Home › Condos for Sale › Elser › Unit 2410
398 5th St, Unit 2410
+27 more
$840K

Elser Unit 2410

398 5th St, Unit 2410 • Miami, FL 33132

at Elser

Beds
1
Baths
1
Living Area
509 SF
Price / SF
$1,650
HOA / Monthly
$567
Days on Market
113
Insider Price
$782,040

About This Unit

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.

Pricing at Elser — $1,650/sqft
At $1,650/sqft, Elser Unit 2410 is priced above the building's typical 1BR — premium positioning.
Elser Unit 2410 vs Active Listings at Elser: This condo is +14.4% higher (+$208/more per sqft) than the building's active 1BR median of $1,442/sqft, based on 29 active 1BRs.
Elser Unit 2410 vs Recent Sold Listings at Elser: This unit is +58.1% higher (+$606/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 66% 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 $782,040.
Based on live MIAMIRE active & closed listings at Elser.
Time on Market — 113 days
Elser Unit 2410 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 $920,000. Reduced to $840,000 on Jan 15, 2026 (after 114 days on market) — -8.7% (−$80,000).
Estimated Monthly Cost
Mortgage (P&I)
$4,561
HOA
$567
Property Tax
$1,333
Total / mo
$6,462
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.90%. HOA $1.11/sqft · All-in $12.69/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 $1,012,300 — held 3 years. They’re now asking $840,000 — −17.0% (−$172,300) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
Feb 2023 $1,012,300 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: 2410
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 #: A11883764

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 #: A11883764 • 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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