$420,000
Sold · May 7, 2026
398 NE 5th Street 2316
Explore the area: Miami homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $420,000
- Vs. list price
- 11.6% under
- Days on market
- 230
- Price per sq ft
- $1,160
This condo in The Elser sold for $420,000 on May 7, 2026. That was 11.6% below its final list price of $475,000. It spent 230 days on the market. At $1,160 per square foot, it closed 8.2% above the $1,072 median of the 5 other condo sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $420,000
- Sold On
- May 7, 2026
- Days on Site
- 230 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 #
- A11877428
- Property Tax
- $9,668 (2024)
- HOA Fees
- $2,100 / Quarterly
- Subdivision
- THE ELSER
- County
- Miami Dade
- Status
- Sold
- Special Conditions
- Listed As Is
About This Property
Fabulous Studio Hotel/Condo unit located in the heart of Downtown Miami. This unit features a full kitchen with all appliances, is completely furnished with modern furniture and flat screen TV. King size bed and pull out couch for extra room. Unbelievable East Miami Views of Miami Beach and Biscayne Bay. This Hotel Condo features a wrap around pool, two story gym, valet parking and so much more! Location offers easy access to Kaseya Center, Bayside Marketplace, All Major Roadways, Port of Miami, Public Parks and Public Transportation! Enjoy world-class amenities, stunning water vistas, and the flexibility of short or long-term rentals, an excellent investment opportunity with outstanding income potential. Don't miss it!
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 2022
- Number of Stories
- 40
- Garage Spaces
- 1
- Living Sq Ft
- 362
- Total Sq Ft
- 362
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Microwave / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Ceramic Tile
- Interior Features
- Bedroom On Main Level / Separate Shower / Bar
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Lighting / Outdoor Living Area / Other
- Pool Features
- Association
- Patio & Porch
- Open / Balcony
- View
- Bay
Community & HOA
- HOA Fee
- $2,100 / Quarterly
- HOA Includes
- Common Areas / Cable Tv / Hot Water / Maintenance Grounds / Maintenance Structure / Pools / Security
- Association Amenities
- Fitness Center / Maintenance Grounds / Pool / Sauna / Spa Hot Tub / Elevators
- Security
- Security System / Elevator Secured / Key Card Entry
- Pets Allowed
- Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Other Restrictions
- MLS Area
- 2420
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
- 9
- Under Contract
- 1
- Median List Price
- $850,000
- Median $/Sq Ft
- $1,575
- Avg Days on Market
- 244
Frequently Asked Questions
- How do I schedule a tour of 398 NE 5th Street 2316, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 398 NE 5th Street 2316, 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 2316, Miami, FL 33132 still available?
- 398 NE 5th Street 2316, Miami, FL 33132 is currently listed as Sold, and has been on the market 230 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 2316, Miami, FL 33132?
- With 20% down ($95,000) on the $475,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 2316, Miami, FL 33132 is about $2,496/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 2316, 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 2316, 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 2316, Miami, FL 33132 have an HOA fee?
- Yes: 398 NE 5th Street 2316, Miami, FL 33132 carries an HOA fee of about $2,100 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 2316, Miami, FL 33132?
- 398 NE 5th Street 2316, 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 2316, Miami, FL 33132?
- Often, yes. The right offer on 398 NE 5th Street 2316, 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 BHHS EWM Realty
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 August 30, 2026.
$420,000
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Listed by Maria A Ferrer, BHHS EWM Realty
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Recent Sales
Recently sold homes in The Elser
These are the last 5 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 March 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$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.
