$475,000
Sold · December 12, 2025
398 NE 5th Street 2506
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
- 2.9% under
- Days on market
- 88
- Price per sq ft
- $1,072
This 1-bedroom condo in The Elser sold for $475,000 on December 12, 2025. That was 2.9% below its final list price of $489,000. It first came on the market at $499,999, so the price was adjusted before it sold. It spent 88 days on the market. At $1,072 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 12, 2025
- Days on Site
- 88 Days
- Bedrooms
- 1
- Total Baths
- 1
- Full Baths
- 1
- Living Area
- 443 sqft
- Year Built
- 2022
- Property Type
- Condo
- MLS #
- A11869565
- Property Tax
- $10,731 (2024)
- HOA Fees
- $2,044 / Quarterly
- Subdivision
- The Elser
- Development
- The Elser
- County
- Miami Dade
- Status
- Sold
- Special Conditions
- Listed As Is
About This Property
Luxury 1BD/1BA at The Elser Hotel & Residences in Downtown Miami. Turnkey unit with modern finishes, floor-to-ceiling windows, balcony, fully equipped kitchen, and in-unit washer/dryer. Resort-style amenities include 132-ft rooftop pool, spa, two-story fitness center, sky lounge, co-working spaces, grilling terrace, and lobby bar. No rental restriction; ideal as a full-time residence, pied-à-terre, or income property. Prime location near Biscayne Bay, Bayside, Miami Beach, Wynwood, Arts District, museums, and parks.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 2022
- Number of Stories
- 49
- Garage Spaces
- 1
- Attached Garage
- Yes
- Parking
- Attached / Covered / Garage / Valet
- Living Sq Ft
- 443
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Microwave / Oven / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Vinyl
- Interior Features
- Bedroom On Main Level / Closet Cabinetry / Living Dining Room / Separate Shower / Bar
- Windows
- Blinds
- Furnished
- Furnished
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Outdoor Living Area
- Pool Features
- Association
- Patio & Porch
- Open / Balcony
- View
- Bay
Community & HOA
- HOA Fee
- $2,044 / Quarterly
- HOA Includes
- Common Areas
- Association Amenities
- Business Center / Elevators / Fitness Center / Maintenance Grounds / Pool / Sauna
- Security
- Security System / Smoke Detectors
- Pets Allowed
- Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- 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
- 255
Frequently Asked Questions
- How do I schedule a tour of 398 NE 5th Street 2506, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 398 NE 5th Street 2506, 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 2506, Miami, FL 33132 still available?
- 398 NE 5th Street 2506, Miami, FL 33132 is currently listed as Sold, and has been on the market 88 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 2506, Miami, FL 33132?
- With 20% down ($97,800) on the $489,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 2506, Miami, FL 33132 is about $2,570/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 2506, 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 2506, 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 2506, Miami, FL 33132 have an HOA fee?
- Yes: 398 NE 5th Street 2506, Miami, FL 33132 carries an HOA fee of about $2,044 quarterly. 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 2506, Miami, FL 33132?
- Often, yes. The right offer on 398 NE 5th Street 2506, 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 Fortune Christie's Intl R.E.
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 Elif Seda Demirtas, Fortune Christie's Intl R.E.
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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 15, 2025
398 NE 5th Street 2503
1 bed · 1 bath · 439 sqft · $1,082/sqft
$20,000 under the asking price
See every recorded sale in The Elser or find out what your The Elser home is worth.
