398 NE 5th St # 2116, Miami FL 33132

For sale Days on market 208

THE ELSER [ Condominium ]

$599,000

$1655/sq ft

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Overview

Bath

Year Built

2022

Sqft

362

Property Type

Condominium

Property Description

Prime investment opportunity at The Elser Hotel & Residences in the heart of Downtown Miami. Luxury condo with no rental restrictions, allowing daily, weekly, and short-term rentals—ideal for investors seeking strong income potential in Miami’s high-demand short-term rental market. Turnkey, fully finished and furnished residences with floor-to-ceiling glass and private balconies offering sweeping city and bay views. Owners may participate in a professionally managed onsite rental program for seamless operations and optimized returns. Resort-style amenities include a panoramic bayfront pool deck, multi-level fitness center, coworking spaces, lounges, café, and concierge services. Unbeatable walkable location steps from Bayside Marketplace, Bayfront Park, Kaseya Center, dining, nightlife, Brightline and major transit. A rare chance to own a flexible-use, income-producing asset in one of Miami’s most dynamic urban cores.

Property Details

MLS#

A11963081

Unit Floor

Total Floor in Bldg

Building

THE ELSER

Address

398 5th St NE

City

Miami

State/county

Zip/Postal Code

33132

Area

Map Of Miami Dade Co. Fl.

Country

United States

HOA

Yes

Assoc Fee

$557

Assoc Fee Pd

Monthly

Tax Amount

$9,386

Maint Fee

$--

Tax Year

2025

Dishwasher

Disposal

Dryer

Microwave

Electric Range

Refrigerator

Washer

Bay

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