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For sale
    • Price cut: $40K (7/10)
    $1,190,000

    398 NE 5th Street #2118, Miami, FL 33132

    3beds
    1,135sqft
    : 
    $9,378/mo
    Get pre-qualified
    Condominium
    Built in 2022
    -- sqft lot
    $1,138,200 Zestimate®
    $1,048/sqft
    $1,560/mo HOA

    What's special

    Designer finishesFloor-to-ceiling windowsRooftop infinity poolSmart home tech
    Sophisticated Fully Furnished 3BR/3BA Corner Unit Residence at The Elser Hotel & Residences. Discover unmatched luxury in thisDowntown Miami turnkey unit, featuring floor-to-ceiling windows and a 180-degree balcony showcasing panoramic Biscayne Bay and city skyline vistas. Highlights include a gourmet kitchen with premium appliances, 9'2'' ceilings, smart home tech, and designer finishes. Ideal for investors (unrestricted short-term rentals) or full-time luxury living. Building amenities: rooftop infinity pool, 24/7 concierge, valet, and fitness center. Steps from Bayfront Park, Michelin-starred dining, and Biscayne Boulevard's vibrant scene. A rare blend of elegance, location, and investment potential. Schedule your private tour today!
    43 days
    |
    128
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Arthur Covas PA 561-235-6804,

    Linart Realty, LLC

    Source: BeachesMLS,MLS#: B26041166MLS LogoOriginating MLS: BeachesMLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bathrooms: 3
      • Main level bedrooms: 3
      Primary bedroom
      • Level: Main
      • Area: 168
      • Dimensions: 12 X 14
      Kitchen
      • Level: Main
      • Area: 80
      • Dimensions: 10 X 8
      Living room
      • Level: Main
      • Area: 224
      • Dimensions: 14 X 16
      Heating
      • Central, Electric
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer
      • Laundry: Washer Hookup, Inside, Laundry Closet, Washer Dryer Install Allowed
      Features
      • Kitchen/Dining Combo, Living/Dining Room, Split Bedrooms, Separate Shower, Walk-In Closet(s)
      • Flooring: Ceramic Tile
      • Windows: Blinds, Sliding
      • Has fireplace: No
      • Furnished: Yes
      Interior area
      • Total structure area: 1,237
      • Total interior livable area: 1,135 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: Assigned, Attached, Garage, Guest, Valet
      • Attached garage spaces: 1
      Accessibility
      • Accessibility features: None
      Features
      • Levels: One
      • Stories: 1
      • Entry location: Entry Level Living Area Y
      • Patio & porch: Open, Wrap Around, Balcony
      • Exterior features: Balcony, Outdoor Living Area
      • Pool features: Association
      • Has view: Yes
      • View description: Bay, City, Water
      • Has water view: Yes
      • Water view: Bay,Water
      • Waterfront features: None, Ocean Front
      Details
      • Parcel number: 0141370785860
      • Zoning: RES
      • Special conditions: Standard,Listed As-Is

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Contemporary
      • Property subtype: Condominium
      Materials
      • Concrete
      • Foundation: Slab
      • Roof: Concrete
      Condition
      • Resale
      • New construction: No
      • Year built: 2022

      Utilities & green energy

      • Electric: 3 Phase
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected, Electricity Connected, Sewer Available, Water Available

      Community & HOA

      Community
      • Features: Property Manager On-Site
      • Security: Security System, Building Security, Key Card Entry, Smoke Detector(s)
      • Subdivision: THE ELSER
      HOA
      • Has HOA: Yes
      • Amenities included: Clubhouse, Fitness Center, Management, Pool, Parking, Restaurant
      • Services included: Cable TV, Insurance, Legal/Accounting, Maintenance Grounds, Pool(s), Reserve Fund, Sewer, Trash, Water, Internet
      • HOA fee: $1,560 monthly
      • HOA name: RealManage Elevated Onsite
      • HOA phone: 786-940-7848
      Location
      • Region: Miami

      Financial & listing details

      • Price per square foot: $1,048/sqft
      • Tax assessed value: $1,078,997
      • Annual tax amount: $21,109
      • Date on market: 6/15/2026
      • Cumulative days on market: 250 days
      • Listing terms: Cash,Conventional
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        $1,138,200

        $1.08M - $1.20M

        $6,959/mo

        Price history

        DateEventPrice
        7/10/2026Price change$1,190,000-3.3%$1,048/sqft
        Source: BeachesMLS #B26041166 Report a problem
        6/15/2026Price change$1,230,000-1.6%$1,084/sqft
        Source: BeachesMLS #B26041166 Report a problem
        3/6/2026Listed for sale$1,250,000-2.3%$1,101/sqft
        Source: BeachesMLS #RX-11169314 Report a problem
        2/13/2026Listing removed$7,250$6/sqft
        Source: BeachesMLS #R11112617 Report a problem
        2/12/2026Listing removed$1,279,000$1,127/sqft
        Source: BeachesMLS #RX-11128824 Report a problem
        1/14/2026Listed for rent$7,250$6/sqft
        Source: BeachesMLS #R11112617 Report a problem
        1/14/2026Price change$1,279,000-1.5%$1,127/sqft
        Source: BeachesMLS #RX-11128824 Report a problem
        1/1/2026Listing removed$7,250$6/sqft
        Source: BeachesMLS #R11112617 Report a problem
        11/24/2025Price change$7,250-9.4%$6/sqft
        Source: BeachesMLS #R11112617 Report a problem
        11/16/2025Price change$8,000+15.9%$7/sqft
        Source: BeachesMLS #R11112617 Report a problem
        10/30/2025Listed for rent$6,900-10.4%$6/sqft
        Source: BeachesMLS #R11112617 Report a problem
        10/30/2025Listing removed$7,700$7/sqft
        Source: MIAMI #A11797388 Report a problem
        10/8/2025Price change$1,299,000-3.7%$1,144/sqft
        Source: BeachesMLS #RX-11128824 Report a problem
        10/2/2025Listed for sale$1,349,000-2.2%$1,189/sqft
        Source: BeachesMLS #RX-11128824 Report a problem
        8/5/2025Price change$7,700+10%$7/sqft
        Source: MIAMI #A11797388 Report a problem
        8/3/2025Price change$6,999-9.1%$6/sqft
        Source: BeachesMLS #R11112617 Report a problem
        8/1/2025Listing removed$1,379,000$1,215/sqft
        Source: BeachesMLS #RX-11065760 Report a problem
        6/14/2025Listed for rent$7,700+2.7%$7/sqft
        Source: MIAMI #A11797388 Report a problem
        6/14/2025Listing removed$7,500$7/sqft
        Source: BeachesMLS #R11066049 Report a problem
        6/6/2025Price change$7,500-8.5%$7/sqft
        Source: BeachesMLS #R11066049 Report a problem
        5/28/2025Price change$8,200+6.5%$7/sqft
        Source: BeachesMLS #R11066049 Report a problem
        5/12/2025Listed for sale$1,379,000+8.8%$1,215/sqft
        Source: BeachesMLS #RX-11065760 Report a problem
        5/6/2025Listed for rent$7,700-14.4%$7/sqft
        Source: MIAMI #A11797388 Report a problem
        5/4/2025Listing removed$8,999$8/sqft
        Source: BeachesMLS #R11066049 Report a problem
        4/21/2025Listed for rent$8,999$8/sqft
        Source: BeachesMLS #R11066049 Report a problem
        6/18/2024Sold$1,267,300$1,117/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$21,988 -6.4%$1,078,997 -8%
        2024$23,495 -9.4%$1,172,823 -7%
        2023$25,924 $1,261,100
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Downtown

        Getting around

        97 / 100
        Walker's Paradise
        100 / 100
        Rider's Paradise
        79 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Frederick Douglass
        • Middle: Jose De Diego
        • High: Booker T. Washington

        Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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