$489,000
398 NE 5th Street 1902
The Elser Hotel Miami
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $489,000
- Price per sq ft
- $1,137
- Original price
- $495,000
- Days on market
- 14
This condo in ZIP 33132 is listed at $489,000, or $1,137 per square foot. The asking price has come down 1.2% from its original $495,000. It has been on the market for 14 days.
Estimated monthly payment
$2,570 /mo
Principal and interest only, based on $97,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $489,000
- Days on Site
- 14 Days
- Bedrooms
- 0
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 430 sqft
- Total Sq Ft
- 430 sqft
- Year Built
- 2022
- Property Type
- Condo
- MLS #
- A12086164
- HOA Fees
- $2,006 / Quarterly
- Subdivision
- The Elser Hotel Miami
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
PRICED TO SELL — AND PRICED AGAINST CLOSED SALES, NOT ASKING PRICES. Residence 1902 at The Elser: a north-facing studio on the 19th floor, fully furnished and turnkey, furniture package conveys. 9'2" ceilings and floor-to-ceiling glass frame the Downtown skyline north toward Edgewater. Italkraft cabinetry, quartz countertops, stainless steel appliances, in-unit full-size washer/dryer, keyless entry and Ecobee smart thermostat. Daily short-term rentals or annual leases both permitted — and twelve months of operator statements are available to qualified buyers, so this residence is underwritten on documented revenue, occupancy and ADR rather than projections. Building amenities: 132-foot bayfront pool deck, two-story fitness center, two-level co-working Lab with reservable conference rooms, lobby bar and restaurant called ViseVersa, concierge and valet. HOA includes Wi-Fi and cable. Two blocks to Miami Worldcenter; walk to Kaseya Center, Brightline, Bayside and the Port of Miami.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2022
- Property Condition
- Resale
- Number of Stories
- 49
- Garage Spaces
- 1
- Living Sq Ft
- 430
- Total Sq Ft
- 430
Interior Features
- Appliances
- Dryer / Dishwasher / Microwave / Oven / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- None
- Flooring
- Other
- Interior Features
- Living Dining Room / Main Level Primary
Exterior Features
- Construction
- Block
- Pool Features
- Association
- Waterfront
- Yes
- Waterfront Features
- Bayfront / None
- View
- Bay / Other
Community & HOA
- HOA Fee
- $2,006 / Quarterly
- Association Amenities
- Elevators / Fitness Center / Maintenance Grounds / Other / Pool / Sauna / Spa Hot Tub
- Security
- Security System / 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
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
- 11,954
- Median List Price
- $639,000
- Median $/Sq Ft
- $497
- Avg Days on Market
- 139
Frequently Asked Questions
- How do I schedule a tour of 398 NE 5th Street 1902, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 398 NE 5th Street 1902, 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 1902, Miami, FL 33132 still available?
- 398 NE 5th Street 1902, Miami, FL 33132 is currently listed as Active, and has been on the market 14 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 1902, Miami, FL 33132?
- With 20% down ($97,800) on the $489,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 1902, Miami, FL 33132 is about $2,570/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 1902, 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 1902, 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 1902, Miami, FL 33132 have an HOA fee?
- Yes: 398 NE 5th Street 1902, Miami, FL 33132 carries an HOA fee of about $2,006 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 1902, Miami, FL 33132?
- 398 NE 5th Street 1902, 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 1902, Miami, FL 33132?
- Often, yes. The right offer on 398 NE 5th Street 1902, 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 Pink Miami Real Estate
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 September 12, 2026.
$489,000
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Listed by Zachary A Freedman, Pink Miami Real Estate
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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 $544 per square foot. The most recent closed on October 2, 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$2,200,000
Sold · October 2, 2026
488 NE 18th Street 3715
3 bed · 4 bath · 2,018 sqft · $1,090/sqft
$75,000 under the asking price
Sold$700,000
Sold · September 30, 2026
888 Biscayne Boulevard 2701
2 bed · 2 bath · 1,315 sqft · $532/sqft
$20,000 under the asking price
Sold$350,000
Sold · September 30, 2026
1750 N Bayshore Drive 4912
1 bed · 1 bath · 791 sqft · $442/sqft
$33,000 under the asking price
Sold$2,025,000
Sold · September 30, 2026
488 NE 18th Street 715
3 bed · 4 bath · 2,018 sqft · $1,003/sqft
$74,000 under the asking price
Sold$270,000
Sold · September 30, 2026
234 NE 3rd Street 909
1 bed · 1 bath · 625 sqft · $432/sqft
$19,000 under the asking price
Sold$415,000
Sold · September 30, 2026
1900 N Bayshore Drive 504
1 bed · 1 bath · 763 sqft · $544/sqft
$10,000 under the asking price
See every recorded sale in ZIP 33132 or find out what your ZIP 33132 home is worth.
