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398 NE 5th St # 3805, Miami FL 33132

Condo/Co-op For Sale
$499,000

BTC: 5.80232558

ETH: 199.60000000

2 days
1 bds
1 ba
442 sqft

Overview

Unit 3805 at The Elser offers a turnkey studio residence in the heart of Downtown Miami, ideal as a pied-à-terre or investment opportunity. The residence features a full kitchen, in-unit washer and dryer, contemporary finishes, and impressive views from the 38th floor. Owners have the option to enroll in the Highgate hotel rental program, providing professional management for nightly rentals and added flexibility for investors. The Elser offers an exceptional collection of resort-style amenities, including a spectacular pool deck, state-of-the-art fitness center, lounge areas, and more. Ideally located near Miami Worldcenter, Kaseya Center, Bayside Marketplace, dining, entertainment, and the waterfront. A unique opportunity to own a flexible residence in the center of Miami’s rapidly evolving urban core.

Location

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

Details

Type:
Residential
Parking:
Other
Year Built:
2022
Lot:
No Data
Heating:
Other
Price/sqft:
$1,129
Cooling:
Central Air
HOA:
$2,062

Valuation

Our model vs. what's actually selling nearby.
Estimate
$460,000
$379K – $616K
Confidence Low
List vs. estimate
$39K above estimate
List $499,000 · +8.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,128
+100.1% vs. city median $564
Based on
233 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $467K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,780
2025
HOA
$2,062/mo
View
Canal, Other View
Garage
1 car garage
All facts and features

  • Flooring

    • Tile

    Heating

    • Other

    Cooling

    • Central Air

    Appliances

    • Electric Range

    Other interior features

    • Lobby

    • Elevator

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • Other

    Other Property Information

    • Parcel Number: 01-41-37-078-1610

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $2,062

    • HOA Frequency: Monthly

    • Annual tax amount: $10,780

  • Source details

    • MLS ID: A12091734

    Other facts

    • Construction Materials: Concrete Block Construction

    • Window Features: Clear Impact Glass

    • Architectural Style: High Rise

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 442

    • 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
845
median $635K
Active
Same city
Miami
12,771
median $635K
Active
Same type
Condo/Co-op
6,729
median $495K
Active
Similar price
$349K – $648K
3,770
median $495K
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: London Foster Realty