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ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A12086164
$489,000

398 NE 5th Street 1902, Miami, FL 33132

Beds
0
Baths
1
Sqft
430
Est. payment$3,451/mo
Home type
Condominium
Year built
2022
Lot size
—
Price / sqft
$1,137
HOA
$669/mo
Community
The Elser Hotel Miami

Property description

PRICED TO SELL — AND PRICED AGAINST CLOSED SALES, NOT ASKING PRICES. Residence 1902 at The Elser: a north-facing studio on the 19th floor, fully furnished and turnkey, furniture package conveys. 9'2" ceilings and floor-to-ceiling glass frame the Downtown skyline north toward Edgewater. Italkraft cabinetry, quartz countertops, stainless steel appliances, in-unit full-size washer/dryer, keyless entry and Ecobee smart thermostat. Daily short-term rentals or annual leases both permitted — and twelve months of operator statements are available to qualified buyers, so this residence is underwritten on documented revenue, occupancy and ADR rather than projections. Building amenities: 132-foot bayfront pool deck, two-story fitness center, two-level co-working Lab with reservable conference rooms, lobby bar and restaurant called ViseVersa, concierge and valet. HOA includes Wi-Fi and cable. Two blocks to Miami Worldcenter; walk to Kaseya Center, Brightline, Bayside and the Port of Miami.

Listing activity

Days on market
9
Listed
Sep 9, 2026
MLS listing updated
Sep 18, 2026
Feed last checked
6 minutes ago

Listed by Zachary A Freedman · Pink Miami Real Estate

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
0
Bathrooms
1
Bathrooms (decimal)
1
Full bathrooms
1
Half bathrooms
0

Rooms & features

Rooms
0
Flooring
Other
Appliances
Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer

Heating & cooling

Heating
None
Cooling
Central Air
Property

Parking

Garage spaces
1
Garage
Yes
Covered spaces
1

Exterior

Stories
49
Building area
430 sqft
Entry level
1
View
Bay, Other
Waterfront
None, Bay
Waterfront property
Yes
Construction

Type & style

Home type
Condominium
Year built
2022
New construction
No

Materials

Construction
Block
Property condition
Resale
Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision
The Elser Hotel Miami
MLS area
2420
Security
Key Card Entry, Security System
Pets allowed
Yes
55+ community
No

Association

Has association
Yes
Association fee
$2,006 quarterly
Estimated monthly dues
$669
Amenities
Maintenance, Pool, Elevator(s), Fitness Center, Sauna, Spa/Hot Tub, Other
Lease details

Not reported by the listing source.

Location

Area details

City
Miami
County
Miami-Dade
ZIP code
33132
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12086164
Possession
Negotiable
Original list price
$495,000
Parcel number
0141370780400
Annual property tax
$0
Tax year
2025
Tax legal description
398 NE 5TH STREET CONDO UNIT 1902 UNDIV 0.1089% INT IN COMMON ELEMENTS OFF REC 33416-1520
Additional MLS details

Reported by the listing source

Association Amenities
Maintenance, Pool, Elevator(s), Fitness Center, Sauna, Spa/Hot Tub, Other
Association Fee Frequency
Quarterly
Association
Yes
Bathrooms Total Decimal
1
Bathrooms Total Integer
1
Building Area Total
430
Construction Materials
Block
County Or Parish
Miami-Dade
Days On Market
9
Elementary School
Frederick Douglass
High School
Booker T. Washington
List Price
489000
Listing Contract Date
2026-09-09
Living Area
430
MLSArea Major
2420
Middle Or Junior School
Jose De Diego
Mls Status
Active
On Market Date
2026-09-09
Photos Count
31
Postal Code
33132
Price Change Timestamp
2026-09-11T23:20:29Z
Property Sub Type
Condominium
Property Type
Residential
Rooms Total
0
Security Features
Key Card Entry, Security System
Senior Community
No
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-09-09T04:00:00Z
Stories Total
49
Subdivision Name
The Elser Hotel Miami
Waterfront Features
None, Bay
Tax Annual Amount
0
Bathrooms Full
1
Bedrooms Total
0
Bathrooms Half
0
Financial Information: Estimated Monthly Assoc Recurring Fee
669

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Sep 9, 2026ListedMIAMI REALTORS® MLS$495,000$1,151/sqft
Sep 11, 2026Price reducedMIAMI REALTORS® MLS$489,000$1,137/sqft

Public tax history

YearProperty taxesAssessment
2025$0—

Payment calculator

Estimated monthly payment$3,451/moIllustrative estimate, not a loan offer.
Principal & interest
$2,537
Property taxes
$0
Insurance
$245
Association dues
$669

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

The Elser Hotel Miami

Miami · Miami-Dade County · 33132

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Frederick DouglassElementary
—
Jose De DiegoMiddle
—
Booker T. WashingtonHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

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MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of Pink Miami Real Estate. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.