Closed

The Elser Hotel & Residences, 398 NE 5th St #1612, Miami, FL 33132

499,000(-4.81% )
StudioBeds
1Baths
341SqFt

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Details

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Status:
Sold - May 13, 2025
Parking: 1
Size: 341 SqFt (32 m2)
Price: $1,393/SqFt ($14,994/m2)
Type: Condo
Built: 2022
HOA: $524/MO
MLS Number: A11455725
View: Bay
On Site: 691 Days
Updated: 89 Days ago
Page Views: 0
NEW CONSTRUCTION ~Blt. 2022
Fabulous studio hotel/condo unit located in the heart of downtown miami. This unit features a full kitchen with all appliances, is completely furnished with modern furniture and flat screen tv. King size bed and pull out couch for extra room. Unbelievable east miami views of miami beach and biscayne bay. This hotel condo features a wrap around pool, two story gym, valet parking and so much more! Location offers easy access to kaseya center, bayside marketplace, all major roadways, port of miami, public parks and public transportation! Don't miss this one! Hoa is $1573.56 quarterly
Features
Bedrooms
  • Bedrooms: No info
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Balcony
  • View: Bay
Interior, Heating and Cooling
  • Interior Features: BedroomOnMainLevel, ClosetCabinetry
  • Equipment / Appliances: Dishwasher, ElectricRange, Microwave, Refrigerator, SelfCleaningOven
  • Heating Description: Central
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: CeramicTile
  • Windows/Treatment: Blinds
  • Year Built: 2022
  • Year Built Description: New Construction
  • Style: HighRise
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
    Other Property Info
    • Garage: 1
    • Listing Date: 2023-09-19T16:39:45.000-00:00
    • Directions: Southeast
    • Pets Allowed: Conditional,Yes
    Taxes, Fees & More
    • Maintenance Includes: CommonAreas, Insurance, Internet, Sewer, Security, Trash, Water
    • Taxes: No info
    • Security Information: DoorMan, LobbySecured, SmokeDetectors
    • Parking Description: Other,Valet
    • Total Floors in Building: 47

    Price History

    05/13/2025

    Date

    Sold

    Event

    $475K

    Price

    -4.81%

    Change Rate

    $1,393 ft2 / $14,994 m2

    Price Per

    02/17/2025

    Date

    Price Reduced

    Event

    $499K

    Price

    -12.3%

    Change Rate

    $1,463 ft2 / $15,751 m2

    Price Per

    10/15/2024

    Date

    Price Reduced

    Event

    $569K

    Price

    -5.01%

    Change Rate

    $1,669 ft2 / $17,961 m2

    Price Per

    06/25/2024

    Date

    Price Reduced

    Event

    $599K

    Price

    -2.6%

    Change Rate

    $1,757 ft2 / $18,908 m2

    Price Per

    06/06/2024

    Date

    Price Reduced

    Event

    $615K

    Price

    -0.81%

    Change Rate

    $1,804 ft2 / $19,413 m2

    Price Per

    04/30/2024

    Date

    Price Reduced

    Event

    $620K

    Price

    -2.36%

    Change Rate

    $1,818 ft2 / $19,571 m2

    Price Per

    02/06/2024

    Date

    Price Reduced

    Event

    $635K

    Price

    -3.64%

    Change Rate

    $1,862 ft2 / $20,044 m2

    Price Per

    10/16/2023

    Date

    Listed

    Event

    $659K

    Price

    $1,933 ft2 / $20,802 m2

    Price Per

    Price per square foot and days on website are not provided values and are calculated by Subdivisions.

    Listed by Attila YildizColdwell Banker Realty • Buyer Agency Compensation .

    Instant Comps

    $900/ft²
    $1,100/ft²
    $1,400/ft²
    $1,700/ft²

    Unit #1612 – Asking

    $1,393/ft²

    (-28%) from Closed Avg. $/ft²

    Closed Avg. $/ft²

    $1,923/ft²
    Community $/Price Range (Closed) $1041/ft² – $1589/ft²
    UnitBed/BathSize SqFt$/SqFtExposureViewSoldClosed Date
    # 21121/0341$1,813SoutheastBay$618,2008/30/2023
    # 30121/0341$1,883SoutheastBay$642,0008/30/2023
    # 35121/0341$1,880SoutheastBay$641,0008/30/2023
    # 45121/0341$2,116SoutheastBay$721,5008/30/2023
    Unit: # 2112
    Bed/Bath: 1/0Size SqFt: 341$/SqFt: $1,813Exposure: SoutheastView: BaySold: $618,200Closed Date: 8/30/2023
    Unit: # 3012
    Bed/Bath: 1/0Size SqFt: 341$/SqFt: $1,883Exposure: SoutheastView: BaySold: $642,000Closed Date: 8/30/2023
    Unit: # 3512
    Bed/Bath: 1/0Size SqFt: 341$/SqFt: $1,880Exposure: SoutheastView: BaySold: $641,000Closed Date: 8/30/2023
    Unit: # 4512
    Bed/Bath: 1/0Size SqFt: 341$/SqFt: $2,116Exposure: SoutheastView: BaySold: $721,500Closed Date: 8/30/2023
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