398 NE 5th Street # 2118, Miami FL 33132, Miami
$1,190,000
Miami, FL, 33132
Property details
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 1,135 sqft
- Year built
- 2022
- Type
- Condominium
- Association fee
- $1,560 / monthly
- Days on market
- 26
- MLS #
- B26041166
Listing courtesy of Linart Realty, LLC · 954-866-8936. Listing agent: Arthur Covas. MLS data last updated 2026-07-11.
Description
Sophisticated Fully Furnished 3BR/3BA Corner Unit Residence at The Elser Hotel & Residences. Discover unmatched luxury in thisDowntown Miami turnkey unit, featuring floor-to-ceiling windows and a 180-degree balcony showcasing panoramic Biscayne Bay and city skyline vistas. Highlights include a gourmet kitchen with premium appliances, 9'2'' ceilings, smart home tech, and designer finishes. Ideal for investors (unrestricted short-term rentals) or full-time luxury living. Building amenities: rooftop infinity pool, 24/7 concierge, valet, and fitness center. Steps from Bayfront Park, Michelin-starred dining, and Biscayne Boulevard's vibrant scene. A rare blend of elegance, location, and investment potential. Schedule your private tour today!
398 NE 5th Street # 2118, Miami FL 33132, Miami — for sale, listed for $1,190,000 (3 bed, 3 bath, 1,135 sqft).
$1,048/sqft · 90% percentile · based on 2,009 3-bed listings for sale in miami (median $428/sqft).
What else is available at The Elser?
87 listings are currently active in this building across 76 distinct units (40 × 1-bed, 10 × 2-bed, 19 × 3-bed, 18 × studio).
n=87 · 2026-07-27 · Methodology
Run the numbers
Competition for this listing
Right now: 2,084 active 3-bed listings for sale in miami, median asking price $629,000, median $428/sqft.
n=2,084 · 2026-07-27 · Methodology
How is this priced?
At $1,048 per square foot, this listing sits at the 90% percentile of the 2,009 comparable 3-bed listings for sale in miami on the market right now.
The current median for that group is $428/sqft, so this asking price is above the middle of its market.
n=2,009 · 2026-07-27 · Methodology
Asking price vs segment median
$1,190,000 asks 89.2% above the $629,000 median across 2,084 3-bed listings for sale in Miami.
n=2,084 · 2026-07-27 · Methodology
Market trend (our weekly archive)
Our weekly snapshot archive tracks the median for 3-bed listings for sale in miami: $429/sqft in 2026-W30 to $428/sqft in 2026-W31.
This history is computed from our own recorded market snapshots, not backfilled estimates.
n=2,083 · 2026-07-27 · Methodology
Priced like this listing
The 4 active listings closest in price within the same market segment:
Are sellers cutting prices here?
38% of the 2,084 active 3-bed listings for sale in miami have reduced their asking price at least once — a direct read on seller flexibility in this segment.
n=2,084 · 2026-07-27 · Methodology
Debut pulse
23 debuts in 2 recorded weeks among 3-bed listings for sale in miami with entry asking prices $650–$2,250,000 — the supply side of this segment as we observed it.
n=23 · 2026-07-27 · Methodology
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-27 · Methodology
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