398 NE 5th St # 2410, Miami FL 33132, MIAMI, FL, 33132
Active325 days on marketListed Sep 24, 2025MLS #A11883764
About this home
398 NE 5th St # 2410, Miami FL 33132
Discover the perfect blend of lifestyle and investment at Unit 2410 in The Elser Hotel & Residences — a fully furnished 1-bedroom, 1-bath condo showcasing wide bay views and a prime Downtown Miami location. Steps from Bayside Marketplace, the Kaseya Center, Miami Worldcenter, and the MetroMover, this residence offers unmatched walkability and nightly rental flexibility. Residents enjoy resort-style amenities including a sprawling bayfront terrace with pool, hot tub, outdoor theater, and grills, plus a state-of-the-art two-story fitness center, coworking spaces, on-site dining, and 24/7 concierge. Whether for a pied-à-terre or income-producing rental, Unit 2410 delivers convenience, luxury, and value in Miami’s most dynamic neighborhood.
Facts & features
The home at a glance
1
Bedrooms
1
Bathrooms
509
Sqft
1
Garage
2022
Year built
$1,650
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.
$6,908 /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
$6,908/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
+76.7%
$/sqft vs MAP OF MIAMI DADE CO. FL.
$1,650 vs $1,450
Days on market
325 vs 66 typical
Where $1,650/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 105% 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 # 2410
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$408,000
227 NE 2nd St # 1703, Miami FL 33132 · same community
1 bd · 1 ba · 521 sqft · $783/sqft · 19 DOM
Sold · Jun ’26$415,000
398 NE 5th Street # 2403, Miami FL 33132 · same community
1 bd · 1 ba · 490 sqft · $847/sqft · 18 DOM
Sold · Dec ’25$395,000
227 NE 2nd St # 1709, Miami FL 33132 · same community
1 bd · 1 ba · 549 sqft · $719/sqft · 36 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
Tommy Trainer
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 398 NE 5th St # 2410 — 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 # 2410 — before you fall in love.
See it in person
Schedule a tour
Live availability from Tommy's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
398 NE 5th St # 2410 FAQs
What would the monthly payment be for 398 NE 5th St # 2410, Miami FL 33132?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $6,908/mo — principal and interest, the actual property-tax bill, the $567/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 # 2410, Miami FL 33132?+
The association fee works out to $567 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 # 2410, Miami FL 33132?+
The most recent tax bill on record (2024) was $15,998. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 398 NE 5th St # 2410, Miami FL 33132?+
The listing reports pets: Restrictions Or Possible Restrictions. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Miami?+
At $840,000, this home is listed about 38% 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 # 2410, 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
Five things that matter here
01Positioned at the premium end
$840,000 runs 105% above the MIAMI 33132 median.
02Bay & Intracoastal View & Ocean View views
The bay and intracoastal view and ocean view view is part of what you're buying — views hold value independently of the structure.
03Know the monthly fee
The association fee is $567/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Time on market is leverage
325 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.
05The price has already moved
Listed at $920,000, now $840,000 — a $80K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of Real Broker LLC · Jose Munoz. MLS #A11883764.
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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