14 days on rocket

398 NE 5th St Unit 2003, Miami, FL, 33132

$725,000

Home List Price

$8,609*

Closing Credit

1 Bedroom
1 Full Bath
427 SqFt
$1,698/SqFt
Condo
Schools Nearby

Location

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398 NE 5th St Unit 2003, Miami$725,000

Buyer Closing Credits

$8,609*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
Year Built2022
HeatingOther
CoolingCentral Air
WaterfrontBay Front, Water Access, Ocean Front
ViewBay, Intercoastal, Ocean
MLS #A11581678
StatusActive

About 398 NE 5th St Unit 2003

Welcome to The Elser Hotel & Residence! Featuring world class amenities, luxurious finishes, and a timeless design; this pied-à-terre is the perfect option for an investor or end user alike. A fully managed, resort destination that will handle marketing, booking, operating and managing your asset with options to block out vacations for you and your family. Located on the 20th floor this design furnished studio offers breathtaking views of Miami's intercostal and magical city skyline. With a full Bosche kitchen, washer-dryer in unit, spacious bathroom and walk in closet; this condo truly has it all. Directly across from the dynamic Bayfront marketplace, with direct access to Miami Beach and the airport. Best priced studio on the most sought after line in the building.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 2022
  • Living Area: 427 SqFt

Listing Office:

  • Office Name: Douglas Elliman
  • Office Phone: (305) 677-5000
  • Listing Agent: Ryan Kelly

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator
  • Flooring Type: Ceramic Tile
  • Interior: Elevator, Bar

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

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

Virtual/3D Tour

  • Virtual Tour: 398 NE 5th St Unit 2003

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Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Booker T. Washington Senior High School, Public Magnet Grades 9-12
  • Jose De Diego Middle School, Public District Grades 6-8
  • Frederick R. Douglass Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $725,000
  • Price Per SqFt: $1,698/SqFt

HOA Fees:

  • Amount: $1365
  • 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

$546.1K

Med. Price/SqFt

$382

Avg. Days On Market

56

# of Sold Homes

885

398 NE 5th St Unit 2003 vs Miami

14 DAYS ON ROCKET

-42 Days

$725,000

+$178.8K More

$1,698/SqFt

+$1.3K More

KEY TAKEAWAY

This property is $178.8K 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: #A11581678

Listing Office:

  • Office Name: Douglas Elliman
  • Office Phone: (305) 677-5000
  • Listing Agent: Ryan Kelly

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: 5/22/2024, 10:20:31 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

$5,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,240

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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.

Elementary School

school-card-donut-377889
2
/10

  • Frederick R. Douglass Elementary School

  • 314 NW 12th St

  • 0.86 miles

  • Public District Grades PK-5

Middle School

school-card-donut-377890
1
/10

  • Jose De Diego Middle School

  • 3100 NW 5th Ave

  • 2.07 miles

  • Public District Grades 6-8

High School

school-card-donut-377891
3
/10

  • Booker T. Washington Senior High School

  • 1200 NW 6th Ave

  • 1.10 miles

  • Public Magnet Grades 9-12

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. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 398 NE 5th St Unit 2003

What is the listing price of this property?

The listing price of 398 NE 5th St Unit 2003 property is $725,000.

What type of property is this?

The property 398 NE 5th St Unit 2003 is a condo located in Miami, Florida, 33132.

Is this property for sale now?

Active Listing: 398 NE 5th St Unit 2003 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 398 NE 5th St Unit 2003 are:
Frederick R. Douglass Elementary School: GreatSchools Rating 2/10
Jose De Diego Middle School: GreatSchools Rating 1/10
Booker T. Washington Senior High School: GreatSchools Rating 3/10

How many bedrooms and bathrooms does this property have?

The property at 398 NE 5th St Unit 2003 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 398 NE 5th St Unit 2003 is 427 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 398 NE 5th St Unit 2003 is 2022.

Rocket Homes›Florida›Miami-Dade County›Miami›33132›398 NE 5th St Unit 2003

This home is located at 398 NE 5th St Unit 2003 in Miami, FL and zip code 33132 in the Downtown neighborhood. This 427 square foot home was built in 2022. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since May 08, 2024 and is currently priced at $725,000.

In April 2024 more than 120 listings in Miami, FL were sold above the asking price. During the same period more than 157 listings were sold at asking price, while more than 608 were sold below. The inventory of homes for sale in Miami, FL between March 2024 and April 2024 increased by 7.2%. In April 2024 median list price was $546,178 and the average listing age was 56 days.

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

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