398 NE 5th St # 4719, Miami FL 33132, MIAMI, FL, 33132
Active36 days on marketListed Jul 8, 2026MLS #A12049798
About this home
398 NE 5th St # 4719, Miami FL 33132
Experience flexible Downtown Miami ownership at The Elser Hotel & Residences, a condo-hotel offering a unique blend of personal use and income-producing potential. This residence may be used by the owner as a full-time or part-time home, while also allowing short-term rental flexibility when the owner is away. This structure allows buyers to enjoy a prime Miami lifestyle while having the option to manage rentals independently and maximize the property’s use when not personally occupied. Located in the heart of Downtown Miami, The Elser offers access to world-class dining, entertainment, waterfront attractions, Brickell, Bayside, Kaseya Center, and Miami’s vibrant urban lifestyle—making it an attractive option for personal enjoyment, short-term rental flexibility, and long-term ownership strategy.
Facts & features
The home at a glance
1
Bedrooms
1
Bathrooms
626
Sqft
1
Garage
2022
Year built
$1,819
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$8,797 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$8,797/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+181.9%
$/sqft vs MAP OF MIAMI DADE CO. FL.
$1,819 vs $1,450
Days on market
36 vs 66 typical
Where $1,819/sqft sits among the 49 homes for sale in MAP OF MIAMI DADE CO. FL.
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Downtown
Get to know Miami. See the full Miami guide →
Downtown — neighborhood snapshot
Population
24,316
Median age
38
Median income
$108,427
Median home value
$557,583
Avg household
2
Households w/ children
1,166
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami market
$508K → $590K
Miami median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
0 of 49
MAP OF MIAMI DADE CO. FL. have cut their price
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 178% above the MIAMI 33132 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 398 NE 5th St # 4719
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Feb ’26$592,000
Nearby listing · same community
1 bd · 1 ba · 647 sqft · $915/sqft
Sold · Jul ’26$530,000
227 NE 2nd St # 2306, Miami FL 33132 · same community
2 bd · 1.5 ba · 647 sqft · $819/sqft · 21 DOM
Sold · Sep ’25$470,000
227 NE 2nd St # 1602, Miami FL 33132 · same community
1 bd · 1 ba · 599 sqft · $785/sqft · 11 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 398 NE 5th St # 4719 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 398 NE 5th St # 4719 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
398 NE 5th St # 4719 FAQs
What would the monthly payment be for 398 NE 5th St # 4719, Miami FL 33132?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $8,797/mo — principal and interest, the actual property-tax bill, the $900/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 398 NE 5th St # 4719, Miami FL 33132?+
The association fee works out to $900 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 398 NE 5th St # 4719, Miami FL 33132?+
The most recent tax bill on record (2025) was $13,969. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Miami?+
At $1,139,000, this home is listed about 87% above the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 398 NE 5th St # 4719, Miami FL 33132?+
Frederick R. Douglass Elementary (elementary), District Instructional Center (Dic) (), Booker T. Washington Senior High (high), Jose De Diego Middle School (middle), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$1,139,000 runs 178% above the MIAMI 33132 median.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Know the monthly fee
The association fee is $900/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
Keep looking
Similar homes nearby
Listing courtesy of Epique Realty Inc. · Yadira Orta- Rubio. MLS #A12049798.
IDX 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. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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