$1,335,000
398 NE 5th Street 3811
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
- $1,335,000
- Price per sq ft
- $1,632
- Vs. nearby sales
- 223.8% above
- Days on market
- 227
This 2-bedroom condo in ZIP 33132 is listed at $1,335,000, or $1,632 per square foot. The asking price has come down 3.6% from its original $1,385,000. It has been on the market for 227 days. The 6 most recent condo sales in the closings shown below sold at a median of $504 per square foot, so the asking price is 223.8% above what comparable homes here actually sold for.
Estimated monthly payment
$7,016 /mo
Principal and interest only, based on $267,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $1,543/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $1,335,000
- Days on Site
- 227 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 818 sqft
- Total Sq Ft
- 818 sqft
- Year Built
- 2024
- Property Type
- Condo
- MLS #
- A11969815
- Property Tax
- $23,931 (2025)
- HOA Fees
- $1,543 / Monthly
- Subdivision
- MAP OF MIAMI DADE CO. FL.
- County
- Miami Dade
- Status
- Active
About This Property
Unit 3811 at Elser Hotel & Residences is a stunning 2-bedroom, 2-bathroom residence offering breathtaking bayfront and direct water views. From its elevated position, enjoy spectacular panoramas of the park and Biscayne Bay, with unforgettable sunrises and vibrant city lights at night.The unit is fully furnished and turnkey, ready to be occupied immediately or placed into income production from day one. Floor-to-ceiling windows flood the space with natural light, enhancing the modern design and showcasing the incredible waterfront scenery.Located in one of Downtown Miami’s most desirable buildings, the residence allows short-term rentals, including daily rentals, making it an exceptional opportunity for investors seeking strong income potential, as well as end users who value flexibility.A rare opportunity to own a prime waterfront property with spectacular views and full short-term rental freedom.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2024
- Property Condition
- New Construction
- New Construction
- Yes
- Number of Stories
- 55
- Garage Spaces
- 1
- Parking
- Covered / Valet
- Living Sq Ft
- 818
- Total Sq Ft
- 818
Interior Features
- Cooling
- Central Air
- Heating
- Other
- Flooring
- Other
- Interior Features
- Other
Exterior Features
- Construction
- Block
- Exterior Features
- Other
- Architectural Style
- Other
- Waterfront
- Yes
- Waterfront Features
- Bayfront / Ocean Front / Other
- View
- Bay / Intercoastal / Water
Community & HOA
- HOA Fee
- $1,543 / Monthly
- Association Amenities
- Other
- Security
- Other
- Pets Allowed
- Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- 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
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 3811, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 398 NE 5th Street 3811, 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 3811, Miami, FL 33132 still available?
- 398 NE 5th Street 3811, Miami, FL 33132 is currently listed as Active, and has been on the market 227 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 3811, Miami, FL 33132?
- With 20% down ($267,000) on the $1,335,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 3811, Miami, FL 33132 is about $7,016/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 3811, 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 3811, 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 3811, Miami, FL 33132 have an HOA fee?
- Yes: 398 NE 5th Street 3811, Miami, FL 33132 carries an HOA fee of about $1,543 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 3811, Miami, FL 33132?
- 398 NE 5th Street 3811, 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 3811, Miami, FL 33132?
- Often, yes. The right offer on 398 NE 5th Street 3811, 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 COSMORE Florida Corp.
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 June 23, 2026.
$1,335,000
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Listed by Piero Ruggeri, COSMORE Florida Corp.
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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.
