How do I schedule a tour of 398 NE 5th Street 1615, Miami, FL 33132?

Use the Tour button on this listing to request a showing of 398 NE 5th Street 1615, Miami, FL 33132. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity Realty agent will confirm your visit, often the same day.

Is 398 NE 5th Street 1615, Miami, FL 33132 still available?

398 NE 5th Street 1615, Miami, FL 33132 is currently listed as Active, and has been on the market 22 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 1615, Miami, FL 33132?

With 20% down ($158,000) on the $790,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 1615, Miami, FL 33132 is about $4,152/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 1615, 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 1615, Miami, FL 33132. Contact Pure Equity Realty and we'll connect you with a trusted local lender to review your financing options, no obligation.

Does 398 NE 5th Street 1615, Miami, FL 33132 have an HOA fee?

Yes: 398 NE 5th Street 1615, Miami, FL 33132 carries an HOA fee of about $1,756 quarterly. 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 1615, Miami, FL 33132?

398 NE 5th Street 1615, 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 1615, Miami, FL 33132?

Often, yes. The right offer on 398 NE 5th Street 1615, 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 Realty will run the comps and help you craft a competitive, well-supported offer.

Active

22 Days on Market

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All Listings

$790,000

398 NE 5th Street 1615

Miami, FL 33132

Elser Residences

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

Bedrooms

Bathrooms

560

Living Sq Ft

2022

Year Built

Estimated monthly payment

$4,152 /mo

Principal and interest only, based on $158,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.

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Listing Snapshot

Price: $790,000
Days on Site: 22 Days
Bedrooms: 1
Total Baths: 1
Full Baths: 1
Partial Baths: 0
Living Area: 560 sqft
Total Sq Ft: 560 sqft
Year Built: 2022
Property Type: Condo
MLS #: A12061775
Property Tax: $12,578 (2025)
HOA Fees: $1,756 / Quarterly
Subdivision: Elser Residences
County: Miami Dade
Status: Active
Special Conditions: Corporate Listing / Listed As Is

About This Property

Experience the ultimate blend of luxury, flexibility, and investment potential at The Elser Hotel & Residences in the heart of Downtown Miami.This beautifully furnished 1-bedroom, 1-bathroom residence offers a thoughtfully designed living space with spectacular city and Biscayne Bay views. Delivered fully furnished and turnkey, the residence is ready for immediate personal enjoyment or income generation from day one.Perfectly positioned directly across from Bayside Marketplace, Bayfront Park, Kaseya Center, and PortMiami, you'll be at the center of Miami's most vibrant entertainment, dining, shopping, and tourism district. With short-term rentals permitted, this residence presents an exceptional opportunity for investors seeking strong rental demand and maximum flexibility.Residents enjoy world-class amenities, resort-style services, and one of the most sought-after addresses for both visitors and owners. Whether you're looking for a vacation home, an investment opportunity, or both, this is a rare opportunity to own a turnkey residence in one of Miami's fastest-growing neighborhoods.Don't miss your chance to own a condo in one of Downtown Miami's premier luxury buildings. Schedule your private showing today!

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General Features

Property Type: Condo
Status: Active
Year Built: 2022
Property Condition: New Construction
New Construction: Yes
Number of Stories: 49
Garage Spaces: 0
Parking: Valet
Direction Faces: Southeast
Living Sq Ft: 560
Total Sq Ft: 560

Interior Features

Appliances: Dryer / Dishwasher / Electric Water Heater / Microwave / Refrigerator / Washer
Cooling: Electric
Heating: None
Flooring: Ceramic Tile
Interior Features: Bedroom On Main Level / Closet Cabinetry / Elevator / Kitchen Island / Bar
Laundry: Washer Hookup / Dryer Hookup
Furnished: Furnished

Exterior Features

Exterior Features: Balcony / Outdoor Living Area
Pool Features: Association
Patio & Porch: Open / Balcony
View: Bay

Community & HOA

HOA Fee: $1,756 / Quarterly
HOA Includes: Common Areas / Cable Tv / Internet / Maintenance Grounds / Maintenance Structure / Pools / Recreation Facilities
Association Amenities: Business Center / Fitness Center / Maintenance Grounds / Picnic Area / Pool / Parking
Security: Security System / Closed Circuit Cameras / Elevator Secured / Fire Alarm / Fire Sprinkler System / Secured Garage Parking / Key Card Entry / Lobby Secured / Phone Entry / Smoke Detectors / Security Guard
Utilities: Cable Available
Pets Allowed: Size Limit / Yes
Financing Terms: Cash / Conventional
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 Realty agent to schedule a private showing.

Homes for Sale: 10,934
Under Contract: 1,622
Median List Price: $639,900
Median Sale Price (August): $570,000
Median $/Sq Ft: $498
Avg Days on Market: 130

View all 10,934 homes for sale in Miami →

Frequently Asked Questions

How do I schedule a tour of 398 NE 5th Street 1615, Miami, FL 33132?: Use the Tour button on this listing to request a showing of 398 NE 5th Street 1615, Miami, FL 33132. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity Realty agent will confirm your visit, often the same day.
Is 398 NE 5th Street 1615, Miami, FL 33132 still available?: 398 NE 5th Street 1615, Miami, FL 33132 is currently listed as Active, and has been on the market 22 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 1615, Miami, FL 33132?: With 20% down ($158,000) on the $790,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 1615, Miami, FL 33132 is about $4,152/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 1615, 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 1615, Miami, FL 33132. Contact Pure Equity Realty and we'll connect you with a trusted local lender to review your financing options, no obligation.
Does 398 NE 5th Street 1615, Miami, FL 33132 have an HOA fee?: Yes: 398 NE 5th Street 1615, Miami, FL 33132 carries an HOA fee of about $1,756 quarterly. 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 1615, Miami, FL 33132?: 398 NE 5th Street 1615, 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 1615, Miami, FL 33132?: Often, yes. The right offer on 398 NE 5th Street 1615, 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 Realty will run the comps and help you craft a competitive, well-supported offer.

Listing courtesy of MRI Realty Group

Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity Realty. 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 August 1, 2026.

$790,000