398 NE 5th St # 3508, Miami, FL

The Elser Hotel & Residences · 0 Bedrooms · 1 Bathroom · 430 Sq Ft

The Elser Hotel & Residences Unit 3508 at 398 NE 5th St # 3508, Miami, FL 33132 — photo 1
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About the Property

ANNUAL GROSS INCOME: $48,500! Exceptional investment opportunity in one of Miami’s most dynamic and rapidly transforming urban hubs. This income-producing property offers breathtaking views and an outstanding location, surrounded by newly developed ultra-luxury residences, world-class hotels, and iconic landmarks. Enjoy direct, unobstructed views of Miami’s spectacular new $1 billion signature bridge, placing this property at the heart of the city’s exciting evolution. A rare opportunity to own a prime piece of Miami real estate with strong income potential and long-term appreciation prospects.

Unit 3508 in Context

Unit 3508 is located at 398 NE 5th St, part of the 08 line on floor 35 of The Elser's 646-residence tower. It is currently the only 08 line residence offered for sale in the building.

This Residence

$1,684/SF

Building Avg Asking

$1,449/SF

Financial

Fees & Taxes

Association Fee0
Association Fee FrequencyMonthly
Lot Size Square Feet0
Tax Annual Amount$11,136
Tax Year$2,025

Terms

All CashConventional

Interior Features

Interior

Bathrooms Full: 1Bathrooms Half: 0Entry Level: 35First Floor EntryNoneRooms Total: 0Stories Total: 49

Appliances

Other Equipment/Appliances

Flooring

Ceramic Floor

Cooling & Heating

ElectricElectric

Exterior & Views

View

Bay

Waterfront

Frontage TypeBay
WaterfrontYes

Pool & Spa

Covered Spaces1
Garage Spaces1
Pool PrivateNo

Exterior

High RiseConstruction Materials: Concrete Block ConstructionIDX Participation: YesNew Construction: No

Building & Community

Amenities

Association: YesOther

Security

Doorman

Parking

Garage: Yes1 Space

Listing Information

Dates & Status

Contract Status Change Date2026-10-19
Listing Contract Date2026-10-19
Mls StatusActive
On Market Date2026-10-19

Details

County Or Parish: Miami-Dade CountyMajor Change Type: NewCondo 5+ StoriesCondoYear Built Details: Resale

Additional Details

Building Area Total430
Building NameTHE ELSER HOTEL RESIDENCE
Door FeaturesHigh Impact Doors
Parcel Number01-41-37-078-2600
Property AttachedYes

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