$1,225,000

398 5th St #2118, Miami, FL 33132

Bedrooms
3
Baths
3
Living area
1,135 ft²
Price per ft²
$1,079 / ft²
Type
Condo
Year built
2022
HOA
$1,560 / mo HOA
On market
49 days on market
MLS #
A12071480

Experience the ultimate in turnkey Miami luxury at this sophisticated 3-bedroom, 3-bathroom corner residence at The Elser Hotel & Residences. Designed for effortless living and exceptional flexibility, this fully furnished home pairs dramatic architecture with sweeping views and the rare opportunity to enjoy a residence that can also generate income.Floor-to-ceiling windows frame spectacular 180-degree views of Biscayne Bay, the Miami skyline, and the city’s ever-changing energy,Inside, refined contemporary interiors feature 9'2" ceilings, designer finishes, smart-home technology, and a chef-inspired kitchen outfitted with premium appliances. The open-concept layout, generous bedrooms, and elegant furnishings create a sophisticated retreat that feels equally at home as a private residence or a high-end income-producing property. But the experience extends far beyond your front door. The Elser delivers a resort-inspired collection of amenities designed to make everyday life feel like a vacation—including a spectacular rooftop infinity pool with panoramic city and bay views, 24-hour concierge service, valet parking, a state-of-the-art fitness center, and thoughtfully curated outdoor spaces Located in the heart of Downtown Miami, you're moments from Bayfront Park, Biscayne Boulevard, world-class dining, nightlife, entertainment, cultural destinations, and the waterfront, placing the best of the city directly outside your door.This is Miami living—elevated

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $1,079. The median for recorded sales in the same ZIP codes is $838/ft² — putting it 29% above the median.
  • Position in the area’s price distributionThe asking price is $1,225,000; the median of recorded sales in the area is $525,000 (1,796 sales). On raw price that is 133% above the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $1,560 per month comes to $18,720 a year — 1.5% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33128, 33131, 33132 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$367,500
Term

7.03% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 24, 2026.

Estimated monthly payment$5,722
Loan amount
$857,500
Total interest over the term
$1,202,512
Total repaid
$2,060,012

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Miami Property Shop

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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