398 NE 5th St # 4409, Miami FL 33132, Miami
$8,250
Miami, FL, 33132
Property details
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,202 sqft
- Year built
- 2022
- Type
- Condominium
- Days on market
- 241
- MLS #
- A11899679
Listing courtesy of Majestic Properties LLC · 305-988-2269. Listing agent: Angelica Gomez. MLS data last updated 2026-07-21.
Description
Experience oceanfront luxury in this spacious 2-Bedroom/2-bathrooms Ocean View condo at The Elser Miami. Features a King and Queen bedroom, fully equipped modern kitchen with Italian cabinetry and quartz countertops, spa-inspired ensuite baths, and comes fully furnished and stocked in a breezy coastal style. Located in the heart Downtown Miami, an epicenter of culture, fashion, dining, art, and entertainment. From waterfront parks to world-class restaurants and nightlife
398 NE 5th St # 4409, Miami FL 33132, Miami — for rent, listed for $8,250 (2 bed, 2 bath, 1,202 sqft).
186 2-bed rentals in 33132 · median $4,750.
Competition for this listing
Right now: 186 active 2-bed rentals in 33132, median asking price $4,750, median $4/sqft.
n=186 · 2026-07-29 · Methodology
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 · 2026-07-29 · Methodology
ZIP vs city price level
Active listings like this in ZIP 33132 show a median asking $4/sqft — 41.4% above the Miami median asking of $3/sqft.
n=177 · 2026-07-29 · Methodology
Market trend (our weekly archive)
Our weekly snapshot archive tracks the median for 2-bed rentals in 33132: $4/sqft in 2026-W30 to $4/sqft in 2026-W31.
This history is computed from our own recorded market snapshots, not backfilled estimates.
n=184 · 2026-07-29 · Methodology
Run the numbers
Browse this price segment
n=993 · 2026-07-29 · 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.
Price-reduction climate
27% of 186 active 2-bed rentals in 33132 are listed below their original asking price.
n=186 · 2026-07-29 · Methodology
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-29 · 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.