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398 NE 5th St Unit 3707, Miami, FL, 33132

$620,000

Home List Price

$7,363*

Closing Credit

1 Bedroom
1 Full Bath
442 SqFt
$1,403/SqFt
Condo

Location

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398 NE 5th St Unit 3707, Miami$620,000

Buyer Closing Credits

$7,363*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingCovered, Electric Vehicle Charging Station(s), One Space
Garage1 space
Year BuiltNew Const., 2022
HeatingCentral
CoolingCentral Air
WaterfrontBay Front, Water Access
ViewBay, Intercoastal, Ocean
MLS #A11683284
StatusActive

About 398 NE 5th St Unit 3707

Experience luxury in this stunning hotel/condo unit located in the vibrant heart of downtown Miami. The Elser redefines luxury living & smart investment. This exceptional studio isn’t just a residence; it’s a lucrative opportunity. With the flexibility for short-term rentals managed on top platforms like Airbnb and VRBO. This stylish retreat boasts a fully-equipped kitchen, chic modern furnishings, and a flat-screen TV, blending style with convenience. Enjoy breathtaking views of Miami's intercoastal bay. Enjoy upscale amenities, including a wrap-around pool, a two-story, state-of-the-art gym, valet parking, and more. Its prime location offers easy access to the Bayside Marketplace, Miami Heat Arena, Art District, Brickell, the Port of Miami, parks, and various transit options.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 2022
  • Living Area: 442 SqFt

Listing Office:

  • Office Name: Keller Williams Miami Beach Realty
  • Office Phone: (305) 695-1112
  • Listing Agent: David Freed

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
  • Flooring Type: Tile
  • Interior: Built-in Features, Closet Cabinetry

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Waterfront: Bay Front, Water Access
  • View: Bay, Intercoastal, Ocean
  • Exterior: Balcony

Parking Information:

  • Garage Space: 1 space
  • Parking: Covered, Electric Vehicle Charging Station(s), One Space

Virtual/3D Tour

  • Virtual Tour: 398 NE 5th St Unit 3707
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $620,000
  • Price Per SqFt: $1,403/SqFt

HOA Fees:

  • Amount: $458
  • 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 3707 vs Miami

55 DAYS ON ROCKET

-5 Days

$620,000

+$54.3K More

$1,403/SqFt

+$1K More

KEY TAKEAWAY

This property is $54.3K more than the Median Sold Price and $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: #A11683284

Listing Office:

  • Office Name: Keller Williams Miami Beach Realty
  • Office Phone: (305) 695-1112
  • Listing Agent: David Freed

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: 12/22/2024, 3:20:50 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.

Payment Calculator

$3,620

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,925

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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-862152
7
/10

  • Downtown Miami Charter School

  • 305 NW 3rd Ave

  • 0.63 miles

  • Public Charter Grades KG-6

school-card-donut-862153
3
/10

  • Frederick R. Douglass Elementary School

  • 314 NW 12th St

  • 0.81 miles

  • Public District Grades PK-5

school-card-donut-862154
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. The majority of Miami, FL residents have income less than $35k annually. The majority of families are single, no kids. Most 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 3707

What is the listing price of this property?

The listing price of 398 NE 5th St Unit 3707 property is $620,000.

What type of property is this?

The property 398 NE 5th St Unit 3707 is a condo located in Miami, Florida, 33132.

Is this property for sale now?

Active Listing: 398 NE 5th St Unit 3707 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 3707 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 398 NE 5th St Unit 3707 is 442 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 398 NE 5th St Unit 3707 is 2022.

Rocket Homes›Florida›Miami-Dade County›Miami›33132›398 NE 5th St Unit 3707

This home is located at 398 NE 5th St Unit 3707 in Miami, FL and zip code 33132 in the Downtown neighborhood. This 442 square foot home was built in 2022. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since October 28, 2024 and is currently priced at $620,000.

In November 2024 more than 38 listings in Miami, FL were sold above the asking price. During the same period more than 112 listings were sold at asking price, while more than 445 were sold below. The number of listings in Miami, FL increased by 6.7% between October 2024 and November 2024. In November 2024, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $565,671.

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

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