Home » Properties » 398 NE 5th St # 3310, Miami FL 33132

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Modern 1-Bed Condo with Biscayne Bay Views in Downtown Miami

Fully furnished 1-bed, 1-bath condo at The Elser with luxury finishes, balcony, and resort-style amenities in prime Downtown Miami.

$950,000

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MLS #A11890000

Listing Updated: 2026-07-22 00:20:04

Listed By: EXP Realty LLC

Overview

This contemporary 1-bedroom, 1-bath condominium at The Elser offers 509 sqft of thoughtfully designed living space with direct views of Biscayne Bay. Built in 2022, the residence features 9-foot ceilings, quartz countertops, porcelain wood-look flooring, and Italkraft cabinetry. The modern bathroom includes a frameless glass shower, while built-out closets provide ample storage. Residents enjoy resort-style amenities such as a pool, gym, business center, bar, beach service, and picnic areas. The property includes one covered garage space with valet parking, and it welcomes pets. Both short- and long-term rentals are permitted, making it suitable for various lifestyles.

Property Highlights

Prime Downtown Miami location, Biscayne Bay views, 1 bedroom, 1 bathroom, 509 sqft, luxury finishes, open balcony, resort amenities, pet-friendly, valet parking, built in 2022.

Property Details

City: Miami

State: FL

Zip Code: 33132

Address: 398 NE 5th St # 3310, Miami FL 33132

Year Built: 2022

Property Type: Residential

Property Sub Type: Condominium

Listing Office Name: EXP Realty LLC

County: Miami-Dade County

Garage Spaces: 1

Parking Features: 1 Space, Covered, Valet

Interior Features: Lobby, Closet Cabinetry, Other

Exterior Features: East Of Us1, Open Balcony, Other

Waterfront: Yes

Pool: No

HOA Fee: $567

Annual Tax: $15,775

Days On Market: 246 Days

Original Listing Description

Discover The Elser, a fully furnished 1-bed/1-bath residence with direct views to the Biscayne Bay and a prime Downtown Miami location. Luxury finishes include 9 ft ceilings, quartz countertops, porcelain wood-look flooring, Italkraft cabinetry, built-out closets, and modern baths with frameless glass showers. Resort-style amenities feature a pool, gym, business center, bar, beach service, and picnic area. Pet-friendly, with both short- and long-term rentals allowed—just bring your clothing and enjoy Miami living at its best!

Property Location

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

398 NE 5th St # 3310, Miami FL 33132

About This Neighborhood

Located in the heart of Downtown Miami, this property benefits from easy access to cultural venues, dining, shopping, and waterfront parks. The neighborhood is known for its dynamic urban lifestyle, blending business hubs with entertainment and leisure options. Residents enjoy proximity to Biscayne Bay, offering scenic views and outdoor activities. The area is well-connected by public transportation and major roadways, making commuting and exploring Miami convenient.

Walkability & Lifestyle

This Downtown Miami location is highly walkable, with numerous restaurants, shops, and entertainment venues nearby. Residents can enjoy waterfront parks and marinas within walking distance, as well as cultural attractions and nightlife. Daily conveniences such as grocery stores and fitness centers are easily accessible, supporting an active and convenient lifestyle without reliance on a vehicle.

Things To Do Nearby

Living in Downtown Miami offers a vibrant array of activities including dining at diverse restaurants, visiting art galleries, and enjoying waterfront recreation like boating and walking along Biscayne Bay. The area features parks, fitness centers, and nightlife options. Residents can also explore nearby cultural events, shopping districts, and golf courses, making it a dynamic place for leisure and entertainment.

Nearby Schools

Downtown Miami offers access to several educational institutions within reasonable commuting distance. Families and residents benefit from a variety of public and private schools, providing options for different educational needs. The area’s urban setting also supports access to libraries and community programs, enhancing the educational environment for residents.

Why Buyers Like This Area

Buyers appreciate this area for its central location, modern living spaces, and access to premium amenities. The combination of city convenience and waterfront views appeals to those seeking an urban lifestyle with outdoor enjoyment. The property’s features and the community’s offerings make it suitable for singles, professionals, and those desiring a manageable, stylish home in Miami’s core.

Investment Potential

This condominium’s location in Downtown Miami, combined with its modern design and resort-style amenities, makes it appealing for buyers seeking a primary residence or a flexible property for occasional rental use. The allowance of both short- and long-term rentals enhances its usability for various lifestyle needs. Its proximity to Biscayne Bay and urban conveniences supports steady demand among renters and residents looking for a vibrant city living experience.

Market Trends

Downtown Miami continues to attract interest due to its blend of residential and commercial development. The market features a mix of new construction and established properties, appealing to a diverse buyer pool. Limited inventory and desirable waterfront locations contribute to sustained buyer demand. The area remains a focal point for urban living, with ongoing enhancements to infrastructure and amenities supporting long-term appeal.

Rental Income Potential

Properties in Downtown Miami often attract tenants seeking proximity to employment centers, entertainment, and waterfront access. This condo’s modern features and resort amenities increase its appeal to renters. The flexibility to offer both short- and long-term leases can accommodate seasonal visitors and longer-term tenants. While rental income varies, the location and quality of the property support consistent tenant interest.