398 NE 5th St #1815
Miami, FL 33132
Listing courtesy of Compass Florida, LLC (Jorge Lopez). Contact: [email protected].
Experience luxury living at The Elser Hotel & Residences in the heart of Downtown Miami! This sleek and fully furnished turnkey 1-bed, 1-bath unit blends elevated residential comfort with full short-term rental flexibility, making it ideal for full-time living, a personal getaway or an income-generating investment. Inside you can enjoy soaring floor-to-ceiling glass windows showcasing the vibrant Downtown skyline and Biscayne Bay vistas. High ceilings, porcelain wood-grain tile flooring, a private covered balcony, and custom California-style closets enhance the bright layout. The modern kitchen features custom Italian cabinetry by Italkraft and quartz countertops. Complete with smart keyless entry and an in-unit washer/dryer. Enjoy resort-style amenities including a sky deck with a 132-ft pool, LED video wall, hot tub, two-story fitness center, outdoor yoga lawn, and a two-level co-working lab with private conference rooms. Prime location just steps from Kaseya Center, Bayside Marketplace, Bayfront Park, Miami Worldcenter, Brightline, and PortMiami. Priced to sell!
- Principal and interest
- $2,781
- Property tax
- $784
- Homeowners insurance
- $342
- HOA
- $798
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.