Condo in 398 NE 5th Street 1902, Miami, FL 33132 for sale with MLS# A12086164

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.

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398 NE 5th Street 1902, Miami, FL 33132

Price
Price:
$489,000.00
Original List Price:
$495,000.00
List Price per Sq Ft (Calculated, Approx.):
$1,137.2
More Listings Same Building:
The Elser Miami in 398 5th St Miami
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Condominium
Description of Last Important Update:
Price Reduced
Last Major Update on:
September 11, 2026 11:20 pm
Other Special Conditions:
Sold As-is
Rooms Distribution
Bathrooms Total:
1
Full Bath:
1
Master Bedroom Bath:
Master Bdrm - Ground
Dining Area:
Dining/Living Room
Measures
Living Area:
430 Sqft
Built-Up Area:
430 Sqft
Property Features
View from the Property:
Bay, Other
Waterfront:
Yes
Waterfront Features:
None, Bayfront
Security:
Key Card Entry, Security System
Appliances:
Dryer, Dishwasher, Microwave, Refrigerator, Washer, Oven
Air Conditioning
Air Conditioning System:
Central Air
Unit Description:
High Rise
Storm Protection Impact Glass:
Partial
Construction
Year Built:
2022
Levels:
Two
Entry Level (floor):
1
Construction Materials:
Block
Flooring:
Other
Number of stories:
49
Flood Zone Code:
X
Property Condition:
Resale
Taxes and Expenses
Tax Year:
2025
Association Fee:
$6,000.00
Association Fee Frequency:
Annually
Property Tax Details:
City/County
Parking
Garage
Garage Spaces:
1
Covered Spaces:
1
Community
Association
Application Required
Application Fee:
$150.00
Application Information:
1-2 Weeks Approval
Association Type:
Condominium
Pets Allowed?
Lease Number Times per Year Allowed:
12
Amenities Provided by the Homeowner's Association (HOA):
Pool, Sauna, Spa/hot Tub, Other, Maintenance, Elevator(s), Fitness Center
Subdivision Name:
The Elser Hotel Miami
Senior Community:
No
Minimum Days per Lease:
30
Leasing Permitted
Leasing Permitted Details:
Okay To Lease During First Year, Short Term Rentals Allowed
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Negotiable
Zoning and Legal
Tax Legal Description:
398 NE 5TH STREET CONDO UNIT 1902 UNDIV 0.1089% INT IN COMMON ELEMENTS OFF REC 33416-1520
Real Estate Folio Number (Parcel Number):
0141370780400
Public Schools Assigned
Elementary School:
Mae M. Walters
High School:
Booker T. Washington
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
September 9, 2026
Listing Agreement executed on:
September 9, 2026
Price change occurred on:
September 11, 2026 11:20 pm
Listing Status Last Changed On:
September 9, 2026 4:00 am
Photos updated on:
September 16, 2026 7:49 pm
Last Modified:
September 16, 2026 7:50 pm
Additional Information
Courtesy of:
Pink Miami Real Estate
Attribution:
Not provided
Location
Floor Number:
19
Street Name:
5th
Street Number:
398
Unit Number:
1902
City:
Miami
State:
Florida
Zip Code:
33132
County:
Miami-Dade
Latitude:
N25° 46' 44''
Longitude:
W81° 48' 38.5''
Street Suffix:
Street
Street Direction Prefix:
NE
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $109,505
Median Home Value $545,100
Median Rent $2,534/mo
Median Age 34
Population 18,244

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 50 Good
☀️ O3 30 Good
🫁 PM2.5 50 Good
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Association of REALTORS®
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