$450,000
Sold · January 21, 2026
398 NE 5th Street 3406
Explore the area: Miami homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $450,000
- Vs. list price
- 9.8% under
- Days on market
- 47
- Price per sq ft
- $1,016
This 1-bedroom condo in The Elser sold for $450,000 on January 21, 2026. That was 9.8% below its final list price of $499,000. It spent 47 days on the market. At $1,016 per square foot, it closed 5.2% below the $1,072 median of the 5 other condo sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $450,000
- Sold On
- January 21, 2026
- Days on Site
- 47 Days
- Bedrooms
- 1
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 443 sqft
- Total Sq Ft
- 443 sqft
- Year Built
- 2022
- Property Type
- Condo
- MLS #
- A11918517
- Property Tax
- $11,098 (2024)
- HOA Fees
- $505 / Monthly
- Subdivision
- THE ELSER
- County
- Miami Dade
- Status
- Sold
- Special Conditions
- Listed As Is
About This Property
STUNNING NEW BUILDING WITH UNOBSTRUCTED DIRECT BAYVIEWS Furnished, 9-ft ceiling with floor-to-ceiling windows, balcony with dazzling views, porcelain tiles, washer/dryer custom Italian kitchen. smart keyless entry, smart thermostat, glass-enclosed showers, matte black kitchen, and fully built-out California-style closets. amenities, including a lobby with cocktail bar and restaurant over 19,000 square foot double-height amenity deck overlooking Downtown Miami and Biscayne Bay, curated art and green walls throughout all common areas, 132-foot resort-style pool with private lounge areas, 16-foot-long poolside screening LED wall, sky entertainment lounge and grilling terrace featuring eight grills, two-level co-working Lab featuring 11 reservable conference rooms, and a coffee lounge
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 2022
- Property Condition
- Resale
- Number of Stories
- 41
- Garage Spaces
- 1
- Attached Garage
- Yes
- Parking
- Attached / Garage / Valet
- Living Sq Ft
- 443
- Total Sq Ft
- 443
Interior Features
- Appliances
- Microwave / Refrigerator
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Ceramic Tile
- Interior Features
- Bedroom On Main Level / Closet Cabinetry / Elevator / Bar
- Furnished
- Furnished
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Outdoor Living Area
- Patio & Porch
- Open / Balcony
- Waterfront
- Yes
- Waterfront Features
- Bayfront / None
- View
- Bay
Community & HOA
- HOA Fee
- $505 / Monthly
- HOA Includes
- Hvac
- Association Amenities
- Business Center / Fitness Center
- Security
- Lobby Secured
- Pets Allowed
- Pet Restrictions / Yes
- 55+ Community
- 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
- 244
Frequently Asked Questions
- How do I schedule a tour of 398 NE 5th Street 3406, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 398 NE 5th Street 3406, 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 3406, Miami, FL 33132 still available?
- 398 NE 5th Street 3406, Miami, FL 33132 is currently listed as Sold, and has been on the market 47 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 3406, Miami, FL 33132?
- With 20% down ($99,800) on the $499,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 3406, Miami, FL 33132 is about $2,622/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 3406, 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 3406, 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 3406, Miami, FL 33132 have an HOA fee?
- Yes: 398 NE 5th Street 3406, Miami, FL 33132 carries an HOA fee of about $505 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 3406, Miami, FL 33132?
- Often, yes. The right offer on 398 NE 5th Street 3406, 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 Sunstone Brokers
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.
$450,000
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Listed by Pierre L Elmaleh, Sunstone Brokers
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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$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
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.
