For saleActiveListed Feb 21, 2026 · 241 days
$1,335,000

398 NE 5th St #3811, Miami, FL 33132

2 beds2 baths818 sq ft$1,632 per sq ftBuilt 2024

As of , this 2 bedroom, 2 bath condo at The Elser Hotel & Residences is for sale at $1,335,000 ($1,632 per sq ft). It was listed on .

MLS data updated .

Key facts

Type
Condo
Year built
2024
HOA fee
$1,543 / month
Property tax
$23,931 (2025)
Parking
1 garage space
View
Bay, Intracoastal, Water
Waterfront
Yes
Pets
Pets allowed, with restrictions
Cooling
Central Air
Heating
Other
MLS number
A11969815

Listing information

Listing courtesy of COSMORE Florida Corp, 786-536-2344, pruggeri@cosmore.com

Listing agent: Piero Ruggeri, pruggeri@cosmore.com

BeachesMLS. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc.

MIAMI MLS. Listing data from MIAMI MLS (South East Florida Regional MLS). Information is deemed reliable but not guaranteed.

Listing information is provided for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify homes consumers may want to buy or rent.

Listing last changed .

From the listing

Unit 3811 at Elser Hotel & Residences is a stunning 2-bedroom, 2-bathroom residence offering breathtaking bayfront and direct water views. From its elevated position, enjoy spectacular panoramas of the park and Biscayne Bay, with unforgettable sunrises and vibrant city lights at night.The unit is fully furnished and turnkey, ready to be occupied immediately or placed into income production from day one. Floor-to-ceiling windows flood the space with natural light, enhancing the modern design and showcasing the incredible waterfront scenery.Located in one of Downtown Miami’s most desirable buildings, the residence allows short-term rentals, including daily rentals, making it an exceptional opportunity for investors seeking strong income potential, as well as end users who value flexibility.A rare opportunity to own a prime waterfront property with spectacular views and full short-term rental freedom.

The text above is the listing description from the MLS, as written by the listing agent.

The building

The Elser Hotel & ResidencesAs of , The Elser Hotel & Residences has 55 condos for sale, most from $525,000 to $1,449,000, and 24 for rent. The median asking price is $1,411 per sq ft.See all units and prices in this building

The Miami market

As of , the median asking price in Miami is $639,000, or $498 per sq ft, across 8,408 listings for sale. The median listing for sale there has been on the market for 90 days.

Price and status history

Listing date
Days on market
241
Original list price
$1,385,000
Price changes
1
DateEventPrice
Price changed$1,385,000 → $1,335,000
Listed$1,385,000

From the MLS. RealVista does not show sold prices.

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