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398 NE 5th St # 3711, Miami FL 33132

Condo/Co-op For Sale
$1,379,000

BTC: 21.71824553

ETH: 724.78240760

-$141K (2026/07/24)
6 days
Waterfront
2 bds
2 ba
818 sqft

Overview

Breathtaking high-floor coastal living awaits in the heart of Downtown Miami. Welcome to Unit 3711 at The Elser, an exquisite 2-bedroom, 2-bathroom corner oasis completely finished and furnished by Cotofana Designs. Floor-to-ceiling glass floods the space with natural light, framing dramatic, endless views of Biscayne Bay. The sleek, modern kitchen features custom Italkraft cabinetry, quartz countertops, and Frigidaire stainless appliances. Enjoy absolute flexibility: occupy as your personal luxury residence or generate top-tier passive income via the building's professionally managed 5-star short-term rental program. Five-star building amenities include a wrap-around resort pool deck, private lounges, outdoor theater, bar restaurant terrace, and valet parking. Minutes to Brickell, Wynwood, and Miami International Airport. Move-in or rent-ready on day one! Featuring a zero-restriction daily rental policy, this turnkey property is a premier short-term rental powerhouse.

Location

Florida • Miami • 33132 • Condo/Co-op • For Sale • Waterfront

Details

Type:
Residential
Parking:
Covered / Valet
Year Built:
2022
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$1,686
Cooling:
Central Air / Electric
HOA:
$1,511

Valuation

Our model vs. what's actually selling nearby.
Estimate
$767,450
$507K – $1.3M
Confidence Low
List vs. estimate
$611K above estimate
List $1,379,000 · +79.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,685
+199.9% vs. city median $562
Based on
184 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $642K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$23,136
2025
HOA
$1,511/mo
Pool
Private
View
Bay, Skyline
Waterfront
Yes
Garage
1 car garage
Pets
Allowed
All facts and features

  • Flooring

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Range

    • Electric Water Heater

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Lobby

    • Closet Cabinetry

    • Elevator

    • Skylight

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Covered

    • Valet

    Property

    • Levels: 1

    • Pool Private: Yes

    • Exterior Features: Barbeque

    Other Property Information

    • Parcel Number: 01-41-37-078-3640

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Green energy

    • Appliances

    • HVAC

  • Other financial information

    • HOA: $1,511

    • HOA Frequency: Monthly

    • Annual tax amount: $23,136

  • Source details

    • MLS ID: A12057376

    Other facts

    • Construction Materials: Concrete Block Construction / Concrete Block With Brick

    • Patio And Porch Features: Deck

    • Window Features: Clear Impact Glass / Skylight

    • Architectural Style: Corner Unit / High Rise

    • Waterfront: Yes

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 818

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

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

Live counts in the same area.
View all
This zip
33132
781
median $639K
Active
Same city
Miami
12,325
median $637K
Active
Same type
Condo/Co-op
6,493
median $495K
Active
Similar price
$965K – $1.8M
1,731
median $1.2M
Active

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: Xcellence