398 Northeast 5th Street, Unit 2516

Miami, FL 33132

$645,000
Price
Studio
Beds
1
Bath
362 Sq. Ft.
$1,782 / Sq. Ft.
362
Sq. Ft.
$1,782
per Sq. Ft.

Description

Experience the ultimate in flexibility and income potential with this stunning studio unit. Whether you choose to live in it, lease it annually, or capitalize on the lucrative short-term rental market through platforms like Airbnb, VRBO, or Expedia, this property offers endless possibilities. The unit is exactly as depicted in the photos, featuring breathtaking views and exceptional design. Currently managed by YourHome Hospitality LLC, a premier vacation rental management company, all the details...Experience the ultimate in flexibility and income potential with this stunning studio unit. Whether you choose to live in it, lease it annually, or capitalize on the lucrative short-term rental market through platforms like Airbnb, VRBO, or Expedia, this property offers endless possibilities. The unit is exactly as depicted in the photos, featuring breathtaking views and exceptional design. Currently managed by YourHome Hospitality LLC, a premier vacation rental management company, all the details are expertly handled for you. This property is a prime income-generating opportunity, complete with top-tier amenities, including a state-of-the-art gym, pool, bar, restaurants, 24/7 front desk service, and more.
  1. Listed by Riad Fayad • Sigma Real Estate & Investment

Property Details for 398 Northeast 5th Street, Unit 2516

Subdivision
THE ELSER
Complex Name
THE ELSER
Style
Condo 5+ Stories
Waterfront
Yes
Waterfront Description
Bay Front
View
Bay
Unit View
Bay
Area
41
LISTING UPDATED: 08/28/2024 10:21 AM

Property Details for 398 Northeast 5th Street, Unit 2516

StatusActive
MLS #A11647764
Days on Market107
Taxes$9,980 / year
HOA Fees$470 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCondo/Co-Op/Villa/Townhouse
Year Built2022
CountyMiami-Dade County

Building Information for 398 Northeast 5th Street, Unit 2516

Building/ComplexTHE ELSERFloor-Stories47Residences-Pet Policy-Year Built2022

Property Information for 398 Northeast 5th Street, Unit 2516

Location Information
Location Information
  • Parcel Number Free Text: 01-41-37-078-5220
  • Parcel Number MLX: 5220
  • MLS Area: 41
  • Municipal Code: 1
  • Township Range: 41
  • Section: 37
  • Subdivision Number: 78
  • Subdivision Complex Bldg: THE ELSER
  • Unit Floor Location: 25
  • Total Floors In Building: 47
General Information
Parking
  • Num Garage Spaces: 1
  • Parking Description: 1 Space, Valet Parking
General Information
  • Housing Older Persons Act: No HOPA
  • Property Detached: Yes
  • Minimum Num of Days for Lease: 1
  • Num Times Leased Year: 365
  • Type of Governing Bodies: Condominium
  • Unit Design: High Rise
  • Water Access: None
  • Construction: Concrete Block Construction
  • Construction Type: Concrete Block Construction
  • Flooring: Ceramic Floor
  • Floor Description: Ceramic Floor
  • Security Information: Doorman, Elevator Secure, Lobby Secured
Room Information
Room Information
  • Bedroom Description: Entry Level
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Central Cooling
Additional Property Information
  • Pets Allowed: Yes
  • Pets Allowed: Yes
  • Pet Restrictions: Restrictions Or Possible Restrictions
  • Guest Accommodations: No
  • Room Count: 0
  • Interior Features: Elevator
  • Equipment Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Elevator, Icemaker, Microwave, Electric Range, Refrigerator, Smoke Detector, Washer
  • Exterior Features: High Impact Doors, Open Balcony
  • Maintenance Includes: Cable Tv, Common Area, Internet/WiFi, Parking, Pool Service, Sewer, Trash Removal, Water
  • Amenities: Elevator, Exercise Room, Exterior Lighting, Heated Pool, Pool, Trash Chute
Financial Information
Financial Information
  • Total Mortgage: $300,000
  • Type of Association: Condo
  • Assoc Fee Paid Per: Monthly
  • Tax Year: 2023
  • Tax Information: Tax Reflects No Exemptions
Rental Information
Rent Information
  • Approval Information: 1-2 Weeks Approval
Rent Status
  • Other Fees: $150

Property History for 398 Northeast 5th Street, Unit 2516

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 398 Northeast 5th Street, Unit 2516

Taxable ValueLand-Additions-Total-
Tax Record2023$9,481 ($790 / month)
Home Facts
Beds0Total Finished SqFt362 SqFtAbove Grade Finished SqFt362 SqFtStyleCondominiumYear Built2022CountyMIAMI-DADEAPN01-4137-078-5220

Schools near 398 Northeast 5th Street, Unit 2516

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Frederick R. Douglass Elementary School
PublicPK to 5

Jose De Diego Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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398 Northeast 5th Street, Unit 2516 is a condo for sale in Miami, FL 33132. This property was listed for sale on August 26, 2024 by Sigma Real Estate & Investment, it's currently listed at $645,000. It has been on the market for a total of 107 days and was last sold on April 4, 2023. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Frederick R. Douglass Elementary School, Air Base K-8 Center for International Education and Jose De Diego Middle School. 398 Northeast 5th Street, Unit 2516 is a 0-bed, 1-bath, 362 sqft condo built in 2022.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Sigma Real Estate & Investment

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.