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398 NE 5th Street # 2403, Miami FL 33132

Condo/Co-op Active With Contract
$410,000

BTC: 6.93270206

ETH: 264.51612903

18 days
Waterfront
1 bds
1 ba
490 sqft

Overview

Lowest priced, turnkey largest studio layout at the iconic The Elser. This rare 490 sq ft studio offers a more spacious and functional design than the smaller studio layouts in the building, allowing for a comfortable bedroom setup with the bed facing the TV divider. Ideally located in the heart of Downtown Miami, just steps from world-class dining, entertainment, and cultural destinations. Features include floor-to-ceiling windows, private balcony, fully equipped kitchen, in-unit washer/dryer, and stylish finishes. Enjoy resort-style amenities such as a 132-ft rooftop pool with LED screen, spa, two-story fitness center, sky lounge, co-working spaces, grilling terrace, lobby bar, and 24/7 concierge. Short-term rentals allowed through in-house or approved management.

Location

Details

Type:
Residential
Parking:
1 Space / Assigned / Guest / Parking Garage
Year Built:
2022
Lot:
No Data
Heating:
Central
Price/sqft:
$837
Cooling:
Central Air
HOA:
$679

Valuation

Our model vs. what's actually selling nearby.
Estimate
$498,500
$380K – $762K
Confidence Low
List vs. estimate
$88K below estimate
List $410,000 · -17.8%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$836
+49.3% vs. city median $560
Based on
204 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $522K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,769
2025
HOA
$679/mo
Pool
Community
View
Bay, Ocean
Waterfront
Yes
Garage
1 car garage
Furnished
Furnished,Furniture Only
Pets
Allowed
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Electric Range

    • Refrigerator

    • Washer

    Other interior features

    • Built-in Features

    • Utility Room/Laundry

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • 1 Space

    • Assigned

    • Guest

    • Parking Garage

    Property

    • Pool Private: Yes

    Other Property Information

    • Parcel Number: 01-41-37-078-0790

    • Zoning: 6401

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Connected

    • Cable Available

  • Other financial information

    • HOA: $679

    • HOA Frequency: Monthly

    • Annual tax amount: $10,769

  • Source details

    • MLS ID: R11156917

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction / Other

    • Laundry Features: Laundry Room / Utility Room/Laundry

    • Pool Features: Community

    • Window Features: Complete Impact Glass

    • Direction Faces: Southeast

    • Other Structures: Livable

    • Waterfront: Yes

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 490

    • Subdivision Name: MAP OF MIAMI DADE CO. FL.

Private inquiry
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Market around this address

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Luxe Properties