3 months on rocket

398 NE 5th St Unit 2516, Miami, FL, 33132

$645,000

Home List Price

$7,659*

Closing Credit

1 Full Bath
362 SqFt
$1,782/SqFt
Condo

Location

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398 NE 5th St Unit 2516, Miami$645,000

Buyer Closing Credits

$7,659*

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
MLS #A11647764
StatusActive

About 398 NE 5th St Unit 2516

Experience the ultimate in flexibility and income potential with this stunning studio unit. Whether you choose to live in it, lease it annually, or capitalize on the lucrative short-term rental market through platforms like Airbnb, VRBO, or Expedia, this property offers endless possibilities. The unit is exactly as depicted in the photos, featuring breathtaking views and exceptional design. Currently managed by YourHome Hospitality LLC, a premier vacation rental management company, all the details are expertly handled for you. This property is a prime income-generating opportunity, complete with top-tier amenities, including a state-of-the-art gym, pool, bar, restaurants, 24/7 front desk service, and​​‌​​​​‌​​‌‌​‌‌​​‌​​​​‌‌​‌​​​​‌​ more.

Property Details

Property Features

Property Information:

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

Listing Office:

  • Office Name: Sigma Real Estate & Investment
  • Office Phone: (786) 790-6961
  • Listing Agent: Riad Fayad

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Flooring Type: Ceramic Tile
  • Interior: Bedroom on Main Level, Elevator

Bedroom and Bathroom Information:

  • Full Bathrooms: 1

Exterior Features

Exterior Information:

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

Parking Information:

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

Virtual/3D Tour

  • Virtual Tour: 398 NE 5th St Unit 2516
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $645,000
  • Price Per SqFt: $1,782/SqFt

HOA Fees:

  • Amount: $470
  • 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 2516 vs Miami

91 DAYS ON ROCKET

+31 Days

$645,000

+$84.5K More

$1,782/SqFt

+$1.3K More

KEY TAKEAWAY

This property is $84.5K more than the Median Sold Price and $1.3K/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: #A11647764

Listing Office:

  • Office Name: Sigma Real Estate & Investment
  • Office Phone: (786) 790-6961
  • Listing Agent: Riad Fayad

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: 11/25/2024, 5:20:48 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

$3,757

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,000

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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-1422756
7
/10

  • Downtown Miami Charter School

  • 305 NW 3rd Ave

  • 0.63 miles

  • Public Charter Grades KG-6

school-card-donut-1422757
3
/10

  • Frederick R. Douglass Elementary School

  • 314 NW 12th St

  • 0.81 miles

  • Public District Grades PK-5

school-card-donut-1422758
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. Most Miami, FL residents have annual incomes less than $35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 398 NE 5th St Unit 2516

What is the listing price of this property?

The listing price of 398 NE 5th St Unit 2516 property is $645,000.

What type of property is this?

The property 398 NE 5th St Unit 2516 is a condo located in Miami, Florida, 33132.

Is this property for sale now?

Active Listing: 398 NE 5th St Unit 2516 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 2516 has 1 bathroom..

What is the square footage of this property?

The property 398 NE 5th St Unit 2516 is 362 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 398 NE 5th St Unit 2516 is 2022.

Rocket Homes›Florida›Miami-Dade County›Miami›33132›398 NE 5th St Unit 2516

This home is located at 398 NE 5th St Unit 2516 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 August 26, 2024 and is currently priced at $645,000.

Over 62 listings were sold over their listed price in October 2024 in Miami, FL. In the same period over 507 listings were sold below the listed price and 129 listings were sold for the listed price. The number of listings in Miami, FL increased by 8.3% between September 2024 and October 2024. 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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