Price Check
How this price compares
- List price
- $1,299,000
- Price per sq ft
- $1,144
- Vs. nearby sales
- 130.6% above
- Days on market
- 28
This 3-bedroom condo in ZIP 33132 is listed at $1,299,000, or $1,144 per square foot. The asking price has come down 7.1% from its original $1,399,000. It has been on the market for 28 days. The 6 most recent condo sales in the closings shown below sold at a median of $496 per square foot, so the asking price is 130.6% above what comparable homes here actually sold for.
Estimated monthly payment
$6,827 /mo
Principal and interest only, based on $259,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $1,716/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $1,299,000
- Days on Site
- 28 Days
- Bedrooms
- 3
- Total Baths
- 3
- Full Baths
- 3
- Partial Baths
- 0
- Living Area
- 1,135 sqft
- Year Built
- 2022
- Property Type
- Condo
- MLS #
- A12077007
- Property Tax
- $23,345 (2025)
- HOA Fees
- $1,716 / Monthly
- Subdivision
- The Elser Residences
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
Fully furnished 3-bedroom, 3-bath residence at The Elser Hotel & Residences in Downtown Miami, with daily rentals permitted. Featuring floor-to-ceiling impact windows, modern open-concept design, and stunning Biscayne Bay and Miami skyline views. Turnkey and ideal for personal use or income generation. Enjoy resort-style amenities including rooftop pool, fitness center, 24-hour concierge, valet, and more, just steps from Bayfront Park, dining, entertainment, and the waterfront.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2022
- Property Condition
- Resale
- Number of Stories
- 47
- Garage Spaces
- 0
- Living Sq Ft
- 1,135
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Disposal / Ice Maker / Microwave / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Interior Features
- Built In Features / Closet Cabinetry / Elevator / None / Other / Bar
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Lighting / Outdoor Living Area
- Pool Features
- Association
- Patio & Porch
- Open / Balcony
- Waterfront
- Yes
- Waterfront Features
- Bayfront / None
- View
- Bay / Water
Community & HOA
- HOA Fee
- $1,716 / Monthly
- HOA Includes
- Common Areas / Cable Tv / Insurance / Maintenance Structure / Pools / Recreation Facilities / Sewer / Trash / Water
- Association Amenities
- Business Center / Clubhouse / Fitness Center / Maintenance Grounds / Picnic Area / Pool / Parking / Sauna / Spa Hot Tub / Trash / Elevators
- Security
- Security System / Fire Alarm / Fire Sprinkler System / Lobby Secured / Smoke Detectors / Security Guard
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional / FHA / Va Loan
- Restrictions
- Ok To Lease / Short Term Rentals Allowed
- MLS Area
- 2420
This home's HOA fee works out to $1,716 a month, in line with the $1,716 median across 3 homes for sale in this community. See the community's HOA fees
Schools
- Elementary School
- Frederick Douglass
- Middle School
- Jose De Diego
- High School
- Booker T. Washington
About the Community
The Elser Residences is a waterfront community in Miami, Miami-Dade County, Florida. Active listings are priced from $899,900 to $1,400,000. Homes were built starting 2022. Pure Equity lists homes in The Elser Residences 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
- 3
- Under Contract
- 0
- Median List Price
- $1,299,000
- Median $/Sq Ft
- $1,215
- Avg Days on Market
- 227
Frequently Asked Questions
- How do I schedule a tour of 398 NE 5th 4118, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 398 NE 5th 4118, 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 4118, Miami, FL 33132 still available?
- 398 NE 5th 4118, Miami, FL 33132 is currently listed as Active, and has been on the market 28 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 4118, Miami, FL 33132?
- With 20% down ($259,800) on the $1,299,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th 4118, Miami, FL 33132 is about $6,827/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 4118, 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 4118, 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 4118, Miami, FL 33132 have an HOA fee?
- Yes: 398 NE 5th 4118, Miami, FL 33132 carries an HOA fee of about $1,716 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 4118, Miami, FL 33132?
- 398 NE 5th 4118, 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 4118, Miami, FL 33132?
- Often, yes. The right offer on 398 NE 5th 4118, 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 August 30, 2026.
$1,299,000
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Listed by Juan I Castro, EXP Realty LLC
Map & Location
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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 $532 per square foot. The most recent closed on October 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.
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
Sold$306,000
Sold · October 8, 2026
1750 N Bayshore Drive 3310
1 bed · 1 bath · 821 sqft · $373/sqft
$23,000 under the asking price
Sold$860,000
Sold · October 6, 2026
488 NE 18th Street 4009
2 bed · 3 bath · 1,257 sqft · $684/sqft
$39,999 under the asking price
Sold$2,200,000
Sold · October 2, 2026
488 NE 18th Street 3715
3 bed · 4 bath · 2,018 sqft · $1,090/sqft
$75,000 under the asking price
Sold$700,000
Sold · September 30, 2026
888 Biscayne Boulevard 2701
2 bed · 2 bath · 1,315 sqft · $532/sqft
$20,000 under the asking price
Sold$350,000
Sold · September 30, 2026
1750 N Bayshore Drive 4912
1 bed · 1 bath · 791 sqft · $442/sqft
$33,000 under the asking price
See every recorded sale in ZIP 33132 or find out what your ZIP 33132 home is worth.
