How do I schedule a tour of 398 NE 5th Street 3711, Miami, FL 33132?

Use the Tour button on this listing to request a showing of 398 NE 5th Street 3711, 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 3711, Miami, FL 33132 still available?

398 NE 5th Street 3711, Miami, FL 33132 is currently listed as Active, and has been on the market 63 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 3711, Miami, FL 33132?

With 20% down ($275,800) on the $1,379,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 3711, Miami, FL 33132 is about $7,247/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 3711, 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 3711, 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 3711, Miami, FL 33132 have an HOA fee?

Yes: 398 NE 5th Street 3711, 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 3711, Miami, FL 33132?

398 NE 5th Street 3711, 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 3711, Miami, FL 33132?

Often, yes. The right offer on 398 NE 5th Street 3711, 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

63 Days on Market

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$1,379,000

398 NE 5th Street 3711

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: $1,379,000
Price per sq ft: $1,686
Original price: $1,520,000
Days on market: 63

This 2-bedroom condo in ZIP 33132 is listed at $1,379,000, or $1,686 per square foot. The asking price has come down 9.3% from its original $1,520,000. It has been on the market for 63 days.

Bedrooms

Bathrooms

818

Living Sq Ft

2022

Year Built

Estimated monthly payment

$7,247 /mo

Principal and interest only, based on $275,800 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: $1,379,000
Days on Site: 63 Days
Bedrooms: 2
Total Baths: 2
Full Baths: 2
Partial Baths: 0
Living Area: 818 sqft
Total Sq Ft: 818 sqft
Year Built: 2022
Property Type: Condo
MLS #: A12057376
Property Tax: $23,136 (2025)
HOA Fees: $1,511 / Monthly
Subdivision: MAP OF MIAMI DADE CO. FL.
County: Miami Dade
Status: Active
Special Conditions: Listed As Is

About This Property

Breathtaking high-floor coastal living awaits in the heart of Downtown Miami. Welcome to Unit 3711 at The Elser, an exquisite 2-bedroom, 2-bathroom corner oasis completely finished and furnished by Cotofana Designs. Floor-to-ceiling glass floods the space with natural light, framing dramatic, endless views of Biscayne Bay. The sleek, modern kitchen features custom Italkraft cabinetry, quartz countertops, and Frigidaire stainless appliances. Enjoy absolute flexibility: occupy as your personal luxury residence or generate top-tier passive income via the building's professionally managed 5-star short-term rental program. Five-star building amenities include a wrap-around resort pool deck, private lounges, outdoor theater, bar restaurant terrace, and valet parking. Minutes to Brickell, Wynwood, and Miami International Airport. Move-in or rent-ready on day one! Featuring a zero-restriction daily rental policy, this turnkey property is a premier short-term rental powerhouse.

MLS media link

General Features

Property Type: Condo
Status: Active
Year Built: 2022
Property Condition: New Construction / Resale
New Construction: Yes
Number of Stories: 49
Levels: One
Garage Spaces: 2
Attached Garage: Yes
Parking: Attached / Covered / Garage / Valet
Living Sq Ft: 818
Total Sq Ft: 818

Interior Features

Appliances: Dryer / Dishwasher / Electric Range / Electric Water Heater / Disposal / Microwave / Refrigerator / Washer
Cooling: Central Air / Electric
Heating: Central / Electric
Flooring: Tile
Interior Features: Closet Cabinetry / Elevator / Living Dining Room / Main Level Primary / Other / Separate Shower / Bar
Windows: Skylights

Exterior Features

Construction: Block
Exterior Features: Barbecue / Outdoor Living Area
Private Pool: Yes
Pool Features: Private / Association
Patio & Porch: Deck
Waterfront: Yes
Waterfront Features: Bayfront / None / Other
View: Bay / Skyline

Community & HOA

HOA Fee: $1,511 / Monthly
HOA Includes: Common Areas / Cable Tv / Hvac / Insurance / Internet / Maintenance Structure / Water
Association Amenities: Maintenance Grounds / Other / Picnic Area / Pool / Parking / Sauna / Spa Hot Tub / Trash / Elevators
Community Features: Home Owners Association
Security: Security System / Elevator Secured / Key Card Entry
Utilities: Cable Available
Pets Allowed: No Pet Restrictions / Yes
Financing Terms: Cash / Conventional
Restrictions: No Rv / Okay To Lease1st Year / 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: 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

View all 9,370 homes for sale in Miami →

Frequently Asked Questions

How do I schedule a tour of 398 NE 5th Street 3711, Miami, FL 33132?: Use the Tour button on this listing to request a showing of 398 NE 5th Street 3711, 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 3711, Miami, FL 33132 still available?: 398 NE 5th Street 3711, Miami, FL 33132 is currently listed as Active, and has been on the market 63 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 3711, Miami, FL 33132?: With 20% down ($275,800) on the $1,379,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 3711, Miami, FL 33132 is about $7,247/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 3711, 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 3711, 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 3711, Miami, FL 33132 have an HOA fee?: Yes: 398 NE 5th Street 3711, 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 3711, Miami, FL 33132?: 398 NE 5th Street 3711, 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 3711, Miami, FL 33132?: Often, yes. The right offer on 398 NE 5th Street 3711, 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 Xcellence

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 August 1, 2026.

$1,379,000

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Listed by Carlo Ortiz, Xcellence

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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 $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.