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398 NE 5th St #2119
Miami, FL 33132
Listing courtesy of EXP Realty LLC. Contact: [email protected].
Own your place in Miami. Stay when you want, rent when you don't! Fully furnished 1-bedroom residence on the 21st floor of The Elser, offering flexible ownership for personal use, short-term rentals or long-term leasing. This 626 SF residence features Downtown Miami skyline views, a private balcony with dual access, porcelain flooring, a modern kitchen, in-unit washer/dryer and smart keyless entry. Enjoy hotel-style amenities including a 132-ft resort pool, two-level fitness center, coworking spaces, rooftop lounges and 24/7 concierge. Directly across from Bayside Marketplace and Kaseya Center, near Bayfront Park, Brightline MiamiCentral, Miami Worldcenter and the rising Waldorf Astoria. An ideal Miami retreat with rental flexibility in one of Downtown's most connected locations. Virtual tour available. Easy to show.
- Principal and interest
- $4,703
- Property tax
- $1,370
- Homeowners insurance
- $583
- HOA
- $963
An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.
Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.
The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.
Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.
This building was built in 2022, according to the county property appraiser.
If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one is due by December 31, 2052. A local building official may require it at 25 years near salt water.
Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.
Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.
Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.