NOT LISTED FOR SALE

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

Downtown Miami Neighborhood

Estimated Value: $482,601

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. 5% increase in value since last sale

Current estimated payment $3,956 / mo

247 Days on Market

Highlights

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

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

Compass Florida, LLC License #3482525 Listed on: 10/27/2024

Compass Florida, LLC

Co-Listed By

Samantha Purnell

MMLS Assoc.-Inactive Member License #3484881

Last Buyer's Agent

Maxine Siegler

Miami Property Shop License #3163397

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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

Property Views

Home Design

  • Entry on the 37th floor

Interior Spaces

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

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • 1 Full Bathroom
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Open Patio
  • Outdoor Living Area

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0141370782280

Community Details

Overview

  • Association fees include common areas, cable TV, hot water, insurance, ground maintenance, pool(s), sewer, security, trash, water
  • Map Of Miami Dade Co. Fl. Subdivision
  • Maintained Community
  • Electric Vehicle Charging Station
  • Community Parking
  • 49-Story Property

Amenities

  • Sauna
  • Clubhouse
  • Business Center
  • Secure Lobby

Recreation

  • Community Playground
  • Community Cabanas
  • Community Spa

Pet Policy

  • Pets Allowed with Restrictions

Security

  • On-Site Manager or Management
  • Secure Elevator
  • 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

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 2022
  • Entry Level: 37
  • New Construction: Yes
  • DelayedMarketingYN: No
  • Special Features: 4098

Interior Features

  • Interior Amenities: Built-in Features, Closet Cabinetry, Separate Shower
  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Living Area: 442.0
  • Stories: 49
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Balcony, Outdoor Living Area
  • View: Bay, Intercoastal, Ocean
  • Pool Features: Association
  • View: Yes
  • Waterfront Features: Bayfront, Intracoastal Access, None, Other
  • Waterfront: Yes
  • Patio And Porch Features: Open, Balcony
  • Property Condition: New Construction

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Open Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Covered, Electric Vehicle Charging Station(s)

Utilities

  • Security: Security System, Elevator Secured, Lobby Secured, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Association Fee: 458.0
  • Pets Allowed: Yes
  • Community Features: Home Owners Association
  • Senior Community: No
  • Amenities: Business Center, Cabana, Clubhouse, Fitness Center, Maintenance Grounds, Management, Playground, Pool, Parking, Sauna, Spa/Hot Tub, Elevator(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Pet Restrictions, Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Hot Water, Insurance, Maintenance Grounds, Pool(s), Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 0141370782280
  • Mobile Dim Units: Feet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12116.0

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
3707 Elser Llc
Bought by
Seller's Agent
David Freed
Compass Florida, LLC
Buyer's Agent
Maxine Siegler
Miami Property Shop
List Price
$620,000
Sold Price
$460,000
Premium/Discount to List
-$160,000
-25.81%
Current Estimated Value
$482,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,601
Avg. Annual Appreciation
4.26%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown Miami, FL

  • Evelyn Sanchez Real Estate Agent - PFS Realty LLC

    Evelyn Sanchez

    PFS Realty LLC

    (877) 845-1735

    20 Total Sales

    2 in Downtown Miami

    $234K - $585K Price Range

    Evelyn Sanchez
     Section Image
  • Mariana Cabrera Real Estate Agent - Miami Beach Real Estate Group

    Mariana Cabrera

    Miami Beach Real Estate Group

    (877) 760-3458

    63 Total Sales

    2 in Downtown Miami

    $655,000 Price Range

    Mariana Cabrera
     Section Image
  • Henry Arevalo Maris Real Estate Agent - EXP Realty LLC

    Henry Arevalo Maris

    EXP Realty LLC

    (786) 527-2197

    26 Total Sales

    2 in Downtown Miami

    $390K - $542K Price Range

    Henry Arevalo Maris
     Section Image
  • Brian Rokicki Real Estate Agent - Compass Florida, LLC

    Brian Rokicki

    Compass Florida, LLC

    (786) 789-1373

    43 Total Sales

    1 in Downtown Miami

    $655,000 Price

    Brian Rokicki
     Section Image
  • Laura Cymring Real Estate Agent - Beachfront Realty Inc

    Laura Cymring

    Beachfront Realty Inc

    (855) 917-3619

    24 Total Sales

    1 in Downtown Miami

    $365,000 Price

    Laura Cymring
     Section Image
  • Alfonzo Duran Real Estate Agent - Compass Florida, LLC

    Alfonzo Duran

    Compass Florida, LLC

    (754) 354-9690

    42 Total Sales

    2 in Downtown Miami

    $1,600,000 Price Range

    Alfonzo Duran
     Section Image
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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 -25.8% $1,041 / Sq Ft
07/01/2025 07/01/25 Pending -- -- --
10/27/2024 10/27/24 For Sale $620,000 -- $1,403 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 Real Estate Agent - Compass Florida, LLC

    Seller's Agent in 2025

    David Freed

    Compass Florida, LLC

    (954) 263-8115

    11 in this area

    114 Total Sales

    David Freed
    Section Image

  • SP

    Seller Co-Listing Agent in 2025

    Samantha Purnell

    MMLS Assoc.-Inactive Member

    Section Image
  • Maxine Siegler Real Estate Agent - Miami Property Shop

    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: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11683284

BeachesMLS (Greater Fort Lauderdale)

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.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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