How do I schedule a tour of 398 NE 5th Street 1601, Miami, FL 33132?

Use the Tour button on this listing to request a showing of 398 NE 5th Street 1601, 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 1601, Miami, FL 33132 still available?

398 NE 5th Street 1601, Miami, FL 33132 is currently listed as Active. 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 1601, Miami, FL 33132?

With 20% down ($240,000) on the $1,200,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 1601, Miami, FL 33132 is about $6,307/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 1601, 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 1601, 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 1601, Miami, FL 33132 have an HOA fee?

Yes: 398 NE 5th Street 1601, Miami, FL 33132 carries an HOA fee of about $1,666 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 5th Street 1601, Miami, FL 33132?

398 NE 5th Street 1601, 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 5th Street 1601, Miami, FL 33132?

Often, yes. The right offer on 398 NE 5th Street 1601, 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.

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$1,200,000

398 NE 5th Street 1601

Miami, FL 33132

MAP OF MIAMI DADE CO. FL.

Explore the area: Miami homes for sale · Miami Dade County real estate

Price Check

How this price compares

List price: $1,200,000
Price per sq ft: $1,043
Vs. nearby sales: 106.9% above
Days on market: N/A

This 3-bedroom condo in ZIP 33132 is listed at $1,200,000, or $1,043 per square foot. The 6 most recent condo sales in the closings shown below sold at a median of $504 per square foot, so the asking price is 106.9% above what comparable homes here actually sold for.

Bedrooms

Bathrooms

1,150

Living Sq Ft

2022

Year Built

Estimated monthly payment

$6,307 /mo

Principal and interest only, based on $240,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $1,666/mo HOA are not included.

Customize this estimate

Listing Snapshot

Price: $1,200,000
Days on Site: 0 Days
Bedrooms: 3
Total Baths: 3
Full Baths: 3
Partial Baths: 0
Living Area: 1,150 sqft
Total Sq Ft: 1,150 sqft
Year Built: 2022
Property Type: Condo
MLS #: A12097432
Property Tax: $23,550 (2025)
HOA Fees: $1,666 / Monthly
Subdivision: MAP OF MIAMI DADE CO. FL.
County: Miami Dade
Status: Active
Special Conditions: Listed As Is

About This Property

Experience luxury in this stunning 3-bed, 3-bath residence at The Elser Hotel & Residences in Downtown Miami. Enjoy breathtaking views of Biscayne Bay and the city skyline from floor-to-ceiling windows and a private balcony. The open-concept layout features a gourmet kitchen with high-end finishes, smart keyless entry, and a 9'2" ceiling height. Perfect for investors, this fully furnished unit allows short-term rentals with NO Restrictions, or live yearround in style. The Elser offers resort-style amenities: a rooftop pool, fitness center, and 24/7 concierge. Steps from Bayfront Park, top dining, and entertainment, this residence delivers a vibrant, sophisticated lifestyle.Schedule a tour today to discover modern Miami living at its finest!

MLS media link

General Features

Property Type: Condo
Status: Active
Year Built: 2022
Property Condition: Resale
Number of Stories: 42
Garage Spaces: 0
Parking: Valet
Living Sq Ft: 1,150
Total Sq Ft: 1,150

Interior Features

Appliances: Dryer / Dishwasher / Microwave / Washer
Cooling: Central Air / Electric
Heating: Central / Electric
Flooring: Tile
Fireplace: Yes
Interior Features: Bathtub / Closet Cabinetry / Elevator / Soaking Tub / Bar

Exterior Features

Construction: Block
Exterior Features: Balcony / Barbecue / Outdoor Living Area
Pool Features: Association
Patio & Porch: Deck / Open / Balcony
Waterfront: Yes
Waterfront Features: Bayfront / None
View: Bay

Community & HOA

HOA Fee: $1,666 / Monthly
HOA Includes: Insurance / Internet / Pools / Sewer / Security / Trash / Water
Association Amenities: Elevators / Fitness Center / Picnic Area / Pool / Parking / Sauna / Spa Hot Tub
Security: Security System / Fire Alarm / Key Card Entry
Pets Allowed: Yes
Financing Terms: Cash / Conventional
Restrictions: Okay To Lease1st Year / Ok To Lease / Short Term Rentals Allowed
MLS Area: 2420

Schools

Elementary School: Frederick Douglass
Middle School: Jose De Diego
High School: Booker T. Washington

About the Area

Miami

View Miami Real Estate →

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

View all 9,370 homes for sale in Miami →

Frequently Asked Questions

How do I schedule a tour of 398 NE 5th Street 1601, Miami, FL 33132?: Use the Tour button on this listing to request a showing of 398 NE 5th Street 1601, 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 1601, Miami, FL 33132 still available?: 398 NE 5th Street 1601, Miami, FL 33132 is currently listed as Active. 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 1601, Miami, FL 33132?: With 20% down ($240,000) on the $1,200,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 1601, Miami, FL 33132 is about $6,307/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 1601, 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 1601, 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 1601, Miami, FL 33132 have an HOA fee?: Yes: 398 NE 5th Street 1601, Miami, FL 33132 carries an HOA fee of about $1,666 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 5th Street 1601, Miami, FL 33132?: 398 NE 5th Street 1601, 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 5th Street 1601, Miami, FL 33132?: Often, yes. The right offer on 398 NE 5th Street 1601, 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 My Realty Group, 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 October 1, 2026.

$1,200,000

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Listed by Sandra Guerra, My Realty Group, LLC.

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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.