398 NE 5th St # 3901, Miami FL 33132, Miami
$1,099,000
Miami, FL, 33132
Property details
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 1,150 sqft
- Year built
- 2022
- Type
- Condominium
- Association fee
- $1,769 / monthly
- Days on market
- 408
- MLS #
- A11790416
Listing courtesy of RGI Realty · 305-812-8688. Listing agent: Roberta Ingletto. MLS data last updated 2026-04-13.
Description
An elegant, high-floor residence created for those who want to experience Miami with ease without the responsibilities of full-time ownership. Perfectly positioned in Downtown Miami, this turnkey unit functions as a refined pied-à-terre for buyers who value proximity to Brickell, Miami Beach, the Design District, and the airport, making arrivals and departures effortless. Whether used as a personal retreat or a flexible city base, the location offers unmatched connectivity to Miami’s most vibrant neighborhoods. When not in residence, owners may participate in professionally managed short-term rental programs, allowing the property to generate income in a fully hands-off manner. This structure is ideal for buyers who prefer simplicity and professional oversight rather than day-to-day rental operations. This is not a traditional investment property, it is a lifestyle-driven asset designed for those seeking flexibility, convenience, and optional revenue without operational complexity. Vacant and available for private showings.
398 NE 5th St # 3901, Miami FL 33132, Miami — for sale, listed for $1,099,000 (3 bed, 3 bath, 1,150 sqft).
Run the numbers
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
Priced like this listing
The 4 active listings closest in price within the same market segment:
Browse this price segment
n=1,523 · 2026-07-29 · Methodology
Observed price & status history
Asking price reduced from $1,300,000 to $1,099,000.
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.
ZIP vs city price level
Active listings like this in ZIP 33132 show a median asking $983/sqft — 130.6% above the Miami median asking of $426/sqft.
n=73 · 2026-07-29 · Methodology
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-29 · Methodology
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