398 NE 5th Street # 1715, Miami FL 33132, Miami
$699,900
Miami, FL, 33132
Property details
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 560 sqft
- Year built
- 2022
- Type
- Condominium
- Association fee
- $862 / monthly
- Days on market
- 166
- MLS #
- R11151415
Listing courtesy of Linart Realty, LLC · 954-866-8936. Listing agent: Arthur Covas. MLS data last updated 2026-06-20.
Description
This true 1-bedroom, 1-bath residence offers 560 sq. ft. of thoughtfully designed living space with captivating views of Biscayne Bay and the Downtown Miami skyline. Located at The Elser Residences in the heart of Downtown Miami, steps from entertainment, art, culture, dining, shopping, and nightlife. Just minutes from the beaches and directly across from the Kaseya Center, home of the Miami Heat. Fully furnished with a modern gourmet kitchen. Licensed for full-time living as well as short- and long-term rentals. A professional management company is already in place, offering a seamless turnkey investment or primary residence opportunity.
398 NE 5th Street # 1715, Miami FL 33132, Miami — for sale, listed for $699,900 (1 bed, 1 bath, 560 sqft).
$1,250/sqft · 94% percentile · based on 1,625 1-bed listings for sale in miami (median $553/sqft).
Run the numbers
How is this priced?
At $1,250 per square foot, this listing sits at the 94% percentile of the 1,625 comparable 1-bed listings for sale in miami on the market right now.
The current median for that group is $553/sqft, so this asking price is above the middle of its market.
n=1,625 · 2026-07-26 · Methodology
Debut pulse
10 debuts in 1 recorded weeks among 1-bed listings for sale in miami with entry asking prices $145,000–$649,000 — the supply side of this segment as we observed it.
n=10 · 2026-07-26 · 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 · 2026-07-26 · 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.
Are sellers cutting prices here?
38% of the 1,665 active 1-bed listings for sale in miami have reduced their asking price at least once — a direct read on seller flexibility in this segment.
n=1,665 · 2026-07-26 · Methodology
Asking price vs segment median
$699,900 asks 60.9% above the $435,000 median across 1,665 1-bed listings for sale in Miami.
n=1,665 · 2026-07-26 · Methodology
Browse this price segment
n=2,620 · 2026-07-26 · Methodology
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-26 · Methodology
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