Price Check
How this price compares
- List price
- $580,000
- Price per sq ft
- $1,602
- Original price
- Unchanged
- Days on market
- 323
This condo in The Elser is listed at $580,000, or $1,602 per square foot. It has been on the market for 323 days.
Estimated monthly payment
$3,048 /mo
Principal and interest only, based on $116,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $500/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $580,000
- Days on Site
- 323 Days
- Bedrooms
- 0
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 362 sqft
- Total Sq Ft
- 362 sqft
- Year Built
- 2022
- Property Type
- Condo
- MLS #
- A11863322
- Property Tax
- $10,297 (2024)
- HOA Fees
- $500 / Monthly
- Subdivision
- The Elser
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
A rare blend where luxury meets investment potential for exceptional ROI in Downtown Miami. Experience modern elegance in this turnkey, fully furnished, high-floor designer studio with cinematic Biscayne Bay and Downtown skyline views. Floor-to-ceiling glass frames a sleek open layout with king bed, sofa bed, full kitchen, washer/dryer, curated finishes, and secure keyless entry. Command resort-caliber amenities: rooftop pool with bar and restaurant, two-story fitness center, jacuzzi, 24/7 concierge, Beach Club access, and valet. Steps to Kaseya Center, Bayside, Brightline, dining, and shopping. Flexible ownership allows for personal enjoyment or lucrative short-term rentals in a high-demand market. Seize this opportunity to own at The Elser.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2022
- Property Condition
- Resale
- Number of Stories
- 47
- Garage Spaces
- 1
- Parking
- Valet
- Living Sq Ft
- 362
- Total Sq Ft
- 362
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Water Heater / Ice Maker / Microwave / Oven / Refrigerator / Trash Compactor / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Tile
- Interior Features
- Built In Features / Bedroom On Main Level / Entrance Foyer / Elevator / Separate Shower / Vaulted Ceilings / Bar
- Windows
- Blinds
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Outdoor Living Area
- Pool Features
- Heated
- Patio & Porch
- Open / Balcony
- Waterfront Features
- Bayfront / Intracoastal Access / None / Ocean Front
- View
- Bay / Intercoastal / Ocean / Water
Community & HOA
- HOA Fee
- $500 / Monthly
- HOA Includes
- Maintenance Structure / Pools / Sewer / Security / Trash / Water
- Association Amenities
- Business Center / Fitness Center / Maintenance Grounds / Picnic Area / Playground / Pool / Sauna / Spa Hot Tub / Elevators
- Security
- Security System / Closed Circuit Cameras / Elevator Secured / Fire Alarm / Key Card Entry / Smoke Detectors
- Pets Allowed
- Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional / FHA
- Restrictions
- No Rv / No Truck / No Trailer Parking
- MLS Area
- 2420
This home's HOA fee works out to $500 a month, 33% below the $745 median across 9 homes for sale in The Elser. See The Elser HOA fees
Schools
- Elementary School
- Frederick Douglass
- Middle School
- Jose De Diego
- High School
- Booker T. Washington
About the Community
The Elser is a waterfront community in Miami, Miami-Dade County, Florida. Active listings are priced from $579,000 to $1,200,000. Homes were built starting 2022. Pure Equity lists homes in The Elser and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 9
- Under Contract
- 1
- Median List Price
- $850,000
- Median $/Sq Ft
- $1,575
- Avg Days on Market
- 244
Frequently Asked Questions
- How do I schedule a tour of 398 NE 5 4416 4416, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 398 NE 5 4416 4416, Miami, FL 33132. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 398 NE 5 4416 4416, Miami, FL 33132 still available?
- 398 NE 5 4416 4416, Miami, FL 33132 is currently listed as Active, and has been on the market 323 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 398 NE 5 4416 4416, Miami, FL 33132?
- With 20% down ($116,000) on the $580,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5 4416 4416, Miami, FL 33132 is about $3,048/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 398 NE 5 4416 4416, Miami, FL 33132?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 398 NE 5 4416 4416, Miami, FL 33132. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 398 NE 5 4416 4416, Miami, FL 33132 have an HOA fee?
- Yes: 398 NE 5 4416 4416, Miami, FL 33132 carries an HOA fee of about $500 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 398 NE 5 4416 4416, Miami, FL 33132?
- 398 NE 5 4416 4416, Miami, FL 33132 is zoned for Frederick Douglass (elementary), Jose De Diego (middle), Booker T. Washington (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 398 NE 5 4416 4416, Miami, FL 33132?
- Often, yes. The right offer on 398 NE 5 4416 4416, Miami, FL 33132 depends on how it's priced against comparable condo sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Parsiani Real Estate
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$580,000
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Listed by John Reza Parsiani, Parsiani Real Estate
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Recent Sales
Recently sold homes in The Elser
These are the last 6 recorded closings in The Elser, with the price each home actually sold for rather than what it was listed at. They closed at a median of $1,072 per square foot. The most recent closed on May 7, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$420,000
Sold · May 7, 2026
398 NE 5th Street 2316
0 bed · 1 bath · 362 sqft · $1,160/sqft
$55,000 under the asking price
Sold$400,000
Sold · March 9, 2026
398 NE 5th Street 1416
0 bed · 1 bath · 455 sqft · $879/sqft
$18,000 under the asking price
Sold$475,000
Sold · January 28, 2026
398 NE 5th Street 1906
0 bed · 1 bath · 443 sqft · $1,072/sqft
$14,900 under the asking price
Sold$450,000
Sold · January 21, 2026
398 NE 5th Street 3406
1 bed · 1 bath · 443 sqft · $1,016/sqft
$49,000 under the asking price
Sold$475,000
Sold · December 15, 2025
398 NE 5th Street 2503
1 bed · 1 bath · 439 sqft · $1,082/sqft
$20,000 under the asking price
Sold$475,000
Sold · December 12, 2025
398 NE 5th Street 2506
1 bed · 1 bath · 443 sqft · $1,072/sqft
$14,000 under the asking price
See every recorded sale in The Elser or find out what your The Elser home is worth.
