398 NE 5th St # 4518, Miami FL 33132, Miami
$1,090,000
Miami, FL, 33132
Property details
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 1,135 sqft
- Year built
- 2022
- Type
- Condominium
- Association fee
- $1,486 / monthly
- Days on market
- 282
- MLS #
- A11806748
Listing courtesy of Barnes International Realty, LLC · 305-361-2233. Listing agent: Sonia Desrois. MLS data last updated 2026-02-19.
Description
Discover perfection in this fully furnished 3BR/3BA corner unit at The Elser Hotel & Residences. Floor-to-ceiling windows and a 180° balcony capture breathtaking Biscayne Bay and city views. Enjoy 9'2" ceilings, premium kitchen appliances, and smart home features throughout this Downtown Miami gem. Ideal for investors with unrestricted short-term rentals or enjoy the sunrise AND sunset from your own balcony. Luxury living as its best. Exceptional amenities include rooftop infinity pool, 24/7 concierge, valet, and fitness center. Steps from Bayfront Park, Michelin dining, and vibrant Biscayne Boulevard. A rare blend of elegance, location, and investment potential. Tour this extraordinary opportunity today! Closing upon court approval.
398 NE 5th St # 4518, Miami FL 33132, Miami — for sale, listed for $1,090,000 (3 bed, 3 bath, 1,135 sqft).
77 3-bed listings for sale in 33132 · median $1,495,000.
Current market segment
Right now: 77 active 3-bed listings for sale in 33132, median asking price $1,495,000, median $975/sqft.
n=77 · 2026-07-28 · Methodology
Are sellers cutting prices here?
31% of the 77 active 3-bed listings for sale in 33132 have reduced their asking price at least once — a direct read on seller flexibility in this segment.
n=77 · 2026-07-28 · Methodology
Run the numbers
Availability in The Elser
86 listings are currently active in this building across 75 distinct units (39 × 1-bed, 10 × 2-bed, 19 × 3-bed, 18 × studio).
n=86 · 2026-07-28 · Methodology
Market trend (our weekly archive)
Our weekly snapshot archive tracks the median for 3-bed listings for sale in 33132: $967/sqft in 2026-W30 to $975/sqft in 2026-W31.
This history is computed from our own recorded market snapshots, not backfilled estimates.
n=77 · 2026-07-28 · Methodology
ZIP vs city price level
Active listings like this in ZIP 33132 show a median asking $975/sqft — 127.9% above the Miami median asking of $428/sqft.
n=74 · 2026-07-28 · Methodology
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.
Observed price & status history
Asking price reduced from $1,280,000 to $1,090,000.
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-28 · Methodology
The data relating to real estate listings on this website comes in part from the participating MLS via Bridge API. Information is deemed reliable but not guaranteed and should be independently verified. Listings are provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties.