$620,000
Sold · November 24, 2025
398 NE 5th Street 2815
ELSER HOTEL & RESIDENCES -
Explore the area: Miami homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $620,000
- Vs. list price
- 5.9% under
- Days on market
- 388
- Price per sq ft
- $1,107
This 1-bedroom condo in ZIP 33132 sold for $620,000 on November 24, 2025. That was 5.9% below its final list price of $659,000. It first came on the market at $890,000, so the price was adjusted before it sold. It spent 388 days on the market. At $1,107 per square foot, it closed 119.6% above the $504 median of the 6 other condo sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $620,000
- Sold On
- November 24, 2025
- Days on Site
- 388 Days
- Bedrooms
- 1
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 560 sqft
- Year Built
- 2022
- Property Type
- Condo
- MLS #
- A11509267
- Property Tax
- $13,040 (2024)
- HOA Fees
- $862 / Monthly
- Subdivision
- ELSER HOTEL & RESIDENCES -
- Development
- THE ELSER
- County
- Miami Dade
- Status
- Sold
- Special Conditions
- Short Sale
About This Property
Enjoy a modern vacation home for Miami getaways & investment opportunity for condo-hotel/short-term rental income w/all yr.round city visitors!Global connectivity w/ Intl.Miami Airport|Port of Miami|high-speed Train.World class Arts|Fashion|Sports events,many conferences & cruises yr.long!Relax in urban luxury w/ unique features: panoramic Biscayne Bay/Downtown views through floor-to-ceiling windows.Beautiful furnished 1bed unit sleeps 4|full kitchen|porcelain wood floors|smart bldg.technology.Exclusive oversized pool|Jacuzzi|bar|restaurant|gym 2 levels|24/7concierge|SouthBeach private beach club!Central location w/ plenty of dining|shopping|entertainment MiamiWorldCenter|Concert/Basketball/Opera&Ballet arenas|Museums|BaysidePark|Marina|free MetroMover.Right between Brickell & Wynwood >>> short-term daily rentals are avail. only through the Elser hotel program or approved third party short-term rental operators: Your Home Hospitality - www.yourhomehospitality.com | Miami Vacation Rentals - www.miamivacationrentals.com / condo long term rentals are min. 6 months max. 12 months 2x/yr.! >>> maintenance/HOA fee paid quarterly and just got increased to $2,583.60/Q.>>> An FGBC - Florida Green Building Coalition property as per developer! >>> 1x car complementary valet parking for unit owners & long-term tenants only / $50 valet for hotel rental program guests. >>> Virtual tour 360: https://m.vrtourhosts.com/tour/65366?nobrand --------- PROPERTY SHOWING SUGGESTIONS - THE SAFETY AND HEALTH OF YOU, THE PROPERTY OWNER AND RESIDENTS IS OUR PRIORITY! We ask that you consider the following - Do NOT enter if you do not feel well. - Wear a protective face mask. - Sanitize your hands before entering. - Practice social distancing by keeping at least 6 feet between yourself and others. - Do not gather in groups. - Avoid touching surfaces whenever possible. - When the showing is over, please discard any disposable gloves and masks in a trash receptacle. - Follow all directions of the showing agent. THANK YOU!
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 2022
- Property Condition
- New Construction
- New Construction
- Yes
- Number of Stories
- 47
- Garage Spaces
- 1
- Attached Garage
- Yes
- Parking
- Attached / Covered / Electric Vehicle Charging Stations / Garage / Valet
- Living Sq Ft
- 560
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Disposal / Ice Maker / Microwave / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Tile
- Interior Features
- Closet Cabinetry / Living Dining Room / Custom Mirrors / Separate Shower
- Windows
- Blinds
- Furnished
- Furnished
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Lighting / Outdoor Living Area
- Pool Features
- Association / Heated
- Patio & Porch
- Open / Balcony
- Waterfront
- Yes
- Waterfront Features
- Bayfront / Other
- View
- Bay / City
Community & HOA
- HOA Fee
- $862 / Monthly
- HOA Includes
- Common Areas / Cable Tv / Insurance / Internet / Pools / Recreation Facilities / Sewer / Security / Trash / Water
- Association Amenities
- Fitness Center / Maintenance Grounds / Management / Pool / Parking / Spa Hot Tub / Trash / Elevators
- Security
- Elevator Secured / Fire Sprinkler System / Lobby Secured / Smoke Detectors / Security Guard
- Utilities
- Cable Available
- Pets Allowed
- Size Limit / Yes
- Financing Terms
- Cash / Conventional / Other
- MLS Area
- 2410
About the Area
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
Frequently Asked Questions
- How do I schedule a tour of 398 NE 5th Street 2815, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 398 NE 5th Street 2815, 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 2815, Miami, FL 33132 still available?
- 398 NE 5th Street 2815, Miami, FL 33132 is currently listed as Sold, and has been on the market 388 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 2815, Miami, FL 33132?
- With 20% down ($131,800) on the $659,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 2815, Miami, FL 33132 is about $3,463/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 2815, 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 2815, 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 2815, Miami, FL 33132 have an HOA fee?
- Yes: 398 NE 5th Street 2815, Miami, FL 33132 carries an HOA fee of about $862 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 2815, Miami, FL 33132?
- Often, yes. The right offer on 398 NE 5th Street 2815, 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 Sterling Equity 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 July 1, 2026.
$620,000
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Listed by Adanna E Becker, Sterling Equity Realty LLC
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Recent Sales
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.
Sold$230,000
Sold · October 15, 2026
1750 N Bayshore Drive 1407
0 bed · 1 bath · 508 sqft · $453/sqft
$25,000 under the asking price
Sold$450,000
Sold · October 14, 2026
1800 N Bayshore Drive 306
1 bed · 2 bath · 870 sqft · $517/sqft
$25,000 under the asking price
Sold$420,000
Sold · October 14, 2026
1600 NE 1st Avenue 1014
1 bed · 1.5 bath · 857 sqft · $490/sqft
$3,000 under the asking price
Sold$730,000
Sold · October 9, 2026
1900 N Bayshore Drive 3202
2 bed · 2.5 bath · 1,400 sqft · $521/sqft
$25,000 under the asking price
Sold$399,000
Sold · October 9, 2026
20 NE 11th Street 4803A
0 bed · 1 bath · 275 sqft · $1,451/sqft
Sold$370,000
Sold · October 9, 2026
244 Biscayne Boulevard 2604
1 bed · 1 bath · 806 sqft · $459/sqft
$19,000 under the asking price
See every recorded sale in ZIP 33132 or find out what your ZIP 33132 home is worth.
