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398 NE 5th St # 4001, Miami FL 33132

Condo/Co-op For Sale
$1,550,000

BTC: 19.49685535

ETH: 668.10344828

New
Waterfront
3 bds
3 ba
1,150 sqft

Overview

Experience panoramic Biscayne Bay and Downtown Miami views from this fully furnished 3-bedroom, 3-bathroom corner residence at The Elser Hotel & Residences. Floor-to-ceiling windows, 9'2" ceilings, and an expansive wraparound balcony create a bright setting for enjoying Miami’s waterfront and skyline. The thoughtfully appointed interior features a premium kitchen, high-end appliances, smart-home technology, and elegant furnishings. Short-term rental flexibility accommodates personal enjoyment and potential rental income, subject to applicable requirements. Resort-style amenities include an infinity pool, a state-of-the-art fitness center, concierge, and valet service. Ideally located near Bayfront Park, dining, shopping, and entertainment, this residence offers a distinctive opportunity to own in the heart of Downtown Miami. Contact us to arrange a private showing. UNIT RENTED.AVAILABLE TO RENT AIRBNB

Location

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

Details

Type:
Residential
Parking:
1 Space
Year Built:
2022
Lot:
No Data
Heating:
Other
Price/sqft:
$1,348
Cooling:
Other
HOA:
$1,776

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,075,000
$802K – $1.5M
Confidence Low
List vs. estimate
$475K above estimate
List $1,550,000 · +44.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,347
+135.1% vs. city median $573
Based on
27 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

Annual tax
$23,423
2025
HOA
$1,776/mo
View
Bay
Waterfront
Waterfront
Garage
1 car garage
All facts and features

  • Flooring

    • Other

    Heating

    • Other

    Cooling

    • Other

    Appliances

    • Dishwasher

    • Electric Range

    • Microwave

    • Other Equipment/Appliances

    • Refrigerator

    Other interior features

    • Closet Cabinetry

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 3

  • Parking

    • 1 Space

    Property

    • Exterior Features: Other

    Other Property Information

    • Parcel Number: 01-41-37-078-0270

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,776

    • HOA Frequency: Monthly

    • Annual tax amount: $23,423

  • Source details

    • MLS ID: A12114472

    Other facts

    • Construction Materials: Concrete Block Construction

    • Laundry Features: Washer/Dryer Hook-Up

    • Architectural Style: Corner Unit

    • Waterfront: Yes

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 1150

    • 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
448
median $635K
Active
Same city
Miami
6,441
median $649K
Active
Same type
Condo/Co-op
3,258
median $499K
Active
Similar price
$1.1M – $2.0M
841
median $1.4M
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: Urban Development & Investments LLC