How do I schedule a tour of 398 NE 5th Street 2418, Miami, FL 33132?

Use the Tour button on this listing to request a showing of 398 NE 5th Street 2418, 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 2418, Miami, FL 33132 still available?

398 NE 5th Street 2418, Miami, FL 33132 is currently listed as Active, and has been on the market 219 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 2418, Miami, FL 33132?

With 20% down ($320,000) on the $1,600,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 2418, Miami, FL 33132 is about $8,409/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 2418, 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 2418, 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 2418, Miami, FL 33132 have an HOA fee?

Yes: 398 NE 5th Street 2418, Miami, FL 33132 carries an HOA fee of about $1,307 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 2418, Miami, FL 33132?

398 NE 5th Street 2418, 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 2418, Miami, FL 33132?

Often, yes. The right offer on 398 NE 5th Street 2418, 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.

Active

219 Days on Market

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$1,600,000

398 NE 5th Street 2418

Miami, FL 33132

MAP OF MIAMI DADE CO. FL.

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

Price Check

How this price compares

List price: $1,600,000
Price per sq ft: $1,410
Vs. nearby sales: 179.8% above
Days on market: 219

This 3-bedroom condo in ZIP 33132 is listed at $1,600,000, or $1,410 per square foot. It has been on the market for 219 days. The 6 most recent condo sales in the closings shown below sold at a median of $504 per square foot, so the asking price is 179.8% above what comparable homes here actually sold for.

Bedrooms

Bathrooms

1,135

Living Sq Ft

2022

Year Built

Estimated monthly payment

$8,409 /mo

Principal and interest only, based on $320,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $1,307/mo HOA are not included.

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Listing Snapshot

Price: $1,600,000
Days on Site: 219 Days
Bedrooms: 3
Total Baths: 3
Full Baths: 3
Partial Baths: 0
Living Area: 1,135 sqft
Total Sq Ft: 1,135 sqft
Year Built: 2022
Property Type: Condo
MLS #: A11972846
Property Tax: $22,186 (2025)
HOA Fees: $1,307 / Monthly
Subdivision: MAP OF MIAMI DADE CO. FL.
County: Miami Dade
Status: Active
Special Conditions: Listed As Is

About This Property

Attention Investors: Short-Term Rental Approved Residence at The ElserExceptional opportunity to own a fully furnished 3-bedroom, 3-bath residence at The Elser Hotel & Residences in Downtown Miami, one of the city’s most sought-after short-term rental approved buildings. Ideal for buyers seeking a Miami investment property or luxury second home with income potential.This beautifully designed residence features an open-concept layout, floor-to-ceiling windows, and a private balcony with views of Biscayne Bay and the Miami skyline. Contemporary finishes include a modern kitchen with stainless steel appliances, custom cabinetry, and elegant bathrooms with frameless glass showers.Delivered fully furnished and turnkey, the residence is ready for immediate personal use or rental income. The spacious 3-bedroom layout is especially attractive for short-term rentals and group travel, maximizing occupancy and rental potential.Residents enjoy resort-style amenities including a rooftop pool, fitness center, spa, sauna, concierge services, and lounge areas.Located steps from Bayfront Park, the waterfront, dining, entertainment, and major attractions, this property benefits from strong year-round tourism demand.With daily rentals permitted according to condominium regulations, owners can maximize income. Miami will host seven FIFA World Cup matches in 2026, driving some of the highest short-term rental demand in the city.

MLS media link

General Features

Property Type: Condo
Status: Active
Year Built: 2022
Property Condition: Resale
Number of Stories: 49
Garage Spaces: 0
Living Sq Ft: 1,135
Total Sq Ft: 1,135

Interior Features

Appliances: Dryer / Dishwasher / Electric Range / Electric Water Heater / Disposal / Microwave / Refrigerator / Washer
Cooling: Central Air
Heating: Central
Flooring: Tile
Interior Features: Closet Cabinetry / Elevator / Other / Bar
Windows: Skylights

Exterior Features

Construction: Brick Veneer / Block
Exterior Features: Balcony / Lighting / Outdoor Living Area / Other
Architectural Style: Other
Pool Features: Association
Patio & Porch: Open / Balcony
View: Ocean / Other

Community & HOA

HOA Fee: $1,307 / Monthly
HOA Includes: Common Areas / Cable Tv / Insurance / Maintenance Structure / Pools / Recreation Facilities / Sewer / Trash / Water
Association Amenities: Beach Rights / Fitness Center / Maintenance Grounds / Pool / Parking / Sauna / Spa Hot Tub / Elevators
Security: None / Smoke Detectors
Pets Allowed: No
Financing Terms: Cash / Conventional / FHA / Va Loan
Restrictions: Other Restrictions / 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

Miami

View Miami Real Estate →

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: 9,370
Under Contract: 1,779
Median List Price: $645,000
Median Sale Price (September): $592,500
Median $/Sq Ft: $509
Avg Days on Market: 144

View all 9,370 homes for sale in Miami →

Frequently Asked Questions

How do I schedule a tour of 398 NE 5th Street 2418, Miami, FL 33132?: Use the Tour button on this listing to request a showing of 398 NE 5th Street 2418, 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 2418, Miami, FL 33132 still available?: 398 NE 5th Street 2418, Miami, FL 33132 is currently listed as Active, and has been on the market 219 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 2418, Miami, FL 33132?: With 20% down ($320,000) on the $1,600,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 2418, Miami, FL 33132 is about $8,409/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 2418, 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 2418, 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 2418, Miami, FL 33132 have an HOA fee?: Yes: 398 NE 5th Street 2418, Miami, FL 33132 carries an HOA fee of about $1,307 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 2418, Miami, FL 33132?: 398 NE 5th Street 2418, 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 2418, Miami, FL 33132?: Often, yes. The right offer on 398 NE 5th Street 2418, 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 EXP Realty 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 June 23, 2026.

$1,600,000

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Listed by Ana Maria Osorio De Vega, EXP Realty LLC

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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 $517 per square foot. The most recent closed on October 15, 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.