$1,500,000
SOLD FEB 28, 2025

The Elser 398 NE 5th St Unit 4209 Miami, FL 33132

Downtown Miami Neighborhood
2 Beds
2 Baths
983 Sq Ft
$1,202/mo HOA Fee

Recently Sold

$1,526 Per Sq Ft

19% Below List Price

71 Days on Market

Highlights

  • Valet Parking
  • 3-minute walk to College/Bayside
  • Fitness Center
  • Property Fronts a Bay or Harbor
  • Bar or Lounge
  • New Construction

About This Home

As of February 2025

The Elser Hotel & Residences is positioned in Miami's most magnetic locale, downtown Miami. The brand-new, move-in-ready condo building offers a lively dynamic lifestyle for tastemakers of every stripe. Enjoy access to an abundance of well-appointed amenities and direct proximity to world-class entertainment, arts, and dining. The Elser Hotel & Residences comes equipped with the latest in smart home technology and amenities including a double-height pool deck with a 132 ft resort-style pool, a two-level modern gym and fitness studio, an outdoor yoga deck, and a lawn with unobstructed stunning Biscayne Bay and downtown city views.

Last Agent to Sell the Property

Elica Betancourt

London Foster Realty License #3510481

London Foster Realty

Last Buyer's Agent

Thomas Kane

LoKation License #3500990

LoKation

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $30,181

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Property Fronts a Bay or Harbor
  • East Facing Home

HOA Fees

  • $1,202 Monthly HOA Fees

Home Design

  • Condo Hotel
  • Concrete Block With Brick
  • Concrete Block And Stucco Construction

Interior Spaces

  • 983 Sq Ft Home
  • Furnished
  • Skylights
  • Blinds
  • Entrance Foyer
  • Family Room
  • Open Floorplan
  • Storage Room
  • Tile Flooring
  • Bay Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

Parking

  • Attached Garage
  • Secured Garage or Parking
  • On-Street Parking
  • Open Parking

Outdoor Features

  • Deck
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-37-078-3010

Community Details

Overview

  • 646 Units
  • High-Rise Condominium
  • The Elser Condos
  • 398 Ne 5Th Street Subdivision
  • 49-Story Property

Amenities

  • Valet Parking
  • Community Barbecue Grill
  • Sauna
  • Trash Chute
  • Clubhouse
  • Business Center
  • Bar or Lounge
  • Elevator

Recreation

  • Fitness Center
  • Heated Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Card or Code Access
  • Secure Elevator
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$30,181

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$1,202 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2022
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Directions: Text listing agent.
  • Entry Level: 42
  • Road Frontage Type: Bay
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: 398 NE 5TH STREET
  • Year Built Details: Condo-Hotel
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Closet Cabinetry, Entrance Foyer, Skylight, Walk-In Closet(s), Family Room, Storage, Utility Room/Laundry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Tile
  • Furnished: Furnished
  • Living Area: 983
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Stories: 49
  • Window Features: Clear Impact Glass, Skylight, Blinds, High Impact Windows
  • Bedroom Features: Other
  • Dining Room Features: Dining/Living Room, Kitchen Dining
  • Living Room Features: Family Room, Storage Room, Utility Room/Laundry
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Bay
  • Exterior Features: Barbeque
  • Construction Type: Concrete Block With Brick, CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: The Elser
  • Open Parking: Yes
  • Parking Features: On Street, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry, Washer/Dryer Hook-Up
  • Security: Fire Alarm, Smoke Detector, Elevator Secure, Card Entry, Secured Garage/Parking, Guard At Site

Condo/Co-op/Association

  • Association Fee: 1202
  • Amenities: Bar, Barbecue, Business Center, Clubhouse-Clubroom, Elevator(s), Exercise Room, Exterior Lighting, Heated Pool, Other, Pool, Sauna, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-37-078-3010
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 646
  • Number Of Units Total: 646

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 30181

Map

About The Elser

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $1,500,000 -19.2% $1,526 / Sq Ft
12/19/2024 12/19/24 For Sale $1,857,000 -- $1,889 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $30,181 $1,468,200 -- --
2023 $30,181 $1,394,790 -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,500,000 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,500,000 None Listed On Document
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11712356

MIAMI REALTORS® MLS

APN: 01-4137-078-3010

Florida Miami/Dade County Miami 33132 Downtown Miami

398 NE 5th St Unit 4209, Miami, FL

Homes for Sale in Miami, FL

This home is located at 398 NE 5th St Unit 4209, Miami, FL 33132 and is currently priced at $1,500,000, approximately $1,525 per square foot. This property was built in 2022. 398 NE 5th St Unit 4209 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.

MIAMI REALTORS® MLS 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.