How do I schedule a tour of 398 NE 5th Street 3509, Miami, FL 33132?

Use the Tour button on this listing to request a showing of 398 NE 5th Street 3509, 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 3509, Miami, FL 33132 still available?

398 NE 5th Street 3509, Miami, FL 33132 is currently listed as Active, and has been on the market 9 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 3509, Miami, FL 33132?

With 20% down ($340,000) on the $1,700,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 3509, Miami, FL 33132 is about $8,934/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 3509, 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 3509, 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 3509, Miami, FL 33132 have an HOA fee?

Yes: 398 NE 5th Street 3509, Miami, FL 33132 carries an HOA fee of about $1,511 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.

What schools serve 398 NE 5th Street 3509, Miami, FL 33132?

398 NE 5th Street 3509, Miami, FL 33132 is zoned for Frederick Douglass (elementary), Jose De Diego (middle), Booker T. Washington (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.

Can I negotiate the price of 398 NE 5th Street 3509, Miami, FL 33132?

Often, yes. The right offer on 398 NE 5th Street 3509, 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.

Active

9 Days on Market

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$1,700,000

398 NE 5th Street 3509

Miami, FL 33132

MAP OF MIAMI DADE CO. FL.

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

Price Check

How this price compares

List price: $1,700,000
Price per sq ft: $1,729
Vs. nearby sales: 206.6% above
Days on market: 9

This 2-bedroom condo in ZIP 33132 is listed at $1,700,000, or $1,729 per square foot. It has been on the market for 9 days. The 6 most recent condo sales in the closings shown below sold at a median of $564 per square foot, so the asking price is 206.6% above what comparable homes here actually sold for.

Bedrooms

Bathrooms

983

Living Sq Ft

2022

Year Built

Estimated monthly payment

$8,934 /mo

Principal and interest only, based on $340,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $1,511/mo HOA are not included.

Customize this estimate

Listing Snapshot

Price: $1,700,000
Days on Site: 9 Days
Bedrooms: 2
Total Baths: 2
Full Baths: 2
Partial Baths: 0
Living Area: 983 sqft
Total Sq Ft: 983 sqft
Year Built: 2022
Property Type: Condo
MLS #: A12110661
Property Tax: $27,838 (2025)
HOA Fees: $1,511 / Monthly
Subdivision: MAP OF MIAMI DADE CO. FL.
County: Miami Dade
Status: Active
Special Conditions: Real Estate Owned / Listed As Is

About This Property

Unparalleled Luxury & High-Yield Potential at The Elser Hotel & Residences!Experience ultimate elevated living in this pristine 35th-floor corner residence featuring 2 Bedrooms and 2 Full Bathrooms across 983 sq ft of smartly designed space. Built in 2022, this modern turn-key condo delivers breathtaking skyline views, premium finishes, and floor-to-ceiling windows flooded with natural light.Perfectly positioned in the heart of Downtown Miami—just steps from Bayside Marketplace, Kaseya Center, and world-class dining—this unit offers unrestricted short-term rental capabilities (Airbnb/VRBO approved), making it a dream opportunity for both savvy investors looking for maximum ROI and buyers seeking a luxurious urban retreat.Building amenities include a resort-style pool deck with skyline views, 24/7 fitness center, concierge, sky lounge, and full-service hospitality management. Located in Flood Zone X. Don't miss this rare high-floor unit in one of Miami's most coveted destinations—schedule your private tour today!

MLS media link

General Features

Property Type: Condo
Status: Active
Year Built: 2022
Number of Stories: 49
Garage Spaces: 1
Living Sq Ft: 983
Total Sq Ft: 983

Interior Features

Appliances: Dryer / Dishwasher / Disposal / Microwave / Refrigerator / Washer
Cooling: Central Air
Heating: Central
Flooring: Ceramic Tile
Interior Features: Elevator / Separate Shower / Walk In Closets

Exterior Features

Construction: Block
Exterior Features: None
Pool Features: Association
View: Ocean / Skyline / Water

Community & HOA

HOA Fee: $1,511 / Monthly
HOA Includes: Common Areas / Cable Tv / Internet / Pools / Recreation Facilities / Security / Water
Association Amenities: Fitness Center / Maintenance Grounds / Pool / Parking / Elevators
Security: Security System / Smoke Detectors
Pets Allowed: Yes
Financing Terms: Cash / Conventional / FHA
Restrictions: Other Restrictions / Ok To Lease / Short Term Rentals Allowed
MLS Area: 2420

Schools

Elementary School: Frederick Douglass
Middle School: Jose De Diego
High School: Booker T. Washington

About the Area

Miami

View Miami Real Estate →

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: 10,620
Under Contract: 1,797
Median List Price: $645,000
Median Sale Price (October): $585,000
Median $/Sq Ft: $508
Avg Days on Market: 153

View all 10,620 homes for sale in Miami →

Frequently Asked Questions

How do I schedule a tour of 398 NE 5th Street 3509, Miami, FL 33132?: Use the Tour button on this listing to request a showing of 398 NE 5th Street 3509, 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 3509, Miami, FL 33132 still available?: 398 NE 5th Street 3509, Miami, FL 33132 is currently listed as Active, and has been on the market 9 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 3509, Miami, FL 33132?: With 20% down ($340,000) on the $1,700,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 3509, Miami, FL 33132 is about $8,934/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 3509, 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 3509, 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 3509, Miami, FL 33132 have an HOA fee?: Yes: 398 NE 5th Street 3509, Miami, FL 33132 carries an HOA fee of about $1,511 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
What schools serve 398 NE 5th Street 3509, Miami, FL 33132?: 398 NE 5th Street 3509, Miami, FL 33132 is zoned for Frederick Douglass (elementary), Jose De Diego (middle), Booker T. Washington (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
Can I negotiate the price of 398 NE 5th Street 3509, Miami, FL 33132?: Often, yes. The right offer on 398 NE 5th Street 3509, 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 EXP 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 November 14, 2026.

$1,700,000

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Listed by Martha Valderrama, EXP Realty LLC

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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 $570 per square foot. The most recent closed on November 9, 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.