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398 5th St, Unit 1910
+26 more
$830K

Elser Unit 1910

398 5th St, Unit 1910 • Miami, FL 33132

at Elser

Beds
1
Baths
1
Living Area
509 SF
Price / SF
$1,631
HOA / Monthly
$567
Days on Market
113
Insider Price
$772,730

About This Unit

Welcome to Unit 1910 at The Elser Hotel & Residences — a turnkey, fully furnished 1-bedroom, 1-bath condo offering striking bay views and an unbeatable Downtown Miami address. Positioned across from Bayside Marketplace and within walking distance of the Kaseya Center, Miami Worldcenter, and the MetroMover, this residence pairs everyday convenience with nightly rental income potential. The Elser’s amenities elevate the experience: an expansive bayfront terrace with pool, hot tub, grills, and outdoor theater, plus a modern two-story fitness center, coworking areas, on-site dining, and 24/7 concierge service. Unit 1910 delivers the best of Miami living — resort-style luxury, prime location, and flexible investment in one.

Pricing at Elser — $1,631/sqft
At $1,631/sqft, Elser Unit 1910 is priced above the building's typical 1BR — premium positioning.
Elser Unit 1910 vs Active Listings at Elser: This condo is +13.1% higher (+$189/more per sqft) than the building's active 1BR median of $1,442/sqft, based on 29 active 1BRs.
Elser Unit 1910 vs Recent Sold Listings at Elser: This unit is +56.2% higher (+$587/more per sqft) than recent 1BR sales (median $1,044/sqft, based on 6 sales over 9 months).
Rank: This unit's $/sqft is higher than 62% of currently-active 1BR units at Elser (sample of 29).
Insider Negotiation Strategy: 1BR units at Elser typically close at 93.1% of asking. At that ratio, this unit could plausibly trade around $772,730.
Based on live MIAMIRE active & closed listings at Elser.
Time on Market — 113 days
Elser Unit 1910 is around the building's typical pace.
This unit's 113 days on the market is 0 days longer than the active 1BR median of 113 days (+0.0%).
Inventory position: 52th percentile for 1BRs currently active at this building.
Price History
Originally listed at $910,000. Reduced to $830,000 on Jan 15, 2026 (after 114 days on market) — -8.8% (−$80,000).
Estimated Monthly Cost
Mortgage (P&I)
$4,507
HOA
$567
Property Tax
$1,313
Total / mo
$6,387
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.90%. HOA $1.11/sqft · All-in $12.55/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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Recent Comparable Sales

Active 1BR Comps at Elser

UnitListSqft$/sqftDOM
#— — 509 $1866 11
#— — 509 $1749 0
#— — 560 $1188 0
#— — 509 $2063 231
#— — 560 $1554 55

Recent Closed 1BR Sales

ClosedUnitSold$/sqftvs List
2025-11-24 #— $620,000 $1107 —
2025-12-12 #— $475,000 $1072 —
2025-12-11 #— $435,000 $991 —
2026-01-21 #— $450,000 $1016 —
2026-04-23 #— $520,000 $1176 —
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
What to Verify
Flood Zone: This unit is in flood zone X. Outside the Special Flood Hazard Area — low-to-moderate risk; insurance optional but recommended.
Building Age: Built in 2022 (4 years old).
Ricky will verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Feb 2023 for $1,012,000 — held 3 years. They’re now asking $830,000 — −18.0% (−$182,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
Feb 2023 $1,012,000 arm’s-length
Source: Miami-Dade Property Appraiser. This unit owns 0.1289% of the building’s common elements. County living area: 509 sqft.
Building: Elser
Unit: 1910
Year Built: 2022
Stories: 49
City: Miami
Postal Code: 33132
HOA Fee: $567 / Monthly
View: Bay, Intracoastal View, Ocean View
Waterfront: No
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 113
Listed: September 24, 2025
MLS #: A11883780

Location

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Email About This Unit
Listing courtesy of: Real Broker LLC
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11883780 • Updated Jan 15, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

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Ricky Garcia  |  Global Luxury Realty  |  License #3521781

Ricky has closed deals at Elser. He knows the HOA, the best floors, and which units to avoid. Get a free no-pressure market analysis before you make any offer.

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