398 NE 5th St # 4207, Miami FL 33132, Miami
$585,000
Miami, FL, 33132
Property details
- Bedrooms
- 0
- Bathrooms
- 1
- Living area
- 442 sqft
- Year built
- 2022
- Type
- Condominium
- Association fee
- $679 / monthly
- Days on market
- 395
- MLS #
- A11829784
Listing courtesy of Related General Realty, LLC. · 305-932-6365. Listing agent: Claudia Montenegro. MLS data last updated 2026-07-27.
Description
The best investments begin with vision. One of the best-priced residences at The Elser , this fully furnished turnkey residence is professionally managed for short-term rentals, offering a seamless ownership experience in the heart of Downtown Miami. Ideally positioned along Biscayne Boulevard , adjacent to the iconic Waldorf Astoria Residences Miami and surrounded by transformative developments including Miami Worldcenter , Brightline, Kaseya Center and Bayside. Perfectly situated within one of Miami's most prestigious luxury growth corridors, this residence presents an exceptional opportunity to enjoy today while investing in tomorrow.
398 NE 5th St # 4207, Miami FL 33132, Miami — for sale, listed for $585,000 (0 bed, 1 bath, 442 sqft).
About The Elser
The Elser: built 2022–2024; current sale asking prices $509,900–$1,650,000; current rents $2,650–$9,500; association fees $50–$1,800/month.
Local market report
Run the numbers
Market trend (our weekly archive)
Our weekly snapshot archive tracks the median for studio listings for sale in miami: $1,083/sqft in 2026-W30 to $1,083/sqft in 2026-W31.
This history is computed from our own recorded market snapshots, not backfilled estimates.
n=280 · 2026-07-27 · Methodology
Price-reduction climate
32% of 282 active studio listings for sale in miami are listed below their original asking price.
n=282 · 2026-07-27 · Methodology
Availability in 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
Fresh on the market
We recorded 4 studio listings for sale in miami arriving on the market across the last 2 observed weeks with entry asking prices $349,000–$600,000.
n=4 · 2026-07-27 · Methodology
Closest-priced alternatives
The 4 active listings closest in price within the same market segment:
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-27 · Methodology
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