398 NE 5th St # 1408, Miami FL 33132, Miami
$520,000
Miami, FL, 33132
Property details
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 430 sqft
- Year built
- 2022
- Type
- Condominium
- Association fee
- $661 / quarterly
- Days on market
- 170
- MLS #
- A11956263
Listing courtesy of Lead Consulting Group LLC · 561-664-8100. Listing agent: Ahmet Dal. MLS data last updated 2026-07-20.
Description
Experience elevated luxury living in the heart of Downtown Miami. Offered fully furnished and move-in ready, this residence boasts stunning, unobstructed views of Biscayne Bay and the Miami skyline. The Elser uniquely allows flexible short-term rentals (daily) as well as annual leases, creating an exceptional opportunity. Interior features include sleek modern finishes, a fully equipped kitchen, king-size bed plus sofa sleeper, in-unit washer/dryer, and smart home technology. Ideally located just steps from the Port of Miami, Kaseya Center, Miami Worldcenter, and Brightline. Enjoy resort-style amenities such as the signature rooftop pool deck, two-story fitness center, and co-working lounge. HOA fees include Wi-Fi and cable.
398 NE 5th St # 1408, Miami FL 33132, Miami — for sale, listed for $520,000 (1 bed, 1 bath, 430 sqft).
1,658 1-bed listings for sale in miami · median $435,000.
Observed price & status history
Asking price reduced from $620,000 to $520,000.
Run the numbers
ZIP vs city price level
Active listings like this in ZIP 33132 show a median asking $688/sqft — 24.4% above the Miami median asking of $553/sqft.
n=291 · 2026-07-30 · 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 · 2026-07-30 · Methodology
Observed absorption
8 1-bed listings for sale in 33132 left the visible market in 1 recorded weeks (38% via under-contract/pending). Average time on market at exit: 139 days.
n=8 · 2026-07-30 · 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.
Current market segment
Right now: 1,658 active 1-bed listings for sale in miami, median asking price $435,000, median $553/sqft.
n=1,658 · 2026-07-30 · Methodology
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-30 · Methodology
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