398 NE 5th St # 1615, Miami FL 33132, Miami
$790,000
Miami, FL, 33132
Property details
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 560 sqft
- Year built
- 2022
- Type
- Condominium
- Association fee
- $1,756 / quarterly
- Days on market
- 13
- MLS #
- A12061775
Listing courtesy of MRI Realty Group · 786-280-2600. Listing agent: Hans Baumgartner Perez. MLS data last updated 2026-08-11.
Description
Experience the ultimate blend of luxury, flexibility, and investment potential at The Elser Hotel & Residences in the heart of Downtown Miami. This beautifully furnished 1-bedroom, 1-bathroom residence offers a thoughtfully designed living space with spectacular city and Biscayne Bay views. Delivered fully furnished and turnkey, the residence is ready for immediate personal enjoyment or income generation from day one. Perfectly positioned directly across from Bayside Marketplace, Bayfront Park, Kaseya Center, and PortMiami, you'll be at the center of Miami's most vibrant entertainment, dining, shopping, and tourism district. With short-term rentals permitted, this residence presents an exceptional opportunity for investors seeking strong rental demand and maximum flexibility. Residents enjoy world-class amenities, resort-style services, and one of the most sought-after addresses for both visitors and owners. Whether you're looking for a vacation home, an investment opportunity, or both, this is a rare opportunity to own a turnkey residence in one of Miami's fastest-growing neighborhoods. Don't miss your chance to own a condo in one of Downtown Miami's premier luxury buildings. Schedule your private showing today!
398 NE 5th St # 1615, Miami FL 33132, Miami — for sale, listed for $790,000 (1 bed, 1 bath, 560 sqft).
$1,411/sqft · 91% percentile · based on 300 1-bed listings for sale in 33132 (median $683/sqft).
Current market segment
Right now: 308 active 1-bed listings for sale in 33132, median asking price $525,000, median $683/sqft.
n=308 · 2026-08-14 · Methodology
Run the numbers
Asking price vs segment median
$790,000 asks 50.5% above the $525,000 median across 308 1-bed listings for sale in ZIP 33132.
n=308 · 2026-08-14 · Methodology
How is this priced?
At $1,411 per square foot, this listing sits at the 91% percentile of the 300 comparable 1-bed listings for sale in 33132 on the market right now.
The current median for that group is $683/sqft, so this asking price is above the middle of its market.
n=300 · 2026-08-14 · Methodology
Local market report
Price-reduction climate
38% of 308 active 1-bed listings for sale in 33132 are listed below their original asking price.
n=308 · 2026-08-14 · Methodology
Availability in The Elser
89 listings are currently active in this building across 78 distinct units (41 × 1-bed, 10 × 2-bed, 19 × 3-bed, 19 × studio).
n=89 · 2026-08-14 · Methodology
Browse this price segment
n=2,660 · 2026-08-14 · Methodology
Market intelligence recomputed weekly from the full live MLS feed · 2026-08-14 · Methodology
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