$1,389,900
$10K PRICE DROP

The Elser 398 NE 5th St Unit 2118 Miami, FL 33132

Downtown Miami Neighborhood

Estimated payment $11,201/month

Total Views 1,049
3 Beds
3 Baths
1,135 Sq Ft
$1,225 Price per Sq Ft

Highlights

  • Ocean View
  • 3-minute walk to College/Bayside
  • Impact Glass
  • Furnished
  • Community Spa
  • Separate Shower in Primary Bathroom

About This Home

Sophisticated Fully Furnished 3BR/3BA Corner Unit Residence at The Elser Hotel & Residences. Discover unmatched luxury in this Downtown Miami turnkey unit, featuring floor-to-ceiling windows and a 180-degree balcony showcasing panoramic Biscayne Bay and city skyline vistas. Highlights include a gourmet kitchen with premium appliances, 9'2'' ceilings, smart home tech, and designer finishes. Ideal for investors (unrestricted short-term rentals) or full-time luxury living. Building amenities: rooftop infinity pool, 24/7 concierge, valet, and fitness center. Steps from Bayfront Park, Michelin-starred dining, and Biscayne Boulevard's vibrant scene. A rare blend of elegance, location, and investment potential. Schedule your private tour today!

Listing Agent

Arthur Covas

At Realty LLC License #3277167

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $23,495

Year Built

  • Built in 2022

HOA Fees

  • $1,486 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

  • Ocean
  • Bay

Interior Spaces

  • 1,135 Sq Ft Home
  • Furnished
  • Combination Kitchen and Dining Room
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 01-41-37-078-5860

Community Details

Overview

  • Association fees include common areas, cable TV, HVAC, insurance, maintenance structure, roof, sewer, water
  • The Elser Subdivision
  • 47-Story Property

Recreation

  • Community Spa

Security

  • Resident Manager or Management On Site
  • Card or Code Access
  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$23,495

Year Built

Built in 2022

Lot Details

0

HOA Fees

$1,486 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type Additional: Condominium
  • Directions: Please use GPS.
  • Year Built: 2022
  • Entry Level: 21
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Kitchen/Dining Combo, Split Bedrooms, Separate Shower
  • Furnished: Furnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Tile
  • Living Area: 1135.0
  • Dining Room Type: Laundry
  • Stories: 47
  • Window Features: Impact Glass

Exterior Features

  • View: Bay, Ocean, Water
  • Pool Features: None
  • View: Yes
  • Waterfront Features: Bayfront
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Garage

Utilities

  • Security: Key Card Entry, Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1486.0
  • Community Features: Non-Gated, Property Manager On-Site
  • Senior Community: No
  • Amenities: Management, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, HVAC, Insurance, Maintenance Structure, Roof, Sewer, Water

Lot Info

  • Parcel #: 01-41-37-078-5860
  • Zoning Description: RES

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 23495.0

Map

About The Elser

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $25,924 $1,172,823 -- --
2023 $25,924 $1,198,045 -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2025 04/21/25 Price Changed $8,999 0.0% $8 / Sq Ft
04/12/2025 04/12/25 Price Changed $1,389,900 0.0% $1,225 / Sq Ft
03/13/2025 03/13/25 Price Changed $9,299 -5.1% $8 / Sq Ft
02/26/2025 02/26/25 For Rent $9,799 0.0% --
02/25/2025 02/25/25 For Sale $1,399,900 -- $1,233 / Sq Ft
Source: BeachesMLS

Deed History

Date Type Sale Price Title Company
Special Warranty Deed $1,267,300 None Listed On Document
Special Warranty Deed $1,250,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $812,500 New Conventional
Source: Public Records

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Source: BeachesMLS

MLS Number: R11065760

BeachesMLS

APN: 01-4137-078-5860

Florida Miami/Dade County Miami 33132 Downtown Miami

398 NE 5th St Unit 2118, Miami, FL

Homes for Sale in Miami, FL

This home is located at 398 NE 5th St Unit 2118, Miami, FL 33132 and is currently priced at $1,389,900, approximately $1,224 per square foot. This property was built in 2022. 398 NE 5th St Unit 2118 is a home located in Miami-Dade County with nearby schools including Frederick R. Douglass Elementary, Jose De Diego Middle School, and Booker T. Washington Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Arthur Covas
Listing Agent
Arthur Covas
Section Image
At Realty LLC
(786) 408-8857