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 Realty 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 Realty 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 Realty will run the comps and help you craft a competitive, well-supported offer.

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Sold

138 Days on Market

All Listings

$495,000

398 NE 5th Street 2503

Miami, FL 33132

THE ELSER

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

Bedrooms

Bathrooms

439

Living Sq Ft

2022

Year Built

Estimated monthly payment

$2,601 /mo

Principal and interest only, based on $99,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $455/mo HOA are not included.

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Listing Snapshot

Price: $495,000
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!

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General 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

View Community Details →

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 Realty lists homes in The Elser for 1% commission and represents buyers at no cost.

Homes for Sale: 9
Under Contract: 1
Median List Price: $850,000
Median $/Sq Ft: $1,486
Avg Days on Market: 208

View all 9 homes for sale in The Elser →

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 Realty 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 Realty 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 Realty 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 Realty. 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.

$495,000