398 NE 5th St # 4412, Miami FL 33132, Miami
$517,000
Miami, FL, 33132
Property details
- Bedrooms
- 0
- Bathrooms
- 1
- Living area
- 341 sqft
- Year built
- 2022
- Type
- Condominium
- Association fee
- $474 / monthly
- Days on market
- 61
- MLS #
- A11995616
Listing courtesy of Miami Masterpiece · 786-728-9127. Listing agent: Carla Ruiz Contreras. MLS data last updated 2026-04-07.
Description
Experience elevated urban living in the heart of Downtown Miami at The Elser Hotel Residences. This fully furnished studio showcases breathtaking panoramic views of Biscayne Bay and the Miami skyline from a high-floor vantage point. Designed for both lifestyle and investment, this condo-hotel unit offers a seamless blend of luxury, flexibility, and income potential. Owners benefit from short-term rental permissions, making it an exceptional opportunity for investors seeking strong returns in one of Miami’s most dynamic locations. Residents and guests enjoy resort-style amenities including a heated pool, bar, valet service, and secured lobby, all within walking distance to world-class dining, entertainment, cultural venues, and waterfront attractions. A rare opportunity to own a turnkey property in a prime Downtown Miami location with unmatched rental versatility and lifestyle appeal.
398 NE 5th St # 4412, Miami FL 33132, Miami — for sale, listed for $517,000 (0 bed, 1 bath, 341 sqft).
$1,516/sqft · 76% percentile · based on 119 studio listings for sale in 33132 (median $1,253/sqft).
Run the numbers
ZIP vs city price level
Active listings like this in ZIP 33132 show a median asking $1,253/sqft — 15.9% above the Miami median asking of $1,081/sqft.
n=119 · 2026-07-28 · Methodology
Asking price vs the market
Compared with the other 119 studio listings for sale in 33132, this home asks $1,516/sqft — the group median is $1,253/sqft.
That places it above the market midpoint (76% percentile).
n=119 · 2026-07-28 · 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 · 2026-07-28 · Methodology
Closest-priced alternatives
The 4 active listings closest in price within the same market segment:
Competition for this listing
Right now: 136 active studio listings for sale in 33132, median asking price $468,500, median $1,253/sqft.
n=136 · 2026-07-28 · 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.
Browse this price segment
n=3,294 · 2026-07-28 · Methodology
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-28 · Methodology
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