$525,000
398 NE 5th Street 4716
MAP OF MIAMI DADE CO. FL.
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- Asking price
- $525,000
- Price per sq ft
- $1,450
- Vs. nearby sales
- 187.7% above
- Days on market
- 181
This condo in ZIP 33132 went under contract with an asking price of $525,000, or $1,450 per square foot. It spent 181 days on the market before going under contract. The 6 most recent condo sales in the closings shown below sold at a median of $504 per square foot, so the asking price was 187.7% above what comparable homes here actually sold for.
Estimated monthly payment
$2,759 /mo
Principal and interest only, based on $105,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $474/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $525,000
- Days on Site
- 181 Days
- Bedrooms
- 0
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 362 sqft
- Total Sq Ft
- 362 sqft
- Year Built
- 2022
- Property Type
- Condo
- MLS #
- A11995606
- Property Tax
- $10,550 (2025)
- HOA Fees
- $474 / Monthly
- Subdivision
- MAP OF MIAMI DADE CO. FL.
- County
- Miami Dade
- Status
- Under Contract
- Special Conditions
- Short Sale / Listed As Is
About This Property
Experience elevated living and exceptional investment potential at The Elser Miami, one of Downtown Miami’s most sought-after luxury residences. This fully furnished studio showcases breathtaking views of Biscayne Bay and the Miami skyline, blending modern design with high-end finishes for a turnkey opportunity.Designed for both lifestyle and income, the building offers world-class amenities including resort-style pool, fitness center, spa, business lounge, and on-site dining—including a Michelin-starred culinary experience. Ideal for short-term rentals, with flexible leasing options maximizing income potential.Located in the heart of Downtown Miami, just steps from Bayside, world-class museums, entertainment, and minutes to Brickell, South Beach, and Key Biscayne. This is a rare opportunity to own in one of Miami’s most dynamic and high-demand rental markets.Perfect for investors seeking strong returns or buyers looking for a luxury pied-à-terre in a prime waterfront location.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Under Contract
- Year Built
- 2022
- Property Condition
- Resale
- Number of Stories
- 51
- Garage Spaces
- 0
- Parking
- Valet
- Living Sq Ft
- 362
- Total Sq Ft
- 362
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Microwave / Refrigerator / Washer
- Cooling
- Electric
- Heating
- Electric
- Flooring
- Ceramic Tile
- Interior Features
- Elevator / Main Level Primary / Bar
- Furnished
- Furnished
Exterior Features
- Construction
- CBS Concrete Block Structure / Block
- Exterior Features
- Barbecue / Outdoor Living Area
- Pool Features
- Heated
- Waterfront
- Yes
- Waterfront Features
- Bayfront / None
- View
- Bay / Intercoastal / Water
Community & HOA
- HOA Fee
- $474 / Monthly
- HOA Includes
- Water
- Association Amenities
- Business Center / Cabana / Clubhouse / Elevators / Fitness Center / Maintenance Grounds / Picnic Area / Playground / Pool / Sauna / Trash
- Security
- Elevator Secured / Fire Alarm / Key Card Entry / Smoke Detectors
- Pets Allowed
- Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Other Restrictions
- 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 4716, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 398 NE 5th Street 4716, 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 4716, Miami, FL 33132 still available?
- 398 NE 5th Street 4716, Miami, FL 33132 is currently listed as Under Contract, and has been on the market 181 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 4716, Miami, FL 33132?
- With 20% down ($105,000) on the $525,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 398 NE 5th Street 4716, Miami, FL 33132 is about $2,759/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 4716, 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 4716, 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 4716, Miami, FL 33132 have an HOA fee?
- Yes: 398 NE 5th Street 4716, Miami, FL 33132 carries an HOA fee of about $474 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 4716, Miami, FL 33132?
- 398 NE 5th Street 4716, 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 4716, Miami, FL 33132?
- Often, yes. The right offer on 398 NE 5th Street 4716, 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 Miami Masterpiece
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.
$525,000
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Listed by Carla Michelle Ruiz Contreras, Miami Masterpiece
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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.
