 2506 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 398 NE 5th St Unit 2506 is 443 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 398 NE 5th St Unit 2506 is 2022.

Rocket Homes›Florida›Miami-Dade County›Miami›33132›398 NE 5th St Unit 2506

This home is located at 398 NE 5th St Unit 2506 in Miami, FL and zip code 33132 in the Downtown neighborhood. This 443 square foot home was built in 2022. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $680,000.

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. The number of homes for sale in Miami, FL increased by 6.7% between October 2024 and November 2024. In November 2024 median list price was $565,671 and the average listing age was 60 days.

Location

Property Highlights

Property Details

Property Features

Interior Features

Exterior Features

Virtual/3D Tour

Utilities

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

Frequently Asked Questions About 398 NE 5th St Unit 2506

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