Home » Properties » 398 NE 5th St # 3008, Miami FL 33132

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Modern 1-Bed Condo with Balcony in Downtown Miami

Contemporary 1-bedroom, 1-bath condo at 398 NE 5th St #3008, Miami. Features open balcony, assigned parking, built in 2022.

$509,900

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MLS #A11886133

Listing Updated: 2026-07-21 00:37:46

Listed By: Beachfront Realty Inc

Overview

This modern condominium offers a comfortable 430 sqft living space in the heart of Miami’s vibrant downtown area. Built in 2022, the unit includes one bedroom and one bathroom, complemented by an open balcony that provides outdoor space to enjoy city views. Residents benefit from assigned valet parking with one garage space, adding convenience in a busy urban setting. The property’s location at 398 NE 5th St places it close to major business districts, entertainment venues, and cultural attractions, making it an ideal choice for professionals, buyers, or renters seeking a stylish urban lifestyle.

Property Highlights

1 bedroom, 1 bathroom, 430 sqft, built in 2022, open balcony, assigned valet parking, 1 garage space, downtown Miami location

Property Details

City: Miami

State: FL

Zip Code: 33132

Address: 398 NE 5th St # 3008, Miami FL 33132

Year Built: 2022

Property Type: Residential

Property Sub Type: Condominium

Listing Office Name: Beachfront Realty Inc

County: Miami-Dade County

Garage Spaces: 1

Parking Features: 1 Space, Assigned, Valet

Interior Features: Other

Exterior Features: Open Balcony

Waterfront: Yes

Pool: No

HOA Fee: $1,983

Annual Tax: $11,350

Days On Market: 251 Days

Original Listing Description

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Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

398 NE 5th St # 3008, Miami FL 33132

About This Neighborhood

Situated in downtown Miami, this condo benefits from a vibrant neighborhood known for its mix of commercial, residential, and cultural spaces. The area offers easy access to public transportation, dining, shopping, and entertainment options. Residents enjoy a lively urban environment with parks and waterfront areas nearby, providing a balance of city life and outdoor activities.

Walkability & Lifestyle

This location offers excellent walkability with numerous restaurants, cafes, shops, and cultural venues within easy reach. Residents can enjoy strolls to waterfront parks and marinas, enhancing lifestyle options. The neighborhood supports an active urban lifestyle with convenient access to daily necessities and leisure activities on foot.

Things To Do Nearby

Downtown Miami features a rich array of activities including dining at diverse restaurants, visiting art galleries, enjoying nightlife, and exploring waterfront parks. Residents have access to boating, cultural events, and shopping centers, providing a well-rounded lifestyle with plenty of entertainment and recreational options nearby.

Nearby Schools

The downtown Miami area provides access to a variety of educational institutions, from primary schools to higher education facilities. Families and individuals benefit from the convenience of nearby schools, which are accessible via public transportation or short drives, supporting an easy daily routine for residents with children or students.

Why Buyers Like This Area

Buyers appreciate this area for its central location, modern housing options, and vibrant community atmosphere. The convenience of assigned parking, proximity to workplaces, and access to cultural and recreational amenities make it attractive for a variety of lifestyles, from young professionals to downsizers.

Investment Potential

This condominium's location in downtown Miami offers steady interest from buyers and renters due to its proximity to business hubs and cultural amenities. The modern design and amenities appeal to urban professionals and those seeking a convenient lifestyle. While Miami’s real estate market is dynamic, properties in this area maintain consistent demand, making it a practical choice for buyers looking for a residence or rental property with good usability and tenant appeal.

Market Trends

Miami’s downtown real estate market continues to attract buyers due to its central location and ongoing development. Inventory in this area tends to be competitive, with demand driven by professionals and individuals seeking urban living. The market reflects a steady interest in modern condominiums that offer convenience and amenities close to work and leisure destinations.

Rental Income Potential

Properties like this one attract tenants looking for modern, centrally located living spaces with easy access to Miami’s business and entertainment districts. The unit’s features, including assigned parking and a balcony, enhance its rental appeal. Seasonal demand and the city’s popularity contribute to consistent tenant interest, making it suitable for those considering rental opportunities.