Luxury condo with no rental restrictions, allowing daily, weekly, and short-term rentals—ideal for investors seeking strong income potential in Miami’s high-demand short-term rental market.
Turnkey, fully finished and furnished residences with floor-to-ceiling glass and private balconies offering sweeping city and bay views. Owners may participate in a professionally managed onsite rental program for seamless operations and optimized returns.
Resort-style amenities include a panoramic bayfront pool deck, multi-level fitness center, coworking spaces, lounges, café, and concierge services. Unbeatable walkable location steps from Bayside Marketplace, Bayfront Park, Kaseya Center, dining, nightlife, Brightline and major transit. A rare chance to own a flexible-use, income-producing asset in one of Miami’s most dynamic urban cores.
Amenities
Business Center
Clubhouse
Fitness Center
Barbecue
Picnic Area
Pool
Elevators
Interior Features
Built In Features
Bedroom On Main Level
Vaulted Ceilings
Walk In Closets
Exterior Features
Balcony
Security High Impact Doors
Property Tax Information
Tax Amount: $10,703
Tax Year: 2025
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Property Taxes
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varies by area. Homeowners pay this tax annually, semi-annually, or as part of a
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HOA Fees
Fees paid by homeowners within a shared complex to pay
for building repairs and operation costs. HOA fees are typically paid monthly or
quarterly.
Homeowners Insurance Homeowners insurance covers
losses and damages to your
home, property, personal belongings, and other assets in your home. The policy
also provides liability coverage against accidents in the home or on the
property. When applying for a mortgage, the applicant is usually required to
provide proof of insurance on the property before the financial institution will
approve the loan.
Private Mortgage Insurance (PMI) Borrowers with a down payment of less than 20% may be
required to purchase mortgage insurance. Mortgage insurance protects the
mortgage lender against loss if a borrower defaults on their loan. Typically,
mortgage insurance rates range from 0.2%–2% of the loan amount per year. Your
actual rate may vary.
Downtown Miami 398 NE 5th St #2205 has 1 Beds , 1 Bathrooms , and 442 square feet. The asking price for this property is $699000, or $1581 per square feet.
1 Beds
1 Baths
