$425,000
Sold · October 22, 2025
398 NE 5th Street 1516
Elser Hotel & Residences
Explore the area: Miami homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $425,000
- Vs. list price
- 0.9% under
- Days on market
- 216
- Price per sq ft
- $1,174
This condo in ZIP 33132 sold for $425,000 on October 22, 2025. That was 0.9% below its final list price of $429,000. It first came on the market at $545,000, so the price was adjusted before it sold. It spent 216 days on the market. At $1,174 per square foot, it closed 132.9% above the $504 median of the 6 other condo sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $425,000
- Sold On
- October 22, 2025
- Days on Site
- 216 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 #
- A11763592
- Property Tax
- $9,444 (2024)
- HOA Fees
- $557 / Monthly
- Subdivision
- Elser Hotel & Residences
- Development
- The Elser
- County
- Miami Dade
- Status
- Sold
- Special Conditions
- Real Estate Owned / Listed As Is
About This Property
Lowest price, turnkey studio with water and skyline views at Downtown Miami’s premier condo-hotel, The Elser Hotel & Residences. Fully furnished with smart access, floor-to-ceiling windows, and designer finishes. Prime location steps from Bayfront Park, Kaseya Center, Bayside, and Miami Worldcenter. Enjoy resort-style amenities: rooftop pool with massive LED screen, full gym, spa, lounge, bar, and 24/7 concierge. Flexible short-term rental use allowed through In-House and approved management companies. Ideal for personal use and income generation when not in residence.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 2022
- Number of Stories
- 49
- Levels
- One
- Garage Spaces
- 1
- Attached Garage
- Yes
- Parking
- Attached / Garage / Valet
- Living Sq Ft
- 362
- Total Sq Ft
- 362
Interior Features
- Appliances
- Dryer / Dishwasher / Disposal / Microwave / Refrigerator / Washer
- Cooling
- Central Air / Electric
- Heating
- Central / Electric
- Flooring
- Ceramic Tile
- Interior Features
- Built In Features / Bedroom On Main Level / Closet Cabinetry / Elevator / Separate Shower / Bar
- Furnished
- Furnished
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Lighting / Outdoor Living Area
- Pool Features
- Association / Heated
- Patio & Porch
- Open / Balcony
- View
- City / Ocean / Water
Community & HOA
- HOA Fee
- $557 / Monthly
- HOA Includes
- Common Areas / Cable Tv / Internet / Maintenance Grounds / Maintenance Structure / Pools / Sewer / Security / Trash / Water
- Association Amenities
- Business Center / Clubhouse / Fitness Center / Maintenance Grounds / Picnic Area / Pool / Parking / Elevators
- Security
- Lobby Secured / Smoke Detectors
- Utilities
- Cable Available
- Pets Allowed
- Yes
- Financing Terms
- Cash / Owner Will Carry / Other
- Restrictions
- No Restrictions / Other Restrictions
- MLS Area
- 2410
About the Area
Browse Miami homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 9,370
- Under Contract
- 1,779
- Median List Price
- $645,000
- Median Sale Price (September)
- $592,500
- Median $/Sq Ft
- $509
- Avg Days on Market
- 144
Frequently Asked Questions
- How do I schedule a tour of 398 NE 5th Street 1516, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 398 NE 5th Street 1516, 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 5th Street 1516, Miami, FL 33132 still available?
- 398 NE 5th Street 1516, Miami, FL 33132 is currently listed as Sold, and has been on the market 216 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 5th Street 1516, Miami, FL 33132?
- With 20% down ($85,800) on the $429,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 1516, Miami, FL 33132 is about $2,255/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 5th Street 1516, Miami, FL 33132?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 398 NE 5th Street 1516, 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 5th Street 1516, Miami, FL 33132 have an HOA fee?
- Yes: 398 NE 5th Street 1516, Miami, FL 33132 carries an HOA fee of about $557 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- Can I negotiate the price of 398 NE 5th Street 1516, Miami, FL 33132?
- Often, yes. The right offer on 398 NE 5th Street 1516, 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 Real Broker LLC
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 July 1, 2026.
$425,000
Own a home nearby?
This sale is now a comparable for every home around it. Get a free estimate of what yours would sell for today.
Listed by Joseph Mooradian, Real Broker LLC
Map & Location
Featured Communities
Cities in Miami-Dade County
Zip Codes in Miami-Dade County
Property Types
Recent Sales
Recently sold homes in ZIP 33132
These are the last 6 recorded closings in ZIP 33132, with the price each home actually sold for rather than what it was listed at. They closed at a median of $517 per square foot. The most recent closed on October 15, 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$230,000
Sold · October 15, 2026
1750 N Bayshore Drive 1407
0 bed · 1 bath · 508 sqft · $453/sqft
$25,000 under the asking price
Sold$450,000
Sold · October 14, 2026
1800 N Bayshore Drive 306
1 bed · 2 bath · 870 sqft · $517/sqft
$25,000 under the asking price
Sold$420,000
Sold · October 14, 2026
1600 NE 1st Avenue 1014
1 bed · 1.5 bath · 857 sqft · $490/sqft
$3,000 under the asking price
Sold$730,000
Sold · October 9, 2026
1900 N Bayshore Drive 3202
2 bed · 2.5 bath · 1,400 sqft · $521/sqft
$25,000 under the asking price
Sold$399,000
Sold · October 9, 2026
20 NE 11th Street 4803A
0 bed · 1 bath · 275 sqft · $1,451/sqft
Sold$370,000
Sold · October 9, 2026
244 Biscayne Boulevard 2604
1 bed · 1 bath · 806 sqft · $459/sqft
$19,000 under the asking price
See every recorded sale in ZIP 33132 or find out what your ZIP 33132 home is worth.
