398 NE 5th Street 2403, Miami, FL 33132

$410,000

Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 490 Status: Active Under Contract

Current Price: $410,000 List Date: 1/22/2026 Last Modified: 6/29/2026

Overview

Description

Lowest priced, turnkey largest studio layout at the iconic The Elser. This rare 490 sq ft studio offers a more spacious and functional design than the smaller studio layouts in the building, allowing for a comfortable bedroom setup with the bed facing the TV divider. Ideally located in the heart of Downtown Miami, just steps from world-class dining, entertainment, and cultural destinations. Features include floor-to-ceiling windows, private balcony, fully equipped kitchen, in-unit washer/dryer, and stylish finishes. Enjoy resort-style amenities such as a 132-ft rooftop pool with LED screen, spa, two-story fitness center, sky lounge, co-working spaces, grilling terrace, lobby bar, and 24/7 concierge. Short-term rentals allowed through in-house or approved management.

Listing Details MLS# R11156917

General Property Information

Unit Floor #: 24
Property Sub Type: Condominium
Bedrooms Total: Yes
Bathrooms Total: Yes
Bathrooms Full: Yes
Building Area Main: 490
Building Area Source: Other
Living Area Main: 490
Year Built: 2022
Garage YN: Yes
Garage Spaces: Yes
Covered Spaces: Yes
Gated Community YN: No
Senior Community YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 49
Direction Faces: Southeast
Pool Private YN: No
Spa YN: Yes
Furnished: Furnished
Lot Size Area: 0

Property Features

Association Fee Includes: Common Areas; HVAC Maintenance; Insurance; Maintenance Structure Leasing Permitted Details: Okay To Lease; Short Term Rentals Allowed Parking Features: Assigned; Guest; Garage Property Condition: Resale Spa Features: Heated Special Listing Conditions: Short Sale Appliances: Dishwasher; Dryer; Electric Range; Refrigerator; Washer Construction Materials: CBS; Concrete; Other Cooling: Central Air Association Type: Condominium Heating: Central Interior Features: Built-in Features Laundry Features: Inside Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible; Number Limit Possession: Close Of Escrow; Negotiable Restrictions: Lease Restrictions Security Features: Security System Structure Type: Multi Family Tax Information: City/County; County Only; No Homestead Utilities: Cable Available Water View: Bay; Ocean Waterfront Features: Ocean Front Showing Requirements: 24 Hour Notice; Appointment Only; Occupied Outdoor Living Spaces: Balcony Contingencies: None Room Types: Kitchen; Laundry; Living Room; Master Bedroom

Contract Information

Comp Sale YN: No
Original List Price: 410000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 398
Street Direction Prefix: NE
Street Name: 5th
Street Suffix: Street
Unit Number: 2403
City Name: Miami
State Or Province: FL
Postal Code: 33132
Postal Zip: 33132
Subdivision Name: MAP OF MIAMI DADE CO. FL. PB B-41
Area: 2410
Geographic Area: DADE
Elementary School: Frederick Douglass
Middle Or Junior School: Jose De Diego
High School: Booker T. Washington
Special Assessment YN: No
Parcel Number: 0141370780790
Zoning: 6401
Multiple Offers Accepted: Yes

Financial Information

Association YN: Yes
Association Deposit YN: No
Association Fee: 679.67
Association Fee Frequency: Monthly
Association Membership: Mandatory
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 680
Membership Fee Required YN: No
Tax Annual Amount: 10769.3
Tax Year: 2025
Tax Legal Description: 398 NE 5TH STREET CONDO UNIT 2403 UNDIV 0.1112% INT IN COMMON ELEMENTS OFF REC 33416-1520

Status Change Information

Major Change Timestamp: 2026-02-09T21:26:42Z
Major Change Type: Status Change
Status Change Date: 2026-02-09
Under Contract Type: Active Under Contract
Under Contract Date: 2026-02-09

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes
Short Term Rentals Allowed: Yes

Short Sale Details

Hardship Package: Submitted
Short Sale Addendum: Yes

Main Level Rooms

Main Level Bathrooms: Yes
Main Level Bedrooms: Yes

Storm Protection

Impact Glass: Complete

Room Types

Kitchen Level: Main
Living Room Level: Main
Master Bedroom Level: Main
Kitchen: Yes
Laundry: Yes
Living Room: Yes
Master Bedroom: Yes

Price Calculations

Current Price To SqFt: 836.73

Originating Details

Originating System Key: 20260121170311065852000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Amenities

Cafe/Restaurant: Yes
Elevator(s): Yes
Fitness Center: Yes
Management: Yes
Manager On Site: Yes
Pool: Yes

Association Fee Includes

Common Areas: Yes
HVAC Maintenance: Yes
Insurance: Yes
Maintenance Structure: Yes

Parking Features

Assigned: Yes
Guest: Yes
Garage: Yes

Property Condition

Resale: Yes

Spa Features

Heated: Yes

Special Listing Conditions

Short Sale: Yes

Structure Type

Multi Family: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Utilities

Cable Available: Yes

View

City: Yes

Heating

Central: Yes

Water View

Bay: Yes
Ocean: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Range: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

CBS: Yes
Concrete: Yes
Other: Yes

Interior Features

Built-in Features: Yes

Laundry Features

Inside: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Security Features

Security System: Yes

Waterfront Features

Ocean Front: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Occupied: Yes

Master Bedroom/Bath

None: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Pet Restrictions Possible: Yes
Number Limit: Yes

Restrictions

Lease Restrictions: Yes

Tax Information

City/County: Yes
County Only: Yes
No Homestead: Yes

Outdoor Living Spaces

Balcony: Yes

Contingencies

None: Yes

Room Information

Room Name	Length	Width	Level
Living Room	136.00	126.00	Main
Kitchen	140.00	50.00	Main
Master Bedroom	120.00	126.00	Main
Laundry

Listing Office: Luxe Properties

Last Updated: June - 29 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.