NOT LISTED FOR SALE

The Elser 398 NE 5th St Unit 3707 Floor 37 Miami, FL 33132

Downtown Miami Neighborhood

Estimated Value: $407,000 - $514,955

1 Bed
1 Bath
442 Sq Ft
2022 Built

Sale Details

Date Sold: July 24, 2025

Last sale price $460,000 $1,041 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,961 / mo

270 Days on Market

Highlights

  • Doorman
  • 3-minute walk to College/Bayside
  • Community Cabanas
  • Ocean View
  • Property fronts an intracoastal waterway
  • Fitness Center

About This Home

As of July 2025

I DARE YOU TO FIND A BETTER DEAL! LOWEST PRICE! NO ASSESSMENTS! BRAND NEW BUILDING! The Elser Residences is located in the vibrant heart of downtown Miami. With the flexibility for short-term rentals managed on top platforms like Airbnb and VRBO. This stylish retreat boasts a fully-equipped kitchen, chic modern furnishings, and a flat-screen TV, blending style with convenience. Enjoy breathtaking views of Miami's intercoastal bay. Enjoy upscale amenities, including a wrap-around pool, a two-story, state-of-the-art gym, valet parking, and more. Its prime location offers easy access to the Bayside Marketplace, Miami Heat Arena, Art District, Brickell, the Port of Miami, parks, and various transit options.

Last Agent to Sell the Property

David Freed

Keller Williams Realty Miami Beach License #3482525 Listed on: 10/27/2024

Keller Williams Realty Miami Beach

Co-Listed By

Samantha Purnell

MMLS Assoc.-Inactive Member License #3484881

Last Buyer's Agent

Maxine Siegler

Miami Property Shop License #3163397

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor

HOA Fees

  • $458 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Electric Vehicle Home Charger

Property Views

Home Design

  • Condo Hotel
  • Entry on the 37th floor

Interior Spaces

  • 442 Sq Ft Home
  • Furnished
  • Built-In Features
  • Blinds
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Studio bedroom
  • Closet Cabinetry
  • 1 Full Bathroom
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-37-078-2280

Community Details

Overview

  • High-Rise Community
  • Elser Condos
  • Map Of Miami Dade Co. Fl. Subdivision
  • 49-Story Property

Amenities

  • Doorman
  • Sauna
  • Clubhouse
  • Business Center
  • Community Center
  • Party Room
  • Secure Lobby

Recreation

  • Community Playground
  • Community Cabanas
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator
  • High Impact Windows
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 2022 | New Construction

Lot Details

0 Sq Ft Lot

HOA Fees

$458 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2022
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: KWMB01
  • Co List Office Phone: 305-695-1112
  • Entry Level: 37
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None,Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: MAP OF MIAMI DADE CO. FL.
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Lobby, Built-in Features, Closet Cabinetry
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Furnished: Furnished
  • Living Area: 442
  • Possible Use: Investment
  • Stories: 49
  • Window Features: Blinds, High Impact Windows, Impact Glass
  • Bedroom Features: Primary Bath Shower, Studio

Exterior Features

  • View: Bay, Intracoastal View, Ocean View
  • Exterior Features: Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Intracoastal Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Elser
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Covered, Electric Vehicle Charging Station(s)

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Doorman, Elevator Secure, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 458
  • Amenities: Business Center, Cabana, Child Play Area, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 01-41-37-078-2280

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12116

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2024
Closed on
Jul 23, 2025
Sold by
Bought by
Seller's Agent
David Freed
Keller Williams Realty Miami Beach
Buyer's Agent
Maxine Siegler
Miami Property Shop
List Price
$620,000
Sold Price
$460,000
Premium/Discount to List
-$160,000
-25.81%
Views
24
Current Estimated Value
$470,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,985
Avg. Annual Appreciation
2.34%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$460,000 Clear Title Group
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/24/2025 07/24/25 Sold $460,000 -7.8% $1,041 / Sq Ft
06/07/2025 06/07/25 Price Changed $499,000 -5.0% $1,129 / Sq Ft
05/27/2025 05/27/25 Price Changed $525,000 -7.6% $1,188 / Sq Ft
04/05/2025 04/05/25 Price Changed $568,000 -1.2% $1,285 / Sq Ft
01/02/2025 01/02/25 Price Changed $575,000 -7.3% $1,301 / Sq Ft
10/27/2024 10/27/24 For Sale $620,000 -- $1,403 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,247 $549,851
2024 $12,116 $578,791
2023 $12,116 $559,930
Source: Public Records

Agents Affiliated with this Home

  • David Freed

    Seller's Agent in 2025

    David Freed

    Keller Williams Realty Miami Beach

    (954) 263-8115

    10 in this area

    99 Total Sales

    David Freed
    Section Image

  • S

    Seller Co-Listing Agent in 2025

    Samantha Purnell

    MMLS Assoc.-Inactive Member

    Section Image
  • Maxine Siegler

    Buyer's Agent in 2025

    Maxine Siegler

    Miami Property Shop

    (305) 968-7554

    5 in this area

    37 Total Sales

    Maxine Siegler
    Section Image
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About The Elser

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11683284

MIAMI REALTORS® MLS

APN: 01-4137-078-2280

Florida Miami/Dade County Miami 33132 Downtown Miami

398 NE 5th St Unit 3707, Miami, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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