How do I schedule a tour of 398 NE 5th Street 1809, Miami, FL 33132?

Use the Tour button on this listing to request a showing of 398 NE 5th Street 1809, 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 1809, Miami, FL 33132 still available?

398 NE 5th Street 1809, Miami, FL 33132 is currently listed as Under Contract, and has been on the market 13 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 1809, Miami, FL 33132?

With 20% down ($219,800) on the $1,099,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 1809, Miami, FL 33132 is about $5,776/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 1809, 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 1809, 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 1809, Miami, FL 33132 have an HOA fee?

Yes: 398 NE 5th Street 1809, Miami, FL 33132 carries an HOA fee of about $1,501 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 1809, Miami, FL 33132?

398 NE 5th Street 1809, 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 1809, Miami, FL 33132?

Often, yes. The right offer on 398 NE 5th Street 1809, 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.

Under Contract

13 Days on Market

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All Listings

$1,099,000

398 NE 5th Street 1809

Miami, FL 33132

The Elser

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

Price Check

How this price compares

Asking price: $1,099,000
Price per sq ft: $1,126
Vs. nearby sales: 5% above
Days on market: 13

This 3-bedroom condo in The Elser went under contract with an asking price of $1,099,000, or $1,126 per square foot. It spent 13 days on the market before going under contract. The 6 most recent condo sales in the closings shown below sold at a median of $1,072 per square foot, so the asking price was 5% above what comparable homes here actually sold for.

Bedrooms

Bathrooms

976

Living Sq Ft

2022

Year Built

Estimated monthly payment

$5,776 /mo

Principal and interest only, based on $219,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $1,501/mo HOA are not included.

Customize this estimate

Listing Snapshot

Price: $1,099,000
Days on Site: 13 Days
Bedrooms: 3
Total Baths: 3
Full Baths: 3
Partial Baths: 0
Living Area: 976 sqft
Total Sq Ft: 976 sqft
Year Built: 2022
Property Type: Condo
MLS #: A12004294
Property Tax: $26,452 (2025)
HOA Fees: $1,501 / Monthly
Subdivision: The Elser
County: Miami Dade
Status: Under Contract
Special Conditions: Short Sale / Listed As Is

About This Property

INVESTOR OPPORTUNITY: Priced nearly 40% below the last sale! Fully furnished 3BD/3BA at The Elser Hotel & Residences with NO RENTAL RESTRICTIONS: Airbnb, short-term, and daily rentals all permitted. Enjoy stunning Downtown views from the wraparound balcony. Features 9+ ft ceilings, porcelain wood-style tile, sleek kitchen w/ Italkraft cabinetry, quartz counters, & stainless steel appliances. Exceptional amenities: cocktail bar by Jaguar Sun, Café Domino coffee lounge, 132-ft pool w/ private cabanas, outdoor theater lawn, LED movie wall, two-story wellness center w/ yoga deck + spa, co-working spaces, & sky lounge. Prime location steps from Bayfront Park, world-class dining, museums, Kaseya Center, Wynwood, & more. Schedule your tour today!

Virtual Tour

General Features

Property Type: Condo
Status: Under Contract
Year Built: 2022
Number of Stories: 47
Garage Spaces: 1
Parking: Valet
Living Sq Ft: 976
Total Sq Ft: 976

Interior Features

Appliances: Dryer / Dishwasher / Electric Range / Microwave / Oven / Refrigerator / Washer
Cooling: Central Air / Electric
Heating: Central / Electric
Flooring: Tile / Wood
Interior Features: Breakfast Bar / Bedroom On Main Level / Closet Cabinetry / Entrance Foyer / Eat In Kitchen / Family Dining Room / Other / Separate Shower / Walk In Closets / Bar
Windows: Blinds

Exterior Features

Construction: Block
Exterior Features: Balcony / Outdoor Living Area
Pool Features: Association
Patio & Porch: Open / Balcony
Waterfront: Yes
Waterfront Features: Bayfront / Other
View: Bay / City / Intercoastal / Ocean / Water

Community & HOA

HOA Fee: $1,501 / Monthly
HOA Includes: Common Areas / Maintenance Grounds / Maintenance Structure / Pools / Sewer / Security / Trash / Water
Association Amenities: Billiard Room / Business Center / Fitness Center / Maintenance Grounds / Management / Other / Picnic Area / Pool / Parking / Sauna / Spa Hot Tub
Security: Security System / Elevator Secured / Fire Sprinkler System / Secured Garage Parking / Key Card Entry / Smoke Detectors
Pets Allowed: Pet Restrictions / Yes
Financing Terms: Cash / Conventional
Restrictions: Other Restrictions / Ok To Lease / Short Term Rentals Allowed
MLS Area: 2420

This home's HOA fee works out to $1,501 a month, 101% above 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

View Community Details →

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: $1,486
Avg Days on Market: 244

View all 9 homes for sale in The Elser →

Frequently Asked Questions

How do I schedule a tour of 398 NE 5th Street 1809, Miami, FL 33132?: Use the Tour button on this listing to request a showing of 398 NE 5th Street 1809, 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 1809, Miami, FL 33132 still available?: 398 NE 5th Street 1809, Miami, FL 33132 is currently listed as Under Contract, and has been on the market 13 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 1809, Miami, FL 33132?: With 20% down ($219,800) on the $1,099,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 1809, Miami, FL 33132 is about $5,776/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 1809, 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 1809, 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 1809, Miami, FL 33132 have an HOA fee?: Yes: 398 NE 5th Street 1809, Miami, FL 33132 carries an HOA fee of about $1,501 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 1809, Miami, FL 33132?: 398 NE 5th Street 1809, 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 1809, Miami, FL 33132?: Often, yes. The right offer on 398 NE 5th Street 1809, 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 Blackbook Properties

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.

$1,099,000

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Listed by Sepehr Niakan, Blackbook Properties

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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.