$550,000
398 NE 5th Street 1815
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $550,000
- Price per sq ft
- $982
- Vs. nearby sales
- 8.4% below
- Days on market
- 2
This 1-bedroom condo in The Elser is listed at $550,000, or $982 per square foot. It has been on the market for 2 days. 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 is 8.4% below what comparable homes here actually sold for.
Estimated monthly payment
$2,890 /mo
Principal and interest only, based on $110,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $798/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $550,000
- Days on Site
- 2 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 #
- A12115063
- Property Tax
- $10,727 (2025)
- HOA Fees
- $798 / Monthly
- Subdivision
- THE ELSER
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
Experience luxury living at The Elser Hotel & Residences in the heart of Downtown Miami! This sleek and fully furnished turnkey 1-bed, 1-bath unit blends elevated residential comfort with full short-term rental flexibility, making it ideal for full-time living, a personal getaway or an income-generating investment. Inside you can enjoy soaring floor-to-ceiling glass windows showcasing the vibrant Downtown skyline and Biscayne Bay vistas. High ceilings, porcelain wood-grain tile flooring, a private covered balcony, and custom California-style closets enhance the bright layout. The modern kitchen features custom Italian cabinetry by Italkraft and quartz countertops. Complete with smart keyless entry and an in-unit washer/dryer. Enjoy resort-style amenities including a sky deck with a 132-ft pool, LED video wall, hot tub, two-story fitness center, outdoor yoga lawn, and a two-level co-working lab with private conference rooms. Prime location just steps from Kaseya Center, Bayside Marketplace, Bayfront Park, Miami Worldcenter, Brightline, and PortMiami. Priced to sell!
General Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2022
- Property Condition
- Resale
- Number of Stories
- 47
- Garage Spaces
- 1
- Living Sq Ft
- 560
- Total Sq Ft
- 560
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Microwave / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Ceramic Tile
- Interior Features
- Bedroom On Main Level
Exterior Features
- Construction
- CBS Concrete Block Structure / Block
- Exterior Features
- Balcony / Outdoor Living Area
- Pool Features
- Association
- Patio & Porch
- Open / Balcony
Community & HOA
- HOA Fee
- $798 / Monthly
- HOA Includes
- Common Areas / Cable Tv / Internet
- Association Amenities
- Fitness Center / Pool / Sauna / Spa Hot Tub / Elevators
- Security
- Key Card Entry / Security Guard
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Ok To Lease / Short Term Rentals Allowed
- MLS Area
- 2420
This home's HOA fee works out to $798 a month, in line with the $830 median across 12 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
- 10
- Under Contract
- 1
- Median List Price
- $814,950
- Median $/Sq Ft
- $1,368
- Avg Days on Market
- 240
Frequently Asked Questions
- How do I schedule a tour of 398 NE 5th Street 1815, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 398 NE 5th Street 1815, 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 1815, Miami, FL 33132 still available?
- 398 NE 5th Street 1815, Miami, FL 33132 is currently listed as Active, and has been on the market 2 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 1815, Miami, FL 33132?
- With 20% down ($110,000) on the $550,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 1815, Miami, FL 33132 is about $2,890/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 1815, 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 1815, 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 1815, Miami, FL 33132 have an HOA fee?
- Yes: 398 NE 5th Street 1815, Miami, FL 33132 carries an HOA fee of about $798 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 1815, Miami, FL 33132?
- 398 NE 5th Street 1815, 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 1815, Miami, FL 33132?
- Often, yes. The right offer on 398 NE 5th Street 1815, 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 Compass Florida, 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 November 14, 2026.
$550,000
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Listed by Jorge Lopez, Compass Florida, LLC
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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.
