For saleReduced $100,000 from $700,000Virtual tour

$600,000

357 sq ft

398 Ne 5th St #3013Miami, FL 33132

Homes, condos and townhomes · MLS 11901889 · Listed 99 days ago (Jul 23, 2026)

Bay, harbor, inlet or sound · Shared waterfront site · Waterfront details

Report a problem

For sale: Listed and available according to the MyStateMLS feed.

About this property

Wake up to breathtaking, unobstructed views of the Atlantic Ocean, Biscayne Bay and the Port of Miami from this fully furnished studio on the 30th floor of ELSER, one of Downtown Miami's newest luxury towers. This turnkey residence features laminate and tile flooring, stainless steel appliances and a smart, functional layout ideal for an investor or end-user. Residents enjoy resort-style amenities including a pool, billiards room, BBQ/picnic area, business center and elevator-secured access, plus deeded beach access nearby. One assigned parking space is included. Ideally located in the heart of Downtown Miami, moments from Bayside Marketplace, the Arsht Center, Brickell and Miami's best dining and entertainment.

Description provided by the listing brokerage.

MLS-reported waterfront

Waterfront details

The home is part of a condominium, cooperative or community whose shared site is reported as waterfront. Shoreline and docks are typically common or community property, not owned by the individual unit.

Relationship to the water
Shared waterfront site
Water body
Not provided. Ask the listing agent.
Frontage length
Not provided. Ask the listing agent.
Water access arrangement
Not provided. Ask the listing agent.
Docks, slips, lifts, moorings
Not provided. Ask the listing agent.
Dock depth
Not provided. Ask the listing agent.
Shoreline
Beach access reported
Seasonal or tidal conditions
Not provided. Ask the listing agent.
Boating limits (bridges, depth, open-water access)
Not provided. Ask the listing agent.
Why this is listed as waterfront
  • WaterfrontYN “Yes”: The listing is marked waterfront.
  • WaterfrontFeatures “Beach Access, Bay”: Describes the water without a frontage value.
  • PropertyTypeDetail “condo”: A unit on a shared (condominium-style) site.

Classified from fields in the MyStateMLS listing data. It has not been independently verified, and it is not a survey, title examination or legal determination of shoreline or access rights. Rules version 2026-10-29.1. How we classify waterfront

Something wrong with this classification? Report a waterfront classification issue. Questions about frontage, docks or access are best answered by Compass Florida, LLC.

Facts

List price
$600,000
Original list price
$700,000
Status
For sale
Property type
Condo
Full baths
1
Interior area
357 sq ft
Year built
2022
Garage spaces
1
County
Miami-Dade County
MLS number
11901889
Annual property tax (2025)
$10,091

Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them.

Features

Appliances

  • Range
  • Microwave
  • Water Heater
  • Dryer
  • Disposal
  • Dishwasher

Flooring

  • Tile

Virtual tours

Location

The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or shoreline, and no flood, wetland or hazard conclusion should be drawn from it. See more listings in Miami.

Price and status history

  • Original list price reported by the brokerage: $700,000

Changes observed by Waterfront Homes in MyStateMLS data since Oct 29, 2026. This is not a public-record sales history; MyStateMLS does not publish sold prices.

Estimate a monthly payment

$120,000
Illustrative. Replace with a quote from your lender.
From the listing (tax year 2025). Taxes can change after a sale.
Get a quote; rates vary widely by location.
Manufactured homes on a leased lot.
Applied only while the loan is over 80% of the price. Illustrative.

Estimated monthly payment

$4,050 per month

Principal and interest$3,034
Property tax$841
Homeowners insurance$175
Loan amount$480,000
Total interest over the term$612,214

An estimate for comparison only, not a loan offer or approval. Actual rates, taxes, insurance, PMI and fees depend on your lender, credit, location and loan program.

Similar waterfront listings nearby

Waterfront listings of the same property type and water type in Miami, priced within 25% of this listing ($450,000 to $750,000), newest first. Each one passes the same waterfront rules. See all matches

Photo 1 of 44, home at 801 Brickell Key Blvd #2006, Miami, FL 33131
For saleVirtual tour

$580,000

1 bed863 sq ft

Bay, harbor, inlet or soundShared waterfront site

801 Brickell Key Blvd #2006Miami, FL 33131

Condo · MLS 12038010

Listing courtesy of Compass Florida, LLC · MyStateMLS

Southwest-facing
For saleVirtual tour

$499,900

1 bed649 sq ft

Bay, harbor, inlet or soundShared waterfront site

1300 S Miami Ave #2808Miami, FL 33130

Condo · MLS 12021398

Listing courtesy of Compass Florida, LLC · MyStateMLS

Photo 1 of 16, home at 888 Biscayne Blvd #411, Miami, FL 33132
For saleVirtual tour

$595,000

1 bed845 sq ft

Bay, harbor, inlet or soundShared waterfront site

888 Biscayne Blvd #411Miami, FL 33132

Condo · MLS 12014399

Listing courtesy of Compass Florida, LLC · MyStateMLS

Photo 1 of 36, home at 555 Ne 15th St #26K, Miami, FL 33132
For saleVirtual tour

$459,000

1 bed840 sq ft

Bay, harbor, inlet or soundShared waterfront site

555 Ne 15th St #26KMiami, FL 33132

Condo · MLS 12006921

Listing courtesy of Compass Florida, LLC · MyStateMLS

Photo 1 of 14, home at 1865 Brickell Ave #A1911, Miami, FL 33129
For saleDock reportedVirtual tour

$735,000

2 beds1,362 sq ft

Ocean or gulf · Bay, harbor, inlet or soundShared waterfront site

1865 Brickell Ave #A1911Miami, FL 33129

Condo · MLS 12006878

Listing courtesy of Compass Florida, LLC · MyStateMLS

Photo 1 of 33, home at 501 Ne 31st St #2504, Miami, FL 33137
For saleVirtual tour

$479,000

1 bed610 sq ft

Ocean or gulf · Bay, harbor, inlet or soundShared waterfront site

501 Ne 31st St #2504Miami, FL 33137

Condo · MLS 11985166

Listing courtesy of Compass Florida, LLC · MyStateMLS

Questions to ask before you buy

Questions worth investigating for any waterfront property. They are not claims that this property has a problem or meets any condition.

  1. Who owns the shoreline and the land under the water, and are there easements or public-access rights along it?Ownership can stop at a high-water line, a survey line or a seawall. A title search and survey answer this, not the listing.
  2. Is a dock, slip, lift or mooring included, and do the rights transfer to you?Docks can be shared, leased, assigned by an association or held under a permit that does not automatically transfer.
  3. What permits exist for the dock, seawall or other shoreline structures, and what would new work require?Shoreline work is often regulated by local, state and federal agencies.
  4. How much does the water level change by season, by tide or by reservoir management?Depth at a dock in one season can differ a lot in another.
  5. What does flood insurance cost for this property, and what does the current flood map show?Get a quote from an insurer or agent. A flood zone is not a premium, and no zone does not mean no risk.
  6. What maintenance does the shoreline need (seawall, bulkhead, riprap, erosion), and what has been done recently?Shoreline structures are expensive to repair; ask for records and inspection reports.
  7. How are water, sewer or septic, and power provided?Waterfront septic systems and wells can have extra rules and inspections.
  8. How do you reach the property by road year-round, and who maintains that road?Some waterfront roads are private, seasonal or shared.
  9. What local rules apply: rentals, docks, boat lifts, fences, tree removal, setbacks?Rules come from the town, county, state, lake authority or association and vary widely.

Printable due-diligence checklist · Ownership budget planner · FEMA Flood Map Service Center (official flood maps; look up the address yourself)

Guides and next steps

Listing courtesy of Compass Florida, LLC. Listings provided by MyStateMLS.

Listing last updated by the brokerage Sep 11, 2026, 12:50 PM UTC. Waterfront Homes last received MyStateMLS data Oct 30, 2026, 6:32 PM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing agent.