The Elser Hotel & Residences, 398 NE 5th St #2414, Miami, FL 33132

845,000(-17.16% )
1Beds
2Baths
665SqFt

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Details

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Status:
Active
Parking: 1
Size: 665 SqFt (62 m2)
Price: $1,053/SqFt ($11,331/m2)
Type: Condo
Built: 2022
HOA: $708/MO
MLS Number: A11776059
View: Ocean,Water
On Site: 131 Days
Updated: 6 Days ago
Page Views: 0
NEW CONSTRUCTION ~Blt. 2022
Cash-only auction opportunity! Property listed significantly below market value to generate multiple offers. Submit your highest and best offer by august 15,2025. Seller reserves the right to accept, reject, or counter any offer. This is not a distressed sale, and seller is under no obligation to sell unless terms are satisfactory. Only cash offers will be considered — no financing or appraisal contingencies will be accepted
Features
Bedrooms
  • Bedrooms: 1
Bathrooms
  • Bathrooms: 2
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Balcony, SecurityHighImpactDoors
  • View: Ocean,Water
Interior, Heating and Cooling
  • Interior Features: Other,SplitBedrooms
  • Equipment / Appliances: Dryer, Dishwasher, ElectricRange, Disposal, Microwave, Refrigerator
  • Heating Description: Central,Electric
  • Cooling Description: CentralAir,Electric
Building and Construction
  • Floor Description: CeramicTile
  • Windows/Treatment: Blinds,ImpactGlass
  • Year Built: 2022
  • Year Built Description: Condo-Hotel
  • Style: HighRise
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
    Other Property Info
    • Garage: 1
    • Listing Date: 2025-04-02T16:25:20.000-00:00
    • Pets Allowed: Conditional,Yes
    Taxes, Fees & More
    • Maintenance Includes: Amenities, CommonAreas, CableTv, Internet, Sewer, Trash, Water
    • Taxes: 15686
    • Security Information: ElevatorSecured, LobbySecured
    • Parking Description: Covered,Valet
    • Total Floors in Building: 47

    Price History

    07/28/2025

    Date

    Price Reduced

    Event

    $700K

    Price

    -17.16%

    Change Rate

    $1,053 ft2 / $11,331 m2

    Price Per

    04/10/2025

    Date

    Price Reduced

    Event

    $845K

    Price

    -3.98%

    Change Rate

    $1,271 ft2 / $13,678 m2

    Price Per

    04/02/2025

    Date

    Listed

    Event

    $880K

    Price

    $1,323 ft2 / $14,244 m2

    Price Per

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

    Listed by Julio OspinaRelated ISG Realty, LLC. • Buyer Agency Compensation .

    Instant Comps

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

    Unit #2414 – Asking

    $1,053/ft²

    (-26%) from Closed Avg. $/ft²

    Closed Avg. $/ft²

    $1,426/ft²
    Community $/Price Range (Closed) $1041/ft² – $1589/ft²
    UnitBed/BathSize SqFt$/SqFtExposureViewSoldClosed Date
    # 44142/1665$1,278EastBay, City, Ocean$850,0003/13/2025
    # 19142/1665$1,579EastBay$1,050,0008/30/2023
    # 22142/1665$1,432EastBay$952,0008/30/2023
    # 30142/1665$1,414EastBay$940,0008/30/2023
    Unit: # 4414
    Bed/Bath: 2/1Size SqFt: 665$/SqFt: $1,278Exposure: EastView: Bay, City, OceanSold: $850,000Closed Date: 3/13/2025
    Unit: # 1914
    Bed/Bath: 2/1Size SqFt: 665$/SqFt: $1,579Exposure: EastView: BaySold: $1,050,000Closed Date: 8/30/2023
    Unit: # 2214
    Bed/Bath: 2/1Size SqFt: 665$/SqFt: $1,432Exposure: EastView: BaySold: $952,000Closed Date: 8/30/2023
    Unit: # 3014
    Bed/Bath: 2/1Size SqFt: 665$/SqFt: $1,414Exposure: EastView: BaySold: $940,000Closed Date: 8/30/2023
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