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398 NE 5th St # 1902, Miami FL 33132

Condo/Co-op For Sale
$489,000

BTC: 6.07453416

ETH: 184.52830189

-$6K (2026/09/11)
26 days
Waterfront
1 ba
430 sqft

Overview

PRICED TO SELL — AND PRICED AGAINST CLOSED SALES, NOT ASKING PRICES. Residence 1902 at The Elser: a north-facing studio on the 19th floor, fully furnished and turnkey, furniture package conveys. 9'2" ceilings and floor-to-ceiling glass frame the Downtown skyline north toward Edgewater. Italkraft cabinetry, quartz countertops, stainless steel appliances, in-unit full-size washer/dryer, keyless entry and Ecobee smart thermostat. Daily short-term rentals or annual leases both permitted — and twelve months of operator statements are available to qualified buyers, so this residence is underwritten on documented revenue, occupancy and ADR rather than projections. Building amenities: 132-foot bayfront pool deck, two-story fitness center, two-level co-working Lab with reservable conference rooms, lobby bar and restaurant called ViseVersa, concierge and valet. HOA includes Wi-Fi and cable. Two blocks to Miami Worldcenter; walk to Kaseya Center, Brightline, Bayside and the Port of Miami.

Location

Details

Type:
Residential
Parking:
1 Space
Year Built:
2022
Lot:
No Data
Heating:
None
Price/sqft:
$1,137
Cooling:
Central Air
HOA:
$2,006

Valuation

Our model vs. what's actually selling nearby.
Estimate
$459,000
$379K – $627K
Confidence Low
List vs. estimate
$30K above estimate
List $489,000 · +6.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,137
+99.4% vs. city median $570
Based on
237 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $12.6M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

HOA
$2,006/qtr
View
Bay, Other View
Waterfront
Yes
Garage
1 car garage
All facts and features
  • Flooring

    • Other

    Heating

    • None

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Refrigerator

    • Self Cleaning Oven

    • Washer

    Other interior features

    • First Floor Entry

    Bedrooms and bathrooms

    • Full bathrooms: 1

  • Parking

    • 1 Space

    Other Property Information

    • Parcel Number: 01-41-37-078-0400

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $2,006

    • HOA Frequency: Quarterly

  • Source details

    • MLS ID: A12086164

    Other facts

    • Construction Materials: Concrete Block Construction

    • Architectural Style: High Rise

    • Waterfront: Yes

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 430

    • Subdivision Name: The Elser Hotel Miami

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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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: Pink Miami Real Estate