$365,000
Sold · January 27, 2026
398 NE 5th 2016
The Elser Hotel
Explore the area: Miami homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $365,000
- Vs. list price
- 8.5% under
- Days on market
- 75
- Price per sq ft
- $1,008
This condo in ZIP 33132 sold for $365,000 on January 27, 2026. That was 8.5% below its final list price of $399,000. It first came on the market at $440,000, so the price was adjusted before it sold. It spent 75 days on the market. At $1,008 per square foot, it closed 91.3% above the $527 median of the 6 other condo sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $365,000
- Sold On
- January 27, 2026
- Days on Site
- 75 Days
- Bedrooms
- 0
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 362 sqft
- Total Sq Ft
- 362 sqft
- Year Built
- 2022
- Property Type
- Condo
- MLS #
- A11892628
- Property Tax
- $9,440 (2023)
- HOA Fees
- $474 / Monthly
- Subdivision
- The Elser Hotel
- County
- Miami Dade
- Status
- Sold
- Special Conditions
- Listed As Is
About This Property
Experience the vibrant energy of downtown Miami in this fully furnished studio at The Elser Hotel and Residences. With modern design and floor-to-ceiling windows showcasing breathtaking views of Biscayne Bay, this unit offers a king-size bed, sofa bed, full kitchen, washer-dryer, and keyless entry for maximum convenience. Residents enjoy access to exceptional amenities, including a wraparound pool with a bar and restaurant, a two-story fitness center, and a jacuzzi. Located just steps away from iconic destinations like the Kaseya Center, Bayside Marketplace, Miami Worldcenter, and Brickell City Center, this studio is not only a luxurious home but also a prime investment opportunity for short-term rentals. CHECK VIRTUAL TOUR
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 2022
- Number of Stories
- 49
- Garage Spaces
- 0
- Parking
- Valet
- Living Sq Ft
- 362
- Total Sq Ft
- 362
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Disposal / Microwave / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Ceramic Tile
- Interior Features
- Closet Cabinetry / Bar
- Laundry
- Washer Hookup / Dryer Hookup
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Outdoor Living Area
- Pool Features
- Association / Heated
- Patio & Porch
- Open / Balcony
- Waterfront
- Yes
- Waterfront Features
- Bayfront / None
- View
- Bay / Ocean / Water
Community & HOA
- HOA Fee
- $474 / Monthly
- HOA Includes
- Cable Tv / Internet / Water
- Association Amenities
- Clubhouse / Elevators / Fitness Center / Maintenance Grounds / Picnic Area / Playground / Pool / Sauna / Trash
- Security
- Security System / Elevator Secured / Lobby Secured / Smoke Detectors
- Pets Allowed
- Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional / FHA
- Restrictions
- No Rv / See Remarks
- MLS Area
- 2410
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
- 9,439
- Under Contract
- 1,779
- Median List Price
- $645,000
- Median Sale Price (September)
- $592,500
- Median $/Sq Ft
- $508
- Avg Days on Market
- 143
Frequently Asked Questions
- How do I schedule a tour of 398 NE 5th 2016, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 398 NE 5th 2016, 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 2016, Miami, FL 33132 still available?
- 398 NE 5th 2016, Miami, FL 33132 is currently listed as Sold, and has been on the market 75 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 2016, Miami, FL 33132?
- With 20% down ($79,800) on the $399,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th 2016, Miami, FL 33132 is about $2,097/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 2016, 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 2016, 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 2016, Miami, FL 33132 have an HOA fee?
- Yes: 398 NE 5th 2016, Miami, FL 33132 carries an HOA fee of about $474 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- Can I negotiate the price of 398 NE 5th 2016, Miami, FL 33132?
- Often, yes. The right offer on 398 NE 5th 2016, 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 Novel Management, 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 July 1, 2026.
$365,000
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Listed by Federico Guillermo Nunez, Novel Management, LLC.
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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 $532 per square foot. The most recent closed on October 9, 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$730,000
Sold · October 9, 2026
1900 N Bayshore Drive 3202
2 bed · 2.5 bath · 1,400 sqft · $521/sqft
$25,000 under the asking price
Sold$370,000
Sold · October 9, 2026
244 Biscayne Boulevard 2604
1 bed · 1 bath · 806 sqft · $459/sqft
$19,000 under the asking price
Sold$306,000
Sold · October 8, 2026
1750 N Bayshore Drive 3310
1 bed · 1 bath · 821 sqft · $373/sqft
$23,000 under the asking price
Sold$860,000
Sold · October 6, 2026
488 NE 18th Street 4009
2 bed · 3 bath · 1,257 sqft · $684/sqft
$39,999 under the asking price
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
See every recorded sale in ZIP 33132 or find out what your ZIP 33132 home is worth.
