398 NE 5th St # 3209, Miami FL 33132, Miami
$1,649,000
Miami, FL, 33132
Property details
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 983 sqft
- Year built
- 2022
- Type
- Condominium
- Association fee
- $1,511 / monthly
- Days on market
- 531
- MLS #
- A11722985
Listing courtesy of Lokation · 786-683-5367. Listing agent: Tingjun Lei. MLS data last updated 2026-07-24.
Description
Experience luxury living in this stunning corner high-rise condo with breathtaking bay views! This exceptional unit boasts floor-to-ceiling windows which offers natural light and panoramic vistas of the sparkling water and city skyline. This luxury unit offers the best view in Miami. You can relex, enteriain while enjoying the serene bay breeze. With modern finishes, an open-concept layout, and an unbeatable location, this is your opportunity to own a piece of paradise in the sky. Don’t miss out—schedule your tour today!
398 NE 5th St # 3209, Miami FL 33132, Miami — for sale, listed for $1,649,000 (2 bed, 2 bath, 983 sqft).
$1,678/sqft · 98% percentile · based on 2,550 2-bed listings for sale in miami (median $449/sqft).
ZIP vs city price level
Active listings like this in ZIP 33132 show a median asking $636/sqft — 41.7% above the Miami median asking of $449/sqft.
n=208 · 2026-07-25 · Methodology
Local market report
Asking price vs segment median
$1,649,000 asks 230.5% above the $499,000 median across 2,589 2-bed listings for sale in Miami.
n=2,589 · 2026-07-25 · Methodology
Run the numbers
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.
Price-reduction climate
39% of 2,589 active 2-bed listings for sale in miami are listed below their original asking price.
n=2,589 · 2026-07-25 · Methodology
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 · 2026-07-25 · Methodology
How is this priced?
At $1,678 per square foot, this listing sits at the 98% percentile of the 2,550 comparable 2-bed listings for sale in miami on the market right now.
The current median for that group is $449/sqft, so this asking price is above the middle of its market.
n=2,550 · 2026-07-25 · Methodology
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-25 · Methodology
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