$475,000
Sold · December 15, 2025
398 NE 5th Street 2503
Explore the area: Miami homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $475,000
- Vs. list price
- 4% under
- Days on market
- 138
- Price per sq ft
- $1,082
This 1-bedroom condo in The Elser sold for $475,000 on December 15, 2025. That was 4% below its final list price of $495,000. It first came on the market at $589,000, so the price was adjusted before it sold. It spent 138 days on the market. At $1,082 per square foot, it closed in line with the $1,072 median of the 5 other condo sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $475,000
- Sold On
- December 15, 2025
- Days on Site
- 138 Days
- Bedrooms
- 1
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 439 sqft
- Total Sq Ft
- 439 sqft
- Year Built
- 2022
- Property Type
- Condo
- MLS #
- R11094556
- Property Tax
- $11,179 (2024)
- HOA Fees
- $455 / Monthly
- Subdivision
- THE ELSER
- County
- Miami Dade
- Status
- Sold
About This Property
Enjoy the best of both worlds—own your Miami pied-à-terre and generate income through the on-site hotel rental program whenever you're away! Experience the perfect blend of luxury and investment at The Elser Hotel & Residences in Downtown Miami! This fully furnished studio offers modern décor, a king-size bed, pull-out couch, and a sleek kitchen with high-end appliances. Enjoy stunning views of Biscayne Bay and Miami Beach. Approved for short-term rentals (Airbnb/VRBO), it's ideal for INVESTORS and VACATIONERS alike. Amenities include a wrap-around pool, 2-story gym, rooftop lounge, valet, and concierge. Steps from Bayside, Kaseya Center, Port of Miami, and more. Own a turn-key gem in the heart of Miami's most vibrant neighborhood!
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 2022
- Property Condition
- Resale
- Number of Stories
- 49
- Garage Spaces
- 1
- Parking
- Assigned / Covered / Garage
- Direction Faces
- East
- Living Sq Ft
- 439
- Total Sq Ft
- 439
- Water Source
- Well
- Zoning
- 6401
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Disposal / Microwave / Washer
- Cooling
- Central Air / Electric
- Heating
- Central / Electric
- Interior Features
- Closet Cabinetry / None
- Main Level Bedrooms
- 1
- Main Level Baths
- 1
- Furnished
- Furnished
Exterior Features
- Construction
- Block / Concrete
- Exterior Features
- Balcony / Outdoor Living Area
- Pool Features
- Association
- Patio & Porch
- Open / Balcony
- Waterfront
- Yes
- Waterfront Features
- Bayfront
- View
- Bay
Community & HOA
- HOA Fee
- $455 / Monthly
- HOA Includes
- Common Areas / Cable Tv / Hot Water / Maintenance Grounds / Security / Trash / Water
- Association Amenities
- Business Center / Fitness Center / Pool / Parking / Trash / Elevators
- Community Features
- Gated
- Security
- Security System / Fire Alarm / Gated Community / Lobby Secured / Smoke Detectors
- Utilities
- Cable Available / Water Available
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Other Restrictions / Rental Restriction
- MLS Area
- 2410
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 2503, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 398 NE 5th Street 2503, 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 2503, Miami, FL 33132 still available?
- 398 NE 5th Street 2503, Miami, FL 33132 is currently listed as Sold, and has been on the market 138 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 2503, Miami, FL 33132?
- With 20% down ($99,000) on the $495,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 2503, Miami, FL 33132 is about $2,601/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 2503, 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 2503, 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 2503, Miami, FL 33132 have an HOA fee?
- Yes: 398 NE 5th Street 2503, Miami, FL 33132 carries an HOA fee of about $455 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 Street 2503, Miami, FL 33132?
- Often, yes. The right offer on 398 NE 5th Street 2503, 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 Heartland Realty Group 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.
$475,000
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Listed by Gulay Ozer, Heartland Realty Group LLC
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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 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 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.
