Condominium
398 NE 5th St # 1902
398 NE 5th St # 1902, Miami FL 33132
$489,000
0 Beds · 1 Bath · 430 SqFt
See estimated monthly costThis listing is courtesy of Pink Miami Real Estate. Zachary Freedman
Overview
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 by Jaguar Sun, 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.
Facts & features
Interior
- Living area (sq ft)
- 430
- Full bathrooms
- 1
- First Floor Entry
Building & exterior
- Year built
- 2022
- Garage spaces
- 1
- Covered spaces
- 1
- Waterfront
- Yes
- Bay
- Other View
- 1 Space
HOA (homeowners association)
- Association fee
- $6,000 per year
- Pets allowed
- Yes
- Elevator(s)
- Exercise Room
- Other
- Pool
- Sauna
- Spa/Hot Tub
- Daily Rentals Allowed
- Okay To Lease 1st Year
Taxes
- Annual tax
- $0
- Tax year
- 2025
- Parcel number
- 01-41-37-078-0400
Listing
- MLS number
- A12086164
- Property type
- Condominium
- Price per SqFt
- $1,137
- Subdivision
- The Elser Hotel Miami
- On market since
- Sep 9, 2026
- Days on market
- 0
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Sep 9, 2026 | Listed | $495,000 | — |
| Sep 11, 2026 | Price change | $489,000 | −$6,000 (−1.2%) |
Milestones recorded on this listing. Not a complete MLS price history.
Estimated monthly cost
$3,339 per month
- Principal & interest (30 yr)
- $2,473
- Property tax
- $0
- Insurance (estimated)
- $367
- Association fee
- $500
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- New World School of the Arts
- School For Advanced Studies Wolfson
- Law Enforcement Officers Memorial Senior High
- Downtown Miami Charter School
- School Board Adm - Main Building
- Anna Brenner Meyers Telecommunication Complex
- K-12 Distance Learning
- iPrep Academy
- Primary Learning Center
- Miami-Dade Online Academy
- Key Point Academy Downtown
- School Board Adm -Garage
- The Learning World Academy in Downtown
- KLA Schools of Brickell
- RJW The Academy of Arts Sciences
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Comparables in this building
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