$469,000

398 NE 5TH ST #1902, MIAMI, FL 33132

Studio1 bath430 sq ftCondo or villaBuilt 2022
Updated today, November 3, 2026

This home against Downtown

$1,091 per sq ft, 29% over the Downtown median
57 days on the market
Price cut $26,000 since it was listed at $495,000
Waterfront
1 car garage

Downtown today: 393 homes for sale, median list price $599,000.

About this home

PRICED TO SELL — AND PRICED AGAINST CLOSED SALES, NOT ASKING PRICES. Residence 1902 at The Elser: a north-facing studio on the 19th floor, fully furnished and turnkey, furniture package conveys. 9'2" ceilings and floor-to-ceiling glass frame the Downtown skyline north toward Edgewater. Italkraft cabinetry, quartz countertops, stainless steel appliances, in-unit full-size washer/dryer, keyless entry and Ecobee smart thermostat. Daily short-term rentals or annual leases both permitted — and twelve months of operator statements are available to qualified buyers, so this residence is underwritten on documented revenue, occupancy and ADR rather than projections. Building amenities: 132-foot bayfront pool deck, two-story fitness center, two-level co-working Lab with reservable conference rooms, lobby bar and restaurant called ViseVersa, concierge and valet. HOA includes Wi-Fi and cable. Two blocks to Miami Worldcenter; walk to Kaseya Center, Brightline, Bayside and the Port of Miami.

Zoned schools

Elementary: Frederick R. Douglass Elementary
Middle: Jose de Diego Middle School
High: Booker T. Washington Senior High

From Miami-Dade County Public Schools attendance zones.

Near this home

Park: Paul S. Walker Urbanscape, 0.2 mi
Grocery: Whole Foods Market, 0.2 mi

Distances from the center of Downtown, MIAMI.

Listing courtesy of Pink Miami Real Estate. MLS# A12086164.

Listing information is provided by the MLS and is deemed reliable but not guaranteed.

Listed September 7, 2026.

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